Oil producers cartel OPEC‘s share in India’s oil imports fell to an all-time low of 46 per cent in April as purchases of cheaper Russian oil peaked, industry data showed. Organization of the Petroleum Exporting Countries (OPEC) nations, mainly in the Middle East and Africa, had a 72 per cent share of all crude oil […]
Indian benchmark indices are likely to open in the green today as hinted by the SGX Nifty which is 0.3% higher at 18,340. Nifty Futures gained 60 points on the Singaporean exchange. In the previous session, NSE Nifty recovered 200 points from its intraday low and closed at 18,191, while BSE Sensex gained 0.3% to […]
Foreign institutional investors (FII) sold shares worth a net Rs 1662.63 crore while domestic institutional investors (DII) bought shares worth a net Rs 2127.65 crore on Thursday, January 12, 2023, according to the data available on NSE. For the month till January 12, FII sold shares worth a net Rs 14,996.69 crore while DII bought […]
Jefferies hosted the the chairman, deputy managing director (finance), and chief financial officer of SBI for a non-deal roadshow (NDR) in the US and UK. During the NDR, two topical issues were discussed: the risk from SBI’s exposure to the Adani Group, and the bank’s plans for a capital raise. The management of SBI clarified […]
Eight of the 10 most valued firms together added Rs 1,35,794.06 crore in market valuation last week, with State Bank of India and Reliance Industries Limited emerging as the biggest winners. Last week, the 30-share BSE benchmark climbed 995.45 points or 1.66 per cent. The market valuation of State Bank of India jumped Rs 35,029.1 […]
By Shivangi Sarda The Nifty 50 index opened gap-up and moved above 17500 zones on Wednesday. It surpassed its previous hurdle and sustained well at higher zones. It closed near its day’s high with gains of around 170 points and gave the highest daily close of the last 32 sessions. While doing so, it formed […]
The Securities and Exchange Board of India (Sebi) is nudging founders with a stake of 10% or more in their companies to classify themselves as promoters at the time of filing the draft prospectus for public share sales, said two people in the know. The move could impact companies wanting to go public, especially startups […]
CoinDCX, a crypto exchange, has unveiled its ‘‘Year End Report – 2023’ Unfolding India’s Crypto Story’’. According to an official release, 10 cities hold 60% of the user base, them being tier-2 cities such as Lucknow and Patna emerging as frontrunners in adoption, with Jaipur, Indore, Bhubaneswar, and Ludhiana, all ranking among the top 15. […]
Oil prices rose for a second day on Tuesday on supply concerns after an earthquake shuttered a major export terminal in Turkey and a field in the North Sea shut unexpectedly, while demand in China, the world’s biggest importer, looks set to increase. Brent crude futures rose 40 cents, or 0.5%, to $81.39 per barrel […]
Markets regulator Sebi has launched an information database on municipal bonds. As part of efforts to develop the bond markets, an outreach programme on municipal bonds and municipal finance was organised by Sebi in the national capital on January 20 and 21, according to a release on Sunday. Representatives from various stakeholders, including the Ministry […]
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