Sebi on Friday came out with guidelines for portfolio managers pertaining to performance benchmarking, asking them to adopt an additional layer of broadly defined investment “strategies” while managing the clients’ funds. Reviewing the requirements related to performance reporting and benchmarking by portfolio managers, the markets regulator said this is in addition to the investment approach […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Petrol, diesel prices in the country remained unchanged on 27 December 2022. About seven months have passed since the last hike in petrol rates and diesel rates. On May 21 of this year, Finance Minister Nirmala Sitharaman reduced the excise duty on petrol by Rs […]
One97 Communications Limited (OCL) that owns the payments and financial services company Paytm, announced the release of Paytm’s 2023 Recap. The Recap showcased the payment numbers and user engagement on its app. Users can also check their individual payment journeys with Paytm in 2023 through paytm.com/recap. Paytm posted strong in-store payment numbers with more than […]
Cainiao Network Technology Co., the logistics arm of Alibaba Group Holding Ltd., has started preparations with banks for its Hong Kong initial public offering, people familiar with the matter said, paving way to be the first of the Chinese tech firm’s six business units to go public. Banks including China International Capital Corp. and Citigroup […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Tuesday, 11 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 […]
Indian equity benchmark indices were trading flat in the early morning session on Wednesday. NSE Nifty 50 fell 19.70 points or 0.11 % to 17,596.60 and BSE Sensex rose 12.28 pts or 0.02% to 59,720.36. The top gainers of Sensex were ITC (up 2.60%), IndusInd Bank (up 2.24%), UltraTech Cement (up 1.89%), Infosys (up 1.81%) […]
Landmark Cars’ IPO is set to close today, and has been subscribed over 300% or 3.04x. The IPO received significant interest from QIBs (qualified institutional buyers) who subscribed to the issue 8.71x. Non institutional investors bid 1.31 times while retail investors had a comparatively lackluster response at 0.56x. The portion reserved for employees is oversubscribed […]
Foreign institutional investors (FII) sold shares worth a net Rs 212.57 crore while domestic institutional investors (DII) purchased shares worth a net Rs 743.35 crore on Monday, January 2, 2023, according to the data available on NSE. In the month of December, FIIs sold shares worth a net of Rs 14,231.09 crore while DIIs purchased […]
Adani Group-controlled Ambuja Cements and ACC will be dropped from S&P BSE 100 ESG Index from February 22, according to a statement issued by Asia Index on Friday. Ambuja Cements and ACC have been added to the Media and Stakeholder Analysis (MSA) list. Based on the S&P BSE 100 ESG Index methodology, the index committee […]
SGX Nifty hinted that the domestic equity indices could see a start in the green. On the Singapore Exchange, Nifty futures were trading higher, up 58 points, at the 17,071 level. On Monday, markets gained mildly as Nifty ended marginally higher, still not reclaiming the 17,000 level, while Sensex settled at 57,653, up over 125 […]
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