The Central Drugs Standard Control Organisation (CDSCO) has flagged 62 drug samples as they failed the quality test. The alert was issued by the drug regulator for November 2023. The drug regulator’s list, as seen by Financial Express.com, reveals that 1197 drug samples were tested, out of which 1133 samples were of standard quality. 62 […]
Grayscale Investments, the cryptocurrency-trust manager vying for US approval to convert the world’s biggest Bitcoin trust into an exchange-traded fund, said Barry Silbert has resigned as its chairman. Silbert is chief executive and founder of Grayscale parent Digital Currency Group, the sprawling crypto conglomerate that is embroiled in several ongoing disputes in the wake of […]
By Dharmesh Shah Equity benchmarks extended losses tracking weak global cues post US FOMC meet outcome last week. The NSE Nifty 50 index ended the week at 15294 down 5.6%. The broader market indices extended weakness as Nifty midcap, small cap indices lost ~6% and 8%, respectively. Sectorally, all major indices ended in red weighed […]
Foreign portfolio investors (FPIs) continue to be buyers of Indian equities in May and invested Rs 10,850 crore in the last four trading sessions due to the country’s stable macroeconomic environment, robust GST collection and better-than-expected corporate quarterly earnings. This came following a net infusion of Rs 11,630 crore in equities in April and Rs […]
By Shivangi Sarda The Nifty index opened negative by 150 points but it managed to hold near to 15700 zones and witnessed a decent recovery towards 15850 zones. However it failed to hold at higher zones and moved in a decelerated manner with a slight drop in the last hour of the day. It finally […]
Bharatiya Janata Party leader and Union minister Pralhad Joshi on Wednesday expressed his support for the demand that shop signages in Karnataka should predominantly feature the local language. Joshi said that violence is not acceptable but stressed on the need for shopkeepers to understand the sentiment and necessity behind the demand. In an interview with […]
By Sameet Chavan The positive global cues have led to a promising start to our market on the weekly expiry session. The initial gap up in the benchmark index was sustained throughout the day, suggesting an encouraging sign for the market participants. The rub-off effect of the positivity was visible across the board as the […]
Notwithstanding the low level of delinquencies, there is a sign of risk build up in consumer credit, Reserve Bank of India(RBI) said in its latest financial stability report. In November, RBI asked banks and non-bank lenders to maintain a higher risk weight for their exposure to unsecured retail loans. The risk weight on these loans […]
Leading stock exchange BSE on Tuesday said it has added 1 crore registered investor accounts to its platform in a span of 148 days, taking the total count to 12 crore. The exchange added one crore investors’ accounts between July 18 and December 13, BSE said in a statement. “BSE crossed the milestone of 12 […]
Asian markets extended a risk rally on Wall Street on Friday to end a tumultuous week that saw a brewing banking crisis send bond yields plunging while market participants sharply lowered expectations of future interest rate hikes in Western economies. Overnight, the European Central Bank (ECB) delivered an inflation-fighting 50 basis point rate hike in […]
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