Sebi enhances IL&FS case penalty on ICRA, CARE and IndRa to Rs 1 crore

Mumbai: The Securities and Exchange Board of India (Sebi) has enhanced the penalty against three rating agencies- ICRA,CARE and India Ratings and Research to Rs 1 crore each for their lapses in giving credit rating to non- convertible debentures of IL&FS. “I find that the lapses on the side of …

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PE firms ride liquidity wave to book exits

Private equity (PE) investors have resorted to open market transactions to exit their positions in publicly traded companies, riding the surge in liquidity, as the coronavirus pandemic has stymied private market deal activity. Between January and August, such open market sales added up to $1.5 billion, accounting for half of …

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Markets plunge on global cues as virus stokes lockdown fears

With the reality of the floundering economy triumphing over the hope of a quick recovery to pre-crisis levels, analysts are predicting a period of high volatility in stock prices. The benchmark indexes fell more than 2%, dragged down by banking and metal stocks. The BSE Sensex fell 811.68 points, or …

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Here’s what investors with $3.4 trillion are buying during covid

In interviews with sovereign wealth funds, pension firms and asset managers across Asia and Europe that collectively manage about $3.4 trillion, one thing was clear: many of them are avoiding the overheated stock market. The most common outlook was one of caution. They are mindful that much of the rebound …

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Investors lose ₹4.23 lakh cr after markets crash amid global meltdown

MUMBAI : The Sensex dived 812 points while the Nifty closed below the 11,300-mark on Monday, in tandem with a global selloff after a resurgence of coronavirus cases in Europe stoked fears of another round of lockdowns. Denmark, Greece and Spain have imposed fresh restrictions on activities to tackle a …

Read moreInvestors lose ₹4.23 lakh cr after markets crash amid global meltdown

Banks making huge profits as investors pile into gold

The world’s largest 50 investment banks are on track to double their income from precious metals this year to around $2.5 billion, most of it from gold, Coalition, a banking consultancy, told Reuters. “$1.2 billion was the earnings pool last year. This year we already crossed that number,” said Coalition …

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Bidding for CAMS IPO kicks off: Here’s what leading brokerages say

NEW DELHI: The Rs 2,242 crore initial public offering (IPO) by Computer Age Management Services (CAMS) opened for bidding on Monday. The Warburg Pincus-backed company last week raised Rs 666.57 crore from a total of 35 investors at Rs 1,230 per share ahead of the public issue. The price band …

Read moreBidding for CAMS IPO kicks off: Here’s what leading brokerages say