Bajaj Finserv, the holding company of the consumer finance and insurance business of Bajaj group, got SEBI approval to sponsor a mutual fund AMC. The next steps for Bajaj Finserv would be to put in place a full-fledged asset management company as wel

Foreign direct investment or FDI in the proposed LIC IPO may be permitted as a special case. To begin with, Indian government permits FDI in insurance up to 74 under the automatic route. Only if the FDI is above 74, the matter is referred to the Ca

Ace stock market investor Rakesh Jhunjhunwala has bought 1.59 stake in Canara Bank as per data from BSE. As per data filed on the stock exchange portal, Jhunjhunwala, widely known as ‘Big Bull’ has bought 2,88,50,000 shares of the publi

On 23 August, the NSE Index committee made some significant changes to the criteria and the composition of the various capitalization indices and sectoral indices. There are two very significant shifts that the Index Committee has made in the index c

On 24th August, Aptus Value Housing listed at a discount of -5.67, but the stock managed to recoup losses by close. Both the NSE and BSE are showing positive returns on Aptus Value Housing but that is misleading because the exchanges consider return

On 24th August, Chemplast Sanmar listed at a marginal premium of 1.66 on NSE, but later slipped into a discount. The stock could not hold on to the premium listing as selling pressure piled up through the day. The overall subscription of 2.

On 17th August, RBI lifted the ban on HDFC Bank pertaining to issue of credit cards. In December 2020, RBI had imposed a ban on HDFC Bank issuing new credit cards as well as launching new digital initiatives. This was following constant complaints fr

On 23rd August, Nuvoco Vistas listed at a discount of -15, but the stock managed to bounce back. Both the NSE and BSE are showing positive returns on Nuvoco Vistas but that is misleading because the exchanges consider returns from the opening price.

In the last quarter, almost all realty companies have shown positive vibes in terms of demand pick-up. While revenge buying has been one factor, the more important factor has been home loan rates are at the lowest in history. Most home buyers are see

The COVID 2.0 may have impacted the manufacturing operations across major sectors. However, the second round of pandemic had little impact on the start-up fundraising scenario in India. On the other hand, the start-ups raised 71 more in the Jun-21 q

Even as the markets are speculating over the size and timing of the LIC IPO, there are three insurance IPOs that have already filed their DRHPs with SEBI and their IPOs are expected to hit the market during 2021. What is more interesting is that the

Ace stock market investor Mukul Agrawal added four companies to his personal portfolio and bought additional shares of at least six companies during the quarter ended June 30, 2021, according to shareholding disclosures. The man behind Param Cap