The Securities and Exchange Board of India (Sebi) plans to put in place a mechanism to ensure that the client money or float does not remain with brokers even for a single day. The regulator aims to implement this in the next six months and has formed a committee to streamline the process for the […]
The Securities and Exchange Board of India (Sebi) on Wednesday approved key proposals with regard to introducing an ASBA-like mechanism for secondary trades, listing obligations, material disclosures, mutual fund sponsors and ESG norms. The Sebi board accepted the proposal to introduce a settlement mechanism for stock trades that will result in investors’ funds effectively leaving […]
By Nuvama Research L&T Technology Services (LTTS) will acquire the Smart World & Communication (SWC) business of its parent firm, Larsen & Toubro (L&T) for a cash consideration of Rs 800 crore. Smart World & Communication was founded in 2016 to cater to the demands in smart cities, address opportunities and provide smart solutions in the […]
LIC’s dominance is unparalleled in the country’s life insurance sector, domestic brokerage firm Kotak Institutional Equities (KIE) said while initiating coverage on the public sector behemoth with a buy rating. The insurer’s stock jumped 3.41% to close at 733.70a share following the report. “The margin expansion, driven by the shifting of product mix by its unparalleled […]
Indian offshore rig operators are set for a 30 per cent spurt in operating profit in fiscal 2025 as strong global demand for rigs amid healthy crude oil prices keeps day rates elevated after doubling to ~$85,000 from last year’s level, said a report by CRISIL Ratings. The operators, it added, will benefit gradually as […]
One97 Communications Ltd shares, the parent company of Paytm, fell 1.82% on Wednesday after the board approved the share buyback plan at the maximum price of Rs 810 per share, totalling Rs 850 crore. The share buyback will occur in the open market through the stock exchanges’ order-matching mechanism. Based on the minimum and maximum […]
In a recent study published in Nature Communications, it was discovered that markers indicating brain injury persist in the blood for extended periods after a COVID-19 infection, despite normal inflammation blood test results. The research focused on individuals who experienced neurological issues during their COVID-19 illness and identified ongoing indicators of brain injury months after […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Petrol and diesel prices were constant on Tuesday, 2 May across New Delhi, Kolkata, Mumbai, and Bengaluru. Petrol rates and diesel rates have been steady over the last eleven months. However, individual cities see fluctuations in their prices everyday. The prices of petrol and […]
By Bhavik Patel Crude oil got shot in the arm boost after US braces for winter storm. Previously bulls took charge after China relaxed its covid policy. Cold weather is expected in the United States, with a storm forecast to bring more than a foot of snow and potential blizzards. In addition to the weather […]
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Thursday’s session in the green territory after the RBI MPC kept the key lending rate unchanged. The NSE Nifty 50 rose 42.10 pts or 0.24% to 17,599.15, BSE Sensex climbed 143.66 pts or 0.24% to 59,832.97 and Bank Nifty advanced 41.85 pts […]