The FinTech Hub
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…
Source: Live Mint While the broader indices are teetering on the edge of a bear market (defined as plunging 20% or more from recent highs), some small- and mid-cap stocks are so deep in red that short-term traders have graduated to being long-term investors, and long-term investors have embraced spirituality. Investing in the small and…
Source: Live Mint Discretionary portfolio managers have grown by ₹4.26 lakh crore since then. And even mutual fund investors have discovered the power of risk-adjusted returns through categories such as balanced advantage funds ( ₹2.9 lakh crore of assets under management) and multi-asset funds ( ₹4.33 lakh crore of AUM). The Securities and Exchange Board…
Source: Live Mint India’s new securities markets regulator, Tuhin Kanta Pandey, pledged to address the concerns of foreign investors, pursue ‘optimum regulation’, and enhance transparency—only to leave market experts wanting more. Pandey, who took over from Madhabi Puri Buch as the chairperson of the Securities and Exchange Board of India on 1 March, said a…
Source: Live Mint MUMBAI – India’s markets regulator will improve transparency in its functioning, including by revealing any conflicts of interest of its board members, as a way to build trust, Chairperson Tuhin Kanta Pandey said on Friday. Veteran finance ministry bureaucrat Pandey last week replaced Madhabi Puri Buch as the chief of the Securities…
Source: Live Mint The Securities and Exchanges Board of India (SEBI), on Sunday, March 2, announced that they will initiate appropriate legal action over the corruption court order, which involves an allegation of involvement of SEBI’s ex-Chief Madhabi Puri Buch and five other officials into an irregularity in granting listing permission to a firm, according…
Source: Live Mint Upcoming IPO: Global vertical SaaS company Excelsoft Technologies, on March 2, said that it has filed draft red herring prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (SEBI) to raise ₹700 crore through an initial public offering (IPO). As per the DRHP, the Karnataka-based company’s proposed IPO consists…
Source: Live Mint That a mere stockbroker could be dubbed Black Cobra then tells the story of how dangerous Manu Manek Mundra, the man given that infamous title, must have been. Born into a middle-class family in Calcutta in the 1940s, Manek started his trading career while still in college, eventually graduating as a full-blown…
Source: Live Mint One of the key proposals is altering the method of calculating open interest (OI), which represents outstanding buy-sell positions in the derivatives market. Read this | Specialized investment funds: All you need to know about Sebi’s new mutual fund category Sebi also plans to link the market-wide position limit (MWPL)—which caps the…
