Category: Finance
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“SEBI Introduces New AIF Norms on Dissolution Period and Distribution Regulations”
To enhance the efficiency of the liquidation process, the Securities and Exchange Board of India (SEBI) has introduced new regulations that govern Alternative Investment Funds (AIFs) during the dissolution and asset distribution stages. The updated rules require AIF schemes that are nearing dissolution to submit an information memorandum through a designated merchant banker before the…
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Govt’s Cooperative Policy:- Multipurpose PACS for Two Lakh Panchayats Within Five Years !
Union Home and Cooperative Minister Amit Shah announced that a new cooperative policy will be introduced by the government within the next month. Additionally, he mentioned plans to establish two lakh multipurpose PACS in two lakh panchayats across the country over the next five years. These statements were made during his address at the “Sahkar…
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Why is HDFC Bank Stock Falling Today? Nomura Shares Target Price Analysis !
HDFC Bank Ltd, the third most valuable stock in India, experienced a significant decline on Friday, with a decrease of over 4 per cent resulting in a loss of Rs 53,000 crore in market capitalization. This drop was attributed to the lender’s business update for the June quarter, specifically regarding loans and advances as well…
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“KMIL Clarifies: Hindenburg Was Never a Client or Investor of the Firm”
KMIL and KIOF have clarified that Hindenburg has never been a client or investor with them. The spokesperson for KMIL stated that the fund was not aware of any partnership with Hindenburg. Additionally, KMIL has received confirmation from the fund’s investor that investments were made independently. KIOF, a Sebi-registered foreign portfolio investor based in Mauritius,…
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SEBI Notice Sparks Controversy: Kotak Bank Fund and Hindenburg’s Alleged Short-Selling Against Adani !
Hindenburg Research criticized India’s markets regulator for its failure to address the alleged fraud in a report on the Adani Group last year. The short-seller claimed to have made gains of over $4 million during the market turmoil that followed the release of the report. According to Hindenburg, the Securities and Exchange Board of India…
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AP Government Boosts NTR Bharosa Pension: Enhanced Benefits for Senior Citizens !
The recently elected government of Andhra Pradesh has declared an increase in the monthly pension for senior citizens from Rs 3,000 to Rs 4,000 under the NTR Bharosa Pension scheme. This scheme was previously known as the YSR Pension Kanuka Scheme. The beneficiaries will receive the raise retrospectively starting in May. The NTR Bharosa Pension…
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“RBI Monetary Policy LIVE Updates: Repo Rate Steady at 6.5%; FY25 GDP Growth Forecast Raised to 7.2%”
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has announced its decision to maintain the repo rate at 6.5 percent for the eighth consecutive time. This decision was made with a majority vote of 4-2. In order to align inflation with the RBI’s target, the MPC has chosen to continue with…
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“SEBI Mandates KRAs to Update KYC Information on Central KYC Records Registry”
The Securities and Exchange Board of India (Sebi) has taken a step towards simplifying the Know Your Customer (KYC) process by instructing KYC Registration Agencies (KRAs) to integrate their systems with the Central KYC Records Registry (CKYCRR) and commence uploading verified KYC information of clients from August 1, 2024. Previously, market intermediaries such as stock…
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“Share Market Highlights June 04, 2024: Sensex, Nifty Plummet 6% on Election Results Day; PSU Stocks Slide; Adani Ports and Enterprises Lead Declines”
AVP Technical’s Hrishikesh Yedve on election results’ impact on markets: On June 4, 2024, the Indian stock markets experienced a significant decline, marking the steepest fall since March 2020. This was primarily due to the initial trend indicating that the BJP had won fewer seats than predicted in the exit polls, causing a sense of…
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“Mid-day Market Surge: Sensex, Nifty Reach New Highs on Bank, IT Gains; VIX Climbs 5%”
Around noon on May 27, the Nifty and Sensex reached new highs, driven by the banking and IT sectors. Leading the gains were HDFC Bank, Divi’s Lab, and ICICI Bank, which made significant contributions to the Nifty 50. Divi’s Lab shares experienced the highest increase on the Nifty 50, trading over 4 percent. This surge…