LIC’s share price gained over 7% to reach a new 52-week high of ₹820.05 in morning trade on the BSE on December 22. This notable jump followed the company’s announcement of a one-time exemption granted by the government to achieve a minimum public shareholding (MPS) of 25%. Commencing at ₹805.05, a 7.3% rise propelled LIC’s […]
SEBI to introduce ASBA-like facility for secondary market trading from Jan-Feb
To safeguard investors’ money from misuse, an ASBA-like facility for trading in secondary markets will be available from January or February, Sebi chief Madhabi Puri Buch said on Friday. This Application Supported by Blocked Amount (ASBA)-like facility already available for the primary market, ensures that the investor’s fund gets moved only when t
BSE, NSE slap fines on Adani Green Energy
Leading exchanges BSE and the NSE have imposed fines totalling Rs 11.22 lakh on Adani Green Energy for non-compliance with certain listing regulations. The two exchanges imposed fines of Rs 5.61 lakh each on the company. As per the filing, the company wishes to also clarify that the company has already appointed two more independent […]
Sebi to amend rules to facilitate small and medium REITs
Sebi on Saturday decided to bring entities facilitating fractional investment in real estate under a regulatory framework, whereby they will be required to operate as Small and Medium Real Estate Investment Trusts. Such SM REITs should be set up as a trust with the ability to establish separate scheme for owning real estate assets through […
Most in-demand courses in Ireland for international students
By Piyush Kumar Ireland stands out as an emerging destination when it comes to higher education for international students. It not only offers a rich academic experience but also promises an unforgettable cultural journey. According to the Embassy of Ireland, in 2022, more than 6,000 Indian students chose Ireland as their study-abroad destination a
Telecommunications Bill, superseding century-old telecom law, gets President’s assent
The landmark Telecommunications Bill, which was passed by Parliament recently, has received the President’s assent.’The Telecommunications Act, 2023′ is set to overhaul the country’s century-old telecom law to make the sector investor-friendly; it prioritises user protection but also extends powers to the government to intercept communications. Whi
Rating: BUY | LIC maximises non-par growth
LIC reported a 12% decline in annualised premium equivalent (APE) during the Q2FY24, primarily attributed to the weakness in the group business. Individual APE witnessed a positive growth of 6%, while group APE saw a substantial decrease of 35%. The group APE was down 35%. It tends to exhibit volatility and might show improvement 2H. […]
Oil prices dip in pre-Thanksgiving trade ahead of OPEC+ cuts
Oil prices slipped slightly on Wednesday in quiet pre-U.S. Thanksgiving holiday trading, as the market awaited news on output cuts from the OPEC+ producers group and looked for confirmation of a sharp build-up in U.S. crude stocks. Brent crude futures fell 52 cents to $81.93 a barrel by 0946 GMT. U.S. West Texas Intermediate crude […]
Strategy to balance high valuations in Mid & small caps: Go for multi-cap funds to reduce risks
Given that the valuations of small-caps and mid-caps are elevated, investors should look at multi-cap funds to diversify across market segments and ensure some systemic risk is mitigated, say experts. The investment mandate for multi-cap funds warrants that a minimum of 25% be invested in each of the three market cap segments, irrespective of marke
Share Market Highlights: Nifty settles below 19750, Sensex below 65,700; Auto drops the most
Share Market News Today | Sensex, Nifty, Share Prices Highlights : The benchmark equity indices closed Monday’s trading session in negative territory. The NSE Nifty 50 dropped 37.55 points or 0.19% to settle at 19,694.25, while the BSE Sensex dropped 139.58 points or 0.21% to 65,655.15. The broader indices ended largely in negative territory, with