SEBI has proposed that Alternative Investment Funds (AIFs) should report the value of their units to depositories. This move aims to leverage the depository infrastructure, requiring AIFs to maintain updated Net Asset Value (NAV) of units issued to investors. The NAV of all units must be uploaded within 15 days of investment portfolio valuation.Read More
India’s foreign exchange reserves have surpassed $700 billion, reaching $702.966 billion after a $4.698 billion increase in the week ending September 12, according to RBI data. These reserves provide import cover for approximately 11.5 months.Read More
Wall Street’s main indexes closed higher on Friday, securing a weekly gain fueled by FedEx’s strong earnings and positive sentiment in the technology sector. Optimism surrounding AI-linked stocks and the Fed’s anticipated rate cuts further boosted the market. However, concerns arose from a blocked funding bill and Lennar’s disappointing forecast, adding a layer of caution to the overall positive trend.Read More
The initial public offering (IPO) of TMT bars manufacturer VMS TMT Ltd garnered a whopping 102.26 times subscription on the closing day of share sale on Friday, driven by strong investors’ participation.Read More
Electric vehicle maker Zelio E-Mobility Ltd on Friday said it has received approval from capital market regulator Sebi for its SME IPO to raise Rs 78 crore.Read More
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