Market News
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Sebi reinstates open market buybacks via exchanges
Sebi has greenlit buyback flexibility for companies, reintroducing open market options via exchanges from August 1. Mutual funds gain relaxed borrowing norms for liquidity, and AIFs will see faster fundraising. These moves aim to boost capital management for listed firms, with buybacks needing completion within 66 days and 40% funds deployed early. Merchant banker appointments are now optional, lowering costs.
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
Cyient launches ₹720 crore buyback offer at ₹1,125 per share; tender window opens June 23
Axis Capital is acting as the manager to the buyback, while KFin Technologies has been appointed registrar to the offer. Shares of Cyient Ltd ended at ₹858.05, down by ₹15.00, or 1.72%, on the BSE.
Global investors pull $8.5 billion from India funds in 2026 as money chases AI trade
India-focused funds have seen $8.5 billion of outflows so far this year as global investors shift money into AI-linked markets such as South Korea, Taiwan and the US, according to a report by Elara Securities. The brokerage says capital is increasingly concentrating in direct beneficiaries of the artificial intelligence boom.
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 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.
Elara Capital's Harendra Kumar sees India benefiting as AI trade cools and FII flows return
Harendra Kumar of Elara Capital says global money flowing out of expensive AI stocks could now flow back into India, especially as the country's weight on global indices hits new lows and West Asia tensions ease. He's less worried about a weak monsoon hurting markets, noting some sectors gain even as others lose. On telecom, he backs Bharti Airtel over Vodafone Idea, citing its Africa business and expected tariff hikes that benefit both operators and the government.
Anubhav Plast IPO booked 93% so far on first bidding day; check GMP, issue details, more
Anubhav Plast IPO, priced between ₹77 and ₹80 per share, runs from 19 to 23 June. The company aims to raise ₹24 crore to fund expansion. The share allotment is set for 24 June, and the stock will debut on the BSE SME platform on 29 June.
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.