After this news, the company's shares increased by 5 percent and closed at Rs 153.75.In a stock exchange filing, Zee said that "the total amount to be raised by issuing such securities will not exceed Rs 2000 crore and is subject to regulatory/statutory approvals including shareholders'...
New Delhi [India], Zee Entertainment has announced plans to raise Rs 2,000 crore through qualified institutional placement (QIP) and other avenues, according to an exchange filing on Thursday."The Board of Directors of the Company, at its meeting held today, has, inter alia, given its...
New Delhi, Market regulator Sebi on Wednesday issued framework for foreign portfolio investors (FPIs), which will make it easier for such investors to deal with the securities lying in their demat accounts after the expiry of their registration.Under the current rule, foreign portfolio...
New Delhi: Capital markets regulator Sebi on Wednesday proposed increasing the Basic Service Demat Account (BSDA) limit to Rs 10 lakh from the current Rs 2 lakh to promote participation of retail investors in the securities market.A Basic Service Demat Account, or BSDA, is a more basic version...
New Delhi: To increase operational efficiency and reduce the risk of securities of customers, market regulator SEBI on Wednesday decided to make the process of direct payment of such securities into the customer's account mandatory.This will be effective from October 14, the Securities and...
New Delhi, Hindalco Industries on Wednesday announced that its US arm Novelis Inc has postponed its initial public offering (IPO) due to market conditions.Hindalco said in a filing to BSE that Novelis will continue to evaluate the timing of the future offering.A few days ago, Novelis Inc...
Mumbai (Maharashtra) [India], Capital markets regulator, Securities and Exchange Board of India (SEBI) has launched 'Sarasthi' mobile app on personal finance for investors.This user-friendly app will help investors understand complex financial concepts in a simple manner, the markets regulator...
New Delhi: NNM Securities has not been banned by SEBI from acting as a stock broker for its clients and will continue its trading activities without any disruption, the brokerage has clarified.The clarification comes in the backdrop of SEBI's May 30 order imposing a total penalty of Rs 50 lakh...
According to regulatory filings with the US Securities and Exchange Commission (SEC), the latest valuation as of March 31 represents a 24 per cent increase from Barron's previous mark-up of Swiggy's valuation at $12.2 billion.This development comes at a time when Swiggy is preparing for its...
ATKNew Delhi [India], June 3: Investment banking is one of the most popular options for university graduates who want to make it big in the world of finance. Although the world of investment banking can be extremely tough, it offers the benefits of extremely high salaries, bonuses and...
VMP New Delhi [India], June 1: Leading financial services house IIFL Securities today announced three senior management appointments to boost its wealth management platform/equity broking business. IIFL Securities currently manages $23 billion worth of AUM (approximately Rs 1.9 lakh crore). It...
New Delhi: Sebi on Friday banned two persons from the securities market for three years and directed them to liquidate ill-gotten gains of Rs 1.67 crore for indulging in front-running trades.The persons banned by SEBI are Gaurav Dedhia and Kajal Savla. Apart from this, the regulator imposed a...
New Delhi: Sebi on Thursday imposed a total fine of Rs 50 lakh on five entities for violating regulatory norms in the case of Bhatia Communications and Retai (India) Ltd and also banned them from the securities market for three years.The regulator also directed the entities to repay the...
"One of our jobs was to allow immediate withdrawals. By immediate, I mean immediately," the CEO said in announcing the development on X."Initially, we (@zerodhaonline) will allow instant withdrawals of up to Rs 1 lakh at no additional cost throughout the week, including weekends, between am...
Mumbai (Maharashtra) [India], BSE Investor Protection Fund has cautioned investors to beware of fraudulent trading apps that promise unrealistic returns through block deals and IPO allotments. According to the fund, SEBI (Securities and Exchange Board of India) is getting various types of funds...
The Pravah portal will make it convenient for any individual or entity to apply online for various regulatory approvals in a seamless manner. According to an RB statement, this portal will also increase the efficiency of various processes related to granting regulatory approvals and clearances...
New Delhi, National Stock Exchange (NSE) has decided to introduce a penny tick size for all stocks priced below Rs 250 from June 10 to increase liquidity and improve price discovery by allowing more precise price adjustments. .At present the tick size for these shares is five paise, which will...
New Delhi [India], Selling in Indian stock markets by foreign portfolio investors (FPIs) turned aggressive in May, now reaching Rs 22,04 crore, with just a few more days left for the month to end. Money is being sold continuously. The fall in Indian equities was partly attributed to a stronger...
New Delhi, Reliance Power Ltd on Saturday reported a consolidated loss of Rs 397.66 crore during the March quarter, mainly due to increase in fuel consumption.It had posted a profit of Rs 321.79 crore in the year-ago period, the company said in an exchange filing.However, the company's...
Mumbai (Maharashtra) [India], Securities and Exchange Board of India (SEBI) has announced amendments in the minimum period of serial delivery period for commodity futures contracts. The change comes as part of SEBI's ongoing efforts to enhance efficiency and credibility. Commodity Derivatives...