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☆ Shared Korda 'tennis DNA' helping coach Stepanek produce early results
▼ + stars: | 2023-01-23 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +3 min

"It's a beautiful circle of life that after Petr coached me for so long I'm now in Sebi's camp," Stepanek, who began working with the younger Korda last year, told reporters. "I believe you'll see compared to last year changes in how Sebi is handling himself on the tennis court. I think that's the biggest improvement he's made and he's getting early results." "If it happens here or happens later that's the future, we can only affect the present. He's on the right path and I believe if he stays the course, then it's a question of time."

☆ Exclusive: India regulator probes investments between Nippon Mutual Fund, Yes Bank, sources say
▼ + stars: | 2023-01-19 | by ( Jayshree Pyasi | ) www.reuters.com time to read: +4 min

MUMBAI, Jan 19 (Reuters) - An Indian regulator is investigating investments between Nippon India Mutual Fund, the largest foreign-owned fund in the country, and Yes Bank between 2016 and 2019 for suspected misuse of investors' money, sources said. SEBI's regulations say that the parent of a mutual fund cannot access investors' money either directly or indirectly. The current owner of the fund, Nippon India, as well as the previous owner could be liable, the sources said. As of December 2022, Nippon India was the fourth-largest mutual fund in India with assets under management of 2.9 trillion rupees ($35.46 billion) as well as the biggest foreign-owned mutual fund. On Friday, SEBI proposed further tightening of mutual fund regulations asking mutual fund owners to reduce their stake gradually as a measure to check their influence on investment decisions.

Indian companies raised around 5.38 trillion rupees ($64.95 billion) through private placements in 2022, largely aided by the banking system's massive cash surplus, data showed. Public issues were only to the tune of around 80 billion rupees. Indian companies raised 127.1 billion rupees and 175.3 billion rupees through public issues in 2020 and 2021 respectively, SEBI data showed. Fundraising through private placement stood at 8 trillion rupees and 6.31 trillion rupees respectively. "I think public issues are rising because the repricing of bank fixed deposits was very gradual, while public issues are realigning to market realities much faster," said Sudhir Agrawal, executive vice president and fixed income fund manager at UTI Mutual Fund.

But many are delaying IPOs amid a stock market rout that has raised concerns over frothy tech valuations. In a statement to Reuters, Snapdeal said it has decided to withdraw the IPO prospectus "considering the prevailing market conditions", without elaborating. It adding that Snapdeal may reconsider an IPO in future depending on its need for capital and market conditions. The change of Snapdeal's plans comes as tech stocks in India that listed in recent years face investors' wrath. In August, TPG and Prosus-funded Indian online pharmcy PharmEasy withdrew papers for its $760 million IPO, while Warburg Pincus-backed seller of wireless earphones, boAT Lifestyle, also withdrew its papers in October.

☆ INDIA STOCKS Indian shares may open lower, tracking Asia
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +3 min

BENGALURU, Oct 25 (Reuters) - Indian shares are poised to edge lower at open on Tuesday, tracking weakness in Asian markets, with limited downside seen on the back of expectation the Federal Reserve may slow its pace of rate hikes. However, in the one-hour of trade, shares of Yes Bank Ltd (YESB.NS), ICICI BANK (ICBK.NS) and Hindustan Unilever Ltd (HLL.NS) fell between 2.8% and 3.9%. In addition, foreign institutional investors sold a net 1.54 billion Indian rupees ($18.61 million) worth of equities on Monday, while domestic investors bought net 801.2 million rupees worth of shares, as per provisional data available with the National Stock Exchange. ** Kotak Mahindra Bank (KTKM.NS) on Saturday reported a bigger-than-expected jump in net profit for the June-September quarter, lifted by strong loan growth. ** Yes Bank (YESB.NS)said on Saturday its profit fell in the July-September quarter as it set aside more provisions for bad loans recorded in previous quarters.

☆ India's regulator bars Bombay Dyeing and others from securities market
▼ + stars: | 2022-10-22 | by ( ) www.reuters.com time to read: +2 min

MUMBAI, Oct 22 (Reuters) - India's Bombay Dyeing and Manufacturing Company Ltd (BDYN.NS) has been barred by the country's capital market regulator from the securities markets for two years. The Securities and Exchange Board of India (SEBI) issued a statement late Friday barring Bombay Dyeing and its "promoters" (owners) - Nusli N Wadia and his sons, Ness and Jehangir - from the securities markets for up to two years. Four companies in the Wadia Group are listed on Indian Stock Exchanges, including Bombay Dyeing. The regulator said it had conducted a detailed investigation into the affairs of Bombay Dyeing from 2011-2012 and 2018-2019. The Wadia Group has been contacted for comment.

☆ India's Digit Insurance IPO kept on hold by markets regulator
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Francis MascarenhasMUMBAI, Sept 20 (Reuters) - India's markets regulator has kept an initial public offering from Digit Insurance on hold, according to a document on its website. The Securities and Exchange Board (SEBI) said the company's IPO was kept in 'abeyance', but did not offer any further explanation for the action. Reuters reported last month that the company, backed by backed by Canadian billionaire Prem Watsa's Fairfax Group, aimed to raise around $440 million through an initial public offering. read moreFounded in 2017, Digit is trying to expand its presence in general insurance by offering a better customer service including easier claim settlements. Register now for FREE unlimited access to Reuters.com RegisterReporting by Abhirup Roy in Mumbai, writing by Shilpa Jamkhandikar; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ Un deputat român, răpus de COVID-19; Avea doar 49 de ani
▼ + stars: | 2020-12-09 | by ( Redactia Zdg | ) www.zdg.md time to read: +1 min

Deputatul român Radu Sebastian a decedat la 49 de ani, fiind primul parlamentar român care moare din cauza COVID-19. La câteva zile după ce a fost diagnosticat cu COVID, au apărut complicaţii şi a fost transferat de la Buzău la Spitalul Militar Central din București. Bunul meu prieten și coleg Sebastian Radu a pierdut lupta cu acest virus perfid. Sebastian Radu a fost viceprimar al municipiului Buzău în anul 2012, dar a demisionat din funcţie în urma unor neînţelegeri cu fostul primar Constantin Boşcodeală. După ieşirea acestuia din politică, a revenit în PSD, de unde a candidat şi a fost ales deputat în anul 2016.

Persons: Radu Sebastian a, . Deputatul, Sebastian Radu, Dumnezeu, !, Marcel Ciolacu, Constantin Boşcodeală, Radu, Radu Sebastian Organizations: Central, PSD, Facebook Locations: Germania, Buzău, București

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