INSTITUTIONAL
Uttarakhand to give 33% reservation to women in cooperative institutions
Uttarakhand's government, led by Chief Minister Pushkar Singh Dhami, mandated a 33% reservation for women in cooperatives covering 10 district cooperative banks, 670 multipurpose cooperative societies, the state cooperative bank, housing and construction cooperative federation, regional co-operative union, consumer cooperative federation, and Silk Federation, starting on International Cooperative Day. Minister Dhan Singh Rawat called it historic for women's empowerment.
Iran vote winner could ease, but won't end nuclear tensions: analysts
Masoud Pezeshkian's victory in Iran's presidential elections has brought hope for easing tensions over Tehran's nuclear program, defeating ultra-conservative Saeed Jalili with support from former president Hassan Rouhani. Despite not being the primary authority on foreign policy or nuclear issues, Pezeshkian aims for constructive relations with the West, contrasting Jalili's hardline stance. However, challenges remain as Iran's nuclear program has advanced significantly, impacting potential negotiations.
VP Jagdeep Dhankar slams P Chidambaram over 'part-timer' remark
Dhankar further said that "when informed minds knowingly lead you astray, we need to be on guard". "This morning, when I read a paper, an informed mind, who had been the Finance Minister of this country, a Parliamentarian for long and currently a member of the Rajya Sabha, stunned me," the VP said. Dhankar said that he took pride in the fact that the Parliament did "a great thing" by "unshackling us from the colonial legacy" and giving three laws that were of "epochal dimension".
At $4.2 billion, Q2 2024 IPO size records its highest growth in 2 years
QIPs saw a rise in both value and volume compared to the previous quarter, with 20 issues raising $2.3 billion. This marks the second-highest volume since Q4 2017. The retail and consumer sector led deal activity, with an 18% increase in value over Q1 2024, despite a 7% decrease in volume.
Delhi HC empowers ICAI to hold CA firms accountable for misconduct
The Delhi High Court has declared that the Institute of Chartered Accountants of India's disciplinary body has the authority to take action for misconduct against both chartered accountant firms and individual chartered accountants. This decision is aimed at enhancing accountability and transparency within the profession. The court emphasized the necessity of strengthening disciplinary mechanisms and urged the swift notification of amendments to relevant acts.
What CJI Chandrachud's ‘stratospheric’ market remark means for equity markets
Indian headline indices' record hitting spree has raised alarm bells among sections of market enthusiasts and the latest to jump into the bandwagon is the Chief Justice of India (CJI) DY Chandrachud who has advised market regulator Securities and Exchange Board of India (Sebi) to exercise caution in order to safeguard investors’ money.
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Share price of Max Healthcare falls as Sensex drops 314.15 points
A total of 5,122 shares changed hands on the counter till 11:16AM (IST)
OSU explores collaboration with premier Indian institutes
Oregon State University (OSU) is seeking partnerships with Indian Institutes of Technology (IITs) and Indian Institute of Information Technology (IIITs). OSU president Jayathi Y Murthy announced they will visit IIT-Kanpur, IIT-Delhi, IIT-Madras, IIT-Hyderabad, and IIIT-Hyderabad to find research commonalities in AI and sustainability. The collaboration aims to enhance academic exchanges tackling challenges like AI and climate research.
Max Healthcare shares down 0.34% as Sensex rises
A total of 6,454 shares changed hands on the counter till 01:34PM (IST)
Institutional investment in Indian real estate at $2.5 billion in Q2, marking a 3-year high
Private equity investments in Indian real estate hit a three-year high in Q2 2024, totaling $2.5 billion. The industrial and warehousing segment led with 61% of the total investments ($1.5 billion), driven by large deals. The residential segment saw a 7.5x increase from Q2 2023, making up 21% of total inflows. Office assets received $0.3 billion, showing a significant annual decline.
Mission 2032: JSW’s Inspire Institute of Sports launches elite swimming programme with Mizuho Bank
Swimming is the second biggest medal event at the Olympics with as many as 37 gold medals up for grabs at the upcoming Paris Games. But Indian swimmers never come close to reaching the final rounds, let alone winning a medal.
Sebi notifies institutional mechanism for brokers to prevent mkt abuse
Brokers must biannually report suspicious activities to stock exchanges. Sebi's amended PFUTP rules, effective from June 27, aim to prevent manipulative trade practices.
Max Healthcare shares up 0.41% as Nifty gains
A total of 10,600 shares changed hands on the counter till 11:01AM (IST).
Blow to Discount Brokers: Sebi says charges levied by market institutions should be uniform
Exchanges frequently offer lower fees to brokers who generate high trading volumes, which has led to increased activity across segments such as derivatives. Sebi is considering asking exchanges to halt this practice as part of a broader strategy to temper the excessive trading activity in India's derivative markets. Discount broking firms' revenues are expected to get hit as a significant part comes from the paybacks that exchanges give for the volumes they generate.
RBL Bank to raise Rs 65 billion via institutional placement of shares, debt issue
Indian private lender RBL Bank said on Thursday it will raise up to 65 billion rupees ($779 million) through a combination of qualified institutional placement (QIP) of shares and debt sale.
Kotak Institutional Equities initiates coverage on Coforge, sets Rs 6,000 as target price
Kotak analysts anticipate a robust 20.2% CAGR in earnings per share for FY2024-27E. This growth is driven by a 12.3% organic revenue CAGR and a 150-basis point expansion in EBIT margins.
Max Healthcare share price up 5.24 per cent
A total of 315,353 shares changed hands on the counter till 09:59AM (IST).
Goa to have liquor sales near educational institutions and regional places
Although the relaxation does not give the excise agency complete authority to grant licenses in these previously restricted locations, the move has startled many. Apart from the applicant needing to pay twice the licence price, the excise commissioner must obtain government clearance before granting such an application.
Max Healthcare shares down 1.89% as Nifty gains
A total of 24,820 shares changed hands on the counter till 02:00PM (IST).
Sebi issues guidelines for stock bourses, market infra institutions
Functional committees are the member committee, nomination and remuneration committee, oversight committees, standing committee on technology regulatory oversight committee, and risk management committee and investment committee.
Add Ujjivan Small Finance Bank, target price Rs 57: Kotak Institutional Equities
Ujjivan Small Finance Bank Ltd., incorporated in the year 2016, is a banking company (having a market cap of Rs 8853.42 Crore).
MDI Gurgaon offers ‘guaranteed’ admissions to 2025-27 class to candidates whose ‘provisional’ offers for 2024-26 class were revoked
MDI Gurgaon offers guaranteed admissions to candidates whose admission offers for the 2024-26 class were rescinded, providing them the option to join the 2025-27 class.
Max Healthcare shares drop 1.85% as Sensex rises
The stock quoted a 52-week high of Rs 979.8 and a 52-week low of Rs 509.05.
Equity taxation tweaks, PSU disinvestment among 6 factors that could break markets: Kotak Equities
Indian benchmark index Nifty 50 has surged by 1,682 points or 7.6% since the June 4 debacle, driven by non-institutional investors and select institutional investors, as noted by Kotak Institutional Equities. The market's sentiment remains positive despite potential risks, with a focus on upcoming state elections and regulatory oversight.
ISB Online offers learning solutions to higher education institutions
The Indian School of Business (ISB) is expanding its ISB Online platform to serve a diverse range of learners, including undergraduate students, professionals, and executives, from various sectors. With plans to double their current learner base by FY24-25, ISB Online aims to enhance employability, improve teaching outcomes, and provide networking opportunities through flexible and self-paced learning options, as well as offering faculty development programmes for academic institutions.
Buy Krishna Institute of Medical Sciences, target price Rs 2200: Prabhudas Lilladher
Krishna Institute of Medical Sciences Ltd., incorporated in the year 1973, is a Small Cap company (having a market cap of Rs 16326.47 Crore) operating in Hospitals & Allied Services sector.
Now bomb scare at Delhi museums, health institutes; nothing suspicious found
Several museums, including the National Museum and Rail Museum, and two mental health institutes -- IHBAS (Institute of Human Behaviour and Allied Sciences) and VIMHANS (Vidyasagar Institute of Mental Health, Neuro and Allied Sciences) -- have received bomb threat e-mails, officials said on Wednesday. The officials said that nothing suspicious was found in the searches and later the calls were declared hoax.
Mental health institute in Chandigarh receives bomb threat over email
A mental health institute in Chandigarh received a bomb threat via email, prompting the evacuation of patients and staff while authorities conducted a search operation. The threat was part of a series of emails sent to hospitals in Delhi and south India. Despite extensive searches by police, bomb disposal squads, and fire officials, no explosives were found. The institute's deputy medical superintendent reported the incident and email contents to the police.
Need to ensure arbitration institutions are not controlled by "self-perpetrating clique": CJI
Speaking at the Supreme Court of the United Kingdom, Chandrachud said now is the time for countries such as India to step up to the occasion to create and promote a culture of commercial arbitration and the robust institutionalisation of arbitration will further the culture of arbitration in the Global South.
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