Indian equities signed off with an over 1.5% surge in the final session of the week and financial year, thanks to strong year-end buying and gains in overseas indices. Friday, which also marked the start of a new F&O (Futures and Options) series, saw the Sensex surging 1,031.43 points or 1.78% to 58,991.52 — the […]
Asian shares inched higher, while the dollar started the week on the front foot after the U.S. jobs data underscored a tight labour market, firming up expectations that the Federal Reserve will again raise interest rates at its meeting next month. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.14% higher, while Japan’s Nikkei […]
The Securities and Exchange Board of India seeks to make sponsors of InvITs and REITs more accountable by proposing that at least one sponsor remain invested in them permanently. In a consultation paper on Thursday, the regulator said that while sponsors of REITs/InvITs are required to hold 15% of the capital for a period of […]
Oil prices slipped in Monday Asian morning trade as concerns about possible further U.S. interest rate hikes continue to rattle investors, though a recovery in Chinese demand and a weaker dollar provided some support. Brent crude futures fell 15 cents, or -0.18%, to $82.63 per barrel by 0132 GMT. West Texas Intermediate crude futures (WTI) […]
S&P Dow Jones has said it will remove Adani Group‘s flagship firm Adani Enterprises from sustainability indices with effect from February 7 following a media and stakeholder analysis triggered by allegations of accounting fraud. The move comes amid leading stock exchanges BSE and NSE putting three Adani Group companies — Adani Enterprises, Adani Ports and […]
Ashish Gupta, chief investment officer (CIO) at Axis AMC, believes profit-taking in the markets is not much of a concern because foreign investors remain under-invested. He tellsSiddhant Mishrathat the fund house has focused onoverhauling its salesand distribution structure, besides diversifying schemes. Edited excerpts: The recent state poll results have brought confidence of stability. Plus, even […]
– By Ramnath Iyer Environmental, Social, and Governance (ESG) data has emerged as a pivotal tool in evaluating companies’ sustainability performance, assessing their impact on the environment, societal relationships, and governance structures. This data guides stakeholders, including investors and organizations, in making ethically aligned decisions, fostering a more sustainable and responsible approach to business. Challenges […]
The Securities and Exchange Board of India’s (Sebi) latest guidelines on environmental, social and governance norms (ESG) introduced a slew of measures to promote and streamline investing in the theme. A new category for the theme will be introduced, allowing for launch of multiple schemes. However, the theme could face hurdles in India, said mutual […]
Oil prices rose in early trade on Tuesday, shored up by a weaker dollar and a U.S. plan to restock its Strategic Petroleum Reserve, but gains were limited by uncertainty over the impact of rising COVID-19 cases in China, the world’s top oil importer. Brent crude futures advanced 61 cents, or 0.8%, to $80.40 a […]
Shares of Zee Entertainment Enterprises Limited (ZEEL) extended its previous day decline in morning trade on Friday, falling over 5 per cent, after the National Company Law Tribunal admitted an IndusInd Bank plea for insolvency proceedings against the media firm. The stock declined 4.60 per cent to Rs 189.60 on the BSE. At the NSE, […]