The Finance Naka

SEBI came up with a circular approving extended trading in the derivatives segment and it will certainly have lot of impact in different ways. We are moving towards being a matured market. However, if you are an options trader and wondering how it will impact your trading pattern;  here are a few technicalities which may change as a result of extended derivatives trading. Lower Volatility Option writers are majorly trying to make money from either theta decay in options or volatility drops. Mostly the perceived volatility of the market is higher than historical volatility and that is the opportunity for option writers. Volatility is a factor of uncertainty and more news / events happens outside the trading window more will be the risk as there might not be an opportunity to act immediately. Gap-ups and Gap-downs are common for an events reactions and this risk keeps the volatility high. With extended trading hours in derivatives the uncertainty becomes lower for

L eading cab aggregators Uber and Ola are set to face tough competition in the city with the launch of cab-hailing app S3 Cabs next week, which is more driver-focused in terms of fees and over-all benefits. Promoted by city-based mid-sized logistics player Bharat Freight Group, S3 Cabs has already roped in over 700 cabbies from Ola and Uber even before the launch, Sohel Kazani, director, Sahayadri Smart Safe, which owns S3 Cabs brand told PTI. "The main USP for S3 Cabs is that its drivers will not be charged for the first Rs 1,800 collection every day and collections above this will be charged only at 10 percent, which is just 50 percent of what Uber and Ola charge to their drivers," Kazani added. He said the service will be launched formally by state chief minister Devendra Fadnavis "any day between May 7 and 14" depending on his availability. Kazani, who has been into logistics and transport business for decades, claimed to have the advantage of full s

US retail giant Walmart’s USD 12 billion acquisition of India’s biggest e-commerce firm  Flipkart  is in the final stages and a deal is likely to be announced in the next few days, according to sources. The contours of the deal, which is expected to see Walmart taking nearly 72-73 per cent stake, are being finalised following which approval from the both the boards will be taken, sources privy to the development said. They declined to be identified as the matters are still under discussion and are confidential. Separately, Bloomberg reported that board of Flipkart Online Services has approved an agreement to sell about 75 per cent of the company to a Walmart-led group for about USD 15 billion. Walmart is likely to buy stakes of multiple Flipkart investors, including that of Tiger Global Management and Softbank to end up with a significant majority holding, sources said. Tiger Global and Masayoshi Son-led Softbank hold about 20 per cent stake each in the Singapore holding company

How to book Tatkal e-tickets from IRCTC and make payment via e-wallet: 1. You need to create an account on IRCTC’s online portal. 2. You are requested to login to the IRCTC official website as much as 5 to 10 minutes before the stipulated time. 3. The maximum number of people you can book the e-ticket is 4 Passengers per PNR for Tatkal tickets. 4. For AC ticket the time starts at 10:00 AM and for Non-AC ticket, the time starts at 11:00 AM. 5. You need to select origin-destination and the date of journey. Click on Submit. 6. This is where you need to select quota as “TATKAL”. After doing that, you need to click on BOOK NOW for today’s date for any train. 7. Fill in the details correctly such as Name, Age, Gender, Seat Preference etc. 8. You need to check the “Book only if confirm berths are allotted” checkbox. 9. Another thing to keep in mind is that you will need to enter the Captcha carefully. 10. While making the payments, you will need to select the e-wallet. You can

IFCI plans to merge IFCI Financial Services (IFSL) with Stock Holding Corporation of India (SHCIL) as part of the efforts to gain synergies out of the common businesses of these two subsidiaries. As of end-March 2017, IFCI held 94.78 per cent stake in IFSL and 52.86 per cent stake in SHCIL. “The Board approvals are already in place from the three concerned entities. We have sought government’s approval also. The combination is expected to be completed by end-June,” sources in IFCI said. In fact, IFCI was earlier looking to complete the transaction by the end of March 2018. The share swap ratio for the proposed combination is yet to be finalised, sources said. IFCI has been looking to divest holding to unlock value. IFCI:Background IFCI , previously  Industrial Finance Corporation of India , is an Indian government owned  development bank  to cater to the long-term finance needs the industrial sector. It was the first  development finance institution  established by

Former IRDAI member Radhakrishnan Nair has been appointed to ICICI Bank’s board as an Additional (Independent) Director. His appointment will be for a period of five years and is subject to shareholders’ approval. Nair has around 40 years of experience in the banking industry and in the field of securities and insurance regulation. He is already an independent director of three subsidiaries of ICICI Bank — ICICI Prudential Life Insurance Company Ltd; ICICI Prudential Trust Ltd and ICICI Securities Primary Dealership Ltd. Meanwhile, Tushaar Shah, an existing non-executive independent director at ICICI Bank, will complete his term of eight years and cease to be director from Thursday. (Source:Hindu)

Complying with the Know Your Customer or KYC norms is mandatory for every mutual fund's investor. It is important for an investor to submit their identity details to the mutual fund houses. AMC's are required to formulate rules and implement a customer identification program in accordance with the Prevention of Money laundering Act, 2002 (PMLA). These rules and regulation gets updated and is issued by SEBI from time to time. The KYC process is free for the investors. What are all documents required? Firstly, you need to get a KYC form which you can download from the various website. You can also ask for the form from a broker or an agent if you are dealing with any of them. After filling up the form, you need to provide self-attested copies of the following documents along with it you need to carry originals for In-person verification. => Proof of identity => Proof of Address => PAN Card => Photograph => Aadhaar Card, if required Where should you submit t