The dematerialization process First, open demat accounts for the transferor and the transferee. “We get two demat accounts—one for the transferor and one for the transferee. If units are in physical form, they must first be dematerialized,” explains Amit Sahita, director of Fincode Advisory Services Pvt. Ltd. View Full Image Graphic by Pranay Bhardwaj If … Read more
Mumbai: Investors pumping in money into stocks of small- and mid-sized companies or smids have seen their wealth erode by a staggering ₹26 trillion since 20 September, when the market capitalisation of the relevant indices hit record highs. Comparatively, provisional data from the BSE shows that the top 10 companies by market capitalisation have cumulatively … Read more
These modifications follow the Insurance Regulatory and Development Authority of India’s (Irdai) master circular on life insurance products (Insurance Products Regulations, 2024). Key changes include reducing the entry age to buy an endowment plan to 50 years from 55. The minimum basic sum assured has been increased to ₹2 lakh from ₹1 lakh with an … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) On Tuesday issued a draft circular inviting public feedback on the criteria for recognizing digital platforms as Specified Digital Platforms (SDPs). According to Sebi, the recognition of these platforms is crucial to ensure they do not enable illegal activities related to securities, such as unregistered entities … Read more
Secondary residency involves an economic contribution to the host country or a real estate purchase in exchange for residency rights. There are residency by investment programmes, also known as Golden Visas, all over the world, but the most popular ones in UHNWI circles are in Europe, West Asia, and North America. In Europe, established residency … Read more
United Heat Transfer IPO Day 1: United Heat Transfer IPO received strong interest on the first day of bidding, with an overall subscription of 1.24 times by 2:30 PM on Tuesday, October 22, 2024. The retail category was subscribed 1.32 times, while qualified institutional buyers (QIBs) showed the most enthusiasm, with a 1.74 times subscription. … Read more
Credit cards offer a host of benefits for customers. Cashback rewards are one of the major attractions in credit cards for users. Cashback refers to the percentage of money that is credited back to the customer’s credit card account for the purchases she/he has made. The percentage can be as high as 5% of the … Read more
Waaree Energies IPO: Subscription for the initial public offering (IPO) of Waaree Energies Limited began on 21st October 2024 and will remain open for bidders until 23rd October 2024. The solar PV module maker company has fixed Waaree Energies IPO price band at ₹1427 to ₹1503 per equity share. The company aims to raise ₹4,321.44 … Read more
A personal loan can be a useful financial tool for various needs, whether you have an upcoming event, want to take a relaxing holiday, or face an emergency requiring quick cash. With a personal loan, you can access funds without needing collateral, and the application process can be completed online in just a few simple … Read more
Shah Capital Management, one of Veon Ltd.’s shareholders, has urged the wireless operator to list Ukraine’s largest mobile company Kyivstar and buy back shares to boost its stock performance. Shah Capital pushed for the listing of Kyivstar on the Nasdaq while citing the potential of “being the sole Ukrainian investment theme on the US equity … Read more