An industry chamber has demanded changes in the guidelines of Securities and Exchange Board of India (SEBI) for easy creation of more stock exchanges to bring in greater competition in capital markets through wider participation of SMEs and retailers. Assocham said the new exchanges would also ensure better price discovery to investors, specifically retail investors, [...]
United Bank of India’s initial public offer has received bids for all the shares on sale, data on the National Stock Exchange showed Tuesday, the first day for making bids. The issue received bids for 5.80 crore shares, against five crore shares on offer, thereby generating a demand of 1.16 times, according to the data [...]
Indian shares snapped a two-day falling streak to close 0.8 percent higher on Saturday buoyed by overnight gains on Wall Street, but BSE investors remained cautious about European debt and the global recovery. The Bombay Stock Exchange benchmark Sensex resumed higher by 142 points and touched an intraday high of 15,951.07 points before ending at [...]
