Page 2 - Capital Markets

Weak revenue, high capital outlays to keep States' debt at decadal high

The aggregate indebtedness of states, is expected to remain elevated at 30-31 per cent this fiscal, almost similar to 31.5 per cent of last fiscal, Crisil report said

The stealth bull market

With the benefit of hindsight, India's stealth bull market is underpinned by some strong positives. The most important of these is earnings growth across different sectors

Morgan Stanley plans fresh round of layoffs globally in coming weeks

Some cuts will come from capital markets teams in Hong Kong and mainland China, and most of the rest are expected to be from other teams focusing on China business, both onshore and offshore

PNB Q2 net profit slips 63% to Rs 411.3 crore as NPA provisions rise

PNB's total income during July-September 2022 was Rs 23,001.3 crore as against Rs 21,262.3 crore a year ago

Capgemini acquires Quorsus to boost capital markets service offerings

Technology services major Capgemini on Monday acquired Quorsus, a UK-based firm specializing in consultancy services to financial institutions, for an undisclosed sum

IKIO Lighting files papers with Sebi to mop-up funds through IPO

Manufacturer of LED lighting solutions IKIO Lighting Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue of equity shares worth up to Rs 350 crore and an offer-for-sale (OFS) of up to 75 lakh equity shares by promoters -- Hardeep Singh and Surmeet Kaur, according to the draft red herring prospectus (DRHP). Proceeds from the fresh issuance worth Rs 50 crores will be used for debt payment, Rs 236.68 crore will be used in the company's wholly-owned subsidiary, IKIO Solutions, to set-up a new facility at Noida, Uttar Pradesh, and for general corporate purposes. IKIO Lighting is a manufacturer of light emitting diode (LED) lighting solutions. It is primarily an original design manufacturer (ODM) and designs, develops, manufactures and supplies products to customers who then further distribute these products under their own brands. It has four manufacturing facilities with one loca

Govt to raise Rs 2,500 crore for three road projects through capital market

The government will approach the capital market this month to raise around Rs 2,500 crore to fund three road projects, a senior official said on Monday. The money will be raised through Infrastructure Investment Trusts (InvITs), the government official added. "We will be approaching the capital market this month to raise around Rs 2,500 crore for the three road projects," he told PTI on the condition of anonymity. Infrastructure Investment Trusts (InvITs) are instruments on the pattern of mutual funds, designed to pool money from investors and invest in assets that will provide cash flows over a period of time. Last year, the National Highway Authority of India's first infrastructure investment trust raised more than Rs 5,000 crore. "NHAI InvIT attracted two international pension funds, Canadian Pension Plan Investment Board and Ontario Teachers' Pension Plan Board, which along with diversified DIIs invested units worth more than Rs 5,000 crore in InvIT portfolio, which has curren

Sebi bars entities, individuals for unauthorised advisory services

Capital markets regulator Sebi has barred two individuals and two entities from the securities markets for providing investment advisory services without the regulator's authorisation. The regulator has restrained Mahankal Capital, its proprietor Ajay Thakur, Money Capital Investment and its proprietor Vijay Thakur from securities markets for six months. The direction came after complaints against 15 entities, who were allegedly involved in the activities of rendering investment advisory for the period April-November 2019 without obtaining requisite registration from the market watchdog. Sebi conducted an examination in the matter and issued an ad interim ex-parte order dated February 07, 2020, against the entities and directed them to cease and desist from holding out/acting as an investment advisor and further prohibited them from the securities markets until further orders. The regulator found that both the entities and their proprietors were engaged in providing investment ...

Citigroup sets India as high priority market amid rising China risks

The nation saw a record $82 billion in merger and acquisition deals in the second quarter, defying a slump elsewhere

Canara Bank, PNB likely to issue Rs 3,000-crore AT1 bonds this week

AT1 issuances are likely to cross Rs 20,000 crore mark as banks rush to tap capital markets

Sebi proposes regulatory framework for online bond platforms

Capital markets regulator Sebi on Thursday proposed a regulatory framework for the online bond platforms that are selling listed debt securities. Under the proposal, bond platforms should register as stock brokers (debt segment) with the Securities and Exchange Board of India (Sebi) or be run by Sebi-registered brokers, according to a consultation paper. This will also enhance the confidence among investors, particularly non-institutional investors, as the platforms would be provided by Sebi-regulated intermediaries. Additionally, the stock-broker regulations will be applicable to these entities, which would govern their code of conduct and other aspects related to their operations and risk management. "The debt securities offered for buy/ sale by the online bond platforms shall be only listed debt securities," Sebi proposed. It has been proposed that listed debt securities issued on a private placement basis, offered for sale on bond platforms should be locked in for a period of

Govt will tap capital markets to fund road projects: Nitin Gadkari

The minister further said despite fears of global recession, there is no problem in funding infrastructure sector projects.

IndiaFirst Life Insurance selects bankers for IPO expected later this year

IndiaFirst will be the fourth private sector life insurer to get listed on the bourses

Sebi asks bourses, depositories to launch online complaint redressal system

To enable investors to lodge their complaints and track the status of redressal of such grievances, capital markets regulator Sebi on Monday asked exchanges to launch a complaints redressal forum

Why LRS route for investing in capital markets abroad is mainly for HNIs

Those with small amounts should skip it owing to high costs and elaborate tax-related compliances

UPL pays Rs 19.5 lakh to settle auditor appointment case with Sebi

The company settled the proceedings initiated against it after paying Rs 19.5 lakh towards settlement charges

Investment bankers see 58% decline in earnings, shows data

Most companies had to hit pause on their fund-raising plans amid a sharp fall in the stocks, more so for those in the broader market.

American lender Citi to hire 80 commercial bankers in India in 3 years

The move is part of a plan to hire 350 bankers in Citi Commercial Bank Asia Pacific over the next three years, as per a statement

IFSCA invites comments on draft framework on sustainable financial lending

IFSCA has been established as a unified regulator to develop and regulate financial products, financial services and financial institutions in the International Financial Services Centres in India

Sebi bans ARSS Infrastructure, 6 persons from markets; levies fine

Sebi has barred ARSS Infrastructure Projects and six persons from the capital markets for up to one year and levied a fine totalling Rs 47.5 lakh on them for misrepresenting the company's financials