M. Pattabiraman, a physics professor at IIT Madras, teaches complex theories to eager students. Beyond the classroom, he’s also a well-known personal finance figure, with nine of his financial calculators featured on the Securities and Exchange Board of India’s (Sebi) investor education site. Also meet Vijay Malik, a doctor who practised for five years but … Read more
Portfolio management services (PMS) are navigating new challenges after the Union Budget for 2024-25 increased tax on long-term capital gains (LTCG) and short-term capital gains (STCG). As stocks are held in the investor’s demat account in PMS, every buy and sell decision of the PMS manager has a tax impact for the investor, unlike a … Read more
Kalpataru Ltd, the Mumbai based real estate developer, has filed its Draft Red Herring Prospectus (DRHP) with capital market regulator Securities and Exchange Board of India (SEBI) to raise funds via initial public offering (IPO). Kalpataru IPO comprises a fresh issue of equity shares worth ₹1,590 crore of face value of ₹10 each, according to … Read more
Arisinfra Solutions Limited has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI). The company aims to raise up to ₹600 crore through this initial public offering, which comprises solely a fresh issue of equity shares with a face value of ₹2 each. The company plans to use … Read more
Propshare, a fractional real estate platform, recently became the first player to secure an SM (small and medium) Reit licence from Sebi. SM Reits are real estate investment trusts with an asset base between ₹50 crore and ₹500 crore. However, Propshare’s existing investors rejected the migration to SM Reit status. High upfront costs, including a … Read more
Known for his aggressive investments directly in stocks and small- and mid-cap mutual funds, Kumar is now seeking a more balanced and goal-oriented portfolio. “During the pandemic, my stock portfolio took a significant hit, and some of the stocks never fully recovered. I don’t want to face such a situation again as I work towards … Read more
SEBI Chairperson Madhabi Puri Buch and her husband, Dhaval Buch, have released a thorough response to the recent accusations made by Hindenburg Research. These claims, published on August 10, 2024, imply that Madhabi Puri Buch held a stake in offshore entities linked to the Adani group, raising concerns about possible conflicts of interest and regulatory … Read more
The International Financial Services Authority (IFSCA), which regulates GIFT City, has proposed a reduction in the minimum ticket size for portfolio management services (PMS) from $150,000 to $75,000, or about ₹64 lakh at current exchange rates, according to a consultation paper released on Monday. This brings the minimum ticket size for PMS closer to the … Read more
The Securities and Exchange Board of India (SEBI) officials are set to protest at the Mumbai Head Office – SEBI Bhavan Bandra Kurla Complex (BKC) on Monday, August 5. NDTV Profit quoting anonymous sources on Saturday, August 3, that as many as 700 officers will be part of this protest. The official’s protest is fueled … Read more
MUMBAI : India’s markets regulator has devised a seven-point plan to regulate the growing tribe of financial influencers, said Kamlesh Varshney, full-time member of the Securities and Exchange Board of India (Sebi), at the FICCI’s 21st Annual Capital Markets Conference (CAPAM) on Friday. Varshney added that the plan has seven elements, including a mixture of … Read more