• Zomato IPO will test Indian investors' unicorn appetite: Analyst's note 12 May 2021 08:19 Zomato’s initial public offering will test Indian investors’ appetite for unicorns, as the food delivery aggregator operates in a competitive market, said a note by Anand Rathi Research. Food consumption in India was about $670 billion in 2019--driven by …
  • Mutual benefit 12 May 2021 05:12 Good evening, Groww is looking to buy the mutual funds arm of IndiaBulls’ asset management business, which would allow the fintech unicorn to create and manage its own mutual funds. Also in this letter: 📱 WhatsApp WILL limit features over new policy 💉 …
  • Loan rangers 12 May 2021 05:10 Good morning, The RBI will soon release draft rules for banks and non-banking financial institutions that will hold them accountable for the loan apps they partner with. It’s part of a wider effort to reign in unscrupulous loan apps, many from China, that …
  • Sensex Drops Over 300 Points; Nifty At 14,763 12 May 2021 05:05 Indian shares fell notably on Wednesday, tracking weak cues from global markets as inflation worries prevailed. The benchmark S&P BSE Sensex dropped 309 points, or 0.6 percent, to 48,852 in early trade, while the broader NSE Nifty index was down 88 …
  • ETMarkets Morning Podcast: Shivanand Mankekar returns to Dalal Street after years 12 May 2021 04:28 Good Morning. Shivanand Mankekar returns to Dalal Street after years FIIs raise bearish bets in Nifty and Bank Nifty Sebi proposes new definition for company promoters Investors’ appetite for undervalued stocks pumps up PSUs Hi there. Welcome to ETMarkets …
  • SEBI pitches for ‘person in control’ over ‘promoter’ 11 May 2021 23:52 Markets regulator SEBI on Tuesday proposed to rationalise the definition of ‘promoter group’ and move to the concept of ‘person in control’ as well as lower the minimum lock-in periods for promoters and other shareholders after an IPO. In a consultation …
  • Pledged BSE 500 stocks’ value shrinks to Rs 1.6 lakh crore 11 May 2021 23:11 Representative imageMUMBAI: Value of pledged promoter holdings fell to its lowest in recent quarters as controlling investors released shares offered as collateral after repaying loans taken by them. Promoters of Adani Ports, Asian Paints, Tata Motors, …
  • Groww inks deal to acquire Indiabulls’ mutual fund biz for Rs 175cr 11 May 2021 21:58 Online investment platform, Groww will acquire Indiabulls Asset Management Company from Indiabulls Housing Finance for a consideration of Rs 175 crores. The sale of Indiabulls AMC will be limited only to the Mutual Fund business, while the Alternate …
  • Mobile phone production down 50% amid a relentless second Covid-19 wave 11 May 2021 21:20 Localised lockdowns, a semiconductor shortage, and a surge in Covid-19 cases at factories have led to a slowdown in mobile phone manufacturing and sales in April-May, heads of several companies told Business Standard. Industry veterans such as S N Rai, co- …
  • Redefining corporate ownership: SEBI prefers ‘controlling shareholders’ to ‘promoters’ 11 May 2021 19:07 In a move with implications for many corporate houses, market regulator SEBI proposes to shift focus from promoters to controlling shareholders in a company. SEBI said the nature of ownership of companies is changing with private equity and institutional …
  • Sebi amends AIF norms, provides start-up definition 11 May 2021 18:49 NEW DELHI: Markets regulator Sebi has rationalised the definition of venture capital undertaking in order to give flexibility to venture capital funds registered under alternative investment funds (AIFs) in making investments. The regulator has amended …
  • PC Jeweller case: Sebi fines, bars 4 individuals, 1 entity from securities mkt 11 May 2021 18:49 NEW DELHI: Sebi on Tuesday imposed a total fine of Rs 1 crore on four individuals and an entity as well as barred them from the securities market for one year in a case of alleged insider trading activities in the shares of . Besides, they have been …
  • Socially relevant 11 May 2021 18:04 With the technical group set up by the Securities and Exchange Board of India (SEBI) submitting its report on establishing a social stock exchange (SSE), it is hoped that the regulator will move fast in setting it up. The wide-ranging report has managed to …
  • PC Jeweller case: Sebi bars 4 individuals, 1 entity from securities mkt 11 May 2021 18:01 Sebi on Tuesday imposed a total fine of Rs 1 crore on four individuals and an entity as well as barred them from the securities market for one year in a case of alleged insider trading activities in the shares of PC Jeweller. Besides, they have been …
  • Groww to acquire Indiabulls Mutual Fund for Rs 175 crore 11 May 2021 15:27 By PTI MUMBAI: In the first such deal since regulations allowed fintech firms to own asset management companies, online investment platform Groww on Tuesday announced it will fully acquire Indiabulls Mutual Fund for Rs 175 crore. Groww's co-founder and …
  • Sebi plans to ease post-IPO lock-in for promoters, amend key definition 11 May 2021 15:08 The Securities and Exchange Board of India (Sebi) on Tuesday proposed to liberalise the so-called issue of capital and disclosure requirements (ICDR) by easing lock-in requirements for promoters and rationalising the definition ‘promoter group’. The …
  • Fintech firm Groww enters Rs 32-trillion MF space with Indiabulls purchase 11 May 2021 15:03 Groww, a fast-growing technology-oriented investment platform, has signed an agreement with Indiabulls Housing Finance (IBHFL) to acquire Indiabulls Asset Management Company and Trustee Company for consideration of Rs 175 crore (including cash and cash …
  • Sebi makes dividend distribution policy must for top 1,000 listed cos 11 May 2021 14:46 To strengthen corporate governance practices and disclosure requirements, Sebi has notified new rules. File photo: BCCLNEW DELHI: To strengthen corporate governance practices and disclosure requirements, Sebi has notified new rules, including that top 1, …
  • Groww to acquire Indiabulls MF for ₹175 cr 11 May 2021 14:17 Groww, one of the leading investment platforms, has signed a definitive agreement with Indiabulls Housing Finance to acquire Indiabulls Mutual Fund for ₹175 crore (including cash and cash equivalent of ₹100 crore). The sale of Indiabulls Asset Management …
  • SEBI proposes rationalising 'promoter group' definition'; moots 'person in control' concept 11 May 2021 13:40 By PTI NEW DELHI: Markets regulator SEBI on Tuesday proposed to rationalise the definition of 'promoter group' and move to the concept of 'person in control' as well as reduce the minimum lock-in periods for promoters' and other …
  • Blackstone-backed Sona Comstar receives Sebi nod for Rs 6,000 crore IPO 11 May 2021 11:25 NEW DELHI: Blackstone-promoted Sona BLW Precision Forgings on Tuesday received capital markets regulator Sebi's approval to float initial public offering (IPO) share-sales. The company plans to raise Rs 6,000 crore. The public offer comprises a fund …
  • Groww to acquire Indiabulls MF for Rs 175 crore 11 May 2021 10:47 Online investment platform Groww on Tuesday announced that it will be acquiring Indiabulls Mutual Fund for a total consideration of Rs 175 crore. The digital platform will acquire Indiabulls Asset Management Company (IBAMC) and the trustee company for Rs …
  • Medi Assist files initial papers for IPO 11 May 2021 10:43 Bengaluru-based healthtech and insurtech company Medi Assist Healthcare Services has filed early papers with market regulator for an initial public offering (IPO) which will be through an entire offer for sale (OFS). The offer is being made through the …
  • Sona Comstar receives SEBI nod for ₹6,000 crore IPO 11 May 2021 10:43 PE firm Blackstone-promoted automotive supplier Sona BLW Precision Forgings Ltd has received capital markets regulator’s approval for its ₹6,000-crore initial public offering (IPO). The public offer comprises a fundraise through the issuance of new shares …
  • Groww to acquire Indiabulls Mutual Fund business for Rs 175 crore 11 May 2021 10:33 Mumbai: Online investment platform Groww, backed by funds such as Sequoia Capital and Tiger Global, has signed an agreement with to acquire its asset management company for Rs 175 crore, paving the way for the Bengaluru-based fintech startup to enter the …
  • Groww to acquire Indiabulls Housing Fin’s MF business 11 May 2021 10:30 BENGALURU : Nextbillion Technology Pvt. Ltd, which operates wealth management platform Groww, has entered into a definitive agreement with Indiabulls Housing Finance Ltd (IBHFL) to acquire the mutual fund business of its subsidiaries Indiabulls Asset …
  • Online investment platform Groww to acquire Indiabulls MF for Rs 175 cr 11 May 2021 10:17 Online investment platform Groww on Tuesday announced that it will be acquiring Indiabulls Mutual Fund for a total consideration of Rs 175 crore. The digital platform will acquire Indiabulls Asset Management Company (IBAMC) and the trustee company for Rs …
  • Medi Assist Healthcare Services files IPO papers with Sebi 11 May 2021 09:24 NEW DELHI: Medi Assist Healthcare Services has filed preliminary papers with capital markets regulator Securities and Exchange Board of India (Sebi) to float an initial share-sale. The initial public offer (IPO) is entirely an offer of sale of up to 28,028 …
  • Intrinsic value Rs 4 lakh, CMP Rs 15, grey market price Rs 85K: Grab this stock if you can 11 May 2021 07:13 Most stocks on Dalal Street may be looked overvalued, but there is no dearth of underpriced stocks too! Among them, one is trading at a negligible price compared with its book value. The current market price of the stock is Rs 14.74 on BSE. But in the …
  • Hyderabad: Amitabh Chaturvedi quits as Karvy group CEO 11 May 2021 06:15 ChaturvediMUMBAI/HYDERABAD: Amitabh Chaturvedi, a veteran of the banking & financial services industry who was brought in to steady the ship at scam-hit Karvy Group as its CEO for financial services operations, has put in his papers. Chaturvedi had …
  • Zomato IPO will test Indian investors' unicorn appetite: Analyst's note 12 May 2021 08:19 Zomato’s initial public offering will test Indian investors’ appetite for unicorns, as the food delivery aggregator operates in a competitive market, said a note by Anand Rathi Research. Food consumption in India was about $670 billion in 2019--driven by …
  • Mutual benefit 12 May 2021 05:12 Good evening, Groww is looking to buy the mutual funds arm of IndiaBulls’ asset management business, which would allow the fintech unicorn to create and manage its own mutual funds. Also in this letter: 📱 WhatsApp WILL limit features over new policy 💉 …
  • ChipMOS Technologies Ltd (IMOS) Q1 2021 Earnings Call Transcript 12 May 2021 05:03 Image source: The Motley Fool. ChipMOS Technologies Ltd (NASDAQ:IMOS) Q1 2021 Earnings Call May 11, 2021, 3:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the ChipMOS First …
  • Market may open marginally down 12 May 2021 04:29 Indian markets are expected to open only marginally down on Wednesday despite bearish signal from the US and Asian markets. The SGX Nifty, which currently rules at 14,846 (8 am IST) on the Singapore Stock Exchange, signals a 30-point gap-down opening for …
  • AGI Reports Earnings of $39 Million in First Quarter, Up 52% From Year Ago 12 May 2021 00:39 Winnipeg, MB, May 11, 2021 – Ag Growth International Inc. (TSX: AFN) (“AGI”, the “Company”, “we” or “our”) today announced its financial results for the three-months ended March 31, 2021. First Quarter 2021 Highlights Consolidated trade sales increased 12% …
  • SEBI pitches for ‘person in control’ over ‘promoter’ 11 May 2021 23:52 Markets regulator SEBI on Tuesday proposed to rationalise the definition of ‘promoter group’ and move to the concept of ‘person in control’ as well as lower the minimum lock-in periods for promoters and other shareholders after an IPO. In a consultation …
  • Socially relevant 11 May 2021 18:04 With the technical group set up by the Securities and Exchange Board of India (SEBI) submitting its report on establishing a social stock exchange (SSE), it is hoped that the regulator will move fast in setting it up. The wide-ranging report has managed to …
  • Sebi plans to ease post-IPO lock-in for promoters, amend key definition 11 May 2021 15:08 The Securities and Exchange Board of India (Sebi) on Tuesday proposed to liberalise the so-called issue of capital and disclosure requirements (ICDR) by easing lock-in requirements for promoters and rationalising the definition ‘promoter group’. The …
  • Fintech firm Groww enters Rs 32-trillion MF space with Indiabulls purchase 11 May 2021 15:03 Groww, a fast-growing technology-oriented investment platform, has signed an agreement with Indiabulls Housing Finance (IBHFL) to acquire Indiabulls Asset Management Company and Trustee Company for consideration of Rs 175 crore (including cash and cash …
  • Sebi makes dividend distribution policy must for top 1,000 listed cos 11 May 2021 14:46 To strengthen corporate governance practices and disclosure requirements, Sebi has notified new rules. File photo: BCCLNEW DELHI: To strengthen corporate governance practices and disclosure requirements, Sebi has notified new rules, including that top 1, …
  • SEBI proposes rationalising 'promoter group' definition'; moots 'person in control' concept 11 May 2021 13:40 By PTI NEW DELHI: Markets regulator SEBI on Tuesday proposed to rationalise the definition of 'promoter group' and move to the concept of 'person in control' as well as reduce the minimum lock-in periods for promoters' and other …
  • Nikkei tanks over 3% as Japan shares end lower on tech sell-off, pandemic worries 11 May 2021 10:47 TOKYO: Japanese shares tumbled on Tuesday, dragged down by technology stocks tracking overnight Wall Street losses, while domestic cyclical stocks also fell on concerns around the nation's worsening situation of the pandemic. The Nikkei share average …
  • Groww to acquire Indiabulls Mutual Fund business for Rs 175 crore 11 May 2021 10:33 Mumbai: Online investment platform Groww, backed by funds such as Sequoia Capital and Tiger Global, has signed an agreement with to acquire its asset management company for Rs 175 crore, paving the way for the Bengaluru-based fintech startup to enter the …
  • Groww to acquire Indiabulls Housing Fin’s MF business 11 May 2021 10:30 BENGALURU : Nextbillion Technology Pvt. Ltd, which operates wealth management platform Groww, has entered into a definitive agreement with Indiabulls Housing Finance Ltd (IBHFL) to acquire the mutual fund business of its subsidiaries Indiabulls Asset …
  • Building Materials Skyrocket; How Much Higher Can Lumber, Copper, Iron... 11 May 2021 09:36 First it was lumber. Then copper. Now, it’s iron ore. Price pressures in building materials are just skyrocketing in the United States as an economy rip-roaring in its recovery from COVID-19 sets up an inflationary environment possibly not even seen after …
  • Medi Assist Healthcare Services files IPO papers with Sebi 11 May 2021 09:24 NEW DELHI: Medi Assist Healthcare Services has filed preliminary papers with capital markets regulator Securities and Exchange Board of India (Sebi) to float an initial share-sale. The initial public offer (IPO) is entirely an offer of sale of up to 28,028 …
  • Westport Fuel Systems Inc. (WPRT) Q1 2021 Earnings Call Transcript 11 May 2021 07:15 Image source: The Motley Fool. Westport Fuel Systems Inc. (NASDAQ:WPRT) Q1 2021 Earnings Call May 07, 2021, 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Thank you for standing by. This is the …
  • SGX Nifty indicates 200 points decline for Nifty 11 May 2021 07:15 Indian markets are expected to open bearish on Thursday, amidst concern over Covid impact and weak global cues. The SGX Nifty, which currently rules at 14,783 (8 am IST) on the Singapore Stock Exchange, indicates at least 200 points gap-down opening for …
  • SEBI’s sustainability reporting norms mandate ESG overview 10 May 2021 23:59 The Securities and Exchange Board of India (SEBI) on Monday issued a circular notifying new disclosure norms on sustainability related reporting for the top 1,000 listed companies by market cap by FY23. Such a reporting will now be under a new business …
  • Velodyne Lidar Reports First Quarter 2021 Financial Results 10 May 2021 22:02 SAN JOSE, Calif., May 10, 2021 (BUSINESS WIRE) -- Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW), the first pure-play public lidar company, today announced financial results for its first quarter ended March 31, 2021. Business and Financial Metrics Units and …
  • Viatris Inc (VTRS) Q1 2021 Earnings Call Transcript 10 May 2021 21:17 Image source: The Motley Fool. Viatris Inc (NASDAQ:VTRS) Q1 2021 Earnings Call May 10, 2021, 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning, my name is Laurie, and I'll be your …
  • Global cues, Q4 lifts equities; metal stocks shine (Roundup) 10 May 2021 15:52 India’s benchmark equity indices closed higher for the fourth straight session on Monday on the back of strong buying support for metal, pharma and auto stocks. The two indices had a gap up opening on the back of strong global cues and lower number of new …
  • IndiGo's board approves raising 10 May 2021 15:15 NEW DELHI : The board of directors of InterGlobe Aviation Limited, which operates the country's largest domestic airline IndiGo has approved raising upto ₹3,000 crore through a Qualified Institutions Placement (QIP) process, the company said in a stock …
  • Sebi proposes segregation and monitoring of collateral at client level 10 May 2021 15:04 The Securities and Exchange Board of India (Sebi) has proposed segregation and monitoring of collateral at client level to ensure protection of investors’ collateral. “In the past, there have been instances of misuse of client collateral by trading member. …
  • Sebi defers diktat to monitor foreign holding in DRs till further notice 10 May 2021 14:19 The Securities and Exchange Board of India (Sebi) has put on hold the implementation of the diktat requiring custodians to monitor foreign holding in depository receipts (DRs). The new norms, which became applicable from April 1 and were postponed by a …
  • Viatris Inc. Reports Strong First Quarter 2021 Financial Results, Reaffirms 2021 Guidance and Announces Inaugural Quarterly Dividend 10 May 2021 12:10 PITTSBURGH, May 10, 2021 /PRNewswire/ -- Reports First Quarter 2021 Financial Results - Total Revenue of $4.4 billion, U.S. GAAP net loss of $1.0 billion, Adjusted EBITDA of $1.6 billion, U.S. GAAP net cash provided by operating activities of $849 …
  • Nifty may kiss 15000 again 10 May 2021 06:53 Indian markets are expected to open higher on Monday, thanks to positive global cues. The SGX Nifty, which currently rules at 15,006 (8 am IST) on the Singapore Stock Exchange, indicates at least 130 points gap-up opening for Nifty futures, which on Friday …
  • Stocks to watch: Avenue Supermarts, Bandhan Bank, Hero Moto, UltraTech 10 May 2021 03:21 Nifty futures on the Singapore Exchange traded 130 points higher at 14,998, indicating a gap-up start for the benchmark indices on Monday. Here are the top stocks to track in today's session: Earnings Today: Twenty-two firms are slated to post their …