Pilani Investment and Industries Corporation Ltd has taken a significant step in its corporate journey by applying to the Reserve Bank of India (RBI) for conversion from a Non-Banking Financial Company (NBFC) to a Core Investment Company (CIC). This move aligns with its strategic objectives and adherence to RBI regulations governing financial entities. What Is …
Mutual fund investors can now cancel their Systematic Investment Plans (SIPs) faster, as the Securities and Exchange Board of India (SEBI) has reduced the processing time to two working days. This updated guideline, effective from December 1, 2024, replaces the earlier timeline of 10 working days. Key Changes in SIP Cancellation Uniform T+2 Timeline: All …
CarDekho, one of India’s leading online car search platforms, is on track to achieve impressive growth in FY 2025. According to its founder, Amit Jain, the company expects to grow by 50% as a group in FY 2025, following a robust 54% increase in profits in FY 2024. Jain emphasised the importance of compounding growth, …
The Nifty Smallcap 100 Index reflects the behaviour and performance of the small-cap segment of the financial market. It comprises 100 tradable stocks listed on the National Stock Exchange (NSE), serving as a benchmark for the small-cap segment. Record-Breaking Performance On December 11, 2024, the Nifty Smallcap 100 Index reached a fresh all-time high, surpassing …
In a significant step towards sustainable infrastructure, DME Development Ltd (DMEDL), a subsidiary of the National Highways Authority of India (NHAI), raised ₹775 crore through the issuance of Green Bonds on December 09, 2024. This marks a milestone for the roads and highways sector, demonstrating the growing alignment between infrastructure growth and environmental sustainability in …
The Securities and Exchange Board of India (SEBI) has revealed its plan to extend the optional T+0 settlement cycle to the top 500 companies by market capitalisation, effective as of December 31, 2024. The implementation will begin with the bottom 100 scrips, gradually adding the next 100 companies each month. This phased approach will ensure …
The Information Technology (IT) sector holds significant weightage in the Nifty50 index, standing at 13.76%, making it the second-largest contributor after financials. Nifty IT Scales New Heights On December 10, 2024, the Nifty IT index surged by 0.70%, reaching a new all-time high of 45,377.75, surpassing its previous peak of 45,027.95 recorded on December 5, …
The Securities and Exchange Board of India (SEBI) has issued a warning urging investors to avoid dealing in unlisted securities on unauthorised electronic platforms. SEBI’s press release emphasised that these unauthorised platforms operate in violation of the Securities Contracts (Regulation) Act, 1956 and the SEBI Act, 1992. Both acts are designed to protect the interests …
The Mukhyamantri – Majhi Ladki Bahin Yojana, a government welfare scheme aimed at empowering women in Maharashtra, is set to give bigger payouts to its beneficiaries, as per news reports. The scheme which currently supports over 24 million women, is said to increase its monthly financial assistance from ₹1,500 to ₹2,100. This initiative aligns with …
The National Highways Authority of India (NHAI) was established by an Act of Parliament in 1988 under the administrative control of the Ministry of Road Transportation and Highways. The NHAI has been established as a Central Authority to develop, maintain, and manage the National Highways entrusted to it by the Government of India. NHAI to …
