A PIL has been filed in the Supreme Court, seeking the prosecution of short seller Nathan Anderson of US-based firm Hindenburg Research and his associates in India and the US, for allegedly exploiting innocent investors and the “artificial crashing” of the Adani Group‘s stock value in the market. Hindenburg engages in activist short selling, which […]
To showcase the rich cultural heritage and to promote tourism in Himachal Pradesh, Chief Minister Sukhvinder Singh Sukhu inaugurated the first-ever ‘Shimla Winter Carnival’ at its historic ridge on Monday.The event started with a cultural parade that saw the participation of 450 women presenting Mahanati, showcasing the talent of self-help groups and Anganwadi workers. Heavy […]
By Ruchit Jain The eventful March series started on a cautious note amidst geopolitical tensions on Russia Ukraine war. Amidst nervousness in global markets, the index corrected towards the start of the series and almost tested the 15700 mark. The India Vix rose sharply in this period which led to higher volatility and uncertainty. However, […]
The Securities and Exchange Board of India (Sebi) on Tuesday gave its nod to phase out share buybacks through the open market. The market regulator has also approved steps to ensure governance boost at the stock exchanges as well as other market infrastructure institutions at its board meeting. Buybacks will be undertaken through a separate […]
COVID-19 cases continued to spike across India. According to a report by news agency PTI, forty more cases of the COVID-19 sub-variant JN.1 were recorded, with the tally of cases of the new variant across the country till December 26 rising to 109. Thirty-six cases were detected from Gujarat, 34 from Karnataka, 14 from Goa, […]
Oil prices slipped on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts. Brent crude slipped 48 cents, or 0.6%, to $81.18 a barrel by 0045 GMT while U.S. West Texas Intermediate crude was at $77.39 […]
The domestic equity markets will be driven by ongoing quarterly earnings announcements and global factors this week, analysts said. Besides, the trading activity of Foreign Portfolio Investors (FPIs) would also be tracked. “In the domestic market, the March 2023 quarterly earnings season and Karnataka assembly elections will be in focus. Asian Paints, Cipla, Eicher Motors, […]
Oil prices rose in early Asian trade on Wednesday on anticipated U.S. crude inventory declines and OPEC+’s latest output cut targets. Brent crude futures gained 38 cents to $85.32 a barrel at 0021 GMT. West Texas Intermediate U.S. crude was up 33 cents to $81.04 a barrel. Helping boost oil prices was an industry report […]
The Securities and Exchange Board of India (Sebi) has recommended that the certificate of registration of eight alternative investment funds (AIFs) be cancelled for non-compliance of AIF regulations and failure to file periodic reports. The eight funds — Quant First Alternate Investment Trust, IREO Advantage Fund I, Paranjape Plustus Fund 1, Saveda Venture Capital Fund, […]
Indian benchmark indices are likely to snap their five day losing streak to open in the green, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were trading higher, up by more than 30 points, at the 17,011 level. On Wednesday, markets extended losses for a fifth session, pulled down by negative global cues and […]