Nifty 50’s correction at 17800 still looks frothy and expensive, says Nikhil Kamath, Co-founder, True Beacon and Zerodha. In an interview with Kshitij Bhargava of Financial Express Online, Nikhil Kamath, who has been named as the youngest philanthropist in the Hurun EdelGive list 2021, says that even if there’s a 5-10% correction going forward, in […]
By Saloni Sachdeva Michael While India has a power market, it is far from optimal. Only 7% of India’s electricity generation is traded through three power exchanges (Indian Energy Exchange Ltd (IEX), Power Exchange of India Ltd (PXIL), and Hindustan Power Exchange Ltd). The situation needs to change, especially as soaring peak power demand and […]
Telecom major Bharti’s Q3 results were broadly in line with our estimates, reflecting healthy growth across segments and an uptick in margins. Consolidated revenue of Rs 35.800 crore was 2% above our estimate and increased 4% sequentially, reflecting: (i) +2% for India wireless and enterprise; (ii) +4% for homes; and (iii) +6% for Africa. Consolidated […]
Pan-African exchange Yellow Card Financial Inc. will “immediately” apply for a license in Nigeria after the country’s central bank lifted a ban on cryptocurrencies that was imposed in 2021. “You’ve waited for something and it has come true and we’ll jump on it immediately,” Ogochukwu Umeokafor, director of product management at Yellow Card, said in […]
Domestic indices were trading lower on Tuesday. The BSE Sensex fell 65.26 pts or 0.11% to 58,172.59 and NSE Nifty 50 fell 13.95 pts or 0.08% to 17,140.35. Bank Nifty fell 63.85 pts or 0.16% to 39,500.85. The top gainers on Nifty 50 were Titan (up 2.16%), Tata Steel (up 1.31%), SBI Life (up 1.30%), […]
Landmark Cars shares listed at a 7% discount below IPO price on NSE and BSE amid negative domestic market. Landmark Cars stock made its market debut at Rs 471.3 on the BSE, as compared to the public issue price of Rs 506. The scrip shortly thereafter fell to Rs 446 per share, down 10%. A […]
Capital markets regulator Sebi on Monday cancelled the registration of three entities — Kaynet Capital, Kaynet Commodities and Kaynet Finance — as stock brokers for not meeting the conditions required under intermediaries rules. In addition, the Securities and Exchange Board of India (Sebi) has cancelled the registration of Kaynet Capital as depository participant. Irrespective of […]
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to six stocks/securities on Friday, December 16, 2022. Indian Railway Catering and Tourism Corporation (IRCTC), Punjab National Bank (PNB), Bharat Heavy Electricals Limited (BHEL), Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), Indiabulls Housing Finance and Delta Corp are the […]
Termed as the project of national importance, India’s longest train tunnel Pir Panjal (or T-80) is the only broad gauge mountain railway in the country that stretches through the Pir Panjal mountain range between Quazigund and Baramulla in Jammu and Kashmir. The 11.2km long tunnel is a part of the 272km Udhampur – Srinagar – […]
Shares firmed on Monday as optimism over corporate earnings and China’s reopening offset concerns the Bank of Japan (BOJ) might temper its super-sized stimulus policy at a pivotal meeting this week, while a holiday in U.S. markets made for thin trading. The yen climbed to its highest since May after rumours swirled the BOJ might […]
网站备案号: 粤ICP备16118000号-1