Saturday, September 05
Real Madrid president Florentino Perez is considering allowing investors to buy a stake of up to 10% in the club, and insisted the Super League remains an "indispensable project" for the future of soccer.Speaking to club members at the club's general assembly on Sunday, Perez said he will propose a statutory reform during an extraordinary assembly to allow for the possibility of outside investors to take a minority stake in the club."We will continue to be a members' club, but we must create a subsidiary in which the 100,000 members of Real Madrid will always retain absolute control," he said. "On that basis, this subsidiary could simply incorporate a minority stake, for example, 5% - never more than 10% - from one or more investors committed to the very long term and willing to contribute
Markets regulator Sebi has introduced a threshold-based framework to determine the materiality of related party transactions (RPTs), based on the annual consolidated turnover of the listed entity.Also, the regulator has revised thresholds for approval by audit committees for RPTs undertaken by subsidiaries and simplified disclosure requirements for smaller related party transactions.These new norms are aimed at addressing practical challenges, removing ambiguities, and striking a balance between investor protection and ease of doing business under the Listing Obligations and Disclosure Requirements (LODR) norms.Under the new norms, entities with turnover up to Rs 20,000 crore, a transaction will be considered material if it exceeds 10 per cent of the annual consolidated turnover, Sebi said
The net worth of most of India’s wealthiest individual investors declined in the July–September quarter, as market declines eroded the values of several portfolios. Benchmark Nifty ended 2.9% and 1.4% lower in July and August, but rebounded 0.8% in September. The Nifty Midcap 150 and Smallcap 250 indices fell 4.3% and 6.2% between July and September, respectively, while the benchmark Nifty declined 3.6% in the same period. The holdings of investors, including Ashish Kacholia, Mukul Agrawal, Hemendra Kothari, and Anil Goel, fell between 10% and 29%. Nemish Shah’s portfolio was an outlier in an otherwise weak market, gaining nearly 48%, according to a study based on data from primeinfobase.com. Portfolio values were calculated for their holdings that exceeded 1% of equity in the compan
Zerodha co-founder Nithin Kamath has said that one of the most common and expensive mistakes traders make is believing they can predict the market, even though most know they cannot. Sharing insights from a new podcast episode on Zerodha’s YouTube channel, Kamath said there is a clear gap between "knowing" and "doing" when it comes to trading behaviour.Kamath's comments came as he highlighted a conversation between SEBI-registered research analyst Sandeep Rao and veteran trader Tom Sosnoff, the co-founder of Thinkorswim and tastytrade.Sosnoff, considered one of the most influential derivatives traders in the US, reflected on his decades-long career and how long it took him to understand that experience doesn't necessarily translate into predictive power.Sosnoff said he once believed he h
The Indian rupee posted its biggest one-day gain in a month on Monday as central bank intervention helped it rebound from near its all-time low, even as traders expect the currency to tilt more towards depreciation in the near-term.The rupee ended at 89.23 against the U.S. dollar, up 0.3% from its close at 89.48 in the previous session. The currency has declined more than 4% so far in 2025 and hit an all-time low of 89.49 on Friday.While the central bank's presence blunted the immediate pressure on the currency, market participants anticipate a continuing downward bias for the rupee in the absence of a breakthrough in U.S.-India trade negotiations.The Reserve Bank of India likely intervened before the local spot market opened on Monday, and intermittently thereafter, helping the currency h
