The Finance Ministry has recently written to the capital markets regulator Securities and Exchange Board of India (SEBI) asking for the withdrawal of guidelines issued by the regulator on valuing perpetual bonds issued by banks as 100-year bonds. Perpetual bonds (also called perp bonds) are known as additional Tier 1 bonds as they don’t come …
An Overview Fear has gripped the Indian equity market trader community. SEBI consultation paper on algorithmic or algo trading is the catalyst. The regulation raises concerns about how algo trading is marketed to novice investors. The old guards are concerned that the regulator would throw the algo baby out with the bathwater and, rather than …
The SEBI meet on April 26 is will be the first meeting of the capital market regulator after Mr. Ajay Tyagi has taken charge. There is apparently, a power packed agenda of critical items for discussion. Some of the agenda items are likely to have long range implications for the Indian capital markets and are …
ITC’s standalone profit witnessed a year-on-year growth of 28.6% at Rs. 3,103.5 crore for the first quarter ended June 2021. This figure stood at Rs. 2,342.76 crore in the previous fiscal’s corresponding period. The company noted that this substantial jump was a direct result of its sequential recovery in cigarette sales. In fact, the volume …
Zomato’s IPO listing and subsequent rally, which has been stellar so far, hasn’t yet run out of steam. JM Financial became the second brokerage firm UBS Securities India to accredit Zomato with a “buy” rating, pegging nearly 25% upside potential to put the target price at Rs. 170 per share. A Brief Overview of the …
India’s logistical landscape has undergone a significant transformation, heralding promising prospects for the nation’s economic advancement. A recent report commissioned by the federal government highlighted a notable achievement: logistics costs have plummeted to below 9% of the gross domestic product (GDP). This substantial decline, attributed to amplified state investments in infrastructure, port advancements, and digital …
According to the NSO’s first advance estimates, India’s real gross domestic product (GDP) growth is estimated at 9.2% in 2021-22, which is lower than the 9.5% projection of the Reserve Bank of India and the International Monetary Fund. India’s economic growth may slow down to 9% in the current fiscal year due to the impact …
In a bid to democratize the corporate bond market and encourage greater retail participation, the Securities and Exchange Board of India (SEBI) has put forth a series of visionary proposals that could redefine how investors interact with debt securities. This article will break down the key aspects of two major proposals, shedding light on their …
Dixon Technologies subsidiary Padget Electronics has secured a contract with Lenovo to manufacture laptops and notebooks under the PLI 2.0 scheme. This collaboration is expected to boost laptop and notebook production in India, generate new jobs, and enhance the competitiveness of Indian-made IT hardware globally. The deal is subject to signing a definitive agreement in …
The stock market crash of 2020 is officially here. On 20th March, as soon as trading began at around 9:30 am on Dalal Street, it had to be halted for around forty-five minutes. Both Nifty and Sensex crashed. Sensex fell to 20,687.52 by 3,090 points. Nifty fell below 10% to under 8,700 points. Once trading resumed …
