India’s markets regulator will tell the country’s top court why it paused, then restarted investigations into the Adani Group after a tip in 2014 amid questions around regulatory delays, according to two people with direct knowledge of the matter. The Securities and Exchange Board of India (SEBI) will say for the first time that India’s […]
Day: July 31, 2023
Oil prices rise to 10 month-high on China reserve ratio cutOil prices rise to 10 month-high on China reserve ratio cut
Oil prices rose to their highest level in 10 months on Friday, after China cut banks’ cash reserve requirements to boost its economic recovery, and on expectations that major global interest rate hike cycles were nearing their end. Brent crude rose 46 cents, or 0.5%, to $94.16 as of 0027 GMT, while the U.S. West […]
Plaza Wires set to debut on bourses; GMP looks favourablePlaza Wires set to debut on bourses; GMP looks favourable
Plaza Wires’ shares are scheduled to debut on the bourses today. Ahead of its listing, Plaza Wires’ shares’ GMP surged 42.59%. The IPO was subscribed 160.97 times. The Qualified Institutional Buyers (QIBs) category was subscribed 42.84 times, the portion for non-institutional investors received a 388.09-time subscription, and the Retail Individual Investors (RIIs) quota got subscribed […]
Ratnaveer Precision Engineering IPO opens for subscription, GMP up 49%; should you subscribe to the issue?Ratnaveer Precision Engineering IPO opens for subscription, GMP up 49%; should you subscribe to the issue?
Ratnaveer Precision Engineering IPO: Ratnaveer Precision Engineering IPO opened for public subscription on Monday, 4 September, and will close on Wednesday, 6 September. The bidding for anchor investors concluded on Friday, wherein the company collected Rs 49.5 crore. The price band for its public issue at Rs 93-98 per equity share of face value Rs […]
Digikore Studios listing at 57% premiumDigikore Studios listing at 57% premium
Visual effects company, Digikore Studios listed its shares on the National Stock Exchange on Wednesday at a premium of 57% over the IPO price. The Pune-based VFX company IPO was oversubscribed by 243.11 times with the company receiving applications worth Rs 5,411 crore, making it the third largest SME IPO subscription in the country. The […]
Sebi notifies new ‘fit and proper’ criteria for exchanges, clearing corpsSebi notifies new ‘fit and proper’ criteria for exchanges, clearing corps
Capital markets regulator Sebi has tweaked its framework regarding ‘fit and proper’ criteria for stock exchanges and other market infrastructure institutions, whereby any direction passed against such institutions will not affect their operations.The new rules are aimed at separating the role of an individual from such institutions.In two separate notifications, the Securities and Exchange Board […]