The IPO rules for very large firms have been eased, granting a timeline of up to 10 years to meet minimum public shareholding requirements. Minimum shareholding norm for large companies eased by Sebi Capital market regulator Sebi has relaxed the minimum public shareholding norms for big corporates going for an IPO, at the board…
Spot gold was up 0.7% at $3,469.84 per ounce by 1049 GMT, its highest since April 22 when it touched a record-high of $3,500.05 The US dollar was trading near its lowest since July 28 against rivals, making greenback-priced bullion cheaper for overseas buyers. Gold hit a more than four-month high on Monday to…
Weekly options data suggest that the Nifty 50 is expected to trade in the 24,500–24,800 range in the upcoming sessions. Nifty Outlook for August 14 The Nifty 50 rebounded and witnessed a sustainable upside throughout the session, recouping all of its previous day’s losses and closing half a percent higher on August 13, ahead…
SEBI examining the timing of trades by these six officials to ascertain whether the sales violated regulations, the report said Investigations are in preliminary stages and show cause notices to the individuals and to the bank have not yet been sent. Reuters India’s markets regulator is investigating six IndusInd Bank officials for insider trading to determine if…