By Subash Gangadharan On the Daily Nifty chart, we can observe that after recently touching a low of 15183, the Nifty has been consistently rising and making higher tops and higher bottoms over the last few weeks. In the previous week, the Nifty 50 index crossed the previous intermediate high of 16794, thereby reversing the […]
Torrent Group has moved the Supreme Court against the National Company Law Appellate Tribunal’s (NCLAT) order that permitted holding of an extended auction for Reliance Capital, which is undergoing insolvency proceedings. In its filing, the Gujarat-based firm has termed the administrator’s decision to hold another round of challenge process “illegal”, even as it sought a […]
Former Jammu and Kashmir Chief Minister and National Conference MP Farooq Abdullah said that Kashmir could meet the same fate as Gaza and Palestine if it fails a find a solution through dialogue with Pakistan. The Gaza strip and Palestine are under a multi-front attack by Israel following Hamas’ October 7 assault in southern Israel […]
By Tarun Agarwal and Pooja Arora In the dazzling spotlight of the G20 summit 2023 held in New Delhi, India emerged as a formidable architect of consensus, navigating a maze of global uncertainty, tumultuous geopolitics, and formidable socio-economic challenges. The subject of the summit, however, was not limited to economics or geopolitics. During the summit’s […]
The Securities and Exchange Board of India (Sebi) issued a statement on Saturday to ease concerns about the ongoing volatility in the market, specifically the turbulence linked to Adani Group shares.“During the past week, unusual price movement in the stocks of a business conglomerate has been observed. As part of its mandate, Sebi seeks to […]
One 97 Communications (Paytm) share price surged 5.2% to Rs 721.5 today after the payment giant’s consolidated loss narrowed to Rs 167.5 crore in the fourth quarter ended March, compared to a loss of Rs 762.5 crore in the year-ago period. The consolidated revenue from operations jumped 51.5% to Rs 2,334.5 crore in Q4FY23 from […]
Commercial vehicle manufacturer Ashok Leyland’s strong Q3 performance was driven by a better mix, price hikes and commodity costs (healthy margins). The stable demand environment and improving pricing power should boost earnings. AL is the best play on the CV cycle recovery, along with market share recovery and the expansion of revenue/profit pools. We raise […]
Former RBI governor Raghuram Rajan has asked why SEBI has not yet got to the bottom of ownership of the four Mauritius-based funds who are said to have parked 90 per cent of their USD 6.9 billion in Adani group stocks, saying does the market regulator need help of investigating agencies for this? The funds […]
India has become the first country in the world to fully implement the ‘trade-plus-one’ (T+1) settlement cycle for investors in top listed securities. Aside from China which is partly under the T+1 settlement cycle, most international markets such as the US, Europe, and Japan are still under the ‘T+2’ settlement cycle. From Friday, 27 January […]
Recently, Cement major Dalmia Bharat has entered into a share purchase agreement with Jaiprakash Associates (JAL) to acquire its cement assets spread across Madhya Pradesh, Chhattisgarh, and Uttar Pradesh with 9.4 million tonnes per annum capacity and other power assets at an EV of Rs 570 crore. This deal is still subject to due diligence, […]
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