Tuesday, August 18
Market regulator Sebi has overhauled its more than three-decade-old stockbroker regulations, allowing brokers to carry out activities under the framework of other financial regulators, in a move aimed at providing ease of compliance as well as ease of doing business.The new rule --- replacing Sebi's (Stock Brokers) Regulations 1992 with the Sebi (Stock Brokers) Regulations 2026 (SB Regulation) -- simplified regulatory language, removed outdated provisions, and introduced clearer definitions.Under the new rule, Sebi, in its notification on Wednesday, said, "A stock broker may carry out an activity under the regulatory framework of the other financial sector regulator or any other specified authority in the manner as may be specified by the Board. Such activity shall fall under the purview o
ET Intelligence Group: Bharat Coking Coal, a Miniratna PSU and the country's largest producer of coking coal, aims to raise ₹1,071 crore through an offer for sale (OFS). Promoter Coal India's shareholding will decline to 90% after the IPO from 100%. The company is well placed to tap rising coking coal demand, supported by the steel industry's expansion. The Miniratna company plans to commission three new washeries with a combined capacity of seven million tonnes per year. However, it exhibits higher customer concentration risk and longer working capital cycles. The other challenge is rising adoption of renewable energy sources, which is expected to impact coal demand over the long term as the company generates nearly 75% revenue from the power sector. Given these factors, the issue is su
Mumbai: India's equity capital markets are set for another strong year in calendar 2026, with total issuance volumes expected to cross ₹6 lakh crore, supported by a deep pipeline of initial public offerings, qualified institutional placements, block deals and yield-oriented products, according to Kotak Investment Banking. IPO issuance alone is projected at around ₹2.5 lakh crore in CY26, with new-age technology and consumer-facing companies continuing to dominate the market. "A lot of billion-dollar-plus IPOs will happen, and probably anywhere between 35% of the fundraise will be from large IPOs," said V Jayasankar, managing director at Kotak Mahindra Capital Company, at a press briefing. "New-age companies will continue to be in the forefront of fundraising, as we saw last year." The
