SEBI has proposed measures to curb speculation in the F&O segment, potentially impacting exchanges and retail brokers significantly. Analysts suggest these changes could reshape market dynamics, affecting retail-focused discount brokers and exchanges like NSE and BSE.
Uber Technologies has partnered with China’s BYD to introduce 100,000 new electric vehicles globally, excluding the United States. This initiative aims to reduce the total cost of EV ownership for Uber drivers and accelerate the adoption of greener rides worldwide.
The Securities and Exchange Board of India (SEBI) has fined IIFL Securities Rs 3 lakh and 5 Paisa Capital Rs 2 lakh for inaccuracies in managing client data.
Prada posted a 17% rise in first-half revenue, reaching 2.55 billion euros, driven by a 55% sales increase in Japan and a 93% surge for Miu Miu. This performance contrasts with broader luxury sector declines, highlighting Prada's strong brand appeal and resilience despite industry challenges.
Sebi chairperson Madhabi Puri Buch has pledged rigorous oversight to prevent market issues similar to Paytm's mismanagement. Emphasizing strict validation through Key Risk Areas (KRA), Buch assured that such problems will not affect India's financial ecosystem, reflecting Sebi's commitment to maintaining market integrity and regulatory compliance.
This growth has been driven by severe heatwaves and heightened economic activity, allowing India's power demand to surpass that of every other major global economy.
SEBI's proposed changes to the disclosure framework for FPIs focus on domicile-based parameters to simplify reporting. The new approach categorizes FPIs based on ownership thresholds related to Land Bordering Countries, aiming to streamline compliance and boost foreign capital inflows while enhancing transparency.
The decision to set the floor price at 1,027.1125 rupees per share reflects the company’s valuation and market conditions.
The two platforms collectively owe a substantial 213.4 billion won to their vendors, with Tmon responsible for 128 billion won and WeMakePrice for 85.4 billion won. This amount is anticipated to rise as more transactions near completion, as estimated by the Korea Herald.
The IPO of Akums Drugs and Pharmaceuticals Limited launched today, attracting significant market interest. Priced between Rs 646 and Rs 679 per share, it is nearly fully subscribed. The IPO aims to raise Rs 1,856.74 crore and will be open until 1st August 2024, with shares listing on BSE and NSE.
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