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Source: Live Mint Mumbai: The Securities and Exchange Board of India (Sebi) On Tuesday issued a draft circular inviting public feedback on the criteria for recognizing digital platforms as Specified Digital Platforms (SDPs). According to Sebi, the recognition of these platforms is crucial to ensure they do not enable illegal activities related to securities, such…
Source: Live Mint Stocks to buy: Indian stock market benchmarks, the Sensex and the Nifty 50, declined by more than one percent each. The Sensex ended the day down by 931 points, or 1.15%, closing at 80,220.72, while the Nifty 50 fell by 309 points, or 1.25%, to finish at 24,472.10. The mid and small-cap…
Source: Live Mint US stock indices edged lower on Tuesday, as Treasury yields rose amid the third quarter earnings. At the opening bell, the Dow Jones Industrial Average fell 54.8 points, or 0.13%, to 42,876.84. The S&P 500 fell 21.3 points, or 0.36%, to 5,832.7, while the Nasdaq Composite dropped 88.1 points, or 0.48%, to…
Source: Live Mint Secondary residency involves an economic contribution to the host country or a real estate purchase in exchange for residency rights. There are residency by investment programmes, also known as Golden Visas, all over the world, but the most popular ones in UHNWI circles are in Europe, West Asia, and North America. In…
Source: Live Mint Jewellery manufacturer Sky Gold, on Tuesday, successfully raised ₹ 270 crore through a Qualified Institutional Placement (QIP) from renowned funds. The company has allotted 9,99,259 equity shares with a face value of ₹10 each at a price of ₹2,702 (including a premium of ₹2,692), raising a total of ₹269.99 crore. Following this…
Source: Live Mint In the fast-paced world of investing, finding a multibagger stock that can deliver extraordinary returns within a short period of time is the dream of every investor. Such dreams turned into reality for investors of Usha Martin as shares delivered a phenomenal return. The shares, valued at ₹141 each just two years…
Source: Live Mint With major equity markets near their all-time highs and gold shining equally brightly, investors face a dilemma: Should they ride the wave or prepare for a potential downturn? With growing uncertainties and stretched valuations, are risks overwhelming opportunities? Central banks worldwide are walking a tightrope between managing inflation and supporting economic growth,…
Source: Live Mint These modifications follow the Insurance Regulatory and Development Authority of India’s (Irdai) master circular on life insurance products (Insurance Products Regulations, 2024). Key changes include reducing the entry age to buy an endowment plan to 50 years from 55. The minimum basic sum assured has been increased to ₹2 lakh from ₹1…
Source: Live Mint The dematerialization process First, open demat accounts for the transferor and the transferee. “We get two demat accounts—one for the transferor and one for the transferee. If units are in physical form, they must first be dematerialized,” explains Amit Sahita, director of Fincode Advisory Services Pvt. Ltd. View Full Image Graphic by…
Source: Live Mint The initial public offer (IPO) of Godavari Biorefineries is set to hit the primary market on Wednesday, October 23. The company is looking to raise ₹554.75 crore via the three-day share sale. Godavari Biorefineries IPO is a mix of fresh issue and an offer for sale (OFS). The company is a major…
