Sebi tweaks framework for online bond platform providers

Sebi tweaks framework for online bond platform providers

Friday, 29 December 2023 | PTI | New Delhi

Capital markets regulator Sebi on Thursday tweaked the regulatory framework for Online Bond Platform Providers (OBPPs) to enhance the ease of doing business. This came after Sebi received representations from stock exchanges and market participants, including online bond platforms. “The proposed modifications shall aid in ease of doing business for OBPPs,”...

Companies raise nearly Rs 9,000 crore in December IPO rush

Thursday, 28 December 2023 | PTI | Mumbai

As many as 12 companies raised Rs 8,931.69 crore through initial share sales this month, making it the best IPO month in two years. The previous best was December 2021, when 11 companies mopped up Rs 9,534 crore through Initial Public Offerings (IPOs). As per an analysis, 12 companies hit the market...

Majority prefer banks to park savings, 21 per cent in gold: Survey

Thursday, 28 December 2023 | PTI | new delhi

The affinity of Indians for gold and traditional bank deposits remain unwavering as about 77 per cent of respondents preferred to safeguard their earnings through bank deposits and 21 per cent choose to invest in gold in 2023, according to a survey. The Money9 annual personal finance pulse survey indicated a...

Gold rises Rs 100; silver plunges Rs 350

Thursday, 28 December 2023 | PTI | new delhi

old prices rose Rs 100 to Rs 63,850 per 10 grams in the national capital on Wednesday amid a bullish trend in the global markets, according to HDFC Securities. In the previous close, the precious metal had closed at Rs 63,750 per 10 grams. However, silver plunged Rs 350 to Rs 79,100...

Suzlon bags two wind energy orders

Thursday, 28 December 2023 | PTI | new delhi

Renewables solutions provider Suzlon has bagged two separate wind energy orders of 100.8 MW each from Mahindra Susten and an Indian arm of a leading nordic energy company. Suzlon will install 48 units of their S120 - 140m wind turbine generators (WTGs) with a Hybrid Lattice tubular (HLT) tower and a...

P-Note investments surge to Rs 1.31 lakh crore in November

Thursday, 28 December 2023 | PTI | new delhi

Investments through participatory notes in the Indian capital markets jumped to Rs 1.31 lakh crore by the end of November, bouncing back from a decline in the previous month, owing to the robust performance of the domestic market. Before registering a decline in October, investments through P-notes have been increasing continuously...

Sensex scales 72k peak for first time

Thursday, 28 December 2023 | PTI | Mumbai

Sensex and Nifty soared to fresh closing record highs on Wednesday, with the 30-share benchmark index crossing the historic 72,000 mark, boosted by optimism over the country’s macroeconomic fundamentals and firm global market trends. Reflecting broader investor bullishness, the 50-share index surged to a record high of 21,654.75 on intense buying...

Broad base fundraising, reduce dependence on banks: RBI to NBFCs

Thursday, 28 December 2023 | PTI | Mumbai

The Reserve Bank on Wednesday asked non-bank finance companies to broad-base their fundraising to limit reliance on banks as it called for strengthening balance sheets and guarding against frauds and data breaches. According to the report ‘Trend and Progress of Banking in India 2022-23’ released by the RBI, the Indian banking...

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