Oil prices rose in early trade on Thursday, building on gains in the previous session as China’s demand outlook improves and concerns rise over the impact of sanctions on Russian supply. Brent crude rose 50 cents, or 0.6%, to $83.17 per barrel by 0135 GMT, while U.S. West Texas Intermediate crude also rose 50 cents, […]
Benchmark indices are likely to open with gains on Budget 2023 hinted SGX Nifty as Nifty futures traded 130 pts higher at 17882 on the Singapore Exchange. “Markets are likely to see some volatility on budget day. Any constructive announcement by the government in the Union Budget can take the market higher. The focus would […]
While inaugurating the newly constructed 330 bedded & 300 bedded hotels and 400m synthetic athletics track on Saturday, Union Sports Minister Anurag Singh Thakur asserted that Bengaluru will soon be called a ‘Sports Hub of India’ with the right weather conditions and sports infrastructure.With a project cost of Rs 28.72 cr, the 330-bed hotel is […]
Ayodhya Railway station, which is all set to be inaugurated by Prime Minister Narendra Modi on December 30, has been renamed to ‘Ayodhya Dham Junction’, city MP Lallu Singh said on Wednesday. Ayodhya Junction became Ayodhya Dham Junction under the guidance of Prime Minister of India Narendra Modi, the name of Ayodhya Junction of the […]
Domestic equity indices concluded Tuesday’s session in the green territory after fluctuating between gains and losses. The BSE Sensex closed above 60,900 and NSE Nifty ended above 18,100 level. Tata Steel (up 5.86%), Tata Motors (up 2.69%), Larsen Toubro (up 1.72%), Asian Paint (up 1.71%) and Wipro (up 1.59) were the top performers of the […]
Foreign institutional inventors (FII) sold shares worth a net Rs 138.81 crore while domestic institutional investors (DII) bought shares worth a net Rs 695.60 crore on Monday, December 12, 2022, according to the data available on NSE. For the month till December 12, FII sold shares worth a net Rs 5,795.95 crore while DII bought […]
The Securities and Exchange Board of India (Sebi) plans to put in place a mechanism to ensure that the client money or float does not remain with brokers even for a single day. The regulator aims to implement this in the next six months and has formed a committee to streamline the process for the […]
The Securities and Exchange Board of India (Sebi) on Wednesday approved key proposals with regard to introducing an ASBA-like mechanism for secondary trades, listing obligations, material disclosures, mutual fund sponsors and ESG norms. The Sebi board accepted the proposal to introduce a settlement mechanism for stock trades that will result in investors’ funds effectively leaving […]
By Nuvama Research L&T Technology Services (LTTS) will acquire the Smart World & Communication (SWC) business of its parent firm, Larsen & Toubro (L&T) for a cash consideration of Rs 800 crore. Smart World & Communication was founded in 2016 to cater to the demands in smart cities, address opportunities and provide smart solutions in the […]
LIC’s dominance is unparalleled in the country’s life insurance sector, domestic brokerage firm Kotak Institutional Equities (KIE) said while initiating coverage on the public sector behemoth with a buy rating. The insurer’s stock jumped 3.41% to close at 733.70a share following the report. “The margin expansion, driven by the shifting of product mix by its unparalleled […]
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