Sebi moves on standstill pacts, says they are illegal

The Sebi chief was also of the view that sophisticated investors like MFs should not completely depend on credit rating agencies and should have their own way of assessing before taking a call.

SEBI, SEBI crackdown, fraudulent trading activity, market news, Last Traded Price, LTP News

Motilal Oswal: Maintain ‘buy’ with TP of Rs 475 on ICICI Prudential

Accordingly, the share of ULIP in total APE has declined to ~70% from ~85% in FY17, while that of the protec-tion business has increased sharply.

We hosted a boardroom discussion with Mr N S Kannan (MD & CEO) and Mr Satyan Jambunathan (CFO) of ICICI Prudential Life Insurance (IPRU). News

Developing secondary market key to revitalising corporation bond market, say experts

In July 2019, banks’ outstanding credit to non-banking financial services (NBFCs) rose by 34.5% from the the same period of the previous year to Rs 6.36 lakh crore, as per RBI data.

The participants also discussed the need to properly fund non-AAA-rated bonds News

Be prepared for fiscal deficit target slippage this year: Badri Nivas of Citibank South Asia | INTERVIEW

In general, the fiscal deficit this year is going to be a big challenge because of lower tax flows — both on the GST side as well as the direct tax side.

Badri Nivas, head of markets and securities services, Citibank South Asia News

Sebi refuses to lift market ban on 19 entities for fraudulent trade via bulk SMSes

Sebi noted that these 19 entities have "prima facie acted in a fraudulent and deceitful manner in the shares of KCL" which is in violation of PFTUP (Prohibition of Fraudulent and Unfair Trade Practice

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Sebi revises position limits for interest rate derivatives in 8-11 years maturity bucket

Markets regulator Sebi on Thursday revised the position limits for interest rate derivatives falling in the 8-11 years maturity bucket. The decision to review the position limit has been taken after c

awareness drive, Sebi, investor, market news, market growth, market news, NSE News

Sebi asks mutual funds to invest in listed equity securities

Exposure to risky debt securities has emerged as a major risk for capital market investors, including those coming through the mutual fund route, and the regulator has been making efforts to enhance i

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Axis Bank raises Rs 12,500 crore through QIP

The statement further said the deal was oversubscribed with the aggregate final transaction size being Rs 12,500 crore. The QIP issuance price of Rs 629 per share is at a discount of 4.91 per cent to

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World shares mostly higher after Donald Trump suggests trade war with China could be resolved soon

The Shanghai Composite Index lost 0.9 per cent to 2,929.09. Traders took profits before trading halts next week for the National Day holiday following an extended rise in prices, especially for tech s

World share, share market, Donald Trump, trade war, China, market news, Paris  News

ICICI Bank m-cap inches close to Rs 3 lakh crore mark; shares jump 4%

ICICI Bank is currently placed at ninth rank in the top-10 domestic m-cap chart of most valued firms. If the company enters the Rs 3 lakh crore m-cap club, it will join the likes of HDFC, Infosys, Kot

ICICI Bank, m cap, ICICI Bank share, market news,  News

Sensex rally lifts investor wealth by this much today

The Sensex rally lifted the domestic sentiment making investors richer by Rs 1.57 crore in the intraday trade Thursday.

Markets News

Muthoot Finance to raise Rs 1,000 cr through NCDs

There are ten investment options for secured NCDs with monthly or annual interest payment frequency or on maturity redemption payments with effective yield per annum ranging from 9.25 per cent to 10 p

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Sensex zooms 396 points as financials, autos rally, Nifty above 11,550; M&M, ICICI Bank jump up to 6%

The headline indices Sensex and Nifty jumped on Thursday, backed by a rally in auto and financial heavyweights amid positive global cues. After rallying 565 points intra-day, the 30-share Sensex close

Markets News

YES Bank share emerges as top Sensex loser; falls to fresh 6 year low

YES Bank shares hit a six-year low as they plunged 4.93 percent to Rs 51.05 on BSE.

Yes Bank is well poised in its growth journey to tackle challenges and seize opportunities in future News

Indigo share price soars after Morgan Stanley raises target stock price

Shares of Interglobe Aviation which runs the IndiGo airline surged on Thursday morning, after global firm Morgan Stanley raised the target stock price.

IndiGo airlines, IndiGo news, IndiGo, Rakesh Gangwal, EGM, industry news, IndiGo crisis News

SEBI Chairman’s IPO push: Fundraising activity needs to pick up, says Ajay Tyagi

Even as the primary markets remain muted with just six companies launching public offers so far in FY20, SEBI Chairman Ajay Tyagi on Thursday said that the fundraising activity through IPO or debt nee

Sebi, mutual fund, equity security, market news, capital market, investor, NCD News

Largest ever private QIP: Axis Bank surges 4% after mega Rs 12,500 crore share issue

Shares of India's major private sector lender Axis Bank surged on Thursday morning, after the firm completed largest ever QIP by private sector ever for Rs 12,500 crore.

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Share market highlights: Sensex ends 396 points down, Nifty below 11,600; VEDL, M&M top gainers

Share Market highlights: The headline indices Sensex and Nifty closed higher on Thursday with banks and auto stocks leading gains.

Markets News

Gold gains ground on bargain hunting, strong dollar caps gains

Spot gold was up 0.3% at $1,508.61 per ounce, as of 0126 GMT.

Gold prices, US gold futures, Spot gold, Donald Trump, US china trade deal, Asian trade, Asian stocks News

Oil prices hold steady as Donald Trump touts sooner-than-expected trade deal

Brent crude futures were at $62.34 a barrel, down 5 cents, or 0.1%, from the previous close, by 0158 GMT.

Oil prices, Donald Trump, US china trade deal, WTI crude futures, Shinzo Abe, US products, Asian trade, US crude inventories News

Global markets: Asian stocks edge higher on hints of US-China trade progress

The renewed optimism over trade pushed market concerns about U.S. political risks into the background, a day after Democrat lawmakers said they will open an impeachment inquiry into President Donald T

Global markets, Asian stocks, US-China trade, MSCI, Asia-Pacific shares, Nikkei, Donald Trump, Sino-US talks News

Crisil revises outlook for nine SPVs of Renew Power to negative

The debt service coverage ratio (DSCR) of project level debt has weakened due to additional debt or top-ups taken on operational projects.

The outlook revision factors in lower-than-expected reduction in the leverage of the group, Crisil said. News

Bearish again: Bank stocks take a tumble, SBI drops 7 per cent

With investors concerned that the new loan pricing norms, effective October 1, would hurt banks’ margins, banking stocks fell again on Wednesday. SBI, which has said it would peg its home loan rate

SBI, which has said it would peg its home loan rate to the repo rate, lost 7% News

Nomura: Retain cautious view on wholesale NBFCs/HFC

Rate transmission had been slow from Aug-18 to May-19 due to tight liquidity, but with tax sops and easier liquidity, transmission should pick up and the repo-linked pricing by SBI will determine how

Corporate banks have a higher proportion of mortgages and MSME loans. News

ICICI Securities: ‘Buy’ with TP of Rs 1,700 on Larsen & Toubro Infotech

We expect revenue growth to accelerate sequentially to 1.2% QoQ in USD terms (~1.5% in CC terms) vs 0.8% in Q1FY20 (1% in CC; 0.5% organic) despite these specific client issues.

Headline growth to be modest in Q2FY20 given client specific headwinds; underlying business momentum strong and to be evident in H2. News

Maharashtra: Floods, drought spoil plans for ethanol production

The government has declared a rate of Rs 59 per litre for converting sugar to ethanol and the cost of production comes up to Rs 64 per litre which means a loss of Rs 5 per litre, which is not viable,

The carry forward stock and the lesser production is likely to impact the supply of ethanol News

Markets lose steam on global cues; banks, auto stocks tank

The Bank Nifty gave up 597 points on Wednesday as emergence of trouble in one of the large co-operative banks and profit booking dragged the index down for a second day. The index has lost about 980 p

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