Tue, Oct 22, 2024 8:38 PM
IPO shows HMIL’s commitment to India, says Hyundai chief
A Flip by Avya Verma
Bajaj Housing Finance Ltd has come out with first quarterly results post listing after separation from Bajaj Finance Ltd. After its bumper listing, the stock's performance has been muted. This could indicate investors’ concern about interest spread or the gap between yield on advances and the cost of borrowings at 1.9% in the September quarter (Q2FY25) versus 2.3% a year ago.
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SEBI has implemented amendments to insider trading norms for asset management companies, requiring quarterly disclosure of holdings and transactions exceeding Rs 15 lakh by designated persons, trustees, and their relatives, effective November 1. The new rules aim to increase transparency and prevent profit-making from trading in the same security within 30 days.
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Azura, a new platform for decentralized finance, launched on Tuesday after raising $6.9 million in a seed round led by Initialized. 21-year-old CEO and founder Jackson Denka says Azura will make DeFi easier by connecting a wide variety of crypto wallets, blockchains, exchanges and other protocols within one interfacing layer.
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