Shares of Nestle India Ltd on Thursday climbed nearly 2 per cent after the FMCG major reported a 65.50 per cent increase in net profit in the fourth quarter ended December 31, 2022. The stock gained 1.64 per cent to settle at Rs 19,562.05 apiece on the BSE. During the day, it climbed 2.87 per […]
Global index provider MSCI has sought feedback from its subscribers, including passive trackers and sell-side analysts, on the Adani Group and its associated securities amid the recent price volatility in its shares. The index provider said on Saturday it is aware of the reports recently published regarding the Adani Group and is closely monitoring publicly […]
Non-Banking Financial Companies (NBFCs) have started looking for potential buyers for their investment exposure in Alternative Investment Funds (AIFs) to meet the Reserve Bank of India’s (RBI) deadline. They are in ‘active talks’ with high networth individuals, foreign institutional investors and family offices to sell their AIF units. “NBFCs are in touch with us to […]
Existing investors in OYO will not take any exit — partial or full. In its earlier DRHP filed with Sebi, four large shareholders in the firm were going to make a partial exit. At that time, OYO was planning to issue fresh equity shares worth Rs 7,000 crore and raise another Rs 1,430 crore through […]
The commerce ministry has proposed revised election bye-laws for all export promotion councils (EPCs) including apex exporters’ body FIEO, under which a chairman will hold office for two years and will not be eligible for the immediate next election. The revised model articles of associations/bye-laws for EPCs and Federation of Indian Export Organisations (FIEO) are […]
India’s economic recovery is still in early stages and will gain momentum going ahead, said Raghvendra Nath, MD, Ladderup Wealth Management in an interview with Kshitij Bhargava of Financial Express Online. The market veteran added that investors should use corrections, as the one recently seen, to invest in a phased manger with an eye on […]
By Rahul Shah Equity benchmark Index bounced back the first time in six weeks, aided by the surge in index heavyweight Reliance Industries, Auto and metal stocks. The five-week losing streak that ended on May 13 was the longest in two years. Sensex jumped 1,533 points or 3 per cent to close at 54,326. While […]
BSE and NSE are closed today on account of Good Friday. The country’s leading commodity exchange, the MCX will also remain shuttered for the first session of trade and for the evening session. The equity segment, the SLB segment, the equity derivative segment, interest rate derivatives segment and the currency derivatives segment will also be […]
By Shrikant Chouhan The benchmark indices witnessed profit booking at higher levels, the Nifty 50 ended 81 points lower while the BSE Sensex was down by 407 points. Among sectors, Reality and Media continued the positive momentum whereas banking and Energy stocks registered profit booking at higher levels. Technically, on last Thursday the market opened […]
Equity benchmark BSE Sensex rebounded more than 1 per cent while Nifty reclaimed the 18,200 level on Monday, boosted by heavy buying in banking, financial and auto stocks amid a rally in global stock markets. Besides, continuous foreign fund inflows further bolstered sentiment, traders said. On similar lines, the broader NSE Nifty climbed 195.40 points […]