Page 2 - Indian Investors

Sebi orders Jakraya Sugar, its directors to refund investors' money

Sebi has directed Jakraya Sugar Ltd and its directors to refund the money collected from investors without complying with the regulatory norms. In addition, these entities have been restrained from buying, selling, or otherwise dealing in the securities market "till the expiry of a period of three years from the date of effecting the refund". JSL's directors are -- Birappa Bhagwan Jadhav, Rahul Jadhav Birappa, Sachin Birappa Jadhav, Umadevi Birappa Jadhav, Manisha Sachin Jadhav, Lata Satyawan Bamane, Shubhangi Satyawan, Shridhar Vinayakrao Mane, Priyanka Rahul Jadhav, Paresh Suhas Dange, Bajarang Shivaji Jadhav and Bandopant Madhukar Sathe. Further, Sebi directed Jakraya Sugar Ltd (JSL), Birappa Bhagwan Jadhav, Rahul Jadhav Birappa, Sachin Birappa Jadhav, Umadevi Birappa Jadhav, Manisha Sachin Jadhav, Bamane and Satyawan will jointly and severally refund money collected from the investors with an annual interest of 15 per cent. In its interim order cum show cause notice, Sebi also

Cautious optimism

Global headwinds may add to volatility in stocks

Updater Services raises Rs 288 cr from anchor investors ahead of IPO

Integrated facilities management company Updater Services Ltd on Friday said it has raised Rs 288 crore from anchor investors days before the launch of its initial public offering (IPO). The firm has allotted 96 lakh equity shares to 18 funds at Rs 300 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website late Friday night. Among the anchor investors that participated in the bidding are Nomura Singapore, Citigroup Global Markets Mauritius Pvt Ltd, BNP Paribas Arbitrage, Societe Generale, ICICI Prudential Mutual Fund (MF), Bandhan MF and Aditya Birla Sun Life Insurance Company. The initial share sale, with a price band of Rs 280-300 per share, will be open for public subscription during September 25-27. The Rs 640-crore IPO will comprise a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer for Sale (OFS) of up to 80 lakh equity shares by a promoter and existing shareholders. Under the OFS, Tangi Facility ...

Investors in India see yet another year of high rates on price shock

Overnight-indexed swaps show that India's borrowing costs are likely to decline only in the second half of 2024, a shift from earlier when they were pricing in two reductions after the June meeting

MG Motor India says will sell majority stake to Indians in 2-4 years

Carmaker owned by Chinese company SAIC Motor will raise Rs 5,000 crore through stake sale

Adani-Hindenburg row: SC to hear Sebi's plea seeking extension on May 12

Recently, Sebi moved an application in the court and sought six more months to ascertain possible violations related to misrepresentation of financials, circumvention of regulations

Israel min calls for Indian investors, backs India in combating terrorism

"Terrorism is not just an Israeli challenge. It's a global challenge. We knew, we are working together with India on how to make a better world," Israeli Economy Minister Nir Barkat said

Gold delivers positive returns eight years on the trot; at 16.1% in FY23

Analysts hope the recovery in the metal's prices will continue, but the movement of the dollar-rupee rate could limit the gains for Indian investors

Investors stay put in overseas funds despite deep corrections in markets

Maturity in dealing with equities, taxation likely reasons as schemes see positive flows even after 25-35% correction

Abundant resources, govt policies make Madhya Pradesh investors' haven

Ravi Jhunjhunwala, chairman and managing director (CMD) of HEG Mandideep, said that Madhya Pradesh has a great atmosphere to work in the field of industrial investment

Freshworks faces class action lawsuit in US for false statements during IPO

One of the two law firms suing Freshworks is urging investors who have incurred losses of $100,000 to join the litigation, asserting that the company has violated federal security laws

Fast-track mechanism on the cards to help Indian investors in UAE

The mechanism will also assist Indian companies to foray into the UAE market and expand

Will markets dip more on Fed's hawkish chorus?

After a short-lived reprieve from June lows, equity markets again seem to be on a downward slope as central banks remain firm on monetary policy tightening. What does this fall mean for investors?

Will markets dip more on Fed's hawkish chorus?

After a short-lived reprieve from June lows, equity markets again seem to be on a downward slope as central banks remain firm on monetary policy tightening. What does this fall mean for investors?

UP drafts 'services export' policy to attract investors, earn forex

UP is targetting to increase merchandise exports to almost Rs 3 trillion in the next three years

Cross-border payment: Four firms complete test in RBI's 2nd sandbox cohort

The four entities are: Cashfree Payments, Fairex Solutions, Nearby Technologies, and Open Financial Technologies

Biggest market jump in a month adds Rs 3.4 trillion to investor wealth

1.4% jump comes on the back of easing recession fears, China policy support

MF equity AUM surpasses debt in March amid sharp rebound in market

In March 2022, equity AUM for the industry stood at Rs 13.65 trillion higher than debt AUM of Rs 12.98 trillion, reveals data.

Crypto exchange CoinDCX raises $135 mn in funding as valuation tops $2 bn

CoinDCX aims to triple its staff to over 1,000 employees by the end of 2022

Investors may move part of their savings into gold amid equities' risk

Gold imports have risen sharply to $40.5 bn in the April-January of FY22 which is the highest ever for the country in the past comparable periods