India’s largest glass-lined equipment manufacturer, GMM-Pfaudlers announced an offer for sale shares of Rs 1,433 crores. The current promoters plan to divest 28 percent of their stakes in a bid to reduce their holding size in the company. Recently GMM Pfaudler announced that it’s going to buy a controlling stake in parent company Pfaudler Inc. …
What if the commodity price ever hit the negative price zone? Most investors find it hard to wrap their head around the idea of a negative asset price. But there could be a situation, albeit unprecedented, where the value of an underlier slips into the negative zone. How to deal if such a problem arises? …
The Security And Exchange Board Of India (SEBI) has issued new guidelines that will bar retail investors from investing in AT-1 bonds. In the circular the regulator mentioned, “Issuers and Stock Exchanges shall ensure that only QIBs are allowed to participate in the issuance of AT1 instruments.” As a result, asset management companies which were …
The market regulator has agreed to relax the current promoter re-classification norms to change status from promoters to general shareholders. After receiving several requests from different parties, the market watchdog decided to alter the current eligibility threshold from 10 to 15 percent. In a public consulting paper issued, SEBI proposed re-classification of promoters’ resolution and …
Around half a dozen Indian startup unicorns are considering listing in foreign exchanges, including Paytm and EtechAces Marketing and Consulting, the parent company of both PolicyBazaar and PaisaBazaar. Companies informed they are awaiting clarity over guidelines from the Ministry Of Corporate Affairs and the revenue department regarding the same. They are looking forward to the …
Margin is a specific amount that an investor needs to pay to the broker before a trade is executed. The upfront payment of margin was brought in to ensure that it covers any failure on the part of the trader to pay for the shares or contract in the case of futures and options. Margins …
Market regulator SEBI has brought in new qualification norms for portfolio managers, research analysts and investment advisors in a recent notification. According to the SEBI norms issued last week, SEBI will recognise post-graduate programme in the securities market of at least a year offered by the National Institute of Securities Markets (NISM) as the qualification …
An Overview – SC’s Stance The Supreme Court dismissed Bharti Airtel, Vodafone Idea, and Tata Teleservices’ case for re-computation of the adjusted gross revenue (AGR)–related dues on July 23 morning, sending telecom stocks lower. Bharti Airtel’s stock was trading at Rs. 554.15, up Rs. 7.65, or 1.40 percent, on the BSE. It has traded between …
Due to the new margin rules, the trading community and brokerage houses are facing uncertainties regarding how much money they need to bring in and how much money the exchanges should be paid. As per the new rule, brokers need to take four snapshots of margin during the session at random times and based on …
The Index of Industrial Production for the month of October 2016 came in at (-1.9%) compared to the October 2015 corresponding index number. Of the 3 key components of IIP viz. Mining, Manufacturing and Electricity, only electricity managed a marginally positive growth. While electricity showed a positive growth of 1.1% for October 2016 on a …
