15 May , 2024 By : Debdeep Gupta
Here is a collection of the most important stories this morning:
LIC gets SEBI nod for additional 3 years to meet MPS norms
Life Insurance Corporation of India Ltd. (LIC), the largest life insurer in India, on May 15 informed the exchanges that market regulator Securities and Exchange Board of India (SEBI) has granted an additional three years to achieve 10 percent public shareholding.
TBO Tek arrives in style, and lists at a 55% premium on the market debut
Shares of TBO Tek made a stellar entry on the bourses on May 15 as it listed at Rs 1,426 at NSE, a premium of 55 percent over the issue price of Rs 920.
SC orders release of NewsClick founder Prabir Purkayastha, calls arrest illegal
The Supreme Court on Wednesday ordered the release of NewsClick founder and editor Prabir Purkayastha in the UAPA case after holding that his arrest and remand were illegal.
Mid-tier IT loses more ground than larger ones as vendor consolidation gains steam
Mid-tier information technology (IT) companies lost more ground than their larger peers in the financial year 2023-24 as vendor consolidation deals by clients have led to a decline in revenue growth, and that too on a smaller base. Although mid-tier companies continued to outperform their Tier-1 peers, the year-on-year (YoY) growth rate halved in FY24.
MSCI rejig: Paytm out, Indus Towers, PB Fintech, Phoenix Mills gets an entry
The MSCI India Index has seen 13 additions and 3 deletions in the May review, an official statement said on May 15. Among notable changes, Paytm parent One97 Communications has been excluded from the Global Standard index while Indus Towers, PB Fintech, and Phoenix Mills bagged an entry.
SEBI offers relief on KYC compliance norms for mutual fund investors
In a relief for mutual fund investors, the capital markets regulator the Securities and Exchange Board of India (SEBI) has done away with the requirement of linking a permanent account number (PAN) with Aadhaar to get "KYC-registered" status for MF transactions.
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