UPI payments for capital market transactions will attract a nominal 0.02% Merchant Discount Rate, capped at Rs 300. The fee covers mutual funds, securities, brokers and dealers, with limited impact expected for long-term investors but greater sensitivity among frequent traders.
Valmiki Leela Capital has built a ₹3,000 crore IPO pipeline for the next 12-18 months across renewable energy, power, pharmaceuticals, packaging and electrical goods after completing its maiden ₹460-crore Deepa Jewellers mainboard mandate with strong investor subscription.
Sebi has put forth a proposal to lessen the duration of disaster recovery drills for market infrastructure institutions, reducing them from a full trading day to a minimum of four hours. This step aims to bolster operational resilience and improve data recovery processes within exchanges. The drills will be held on non-working days to replicate realistic trading conditions.
In a recent turn of events, foreign portfolio investors pulled out over Rs 5,109 crore from Indian government securities. This significant withdrawal was driven by global uncertainties and a declining rupee, alongside soaring crude oil prices and increasing US Treasury yields. Such conditions rendered Indian sovereign debt less appealing, prompting capital flight from emerging markets, notably India.
Edwin Lefevre’s quote highlights how being correct too early can prove costly in business and investing. Great ideas depend on timing, patience and preparation, as markets, customers and capital may take years to validate sound decisions.
NSE may seek Sebi’s approval to allow its shares to trade on its own platform after its IPO, despite being formally listed only on BSE. The exchange is exploring the permitted-to-trade route, which could expand investor access while keeping NSE subject to regulatory oversight and its existing compliance obligations.
Nifty witnessed a sharp 2% plunge in indicative price within seconds during Tuesday’s closing auction session before recovering losses. The volatility comes amid concerns over the new CAS system, with Sebi proposing changes to expiry-day settlement and trading mechanisms.
Embassy Developments is set to launch two new housing projects in Bengaluru, contributing to an extensive 85-acre township named Embassy Origins. With an anticipated revenue of Rs 4,500 crore, these projects will comprise 217 luxurious villas and 855 contemporary apartments. This strategic expansion reflects the robust demand for housing in the rapidly growing Bengaluru market.
The Bank of Korea’s August rate hike exposed a growing policy divide, with one policymaker voting against the increase and favouring a pause. While inflation and financial stability risks support tighter policy, concerns over economic growth and rising loan delinquencies could make the central bank more cautious about further rate increases.
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