Latest business news
(Bloomberg) — After a tumultuous 12 months, it’s no small achievement that the Sohn investment conference returns to Hong Kong on Friday with the better half of last year’s picks having made money. Hedge fund managers will present their ideas at the Sohn Hong Kong Investment Leaders Conference as financial markets gyrate, with global growth…
The Reserve Bank of India (RBI) last week issued a circular introducing an overall cap, barring entities regulated by it from investing more than 15% in alternative investment funds (AIFs). In case of a ₹100 crore fund, banks, cooperative banks, financial institutions and non-bank financial companies (NBFCs) put together cannot invest more than ₹15 crore….
India should set up a centralised oversight mechanism to improve the functioning of quasi-judicial tribunals and unlock huge funds tied up in unresolved disputes, the Confederation of Indian Industry said. CII said in a statement on Sunday that the efficiency of tribunals adjudicating on important areas such as labour, environment, and taxation is critical for…
SBI fundraising: State Bank of India (SBI) announced on Tuesday, May 20, that its board has approved raising up to $3 billion in long-term funds in fiscal 2025-26 (FY26). India’s largest public sector bank (PSB) said that it will raise funds in single or multiple tranches through a public offer or private placement of unsecured…
MUMBAI -India’s markets regulator has threatened two Mauritus-based funds with investments in the Adani Group that they could face penalties and cancellation of licences for not sharing shareholding details despite repeated requests over two years, according to a document reviewed by Reuters. The Adani Group and its 13 offshore investors have been facing an investigation…
April proved to be a good month for the Indian equity markets, as both mutual funds and foreign investors ploughed in significant funds, sending the benchmark indices — Sensex and Nifty — 4% higher. Mutual funds bought ₹17,000 crore worth of stocks in the Indian secondary market, alongside ₹10,400 crore FII buying, showed a report…
(The opinions expressed here are those of the author, a market analyst for Reuters.) NAPERVILLE, Illinois, May 11 (Reuters) – When it comes to Chicago corn futures, speculators typically hold on to heavily bullish corn bets for an extended period. Ditching them after just a few months is unusual. But investors might be bearish heading…
A Mint analysis of mutual fund shareholding data across 1,168 BSE’s large-, mid-, and small-cap shows a clear pivot toward underperforming names with perceived turnaround prospects. Five stocks—TeamLease Services, Happiest Minds Technologies, South Indian Bank, Max Financial Services, and AWL Agri Business—stood out for seeing the steepest surge in institutional interest, despite lagging stock prices….
The capital market regulator also barred the merchant banker involved from taking up new initial public offering (IPO) assignments. In a strongly-worded interim order issued on Tuesday, Sebi accused the two entities (the company and the merchant banker) of gross misuse of investor funds, including routing ₹2 crore to an individual who used the funds…
Stock Market Today: Small-Cap stock gained more than 7% during the intraday trades. Avantel Ltd plans raising funds through rights issue. As per Avantel Ltd, it plans to raise Rs. 80.90 crore through the rights issue. Avantel Ltd Rights issue details Avantel Ltd had intimated the National Stock Exchange of India and the BSE (Bombay…