Capital market regulator Securities and Exchange Board of India (Sebi) will hold its board meeting on Tuesday, where it is likely to clear the new norms for start-up listings. The norms, aimed at providing fund-raising boost to India's fledgling but booming start-up sector, are expected to be relaxed further than what was proposed in the discussion paper. Sebi board is also likely to discuss its merger with commodity regulator Forward Markets Commission.
RIL leads the charge
Reliance Industries contributed nearly a fourth to the 890-point rally on the Sensex seen last week. Shares of the country's leading private sector company were up 12 per cent, compared to 3.4 per cent gain on the Sensex. Shares of RIL have been a laggard since 2014 but last week's strong show refreshed the 2006-07 bull run memories where the Mukesh Ambani-led company was the biggest contributor.
Brokerage house plans IPO
A prominent brokerage on Dalal Street, known for its strong research division, is said to be eying a possible initial public offering (IPO). Plans have been talked about for a few months now, and a source hinted it has already arrived at a tentative 12-month target for hitting the market. There may be some movement soon on the issue despite the recent market turbulence, especially if their own high year-end Sensex target holds true
Sachin Mampatta
Jayshree Pyasi
RIL leads the charge
Reliance Industries contributed nearly a fourth to the 890-point rally on the Sensex seen last week. Shares of the country's leading private sector company were up 12 per cent, compared to 3.4 per cent gain on the Sensex. Shares of RIL have been a laggard since 2014 but last week's strong show refreshed the 2006-07 bull run memories where the Mukesh Ambani-led company was the biggest contributor.
Samie Modak
Brokerage house plans IPO
A prominent brokerage on Dalal Street, known for its strong research division, is said to be eying a possible initial public offering (IPO). Plans have been talked about for a few months now, and a source hinted it has already arrived at a tentative 12-month target for hitting the market. There may be some movement soon on the issue despite the recent market turbulence, especially if their own high year-end Sensex target holds true
Sachin Mampatta