The Reserve Bank on Tuesday proposed to introduce a new category of money changers who may conduct business through an agency model by becoming Forex Correspondents (FxCs) of Authorised Dealers.Currently, the Reserve Bank issues licences to authorised dealers — banks authorised to deal in foreign exchange — and full-fledged money changers. Licences are also granted […]
Partnerships between fintechs and traditional lenders will increase in 2024 as the former struggle to garner sufficient funds to build their own balance sheets. Simultaneously, fintechs must contend with a rise in compliance costs with Reserve Bank of India (RBI) tightening scrutiny in recent years, say experts. In recent months, various banks and non-banking financial […]
Footwear major Bata India has received a notice from the State Tax Officer, Anna Salai Assessment Circle, Chennai, amounting to Rs 60.56 crore, the company said in a filing to the bourses on Thursday. The notice dated December 27, 2023, pertains to several issues raised in a final audit report on December 25, for the […]
The SGX Nifty is trading flat, mildly in the green, higher by 14 points. Nifty futures on the Singaporean exchange are at the 17,699 level, indicating a tepid start for the domestic equity indices, BSE Sensex and NSE Nifty. On Monday, the markets extended their gaining streak for the sixth day, as Nifty rose 24 […]
Mankind Pharma’s IPO will open for public subscription on Tuesday, April 25. The drug makers’ initial public offer will conclude on April 27, and the bidding for anchor investors will open on April 24, according to the red herring prospectus (RHP). The IPO is entirely an offer for sale (OFS) of 40,058,844 equity shares by […]
The rupee settled 19 paise lower at 81.77 (provisional) against the US dollar on Tuesday, tracking a rebound in the greenback overseas and firm crude oil prices. Forex traders said sustained foreign fund outflows further weighed on investor sentiment. The domestic currency finally settled at 81.77, down 19 paise over its previous close. In the […]
Nikhil Parimal Desai bought 54,951 shares of Aarti Surfactants Ltd (AARTI-RE) at Rs 21.52 per share. Pluris Fund Ltd bought 2,00,000 shares of Accuracy Shipping Ltd (ACCURACY) at Rs 186.00 per share. Multiplier Share & Stock Advisors Pvt Ltd sold 3,78,000 shares of Bright Solar Ltd (BRIGHT) at Rs 9.09 per share. Vikramkumar Karanraj Sakaria […]
By Shivangi Sarda NSE Nifty 50 index opened flattish on Wednesday and witnessed buying interest from the first hour of the session. It took support near 16442 levels and headed towards 16650 zones then finally closed with gains of around 160 points. It formed a Bullish Engulfing candle or an Outside Bar on daily scale […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad:Fuel prices continued to stagnate on Sunday, 5 February 2023, keeping costs steady for about eight months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing at […]
Indian benchmark indices are likely to open on a negative note, hinted SGX Nifty. Ahead of the weekly F&O expiry session, Nifty futures were trading 0.5% lower at 18,123 level on the Singapore Exchange. In the previous session, the BSE Sensex rallied 390 pts to 61,046, while NSE Nifty 50 jumped 112 points to 18,165. […]
网站备案号: 粤ICP备16118000号-1