Sebi raised the minimum amount required for a basic service demat account on Friday from Rs 2 lakh to Rs 10 lakh to encourage small investors to participate in the securities market. According to a circular from the Securities and Exchange Board of India (Sebi), the new rules will take effect on September 1. Small…
RBL Bank shares: Shares of RBL Bank Ltd increased by 3% in early trading after the bank’s board approved raising up to Rs 3,500 crore through qualified institutions placement in one or more tranches, as well as Rs 3,000 crore through the issuance of debt securities on a private placement basis, also in one or…
Stanley Lifestyles IPO: The IPO of Bengaluru-based Stanley Lifestyles concludes today. The ₹537-crore offering from the high-end furniture manufacturer garnered strong interest from retail investors and high-net-worth individuals (HNIs) in the first two days of its opening. The IPO, priced between ₹351 and ₹369 per share, was oversubscribed by 5.22 times. This IPO, having a…
Stocks News: Initial public offerings (IPOs) that launched on the main bourses or SME exchanges during the first half of 2024 have provided strong returns to investors, benefiting from the ongoing rally in the domestic equity market. Vruddhi Engineering Works emerged as the top performer, with its shares soaring 347% to Rs 313.20 on June…
IRFC share price: Indian Railway Finance Corporation Ltd (IRFC) shares, which drew attention following the Q4 results, rose by 3.5 percent in morning trades on Tuesday. The company announced its financial performance for FY24 and Q4 FY24 on Monday, March 20, 2024. Indian Railway Finance Corporation Ltd (IRFC) shares have surged nearly 419% over the…
Manappuram Finance shares: Shares of Manappuram Finance surged by approximately 5 percent to Rs 207 apiece in the afternoon trading session on April 30 following news that its subsidiary, Asirwad Microfinance, has received approval from the Securities and Exchange Board of India (SEBI) to move forward with its initial public offering (IPO). On February 16,…
IREDA shares: IREDA’s stock soared by nearly 13%, reaching an intraday peak of Rs 192.20, following the company’s elevation to Navratna status. In an exchange filing, IREDA announced, “Under Regulation 30 of SEBI (Listing Operations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Department of Public Enterprises (DPE), through its letter dated April…
BSE Ltd’s stock plunged by 19% in Monday’s trading session following a directive from the market regulator Sebi. Sebi instructed BSE to pay regulatory fees based on the annual turnover fee, considering the ‘notional value’ for option contracts. Previously, BSE had been paying regulatory fees based solely on the premium value for option contracts. Furthermore,…
CDSL share price: CDSL shares opened at ₹1,718.55 per on NSE today. Here’s why it’s plummeting. The stock price of Central Depository Services (India) Ltd (CDSL) experienced a decline of more than 6% on March 27 following reports indicating that Standard Chartered Bank plans to divestits whole ownership through a block purchase of the business….
Madhabi Puri Buch, the chairwoman of the Securities and Exchange Board of India (Sebi), announced on Friday that the agency is looking into three examples of purported exaggeration in the number of initial public offers (IPO) subscriptions. At an Association of Investment Bankers of India conclave, the head of Sebi announced that the regulator will…
