The FinTech Hub
Source: Live Mint Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open higher on Tuesday, following a rally in global markets. Asian markets traded higher, while the US stock market surged overnight, with the S&P 500 ending at its highest in over two weeks. On Monday, the Indian…
Source: Live Mint Indian securities market regulator, the Securities and Exchanges Board of India (SEBI), on Monday, March 24, approved the proposal to double the investment threshold for foreign portfolio investors (FPI) disclosures to ₹50,000 crore, reported the news agency PTI. “Cash equity markets’ trading volumes have more than doubled between FY 2022-23 and the…
Source: Live Mint Mumbai: The Securities and Exchange Board of India (Sebi) has relaxed its rules for foreign portfolio investors, alternative investment funds, and registered investment advisors amid increasing cash equity market trading volumes. In its first board meeting under new chairperson Tuhin Kanta Pandey on Monday, India’s markets regulator increased the investment threshold for…
Source: Live Mint IPO Watch: SSF Plastics India Ltd has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO). SSF Plastics is a comprehensive provider of packaging solutions, offering a complete range of services from design through to delivery…
Source: Live Mint Edtech unicorn PhysicsWallah has filed draft IPO papers with capital markets regulator Sebi through a confidential pre-filing route. The confidential pre-filing route allows the company to withhold public disclosure of details under the draft red herring prospectus (DRHP). In a public announcement made on Wednesday, Noida-based PhysicsWallah said it has “filed pre-DRHP…
Source: Live Mint The Securities and Exchange Board of India (Sebi) has barred former CNBC Awaaz news anchor Hemant Ghai, his wife Jaya Hemant Ghai, and his mother Shyam Mohini Ghai from participating in the securities market for five years, effective immediately, for engaging in fraudulent trading practices. The regulatory body has also ordered Hemant…
Source: Live Mint Allchem Lifescience, a Gujarat-based manufacturer specializing in active pharmaceutical ingredient (API) intermediates and specialty chemicals, has filed preliminary papers with the Securities and Exchange Board of India (SEBI) seeking approval for an initial public offering (IPO). The proposed IPO includes a fresh issue of equity shares totaling up to ₹190 crore and…
Source: Live Mint Hindenburg Research, the now-defunct US short seller, alleged that Sebi’s probe into its January 2023 report on the Adani Group was compromised. The firm claimed that Buch had stakes in offshore entities linked to Adani’s alleged stock manipulation and accused her of a conflict of interest stemming from her ownership of consulting…
Source: Live Mint The Indian stock market has been on a roll over the past few years. This has given rise to several social media platforms sharing stock tips and market insights. A famous class of ‘Finfluencers’ have emerged out of the fame the stock market has earned over the past few years. These financial…
Source: Live Mint A Chandigarh-based man experienced a financial windfall when he discovered physical shares of Reliance Industries Limited (RIL) worth ₹11 lakh after around four decades. Rattan Dhillon, a car enthusiast, found the Reliance shares at his home while spring cleaning. According to the share documents, 30 equity shares of Reliance Industries Limited were…
