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Sebi clarifies EPI benefits; Turtlemint Fintech IPO subscribed 45% on Day 1
The market regulator revised commodity margin provisions, cleared SBI Mutual Fund's IPO and oversaw the opening day of Turtlemint Fintech's share sale
SBI Mutual Fund Gets SEBI's Clearance To Launch IPO
The offering will see promoters, SBI and Amundi India Holding, pare their stakes.
SBI Mutual Fund gets Sebi's clearance to launch IPO
The proposed maiden public offering is entirely an offer for sale (OFS) of up to 20.37 crore equity shares, with no fresh issue component, according to the draft red herring prospectus (DRHP) filed in March.
SEBI Board Meeting Highlights: SEBI looks to remove barriers to longer-term derivative contracts
SEBI Board Meeting Highlights: Securities and Exchange Board of India has announced major market reforms including open-market buybacks, AIF rollout changes and mutual fund intraday borrowing flexibility, alongside updates on NSE-related issues and an upcoming study on investor losses and derivatives data.
Sebi reinstates open market buybacks, clears AIF and municipal bond reforms
Sebi approved significant reforms, including reintroducing open market share buybacks and fast-tracking AIF launches. It has also allowed mutual funds a broader scope for borrowing intra-day from banks. It also cleared a framework allowing two or more municipalities to raise funds collectively.
Sebi board meeting: Open market buyback is back and intraday borrowing for MFs; 5 key decisions investors should know
Sebi approved a series of reforms to improve market efficiency and investor protection. Key changes include the return of exchange-based buybacks, intraday borrowing for mutual funds, faster AIF launches, easier municipal bond fundraising and simplified transmission of securities to legal heirs.
Bharat Forge among 6 stocks hitting 52-week highs; surge up to 25% in a month
Despite a significant dip in the benchmark Sensex, six stocks within the BSE200 index achieved new 52-week highs on Friday, signaling robust investor confidence. These outperformers, including GE Vernova T&D India, The Federal Bank, and Polycab India, have demonstrated impressive gains over the past month, suggesting strong upward momentum and potential for continued growth.
Sebi approves open-market buybacks, eases mutual fund borrowing norms
The market regulator also cleared a faster approval route for alternative investment funds and aligned norms for securitised debt instruments with RBI rules
Zerodha launches India's first target-date mutual funds for long-term goals
Zerodha Fund House has launched India's first target-date mutual funds that begin with a higher allocation to equities and gradually move towards debt and other lower-risk assets as the target year approaches, helping investors stay aligned with long-term goals.
Turtlemint says regulatory changes and lower commissions could boost insurance volumes
Mumbai-based Nexus Venture Partners-backed insurtech startup Turtlemint has built a network-led insurance distribution model focused largely on smaller towns, with around three-fourths of its business coming from beyond metros. Dhirendra Mahyavanshi, Chairperson, Managing Director and Chief Executive Officer of the company believes regulatory changes aimed at improving affordability and insurance penetration will expand the market and support growth. Management also highlighted operating leverage benefits and sees opportunities to sell loans and mutual funds through its existing advisor network as it diversifies beyond insurance.
BFSI and oil & gas bear the brunt as foreign investors pull funds from India
Global fund managers are dumping Indian banking and oil stocks to chase AI and semiconductor opportunities in the US and East Asia. While India boasts strong loan growth, geopolitical oil volatility and compressed margins have driven foreign investors to look for better returns elsewhere.
Hotel chains unfazed despite geopolitical shocks, high fuel costs
Hotel chains in India are reporting double-digit revenue growth in the April–June quarter despite geopolitical tensions, higher fuel costs and weaker inbound travel. The sector is being supported mainly by strong domestic demand and stable performance in key metro and leisure markets.