The India Meteorological Department forecasts that dense to very dense fog is expected to persist in many parts of Northwest India over the next two days, gradually improving thereafter. The Met Office also said that there is a likelihood of light isolated rainfall in Northwest and Central India from December 30, 2023, to January 2, […]
Drone startup company DroneAcharya Aerial Innovations became the first drone company to list on the stock exchange. The DroneAcharya stock made its market debut and was listed at a 100% premium before ending the day with a gain of 88% at Rs 102 a share on the BSE SME Bourse. The Pune-headquartered drone company’s issue […]
The higher-than-budgeted expenditure on subsidies and rural employment guarantee scheme coupled with a lower-than-budgeted nominal GDP growth is likely to push the fiscal deficit up by 10 basis points (bps) to 6.0% of GDP in FY24, India Ratings and Research (Ind-Ra) said in a note. The Budget has pegged the nominal GDP growth at 10.8% […]
Indian equity indices concluded Wednesday’s muted session in green. The Sensex closed above 61,250 and the Nifty settled above 18,000. The top gainers of the Sensex were Tech Mahindra (up 5.79%), Reliance Industries Ltd (up 2.22%), Bajaj Finserv (up 1.44%), Bharti Airtel (up 1.24%) and Mahindra & Mahindra (up 1.19%). Markets Ahead: US inflation data […]
Domestic benchmark equity indices ended Tuesday’s volatile session the negative territory. The 30-share BSE Sensex settled below 60,700 and NSE Nifty 50 concluded below 17850, today as well. The top gainers on the Nifty 50 were NTPC (up 3.25%), Britannia (up 1.17%), Tata Steel (up 0.98%), Reliance Industries Ltd (up 0.86%) and Power Grid (up […]
Sebi on Friday tweaked its operational circular on credit rating agencies (CRAs), asking them to have a detailed policy by March-end in respect of non-submission of crucial information, including quarterly financial numbers, by the issuers. Also, the detailed policy should contain methodology in respect of assessing the risk of non-availability of information from the issuers, […]
By Shrikant Chouhan After a strong uptrend rally in the previous, the benchmark indices BSE Sensex and Nifty 50 witnessed profit booking at higher levels. The Nifty ended 208 points while Sensex was down by 709 points. On Tuesday, despite tepid market conditions Nifty opened on a positive note but due to consistent profit booking […]
In yet another incident of being duped by a travel agent, six youths, who got trapped in a Russian prison, were able to return home. This development came just two days before a flight carrying over 270 passengers landed in Mumbai on Tuesday after being grounded in France over suspected human trafficking. The six men, […]
Global stocks and bonds fell on Tuesday as a surprise policy tweak by Japan’s central bank rattled investors already worried about the economic fallout of rising interest rates and lifted domestic bond yields to seven-year highs. The Bank of Japan (BOJ) widened the allowable band for long-term yields to 50 basis points either side of […]
The Securities and Exchange Board of India (Sebi) on Friday said it has disposed of charges against L&T Mutual Fund and its former officials on violation of norms during inter-scheme transfers between April 2017 and June 2018. The closure of the case came after the fund house and its former officials applied for settling the […]
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