The Sixth Monetary Policy for the fiscal year 2016-17 was announced by the RBI on 08th February 2017. It is essential to understand the backdrop to this policy announcement. Firstly, there is the demonetization exercise that was undertaken in the months of November and December 2016. Secondly, the RBI had already front-ended a rate cut …
The stock market is a maze, and it is very easy to lose faith in it. But if you keep your eyes and ears open only to your own research and strategies, you will be able to survive the stock market. In order to survive the stock market, an investor also needs to adopt a …
The GST Council finally announced the specific rate slabs under the GST Bill. At the lowest level of GST will be the exempt goods which will carry 0% GST and these will be the basic necessities constituting nearly 50% of the CPI basket. The next slab will be the 5% slab, which will cover items …
The Securities and Exchange Board of India has suggested a framework to supervise Environment, Government and Social (ESG) rating providers. The market regulator seeks to tighten the rules as the ESG providers plan on minimising the risk of greenwashing and misuse of company ratings. Are you interested in knowing more about this topic? Read on …
The chain of super speciality mother and baby care hospitals, Cloudnine, has filed its draft papers with the market regulator SEBI to introduce an IPO worth Rs. 1,200 crores. As highlighted in the DRHP, this public issue will comprise both freshly issued equity shares and an offer for sale from current shareholders. Marquee investment firms …
India’s capital market regulator SEBI is now receiving applications from foreign funds to postpone its move to the T+1 settlement cycle. Three prominent fund lobby groups, Asian Securities Industry and Financial Markets Association (ASIFMA), Investment Association of UK, and Hong Kong-based Traders Forum, have sent a joint letter to the Chairman of SEBI, Mr Ajay …
Life Insurance Corporation of India, the country’s biggest insurance provider, is finally filing its DRHP to initiate IPO proceedings. A Finance Ministry official has confirmed that the insurance behemoth will submit its papers in November 2021, and the IPO is expected to be wrapped up by the end of this fiscal year. The initial public …
Clearing corporations (CCs) of stock exchanges are likely to appeal to capital markets regulator SEBI to defer the launch of the new T+1 settlement cycle by some months, according to news reports. Clearing corporations are intermediaries affiliated with the stock exchanges; they not only confirm and settle trade of shares but also ensure delivery. The two leading clearing …
The Securities and Exchange Board of India (SEBI) is revamping its systems to cast a wide net to catch violators of India’s stock market regulations. Traditionally, the capital market regulator had relied on tips and data from stock exchanges to investigate violations. However, an ever-increasing complex strategies employed by these violators have forced the watchdog …
Local and global custodian financial institutions have reportedly appealed to capital markets regulator SEBI to defer the implementation of the T+1 settlement cycle option till April 2022. Custodian banks are financial institutions or banks that safeguard the securities and funds of investors. They are SEBI-registered institutions that also arrange settlement of sales or buys and deliveries of …
