Tata Sons IPO: Tata Sons must prepare for a public listing by September 2025 in order to maintain its ‘upper-layer’ NBFC (Non-Banking Financial Company) classification. ‘Upper-layer’ NBCs must list within three years of being informed, per RBI regulations. Tata Sons is one of 15 financial institutions included in the category of “upper-layer” NBFCs that the…
The Indian stock market will launch the Investor Risk Reduction Access (IRRA) portal for trading members in an effort to combat technical difficulties or interruptions. According to the SEBI circular, trading members will have access to IRRA across exchanges starting on October 3rd, 2023. The TMs enabling Internet-based trading (IBT) and security trading via wireless…
The Nifty has gained roughly 15-16 percent in the last two years, which is not a lot for the index, he remarked in an interview with CNBCTV18. – Atul Suri According to Atul Suri of Marathon Trends, the Indian stock market is not in bubble territory, and the NSE Nifty 50 has the ability to…
In an initial public announcement dated May 21, 2023, Transworld Holdings stated that it intended to voluntarily delist the equity shares of its Indian subsidiary, Shreyas Shipping & Logistics Ltd. The proposed delisting from BSE and The National Stock Exchange of India has received in-principle permission, according to Shreyas Shipping & Logistics (SSL), which announced…
The Rs 10,000 crore buyback program, which equates to approximately 2.4% of outstanding shares at a maximum price of Rs 3,000 per share, improves L&T’s confidence. It is still Citi’s top pick for the medium term. The market capitalization of engineering giant Larsen & Toubro reached Rs 4 lakh crore on September 7 due to…
Vikas Lifecare shares are one of the penny stocks under 10 rupees, and the small-cap firm may have more stock float in the approaching times. The board of directors of the penny stock under 10 has approved the issuance of an additional 10 crore warrants convertible into stocks on a preferential basis. The preferred shares…
BSE’s derivative market share 3.4 percent of the market for stock futures was held by BSE in August (up from 0 percent in April). BSE has seen early success in the much larger equity derivatives market, which is currently dominated by NSE. Its market share is anticipated to reach around 10% in Q4 FY24, driven…
