Indian equity indices were trading in the red territory in the early morning trade on Monday. The Nifty 50 fell 103.10 pts or 0.58% to 17,753.40 and Sensex dropped 329.69 pts or 0.54% to 60,353.01. The top gainers of Sensex were Titan (up 1.41%), Tata Steel (up 1.15%), Power Grid (up 0.56%), Larsen & Toubro […]
The Securities and Exchange Board of India (Sebi) is working on reducing the time taken to clear offer documents for initial public offerings (IPOs). Addressing a closed-door meeting of investment bankers on Friday, Sebi chairperson Madhabi Puri Buch said the regulator was keen on cutting the red tape involved in the filing of offer documents […]
By Siddhant Mishra The first eight trading sessions of 2023 have seen outflows by foreign institutional investors (FIIs) continue, with $817.58 million being offloaded from equities between January 2 and January 10, according to Sebi data. FIIs sold a provisional `3,208.15 crore ($392.6 million) of shares on January 11, according to data from the National […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Friday, 17 March 2023, keeping costs steady for about nine months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing […]
Reliance Industries Ltd’s (RIL) strategy to diversify and dominate a number of industries will boost spending and will also help mitigate its elevated capex needs, rating agencies said on Wednesday. While S&P Global Ratings said it believes that “the company’s appetite for bigger investments or M&As will dissipate”, Fitch Group company CreditSights said its “credit […]
Investors wealth tumbled over Rs 5.78 lakh crore in two days of market fall amid a weak trend in global markets after a host of central banks hiked interest rates and gave hawkish commentary. The 30-share BSE Sensex declined 461.22 points or 0.75 per cent to settle at 61,337.81 on Friday. In the previous trade, […]
Kravis Investment Partners II LLC on Thursday offloaded shares of e-commerce beauty company Nykaa for a little over Rs 629 crore through open market transactions. As many as 3.67 crore shares of FSN E-Commerce Ventures, which runs Nykaa, were sold by Kravis Investment Partners II LLC in five tranches at a price of Rs 171 […]
To ensure that farmers get remunerative prices and build up the buffer, the government will soon start procurement of tur dal which is currently ruling above the minimum support price (MSP) through a ‘dynamic pricing’ formula. Sources told FE that agencies such as National Cooperative Consumers Federation (NCCF) and farmers’ cooperative Nafed will purchase the […]
The departure of a Romanian aircraft carrying nearly 300 passengers, mostly Indians, to Mumbai was delayed on Monday as some of them did not want to return to their country of origin, media reports said on Monday, three days after being grounded by the French authorities at an airport near Paris over suspected “human trafficking.” […]
Inflation and recession are real life ‘villains’ in an economy, eating into investments and wealth. Thankfully, investors can monitor inflation and economic slowdown with telltale signs all around, said Lakshmi Iyer, CIO-Debt, Kotak AMC, and Rahul Bajoria, Chief Economist-India, Barclays Investment Bank, at FinancialExpress.com Manage Your Money session titled ‘Reading the tea leaves in inflationary […]