Dalal Street veteran Kirti Doshi, through Antique Securities, has acquired a significant 21% stake in Emkay Global Financial Services. This investment, along with contributions from promoters Krishna Kumar Karwa and Prakash Kacholia, totals ₹227.5 crore via a warrant issue. The move has boosted investor confidence, with Emkay Global’s stock price surging 20% to ₹315.2.Read More
SEBI is proposing changes to the framework for technical glitches in stockbrokers’ online trading systems, excluding issues outside trading hours or beyond their control. The new rules will apply to brokers with over 10,000 clients, exempting 457 smaller firms. Financial penalties will be waived for glitches with minor operational impacts, and exchanges will disclose glitch information.Read More
The Indian rupee weakened to 88.28 against the dollar on Monday, influenced by concerns over Trump’s H-1B visa fee hike and its potential impact on Indian remittances. Traders fear the increased visa costs could lead to equity outflows from the IT sector and pressure the rupee.Read More
JPMorgan’s Sanjay Mookim expects India’s equity market to deliver moderate but steady returns, with Nifty seen at 26,500 in FY26. He favours financials, consumption, real estate, power, and defence, stressing fundamentals over flows and highlighting India’s deepening equity participation.Read More
Sebi has approved IPOs of Bharat Coking Coal, a Coal India subsidiary, and aerospace-to-consumer precision manufacturer Aequs. BCCL’s issue will be a pure OFS, while Aequs plans a mix of fresh issue and OFS.Read More
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