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New mechanism to speed up transfer of unlisted NSE shares

New mechanism to speed up transfer of unlisted NSE shares

Shares of the IPO-bound National Stock Exchange of India will be easily transferable between investors starting Monday, as the bourse moves from an exchange approval-based system to the delivery instruction slip (DIS) mechanism. The shift is expected to shrink share-transfer timelines from as long as six months to just 3 to 5 days, streamlining transactions…

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SEBI mandates advertiser verification on social media to curb investment frauds

SEBI mandates advertiser verification on social media to curb investment frauds

Market regulator Securities and Exchange Board of India (Sebi) on Friday directed all Sebi registered intermediaries uploading or publishing advertisements on social media platforms (SMPs) like Google and Meta, to register on these platforms using their email ids and mobile numbers as registered on SEBI SI Portal. These social media platform providers will then carry…

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SBI MF, ICICI Prudential MF, Nippon India MF buy 4.12% stake in TBO Tek for Rs 537 cr

SBI MF, ICICI Prudential MF, Nippon India MF buy 4.12% stake in TBO Tek for Rs 537 cr

SBI Mutual Fund (MF), ICICI Prudential MF, and Nippon India MF on Friday acquired a 4.12 percent stake in travel distribution firm TBO Tek for Rs 537 crore through open market transactions. TBO Tek is a technology platform engaged in the business of providing services related to tours and travel. A total of 44.72 lakh…

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Puravankara Chairman buys office space in Mumbai’s Andheri for Rs 242 cr

Ravi Puravankara, founder and chairman of realty developer Puravankara Ltd, bought Rs 242.1 crore worth of commercial properties totalling more than 104,000 sq ft carpet area in Mumbai’s western suburb Andheri from Rockfort Estate Developers, an HLV Group promoter company.The transaction, concluded on Wednesday, includes a dozen commercial units on the 7th, 8th, and 9th…

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TBO Tek shares slide over 5% as Augusta TBO, Korea Holdings plan to sell 3.1% stake

TBO Tek shares slide over 5% as Augusta TBO, Korea Holdings plan to sell 3.1% stake

TBO Tek shares tumbled 5.5% to an intraday low of Rs 1,200 on the BSE on Friday after a Rs 400 crore block deal in the travel distribution firm was intiaited, with Augusta TBO Singapore Pte Ltd and TBO Korea Holdings Ltd looking to offload up to a 3.1% stake, sources told CNBC-TV18. The offer…

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IT weeps & FMCG moans, but .5 billion FII selloff shouldn’t worry Indian investors

IT weeps & FMCG moans, but $3.5 billion FII selloff shouldn’t worry Indian investors

Despite a nascent recovery in Indian markets, it’s important to highlight that foreign institutional investors (FIIs) have kept up their selling trend in the first two weeks of March. However, this was followed by an emphatic consensus that the sell-off is slowing, something which Indian investors can hang on to. With a little bit of…

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Sensex drops 100 points on sell-off in IT stocks, Nifty below 23,200 mark

Sensex drops 100 points on sell-off in IT stocks, Nifty below 23,200 mark

Indian equity indices opened in the red on Friday, snapping a four-session gaining streak, dragged by IT stocks amid concerns over discretionary spending in the U.S.The BSE Sensex was down 114 points, or 0.15%, at 76,234, while the Nifty50 slipped 14 points, or 0.06%, to 23,176 around 9:19 am. The Nifty IT index dropped over…

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FY25 PSU stock performance worst in 3 years as 73% scrips fall up to 48%. Just 1 multibagger shines

FY25 PSU stock performance worst in 3 years as 73% scrips fall up to 48%. Just 1 multibagger shines

PSU stocks will end FY25 on a lackluster note, recording their worst performance of the past three financial years. Nearly 73% or 46 stocks out of 63 analysed by ETMarkets have witnessed a decline of up to 48% so far, and Mazagon Dock Shipbuilders stands tall as the only multibagger in the pack. With just…

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