There has been a lot of interest among finfluencers to register themselves after the regulator cracked down on unregistered entities and has asked registered entities to restrict their association with unregistered entities.
SEBU has proposed major relaxations to its Research Analyst and Investment Advisor Regulations, including reducing qualification requirements and removing net worth criteria. The changes aim to regulate the growing influence of unregistered financial influencers and simplify registration processes for professionals.
Morgan Stanley’s latest move allows its advisers to offer spot-Bitcoin ETFs to eligible clients, reflecting a broader acceptance of digital assets. Clients must have a net worth of at least $1.5 million and a high risk tolerance to qualify for investment in these funds.
Ola Electric’s IPO, which drew $1.8 billion in bids, stands as India's first offering by an electric vehicle maker. The company, valued at around $4 billion, plans to use IPO proceeds to boost its battery cell manufacturing unit amid rising costs and profitability concerns.
Whirlpool Corporation’s commitment to disability inclusion has been recognized once again with a perfect 100 score on the 2024 Disability Equality Index.
PB Fintech reported a profit of 601.8 million rupees for Q1, driven by a 67% surge in insurance broking revenue and a 62% increase in new premiums. However, its credit business showed slower growth due to regulatory impacts.
Domestic Institutional Investors (DIIs) were net buyers of shares worth Rs 3,357 crore, while Foreign Institutional Investors (FIIs) were net sellers, offloading shares worth Rs 3,531 crore. The Sensex and Nifty closed lower amid sector-specific movements and mixed market sentiments.
Mainland Headwear Holdings’ subsidiary sharp assets is set to acquire a 55% stake in Dutch design company difuzed for €5 million.
Raymond Ltd's adjusted profit surged 40% in Q1, driven by strong performance in its real estate and engineering sectors. The company is shifting focus from textiles to these core areas and plans to spin off its real estate division, with further restructuring underway.
Shares of New Oriental Education & Technology surged nearly 11% following the announcement of the expanded $700 million share repurchase program. The new mandate allows for the buyback of additional shares until May 2025.
Showing 80 of 161 articles