On Tuesday, NSE Indices Ltd., a subsidiary of the National Stock Exchange Ltd., launched a new thematic index called Nifty India Tourism. This index is designed to monitor the performance of stocks related to the travel and tourism sector from the Nifty 500. Currently, this index comprises 17 stocks, Nifty India Tourism will undergo semi-annual …
The Securities and Exchange Board of India (SEBI) has issued new guidelines to ensure fairness and transparency in the charges levied by Market Infrastructure Institutions (MIIs). These guidelines, effective from October 1, 2024, aim to protect investors and promote a more equitable securities market. Here’s a breakdown of the key points from SEBI’s circular: Role …
The Securities and Exchange Board of India (SEBI) has issued a circular outlining new guidelines for the Basic Services Demat Account (BSDA), aimed at promoting financial inclusion and simplifying the investment process for individuals. These new rules, effective from September 1, 2024, build upon previous directives and are designed to further boost participation in the …
On June 27, 2024, Hitachi Payment Services received the Reserve Bank of India’s final authorization to operate as an Online Payment Aggregator under the Payments and Settlements Act, 2007. This end-to-end payments and commerce solutions provider will now be able to expand its digital solutions and services stack to encompass a comprehensive suite of innovative …
The Securities and Exchange Board of India (SEBI) has introduced a new listing timeline for debt securities, including non-convertible debentures and non-convertible redeemable preference shares, to enhance market efficiency and expedite the listing process. SEBI Shortens Listing Timeline SEBI announced that the listing of these debt securities must now occur within T+3 working days, a …
The Securities and Exchange Board of India (SEBI) has proposed new measures to restrict the association of regulated entities with unregistered financial influencers, commonly known as “finfluencers.” This initiative aims to protect investors and ensure that credible and regulated sources provide financial advice and promotions The Rising Influence of Finfluncers In recent years, financial influencers …
The Securities and Exchange Board of India (SEBI) has recently made significant revisions to its ‘Trading Plans’ framework, mainly focused at facilitating compliant trading practices among insiders who regularly handle unpublished price-sensitive information (UPSI). Reduction in Cool-Off Period SEBI’s latest circular reduces the minimum cool-off period required between the disclosure and implementation of a trading …
On June 26, Radisson Group issued a press release of its latest announcement of the signing of 10 new hotels in just 4 days. These signings took place across 4 brands of the group including Radisson Blu, Radisson, Radisson Individuals, and its brand extension Radisson Individuals Retreats. The group had also entered 5 new markets …
The Indian stock market staged a smart recovery from lower levels and ended the first trading session of the week on a positive note. The NSE Nifty50 index advanced 0.16%, while the Sensex gained 0.17%. Nifty Auto Index: A Strong Comeback Among the top-performing sectors on Monday was the Nifty Auto index. On Monday, the …
Shares of holding company stocks, including Bombay Burmah, Bajaj Holdings, and Pilani Investments, saw gains of up to 20% today. This surge follows the announcement by SEBI of a new framework for special call auctions aimed at better price discovery for such companies. SEBI’s New Framework SEBI’s circular noted that many holding companies are infrequently …
