The Nifty PSU Bank Index is currently positioned in a manner where buying on dips presents the most favourable trading strategy for near-term traders.

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Adani Green Energy Ltd (AGEL), the renewable energy arm of the ports-to power conglomerate run by billionaire Gautam Adani, on Monday said it has redeemed USD 750 million worth of bonds as it deleverages business.
In a statement, the firm said it has completed "redemption of all outstanding USD 750 million 4.375 per cent Holdco Notes due on September 8, 2024."
The move is in step with its January announcement of a plan to redeem the USD 750 million worth of notes, eight months ahead of the redemption date.
Issued in September 2021, the three-year Holdco Notes supported AGEL's high-growth objectives. During the period, AGEL's capacity has increased more than three-fold - from 3.5 gigawatt (GW) to 11.2 GW, registering a CAGR (compounded annual growth rate) of 48 per cent.
The company had in January stated it would pay USD 169 million from its reserves and internal accruals, and USD 300 million from the consideration from a joint venture with TotalEnergies Renewables. The remaining US

Adani Enterprises, Adani group

Issued in September 2021, the three-year Holdco Notes supported AGEL's high-growth objectives. During the period, AGEL's capacity has increased more than three-fold

Sebi on Monday lifted restrictions imposed on 16 entities, including some former employees of Infosys, in a case pertaining to alleged insider trading activities in IT major shares.
The regulator also directed that the prohibition slapped on six entities -- Amit Bhutra, Bharath C Jain, Capital One Partners, Tesora Capital, Manish C Jain and Ankush Bhutra -- through the interim order, along with the confirmatory order, will stand vacated with immediate effect, bringing an end to the matter.
"I deem it fit to vacate the directions issued vide the interim order read with confirmatory order against noticees 2 to 7 and dispose of instant proceedings against all the noticees.
"The interim order and the Confirmatory Order in respect of the noticees have already been quashed by the SAT vide its order dated April 25, 2022," Sebi's whole-time member Ashwani Bhatia said in the 57-page final order.
The case originated after Sebi identified suspicious trading patterns around the financial resul

SEBI

The case originated after Sebi identified suspicious trading patterns around the financial results announcements of Infosys for four quarters, covering from December 2019 to September 2020

The petition has been restored to the original file for disposal. "Let the matter be heard (by the Bombay High Court) for passing an interim or final order," the Supreme Court said

Supreme Court, SC

While revenue growth for the companies represented in Nifty IT Index could be at an annual rate of 8.5 per cent over FY24-27

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Market regulator had directed NSE to appoint a valuer in its interim order in April

linde india

Mandates disclosure of beneficial ownership, allocates registration and monitoring responsibility to DDPs

The Securities and Exchange Board of India (Sebi) has notified norms governing foreign venture capital investors (FVCIs), effectively bringing them on a par with those for foreign  portfolio investors (FPIs). The amendments represent a comprehensive

Capital markets watchdog Sebi has notified rules to streamline the framework for the registration of Foreign Venture Capital Investors (FVCIs).
Under this, the process of granting registration to FVCIs and processing other post-registration references has been delegated to designated depository participants (DDPs) in line with provisions prescribed for FPIs (Foreign Portfolio Investors).
An applicant seeking registration as an FVCI is required to engage a DDP to avail of its services for obtaining a registration certificate as FVCI and at all times the DDP and the custodian of the FVCI shall be the same entity.
At present, the processing of applications for granting registration to FVCIs and related due diligence is carried out by the Securities and Exchange Board of India (Sebi).
"No person shall buy, sell or otherwise deal in securities as a foreign venture capital investor unless it has obtained a certificate granted by a designated depository participant on behalf of the Board 

At present, the processing of applications for granting registration to FVCIs and related due diligence is carried out by the Securities and Exchange Board of India (Sebi)

Suzlon Energy stock price surged up to 3.27 per cent to record an intraday high of Rs 77.18 per share on the BSE on Monday

Wind power, Suzlon

With a market cap of Rs 52,155 crore, Premier Energies was trading 6 per cent higher at Rs 1,157 on the BSE at 1:57 PM.

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A total four small and medium enterprises (SME) initial public offerings (IPO) are inviting bids for their respective issues starting from Monday, 9, September, 2024

Fundraising through SME IPOs in the first half of 2024 touches Rs 3,000 cr

Shares of Kitex Garments and Tribhovandas Bhimji Zaveri have hit multi-year highs after rallying up to 17% on the BSE in Monday's intra-day trade on the back of heavy volumes.

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The JV is aimed at establishing an assembly plant and an EV cell plant in the kingdom of Saudi Arabia (KSA).

share market

Ion Exchange share price surged up to 3 per cent to record an intraday high of Rs 685.20 per share on the BSE on Monday

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