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Sebi invites candidates with 20 yrs' experience for executive director post
Markets regulator Sebi has begun the process of recruiting an executive director and has invited applications to fill the vacancy. Applications are invited for the post until July 25. The appointment of the executive director will be on a deputation or contractual basis for a period of three years, the Securities and Exchange Board of India (Sebi) said in a notice. As per the notice, candidates applying through the contract route are required to have qualifications, such as an MBA, CA, CS, LLB, or a postgraduate degree in economics, finance or another discipline Sebi considers relevant. The candidate applying for the position must have at least 20 years of experience dealing with securities market issues or special knowledge or experience in law, investigation, finance, economics and accountancy, among others. Eligible candidates from government organisations, public sector banks, and financial institutions may apply on deputation by routing their applications through their ...
Muharram 2026 in India: Are Schools, College, Bank, Government Offices & Stock Market Open or Closed On Ashura (10th Muharram) ? Check What’s Open & Closed, Traffic Diversion, Alternative Route & More - The Sunday Guardian
Muharram 2026 in India: Are Schools, College, Bank, Government Offices & Stock Market Open or Closed On Ashura (10th Muharram) ? Check What’s Open & Closed, Traffic Diversion, Alternative Route & MoreThe Sunday Guardian
PFC, REC seek to help centre retain majority at low cost
Power Finance Corp and REC are finalizing a merger plan to help the government maintain its majority stake cost-effectively. Two primary options are being considered: issuing preference shares at ₹10 each, requiring an estimated ₹800 crore outlay, or subscribing to non-tradable bonds worth around ₹24,000 crore. Advisors favor the preference share route, deeming it less expensive than the recurring interest costs of bonds.
PFC, REC seek to help centre retain majority at low cost
Power Finance Corp and REC are finalizing a merger plan to help the government maintain its majority stake cost-effectively. Two primary options are being considered: issuing preference shares at ₹10 each, requiring an estimated ₹800 crore outlay, or subscribing to non-tradable bonds worth around ₹24,000 crore. Advisors favor the preference share route, deeming it less expensive than the recurring interest costs of bonds.
INR settles higher as global crude oil prices continue to slide
The Indian rupee appreciated 16 paise to settle at 94.39 (provisional) against the US dollar on Thursday as global crude oil prices continued to slide. Positive sentiments in the domestic equity markets and a marginally weaker greenback further supported the local unit while FII outflows prevented sharper gains. At the interbank foreign exchange, the rupee opened at 94.30 against the dollar and traded in the range of 94.13-94.56. It settled at 94.39 (provisional), up 16 paise from the previous close. Indian shares gave up some early gains to end modestly higher on Thursday. Underlying sentiment remained underpinned somewhat as oil prices extended declines to levels seen before the Middle East conflict on signs of improving flows through the Strait of Hormuz, a key maritime route that handles around one-fifth of global oil supplies.
Sterlite Tech hits 5% upper circuit on QIP launch; zooms 495% in 6 months
Sterlite Technologies plans to raise up to ₹1,500 crore through the QIP route. Recently, Bandhan Mutual Fund sold 1.82 million equity shares of STL in open market trade.
30 India-bound ships cross Strait of Hormuz since Iran war began, 26 more await transit
Thirty ships bound for India have successfully navigated the Strait of Hormuz, a crucial route disrupted by recent geopolitical tensions. An additional 26 vessels are awaiting passage. Among those that transited, a significant portion carried vital energy supplies like LPG and LNG, alongside bulk cargo and crude oil. This development follows a recent agreement, easing concerns over energy imports for India.
IRFC OFS subscribed over 1.5x by institutional investors; govt to exercise greenshoe option
The government’s offer for sale in IRFC received a strong response from institutional investors, with the non-retail portion subscribed 1.86 times on Wednesday. Following the robust demand, the Centre will exercise the greenshoe option, allowing it to sell an additional 1% stake in the railway financing company through the OFS route.
SIP Vs Lumpsum: If You Invest Rs 1 Lakh, Which Route Builds More Wealth?
There is no single investment approach that works best for everyone.
India-bound fertilizer ships cross Hormuz, government says
Four cargo ships laden with vital fertilizers like urea and di-ammonium phosphate have successfully navigated the Strait of Hormuz, en route to Indian ports. This development significantly bolsters the nation's fertilizer reserves, crucial for meeting the upcoming summer crop season's demands. India continues its robust import strategy, supplementing domestic production to ensure ample crop nutrient availability for farmers nationwide.
Indian Railways approves Kavach deployment worth Rs 270 crore on 631 route kms
Indian Railways has approved the installation of Kavach, an indigenous automatic train protection system, on 631 route kilometers of East Coast Railway for Rs 270 crore. This move aims to significantly boost railway safety by preventing collisions and over-speeding. The expansion covers crucial sections in Odisha and neighboring areas, enhancing train operations even in adverse weather and reinforcing the mission to deploy Kavach across vital routes.
SEBI's open-market buyback return may boost shareholder value: EY India
SEBI's decision to allow open-market share buybacks from August 1 is expected to provide companies with greater flexibility in returning capital to shareholders, according to Mitul Shah of EY India and Bhavesh Shah of Equirus Capital. The move comes after tax changes made open-market buybacks viable again. Experts believe the route could support stock-price stability, improve capital allocation and encourage buyback activity among cash-generating companies with limited capital expenditure needs.