[ad_1] In an effort to streamline the timeline for rights issues and make the process more market-friendly, the Securities and Exchange Board of India (Sebi) has suggested eliminating the need to file a draft document for a rights issue. Additionally, Sebi is considering allowing companies to carry out the issuance without the involvement of a…
[ad_1] Portfolio management services (PMS) are navigating new challenges after the Union Budget for 2024-25 increased tax on long-term capital gains (LTCG) and short-term capital gains (STCG). As stocks are held in the investor’s demat account in PMS, every buy and sell decision of the PMS manager has a tax impact for the investor, unlike…
[ad_1] The Securities and Exchange Board of India (Sebi) has relaxed rules to allow Category I and II alternative investment funds (AIFs) to borrow funds to cover shortfalls in drawdown amounts, aiming to simplify business operations. In trading, a drawdown represents the decline in the value of an investment or trading account from its peak…
[ad_1] Rahul Gandhi, Leader of Opposition in Lok Sabha, slammed Prime Minister Narendra Modi for the UPSC lateral entry job notification to fill 45 posts in different ministries of central government. Congress leader took to X (formerly Twitter) to claim that PM Modi was favouring recruits with affiliations to the Rashtriya Swayamsevak Sangh (RSS). “Narendra…
[ad_1] Several cities including Pune, Bhopal and Ghaziabad have been issuing municipal bonds to raise money from investors to finance their civic projects, but despite Indian market regulator’s nudge, there are few takers. This isn’t surprising, given the lack of liquidity, awareness and even weak perception about the functioning of local bodies, say experts. Municipal…
[ad_1] Kalpataru Ltd, the Mumbai based real estate developer, has filed its Draft Red Herring Prospectus (DRHP) with capital market regulator Securities and Exchange Board of India (SEBI) to raise funds via initial public offering (IPO). Kalpataru IPO comprises a fresh issue of equity shares worth ₹1,590 crore of face value of ₹10 each, according…
[ad_1] Arisinfra Solutions Limited has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI). The company aims to raise up to ₹600 crore through this initial public offering, which comprises solely a fresh issue of equity shares with a face value of ₹2 each. The company plans to…
[ad_1] “Watching business channels on mute is key to my success,” claims a 13-year-old self-proclaimed “world’s youngest successful options trader” on financial influencer Vivek Bindra’s YouTube channel. Bindra, who has 21 million followers, features the young trader, who asserts she earns at least “36-40%” annually from options trading. This is part of a growing trend…
[ad_1] Sebi first released rules for RAs in 2014. The idea was to create a framework through which individuals and entities could provide research and advisory services to the masses. As internet connectivity improved, many began to offer these services online. Now, Sebi has said that anyone who earns money – directly or indirectly –…
[ad_1] Propshare, a fractional real estate platform, recently became the first player to secure an SM (small and medium) Reit licence from Sebi. SM Reits are real estate investment trusts with an asset base between ₹50 crore and ₹500 crore. However, Propshare’s existing investors rejected the migration to SM Reit status. High upfront costs, including…
