Pinnacle Market Investment Advisory

As per Deutsche Bank's India Equity Strategy Report, Domestic investors are taking a higher position in equities and a surge in mutual fund inflows has reduced vulnerability of the Indian stock market to foreign fund flows.

The department of investments and public assets management (DIPAM) has shortlisted investment banks to manage the initial public offering (IPO) of Indian Railways Finance Corporation Ltd (IRFC), as per sources.

Global diversified natural resource majors, Vedanta Ltd and Cairn India Ltd have received all regulatory approvals for their merger, except the Reserve Bank of India's (RBI) approval for issue of preference shares, the company spokesman said.

Indian companies have raised over Rs 2.00 lakh crore by issuing bonds on private placement basis on BSE's electronic book platform BSE BOND since its launch last July.

The Housing & Urban Development Corporation Limited (HUDCO) has received capital markets regulator SEBI's approval to raise funds through an initial Public Offering (IPO) as part of the government's disinvestment drive.

The Union Cabinet today, cleared four legislations to implement the Goods and Services Tax (GST), prior to their introduction in Parliament this week to enable implementation of the tax reform from July first.

The Bombay Stock Exchange (BSE) has decided to do away with weekly and monthly price limits for securities listed on its platform to align periodic price band mechanism with new GSM – New graded Surveillance measure – frame work.

Indian companies have raised about Rs 1.75 lakh crore by issuing bonds through private placement on BSEs electronic book mechanism since its launch last July, the BSE chief Ashishkumar Chauhan said today.

Infrastructure Leasing & Financial Services Limited (IL&FS) has said that the company has framed a joint investment platform with American private equity company LONE STAR for stressed infrastructure projects across India.

Two small &  medium enterprises' (SMEs) Initial Public Offering viz. Akash Infra Projects and RMC Switchgears, are going to issue next week in order to raise about 30 crore for investor's sentiment.