Equity Broking
AM/NS India EBITDA drops 62.98% to $204 million in September quarter
ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between ArcelorMittal and Nippon Steel, reported a 62.98 per cent year-on-year drop (YoY) in EBITDA
 "AM/NS India EBITDA drops 62.98% to $204 million in September quarter")
More companies will have to focus on profitability in future: Nikhil Kamath
If interest rates continue at their current trajectory, the appetite will go down, impacting the consumption and the markets, co-founder of Zerodha and True Beacon said
 "More companies will have to focus on profitability in future: Nikhil Kamath")
Two years on, Sebi's sandbox initiative yet to find its feet
Most applications have either been withdrawn or stand rejected
 "Two years on, Sebi's sandbox initiative yet to find its feet")
Profitability of domestic broking companies calms after a strong FY22: ICRA
The profitability of the domestic broking industry fell to 34 per cent in Q1FY23 from 38 per cent in the similar period last year due to geopolitical concerns and the adverse macroeconomic outlook
 "Profitability of domestic broking companies calms after a strong FY22: ICRA")
BSE, NSE take measures to standardise disclosures by listed entities
Leading stock exchanges BSE and NSE on Monday announced that they have taken measures for standardising the disclosures made by listed companies pertaining to the critical information for investors. Listed firms are required to submit periodical compliance filings to stock exchanges within the prescribed timelines. Under the measures, stock exchanges have implemented new XBRL-based compliance filing mechanism featuring identical and homogenous compliance data structures. The move will not only ease the compliance burden on listed entities but would also enable analytics on the data submitted by them, BSE and NSE said in a joint statement. XBRL-based filings for equity, debt, Real Estate Infrastructure Trust (REIT), Infrastructure Investment Trust (InvIT) have been released by both the exchanges to facilitate the input of the critical clauses of Sebi's LODR (Listing Obligations and Disclosure Requirements) Regulations. "We believe that these steps shall enhance the transparency an
 "BSE, NSE take measures to standardise disclosures by listed entities")
Sebi releases framework for advisory, portfolio management services
Sebi in August introduced the concept of 'accredited investor' in investment advisors (IA) and portfolio manager rules
 "Sebi releases framework for advisory, portfolio management services")
YES Banks needs up to Rs 13,000 crore in equity in 1-2 years: ICRA
Reconstituted Board meets on March 26
 "YES Banks needs up to Rs 13,000 crore in equity in 1-2 years: ICRA")
How the Karvy case brought another three dozen brokers under Sebi's radar
Karvy is among the country's top 10 brokerage companies, with 244,000 customers in the country
 "How the Karvy case brought another three dozen brokers under Sebi's radar")
Karvy a tip of iceberg: Lens on 3 dozen brokers for Rs 10k-crore fund abuse
The issue has come to light after several brokers missed the August 31 deadline set by Sebi for returning client funds
 "Karvy a tip of iceberg: Lens on 3 dozen brokers for Rs 10k-crore fund abuse")
New entrants 'disrupting' equity broking industry, says HDFC Securities
In the next few years as the disruption picks up the pace, incumbents will be forced to reduce broking charges even for cash products
 "New entrants 'disrupting' equity broking industry, says HDFC Securities")
