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Tag: Securities

Dec192019 by adminNo Comments
Midcaps, smallcaps to outperform benchmarks in 2020: HDFC Securities

Midcaps, smallcaps to outperform benchmarks in 2020: HDFC Securities

Finance
Mumbai: HDFC Securities Ltd said on Thursday that mid-cap and small-cap indices are most likely to outperform the benchmarks in 2020 after two consecutive years of under-performance. "The markets are getting polarised day-by-day in terms of volumes and market capitalisation. This means that a vast portion of portfolio of retail and high net-worth individual (HNI) investors do not reflect the bullishness displayed by Nifty," said the leading stock broking company. Investors are now selling stocks and mutual funds at a faster pace than earlier in the present age of disruption. One of the reasons for this is also the low difference in tax rates between short-term and long-term capital gains, said HDFC Securities adding that investors are also shaken by frequent changes in the composition of N...
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Dec32019 by adminNo Comments
Karvy case: SAT suspends further transfer of clients’ securities

Karvy case: SAT suspends further transfer of clients’ securities

Finance
New Delhi: The Securities Appellate Tribunal (SAT) on Tuesday suspended further transfer of investors securities that Karvy Stock Broking had pledged with lenders. The move comes a day after the market regulator Sebi's directive to NSDL to transfer the investors' securities, held by Karvy Stock Broking (KSBL), in their respective accounts. The decision resulted in nearly 83,000 investors getting back their securities that were illegally transferred by the broker to its own account and were even pledged without any authorisation. With this transfer by National Securities Depository Ltd (NSDL), nearly 90 per cent investors received their securities. Karvy has taken loans to the tune of Rs 600 crore by pledging securities worth more than Rs 2,300 crore of 95,000 clients with lenders, includin...
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Sep272018 by adminNo Comments
Regulators accuse Tesla's Elon Musk of securities fraud

Regulators accuse Tesla's Elon Musk of securities fraud

Technology
The Securities and Exchange Commission has filed a lawsuit accusing Tesla boss Elon Musk of securities fraud.The US financial regulator says Mr Musk's claims that he had secured funding to take the electric carmaker private were "false and misleading".It is seeking to bar Mr Musk from acting as an officer or director of a publicly traded company.Mr Musk called the action "unjustified" saying he acted in the "best interests of truth, transparency and investors"."Integrity is the most important value in my life and the facts will show I never compromised this in any way," he said in a statement. The weird and wonderful life of Elon Musk Tesla's Elon Musk in the hot seat, again Mr Musk startled the business world last month when he took to Twitter to announc...
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