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Broking firms experienced a profit and revenue decline in the September quarter due to reduced market volumes and Sebi's new regulations. Stricter margin norms and the 'true-to-label' circular impacted earnings, while intense competition and technology spending increased costs. Analysts suggest the sector remains under pressure, with future performance dependent on non-broking revenue streams and regulatory stability.
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News and Media
German firm DWS Group is acquiring a 40% stake in Nippon Life India Asset Management's alternatives business. This partnership aims to expand operations in alternatives, active, and passive assets. The companies will also jointly launch passive products. A global distribution arrangement is planned for India-focused mutual funds. The alternatives sector in India is poised for significant growth.
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News and Media
The Securities and Exchange Board of India (Sebi) is proposing a separate, concise offer document summary to improve retail investor engagement in IPOs. This initiative aims to make key disclosures more accessible, reducing reliance on unregulated information sources. Sebi is also streamlining the process for pre-IPO pledged shares.
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News and Media
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