Stock market rally under threat! Rs 1 lakh crore shares dumped by promoters, private equity firms & strategic investors; what’s happening
https://timesofindia.indiatimes.com/business/india-business/stock-market-rally-under-threat-rs-1-lakh-crore-shares-dumped-by-promoters-private-equity-firms-strategic-investors-whats-happening/articleshow/122109740.cms
https://timesofindia.indiatimes.com/business/india-business/stock-market-rally-under-threat-rs-1-lakh-crore-shares-dumped-by-promoters-private-equity-firms-strategic-investors-whats-happening/articleshow/122109740.cms
Promoters, PE firms, and strategic investors offloaded over Rs 1 lakh crore in Indian shares. This selling trend, driven by attractive valuations and strategic reasons, was absorbed by strong institutional demand, particularly from domestic mutual funds. Experts emphasize understanding the motivations behind divestments to assess market health.
NBFC IPOs in focus: Non-bank lenders to rush initial public offerings; could raise above Rs 30,000 crore
https://timesofindia.indiatimes.com/business/india-business/nbfc-ipos-in-focus-non-bank-lenders-to-rush-nitial-public-offerings-could-raise-above-rs-30000-crore/articleshow/122110018.cms
https://timesofindia.indiatimes.com/business/india-business/nbfc-ipos-in-focus-non-bank-lenders-to-rush-nitial-public-offerings-could-raise-above-rs-30000-crore/articleshow/122110018.cms
Non-bank financial institutions are poised to accelerate their IPO plans, driven by favorable regulatory changes, reduced interest rates, and improving credit cycles. Several NBFCs, having already secured SEBI approvals, are expected to expedite their listing procedures.
ICICI stake watch: ICICI Bank moves to retain majority in AMC, ADR rules set for tweak
https://timesofindia.indiatimes.com/business/india-business/icici-stake-watch-icici-bank-moves-to-retain-majority-in-amc-adr-rules-set-for-tweak/articleshow/122110572.cms
https://timesofindia.indiatimes.com/business/india-business/icici-stake-watch-icici-bank-moves-to-retain-majority-in-amc-adr-rules-set-for-tweak/articleshow/122110572.cms
ICICI Bank plans to increase its stake in ICICI Prudential AMC by up to 2% to maintain majority control amidst potential equity dilution from stock-based compensation. The bank's board has approved the purchase, pending regulatory approvals. Additionally, the board approved granting voting rights to American Depository Shares holders, subject to RBI approval and compliance with banking regulations.
Govt to ramp up rare earth magnet manufacturing to counter China's export curbs
https://timesofindia.indiatimes.com/business/india-business/indias-rare-earth-magnet-push-government-industry-academia-join-forces-to-ramp-up-manufacturing-move-to-counter-chinas-export-curbs/articleshow/122110640.cms
https://timesofindia.indiatimes.com/business/india-business/indias-rare-earth-magnet-push-government-industry-academia-join-forces-to-ramp-up-manufacturing-move-to-counter-chinas-export-curbs/articleshow/122110640.cms
India is intensifying domestic rare earth magnet production amid China's export restrictions, impacting sectors like automobiles and electronics. The government, industry, and academia are collaborating to achieve competitive pricing, with technology transfer agreements underway. This push aims to build scalable infrastructure and reduce reliance on Chinese imports, ensuring supply chain resilience during global disruptions.
Unlisted frenzy: Zerodha's Nithin Kamath warns retail investors as HDB IPO, CSK shares lure crowds; Sebi alert add to caution
https://timesofindia.indiatimes.com/business/india-business/unlisted-frenzy-zerodhas-nithin-kamath-warns-retail-investors-as-hdb-ipo-csk-shares-lure-crowds-sebi-alert-add-to-caution/articleshow/122111184.cms
https://timesofindia.indiatimes.com/business/india-business/unlisted-frenzy-zerodhas-nithin-kamath-warns-retail-investors-as-hdb-ipo-csk-shares-lure-crowds-sebi-alert-add-to-caution/articleshow/122111184.cms
Zerodha's Nithin Kamath cautions retail investors about the unlisted shares craze, highlighting significant risks like lack of price discovery and liquidity. He points to HDB Financial Services' IPO as an example where valuations crashed below unlisted trade levels, burning early investors. SEBI has also flagged unregulated platforms facilitating these transactions, warning against violations.
Gold shines bright! Several life insurers want IRDAI to allow gold ETF investments; 30% returns in 12-months
https://timesofindia.indiatimes.com/business/india-business/gold-shines-bright-several-life-insurers-want-irdai-to-allow-gold-etf-investments-30-returns-in-12-months/articleshow/122110351.cms
https://timesofindia.indiatimes.com/business/india-business/gold-shines-bright-several-life-insurers-want-irdai-to-allow-gold-etf-investments-30-returns-in-12-months/articleshow/122110351.cms
Life insurance companies are seeking regulatory approval from Irdai to invest a portion of their ULIP assets in gold ETFs, driven by rising gold prices and the need for portfolio diversification amid lower returns from traditional investments.
India’s thermal coal intake from Russia hits 2-year high: Report
https://timesofindia.indiatimes.com/business/india-business/indias-thermal-coal-intake-from-russia-hits-2-year-high-flexible-pricing-fuel-quality-boost-volumes-report/articleshow/122111925.cms
https://timesofindia.indiatimes.com/business/india-business/indias-thermal-coal-intake-from-russia-hits-2-year-high-flexible-pricing-fuel-quality-boost-volumes-report/articleshow/122111925.cms