ICICI MERGER In a recent development, nearly 72% of shareholder votes were cast in favor of the scheme of arrangement for the merger of ICICI Securities with its promoter ICICI Bank. This significant mandate, as disclosed in filings made to the exchanges, underscores a pivotal moment in the financial landscape. The voting, mandated by a … Read more
INTRODUCTION OF GIFT NIFTY In a historic development within India’s global trading landscape, the renowned SGX Nifty is slated to undergo a transformative rebranding, emerging as GIFT NIFTY effective from July 3, 2021. This monumental shift will witness derivative contracts valued at $7.5 billion, previously traded on the Singapore Exchange, relocating to India. The commencement … Read more
Special Audit by RBI for Regulatory Breaches Introduction: IIFL Finance Ltd. and JM Financial Products Ltd. are under the regulatory microscope as the Reserve Bank of India (RBI) initiates special audits to investigate their regulatory breaches. The RBI has taken a proactive step by floating tenders for the appointment of auditors to delve deeper into … Read more
FUTURE TRADING Introduction: Welcome to the exciting world of future trading! In today’s fast-paced financial landscape, future trading offers a myriad of opportunities for investors to profit from the fluctuations in various markets. Whether you’re a seasoned trader or a novice investor, understanding the fundamentals of future trading can unlock the door to financial success. … Read more
In the frenzied world of finance, the end of March signals not only the close of the quarter but also a flurry of Initial Public Offerings (IPOs) vying for investors’ attention. As companies race to go public and capitalize on market momentum, the last week of March has been particularly notable for its lineup of … Read more
Introduction of Beta Version of T+0 Settlement Cycle In a bid to enhance efficiency, transparency, and risk management in India’s securities market, the Securities and Exchange Board of India (SEBI) has introduced the Beta version of T+0 rolling settlement cycle on an optional basis, alongside the existing T+1 settlement cycle. This move, announced through Circular … Read more
In a strategic move to align with regulatory requirements and enhance market participation, two prominent entities affiliated with Aditya Birla Sun Life Asset Management Company Ltd. (ABSLAMC) have announced an Offer for Sale (OFS), aiming to divest up to 11.47% of their stake. Let’s delve into the details of this significant development and its implications … Read more
Adani Group’s Ambitious Investment Plans Introduction: The Adani Group, led by its visionary chairman Gautam Adani, has made headlines with its staggering investment plans for the fiscal year starting April 2024. With a commitment to invest more than Rs 1.2 lakh crore (about USD 14 billion) across its diverse portfolio, ranging from ports to energy, … Read more
Jainam Broking Limited, a leading stock broking company headquartered in Gujarat, recently concluded the highly anticipated 5th edition of the Indian Options Conclave 5.0. This esteemed annual gathering, held at the YPD World Convention Centre in Surat on March 15th and 16th, 2024, marked a significant milestone in the options trading landscape of India. A … Read more
The Securities and Exchange Board of India (SEBI) held its 204th board meeting in Mumbai today on 15-March-2024, announcing several crucial decisions that will impact businesses and investors alike. Let’s dive into the highlights of the meeting and what they mean for you. SEBI Board Meeting 15-March-2024: Key Decisions for Businesses and Investors 1. Launch … Read more