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Sebi on Wednesday launched a dedicated Foreign Portfolio Investor (FPI) outreach cell to improve and simplify the experience of such investors accessing the Indian securities market. «This cell will focus on direct engagement with Foreign Portfolio Investors (FPIs), and supporting them in accessing the Indian securities market seamlessly,» the Securities and Exchange Board of India (Sebi) said in a statement. The cell operates under Sebi's Alternative Investment Fund and Foreign Portfolio Investors Department (AFD).

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Subscribe to enjoy similar stories. MUMBAI : Whatfix, a business-to-business digital adoption platform, is on track to achieve profitability within the next six months as it prepares for a possible public listing in two years, its co-founder and chief executive Khadim Batti said on Wednesday. The company, which helps enterprises onboard and train employees through software solutions, aims to hit a $100 million revenue run rate over the next 12 months, Batti said.

State Bank of India (SBI), ICICI Bank, pharmaceutical major Famy Care, family offices and high networth individuals (HNIs). Over Rs 300 crore of the funds raised to date have already been committed towards five projects of the Rustomjee Group in some of Mumbai's prime locations and the fund is now exercising its green shoe option with a target of a final close shortly. The identified projects for investments include projects in Bandra West’s Pali Hill and Mt Mary Road, Versova Beach in Andheri West, Dhuruvadi in Prabhadevi and one more in Pali Hill. The Versova Beach and one Pali Hill project have already secured the necessary approvals, with construction in progress and active upward sales.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Waaree Energies, a leading manufacturer of solar photovoltaic (PV) modules in India, is set to launch its initial public offering (IPO) in October. The company received final regulatory approval from the Securities and Exchange Board of India (Sebi) on September 20, 2024, allowing it to proceed with its ambitious fundraising plans.

In a recent speech, Chambers stated that the regulator is adapting its approach to enforcement to «meet evolving threats and maximise the deterrent effect». «We are making our investigations faster and more focused to nip financial crime in the bud and send timely signals to markets and consumers,» she said. A focus on financial crime Chambers highlighted that fighting against financial crime is «key» to securing positive outcomes. She said that reducing and preventing serious harm from financial crime is a focus of the FCA's current strategy and will remain a significant pilla...

In October last year, when the trust's discount stood at nearly 60%, the board proposed a change to the capital allocation policy, with the aim of returning the first £100m of cumulative future realisations to shareholders, subject to it retaining a liquidity buffer.  Under the proposed changes, Chrysalis would maintain a working capital or liquidity buffer of up to £50m to ensure funds are available to support portfolio companies, if needed, as well as to cover fees and other running costs of the business. In a stock exchange notice today (25 September), the trust said the debt facil...

Shriram Finance has raised $500 million by selling a three-and-a-half-year fixed rate dollar bond at 6.15% to investors across the globe. Strong investor demand helped the company price the bond much lower than initial guidance of 6.50%. «We saw demand of more than $1.5 billion which helped squeeze the pricing at the lower end of the band ultimately. Shriram is a known name in the overseas market so it is possible that they will look at another issue soon,» said a person familiar with the transaction.

KRN Heat Exchanger which opened for subscription earlier today, sailed through on the first day of the bidding process. The issue has been subscribed 7.5 times so far, driven by strong demand from the non-institutional investors. As of noon, the issue was subscribed by 14.75 times by the NIIs while the retail category had subscribed the issue by 8.8 times. Meanwhile, the qualified institutional buyers (QIBs) attracted bids of 34,710 shares against the 31,07,455 reserved for them.

Being highly volatile, it is easy to miss meme coins when they are cheap and accessible. Most meme coin investors are stuck in regret.

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

Lupin Ltd. gained 0.37 per cent to Rs 2222.5 in Wednesday's trade as of 10:29AM (IST). The stock hit a high price of Rs 2229.0 and low of Rs 2213.75 during the session.

FLOCKERZ, a newly launched decentralized project, is redefining the meme coin sector with its Vote-to-Earn mechanism. The project has gained attention during its presale phase, raising over $260,000.

Rajat Sharma, Founder & CEO, Sana Securities, says stick to largecaps, stick to stocks where you still see value, be prepared to take a 10-15% dip because even if it happens, it is going to bounce back really sharply. Further, Sharma says he likes FMCG stocks like ITC, Britannia, and Dabur where he sees a lot of value. Earlier, he used to find private banks really expensive. But right now, he thinks Axis Bank and HDFC Bank make a very compelling case to buy. What are you making of the market right now, given the global construct – not just the Fed rate cut, but the measures from China as well earlier this morning and now our stint with Peak 26,000 and then straight away an 80-point fall from there? Rajat Sharma: Compared to the way markets have gone up, 80-100 points move is just a blip. These days when I talk to clients and when I invest money, I tell them upfront that 10% to 15% correction from here should not bother you and if it does, then wait before you get into the markets because since April, the markets have run up quite aggressively. We were trading at a multiple of around 22 that time, now we are trading at a trailing multiple of 24 and this is after four years back, we changed how we calculate the price earnings from standalone to consolidated.

Muhammad Yunus, stressed on the urgent need for the repatriation of Rohingyas during a high-level meeting at an event on the sidelines of the 79th United Nations General Assembly in New York on Tuesday. During the high-level UN event in New York, on the Rohingya crisis, Yunus highlighted the significant challenges that Bangladesh has been facing due to the presence of over 1.2 million displaced Rohingyas from Myanmar. Yunus pointed out that while Bangladesh has shown empathy in hosting the Rohingyas, the costs associated with this situation--social, economic, and environmental--are considerable. He emphasised that Bangladesh has reached its limits, adding that repatriation remains the only sustainable solution to the ongoing crisis.

Gold prices were steady near record highs on Wednesday, as a weaker dollar and an escalated conflict in the Middle East lifted bullion's safe-haven appeal, while investors braced themselves for new signals on the U.S. interest rate trajectory. FUNDAMENTALS

Sensex rising above 85,000 and Nifty breaking 26,000 on Tuesday. Nifty made a new all-time high for the fifth consecutive session amid continued buying in index heavyweights. «Nifty crossed 1000 points in 38 trading sessions supported by positive domestic cues, healthy FIIs, and the start of the rate cut cycle by the US Fed. We expect the ongoing momentum to continue in the market with sectorial rotation. Investors would watch out for US Consumer Confidence data,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal.