The Securities and Exchange Board of India (Sebi) may tighten norms for investment by mutual funds in initial public offerings (IPOs). The guidelines may pertain to the post-allotment allocation of shares to various schemes and the due diligence process to be followed for IPO investments, said two people familiar with the matter. Currently, mutual funds […]
Indian equity indices opened broadly higher on Monday amid positive global cues. The BSE Sensex rose 325.46 pts or 0.54% to 60,947.23 and NSE Nifty 50 climbed 89.00 or 0.49% to 18,116.65. The top gainers of Sensex were Tata Motors (up 1.20%), HDFC (up 1.14%), HDFC Bank (up 1.12%), IndusInd Bank (up 1.06%) and State […]
Foreign portfolio investors (FPIs), who are enjoying a concessional tax rate of 5% on the interest income of rupee-denominated bonds, could be staring at a higher tax outgo after June 30, 2023. FPIs enjoy a lower TDS rate or withholding tax of 5% on the overall interest earned on such bonds issued by Indian firms […]
Indian equity indices opened in the green but within minutes turned red on Tuesday, February 7. The BSE Sensex fell 48.41 pts or 0.08% to 60,458.49 and NSE Nifty 50 slipped 2.30% or 0.01% to 17,762.30. The top gainers on Sensex were IndusInd Bank (up 1.35%), Bajaj Finance (up 0.83%), Bajaj Finserv (up 0.59%), UltraTech […]
SGX Nifty hinted that the domestic equity indices could see a flat start. On the Singapore Exchange, Nifty futures were trading lower, down 8 points, at the 17,251 level. On Wednesday, markets gained as Nifty reclaimed the 17,000 level, while Sensex settled at 57,960, about 350 points. The markets were closed on Thursday on account […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Wednesday, 5 April 2023, keeping costs steady for about ten 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 […]
By Sameet Chavan On Tuesday, US markets extended their losses but yesterday morning (Thursday) we saw some recovery in Dow futures and Asian bourses also looked cheerful. Despite this, our markets started correcting after a flat start. Barring a small recovery in the first hour, we witnessed continuous selling pressure thereafter. In fact, post the mid-session […]
Benchmark indices BSE Sensex and NSE Nifty extended losses, and continued to trade in red. Sensex lost 375 points, at 59,089.5 while Nifty 50 was down by 0.77% at 17,330.5. The broader markets largely were in red, but a few small-cap indices traded flat. Sectorally, Nifty IT, Metal, FMCG and Media all traded with sharp […]
The Gautam Adani-owned New Delhi Television (NDTV) on Monday reported a 97.5% fall in net profit (attributable to owners) to Rs 59 lakh for the quarter ended March 31 (Q4FY23), as the media firm incurred one-time expenses due to severance pay and write-offs, which hurt its bottomline. The company reported a net profit of Rs […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading higher on Tuesday despite mixed global cues, while the silver rate is down 0.22%. On Multi Commodity Exchange, gold April futures were trading at Rs 56,951 per 10 grams, up Rs 366 or 0.65%. Silver March futures were trading lower by Rs […]
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