Every India match insured for up to ₹80cr

Mumbai: The India matches in the 2023 ICC Men’s Cricket World Cup are emerging as the most insured sporting events in India, with each match being insured up to Rs 80 crore. The most significant insurance coverage comes from the broadcaster Star India, where the total sum insured across 48 matches is estimated to be close to Rs 1800 crore. This figure does not include the coverage purchased by other stakeholders.
 

Zero-cost term insurance policy: Do benefits outweigh the costs?
Source Credit: Aprajita Sharma, mint

Cracking down on finfluencers: Emerging technologies could force SEBI to provide less leeway and become stricter
A lot has been said about the regulation of finfluencers in India. This niche of social media influencers has been under the market regulator’s scanner, which has, time and again, taken a firm stance against the misguided expectations set by them. Apart from proposing regulations to govern them, which include a plausible restriction on regulated intermediaries from tying up with unregistered finfluencers, the Securities and Exchange Board of India (Sebi) has also been actively taking enforcement action against finfluencers for making misleading claims and for offering advice without a license. 

Sahara-Sebi refund account may be transferred to government

The government is looking into the legality of transferring unclaimed funds of the Sahara-Sebi Refund Account to the Consolidated Fund of India, with a provision to refund investors who stake claims later.

Mutual funds’ NFO collection surges 4 times to Rs 22,000 cr in September quarter
Mutual funds’ collection through new fund offerings (NFOs) surged nearly four times to Rs 22,000 crore in the July-September period this fiscal compared to the preceding quarter as 48 new schemes hit the market. Going forward, more NFOs can be expected in the coming quarters as several AMCs become operational and offer similar and differentiated products to the equity and debt investors, Gopal Kavalireddi, Vice President of Research at FYERS, said. “With investors firmly believing in the India growth story and the emergence of new segments in organised space, more and more companies are seeking funds through primary and secondary market offerings.

FPIs turn buyers; invest Rs 1,433 cr in equities in November so far
After sustained selling in the last two and a half months, FPIs bought Indian equities worth Rs 1,433 crore thus far in November, mainly due to the decline in US treasury bond yields and crude oil prices. Foreign Portfolios Investors (FPIs) were net sellers till November 15. However, they reversed the selling trend by infusing money during November 16-17, data with the depositories showed. “The ongoing festive season in India has been seen as a contributing factor to the renewed interest of FPIs in the Indian market. Alongside this, a decrease in US Treasury bond yields and a decline in crude oil prices alleviated some of the pressures that prompted the sell-off earlier,” Himanshu Srivastava, Associate Director – Manager Research, Morningstar Investment Adviser India, said.

Bank of Baroda to raise up to ₹15,000 crore through infrastructure, tier-II debt bonds. Details here
Bank of Baroda on November 18 informed the stock exchanges that its capital raising committee has given the nod to raise up to ₹15,000 crore, comprising not more than ₹5,000 crore via the issuance of tier-II debt bonds and a maximum of ₹10,000 crore through infrastructure bonds.

GMR Airports plans Rs 1,950-cr debt raise at over 13% yield

Mumbai: GMR Airports Holdings is looking to raise ₹1,950 crore through a high-yield debt offering at a coupon rate of 13.275% with a tenor of three years.

Govt, regulators plan to revive AT1 bond market, re-examine rule for valuation

Mumbai: A concerted effort is on to revive the market for 'perpetual bonds' - complex securities that have sparked debates and court battles but without which many high-street banks would find it tough to raise capital in the coming years.