Shares of public sector banks (PSBs) are under significant pressure, with the Nifty PSU Bank index slipping about 4% in Thursday’s intra-day trade. This marks the sharpest fall in over three months for the index. But what triggered this sharp decline? The recent allegations against the Adani Group founder Gautam Adani and other executives for …
The market regulator, the Securities and Exchange Board of India (SEBI) has revised the rules for Alternative Investment Funds (AIF), requiring them to grant investors’ rights in proportion to their investment commitments. The objective behind this amendment is to ensure that both the risks and rewards from AIF schemes are shared equally based on the …
On 22nd November 2024, the Indian benchmark index Sensex was up 1.20% at 77,064.47, and the Nifty 50 was up 1.26% at 23,644.70 at 1:00 PM. Adani Group stocks were in focus during afternoon trade. Adani Group Companies’ Share Price at 1:00 PM On NSE, November 22, 2024 Companies Percentage change Share Price (in ₹) …
On November, 21, the Securities and Exchange Board of India (SEBI) abolished the requirement of a mandatory security deposit which was put in place for public/rights issues so that an issuer resolves investor complaints. SEBI Streamlines Public Issue Norms Previously, companies planning to launch a public issue of equity shares were required to deposit an …
The capital market regulator, the Securities and Exchange Board of India (SEBI) has issued updated directives aimed at enhancing governance and compliance among Market Infrastructure Institutions (MIIs). These changes focus on internal procedures, disciplinary actions, technological integration, and data security measures to ensure the smooth functioning of MIIs. These new directives are set to take …
IPO-bound NTPC Green Energy has entered into a joint venture (JV) with the New and Renewable Energy Development Corp. of Andhra Pradesh to develop a portfolio of renewable energy projects worth ₹2 lakh crore. This initiative, announced by the Government of Andhra Pradesh, aims to contribute significantly to the state’s clean energy goals. Scope and …
Gautam Adani and his nephew Sagar Adani have been called upon by the US Securities and Exchange Commission (SEC) to clarify their involvement in allegations of paying $265 million in bribes to obtain solar power contracts. Adani Summons Details The Adanis received summons at their homes, with a 21-day deadline to respond, as per a …
The Bank Nifty has staged a remarkable rally, surging approximately 2,500 points from its November 21, 2024, low. However, this impressive climb has encountered profit booking, as the index dipped by 84 points (0.16%) on November 26. After reaching prior swing highs and testing the gap area from October 3, 2024, the index now faces …
The Nifty Financial Services Index (FINNIFTY) is a key benchmark for India’s financial market performance. It reflects the behaviour of major banks, financial institutions, housing finance companies, insurance firms, and other financial services entities. Comprising 20 listed stocks on the NSE, FINNIFTY is a reliable indicator of financial market trends. Recent Performance of FINNIFTY On …
India unveiled PAN 2.0 on 25 November, with ₹1,435 crore allocated to modernise the PAN/TAN system for enhanced efficiency. The upgraded PAN 2.0 system is designed to benefit people by enhancing the system’s digital infrastructure. PAN Upgrade Features The 10-digit alphanumeric Permanent Account Number (PAN), issued by the Income Tax Department, will be upgraded with …
