The Central Bank of Kenya (CBK) will from next month stop paying a commission to stockbrokers, custodian banks and authorised securities dealers who help it sell Treasury bonds, cutting them off from revenue worth hundreds of millions of shillings annually. The CBK has been paying the placing agents—who act as intermediaries between the central bank
Kolkata, Aug 22: INDmoney, a leading stock broking platform, has announced Instant Withdrawals via UPI for its Indian stock investors.The feature enables users to withdraw their funds into their savings accounts instantly, even if they are trading on the same day.The feature addresses a key problem statement for stock investors, boosting liquidity by ensuring real-time
A recent circular by the National Stock Exchange (NSE) mandating persons that refer clients to trading members to be appointed as authorised persons (APs) has sent brokers in a tizzy. “With a view to safeguard the interest of investors, it is clarified that any person referring a client to the trading member shall be appointed
Capital market regulator Sebi on Wednesday slapped a fine of ₹11 lakh on brokerage firm IIFL Securities for flouting stock broker rules and other regulatory norms. Sebi conducted an inspection of IIFL Securities Ltd covering the period from April to July 2022 to assess the firm’s adherence to regulatory requirements. Following the inspection, Sebi issued
New Delhi: Capital market regulator SEBI on Wednesday slapped a fine of Rs 11 lakh on brokerage firm IIFL Securities for flouting stock broker rules and other regulatory norms. The Securities and Exchange Board of India (SEBI) inspected IIFL Securities Ltd (IIFL) to look into various compliance requirements adhered by the brokerage firm. The inspection
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock’s price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let’s see
New Delhi, Aug 21 (PTI) Capital market regulator Sebi on Wednesday slapped a fine of Rs 11 lakh on brokerage firm IIFL Securities for flouting stock broker rules and other regulatory norms. The Securities and Exchange Board of India (Sebi) inspected IIFL Securities Ltd (IIFL) to look into various compliance requirements adhered by the brokerage
Market regulator Securities and Exchange Board of India (Sebi) has imposed a penalty of Rs 11 lakh on IIFL Securities after finding the company in violation of stock brokers’ norms. Sebi conducted an inspection of IIFL Securities between August 18 and August 25, 2022 to look into various compliance requirements for the period beginning April
Singapore, Singapore, August 21st, 2024, FinanceWire VauldAction.org, a newly launched platform, is now live, dedicated to uniting creditors and supporting them in advocating for their rights. The website serves as a hub for information, resources, and updates to help creditors work together effectively. “VauldAction.org was created to bring creditors together, offering them the tools and
2 min read Last Updated : Aug 20 2024 | 11:20 PM IST International brokerage firm Macquarie reaffirmed its ‘outperform’ rating for Tata Consultancy Services (TCS), India’s largest IT services firm, and praised the company’s AI investments and use cases as impressive. The brokerage firm also added TCS to the Macquarie Marquee idea list.