Dec 7
Did you miss all the market and investing news this week? Here’s a curated reading list of BL’s most important market and financial stories over the week.
The MPC surprised markets by opting for a pause in rate cuts even as it pruned its GDP growth forecast to 5 per cent.
Read: RBI cuts policy rate and FY20 growth forecast
Here’s what the Governor said….
Also Read: Good coordination with government on policy measures, says RBI Governor Shaktikanta Das
Bumper issue
Saudi Aramco managed to raise over $25 billion at the upper end of the price band in the world’s largest IPO till date
Read: Saudi Aramco raises $25.6 b in the world’s biggest IPO
Bond with bonds
With Bharat Bond ETF, investors are soon set to get access to a low -cost vehicle investing in PSU bonds.
Read: With Bharat Bond ETF, Cabinet opens PSU debt to retail investors
Still under consideration
You may yet get tax breaks from the Direct Taxes Code, which the government is examining.
Read: Government is examining Direct Taxes Code: FM Nirmala Sitharaman
Positive flows
FPIs continued to pour money into India for the third consecutive month in November.
Read: FPIs net buyers for 3rd month; invest Rs 22,872 cr in November
AIFs in spotlight
After mutual funds and PMS, SEBI is now looking to tighten the screw on AIFs
Read: SEBI wants IPO-like prospectus from AIFs
Barred
SEBI has barred three investors from the market for front-running trades of the Fidelity group.
Read: SEBI bans 3 individuals for front-running Fidelity Group trades
On tap
RBI has finally unveiled its guidelines for on tap licensing of small finance banks.
Read: Final guidelines for on-tap licensing of SFBs unveiled