ICICI Bank share price jumped 2.5% to Rs 906.75 today after the bank’s net profit surged 30% on-year to Rs 9,122 crore in Q4FY23, led by growth in net interest income, which rose 40.2% on-year to Rs 17,667 crore. ICICI Bank net interest margin for the quarter rose to 4.90% compared to 4% in the […]
India’s gas economy is facing severe constraints owing to stagnant domestic output. While a high-level panel recently backed pricing freedom, issues relating to regulation of pipeline networks also need addressing. Against this backdrop, there are plans to amend the PNGRB Act. Rajat Mishra takes a look at the gas-economy norms. Regulation of the gas sector An […]
By Sameet Chavan We inaugurated the festive week on a cheerful note on Monday and witnessed some hiccups in the initial two hours of trade. As we progressed, the buying interest emerged to slowly and steadily move beyond 17950. On the following day, we again started positively but failed to sustain at higher levels after […]
Capital markets regulator Sebi on Tuesday barred 21 entities, including Axis Mutual Fund’s former fund manager Viresh Joshi, from the securities market in connection with the front-running case at the fund house. In addition, the regulator has ordered impounding wrongful gains worth Rs 30.56 crore earned by them through “prima facie” front running activities, according […]
Zee Entertainment Enterprises Ltd (ZEEL) share price surged over 8% to Rs 197.80 in the intraday trade on Tuesday on NSE after the National Stock Exchange said it would include the company back into the futures and options segment. The decision comes after the National Company Law Appellate Tribunal (NCLAT) stayed the insolvency proceeding against […]
Fundamentals of domestic equity markets remain strong with economic recovery on track, said Prakarsh Gagdani, CEO, 5paisa.com in an interview with Kshitij Bhargava of Financial Express Online. Prakarsh Gagdani believes that valuations may be seen as slightly expensive in the near term but added that any correction from here on would not be large. He […]
Leading bourses NSE and BSE on Wednesday said they will include Adani Power under the short-term additional surveillance measure (ASM) framework from Thursday. Adani Power is shortlisted in short-term ASM framework Stage-I effective March 23, according to separate circulars available on the exchanges. The move also comes close on the heels of the two exchanges […]
The Indian rupee appreciated 9 paise to 82.69 against the US dollar in early trade as crude oil price retreated from its elevated levels. Sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the local unit opened at 82.69 against the dollar, registering a rise of […]
While Indian benchmark indices BSE Sensex and NSE Nifty 50 have rallied more than US headline indices S&P 500 and Nasdaq 100 in the last one year, US markets have been less volatile than Indian markets over the long run, providing investors with more stability, Viram Shah, Co-founder & CEO, Vested Finance, told Harshita Tyagi […]
Adani Enterprises and Adani Ports & SEZ dragged the NSE Nifty 50 index down by 0.25% on Wednesday even as the BSE Sensex closed 150 points higher from the previous day. Since the 30 stocks that comprise BSE that do not include the Adani Group firms, despite the excessive turbulence and heightened volatility in the […]
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