Indian benchmark indices are likely to open on a muted note, hinted SGX Nifty. Amid positive global cues, Nifty futures traded marginally lower at 18031 level on the Singapore Exchange. In the previous session, BSE Sensex fell 304 pts to 60,353, while NSE Nifty 50 slipped below the psychological level of 18,000. “Markets have corrected […]
FPSB India, the Indian subsidiary of Financial Planning Standards Board Ltd., the global body for the financial planning profession and owner of the international CERTIFIED FINANCIAL PLANNER® certification programme, has entered into a Memorandum of Understanding (MoU) with the Indian Institute of Banking and Finance (IIBF) to offer the educational and professional opportunities for aspiring […]
The National Stock Exchange of India (NSE) on Thursday included Adani Enterprises, Adani Ports & SEZ and Ambuja Cements under the short-term additional surveillance measure (ASM). The applicable rate of margin is 50% or the existing margin, whichever is higher, subject to a maximum of 100% on all open positions as on February 3 and […]
By Shrikant Chouhan The benchmark indices BSE Sensex and Nifty 50 witnessed roller coaster activity on the Union Budget 2022 day. After a volatile trading session, the Nifty ended 264 points higher while the Sensex was up by 937 points. Among sectors, the metal index was the top gainer, rallying over 4 per cent. Despite […]
With an aim to commercialise coal gasification technology, energy and environment solutions provider Thermax is targeting to build its first commercial-scale coal gasification plant in the range of 100 to 500 tonnes per day (TPD). The company has developed its coal gasification technology and built a pilot-scale plant in Pune to showcase it. Experts said […]
The rupee fell by 15 paise to close at 82.73 (provisional) against the US currency on Monday, weighed down by gains in the greenback in the overseas markets and a muted trend in domestic equities. Firm crude oil prices further dented investor sentiments, forex traders said. In the previous session on Friday, the rupee settled […]
The rupee pared all its initial gains to settle lower by 10 paise at 81.84 (provisional) against the US currency on Thursday amid a strong greenback overseas.However, the strong sentiment in the domestic equities market restricted the rupee’s fall, forex traders said. At the interbank foreign exchange, the domestic unit opened at 81.69 against the […]
The National Stock Exchange (NSE) received approval from the Securities and Exchange Board of India (SEBI) to set up a Social Stock Exchange (SSE) as a separate segment on Thursday, December 22. Through the SSE, non-profit organisations (NPO) can now list on the NSE and raise funds. In the Union Budget 2019-20, Finance Minister Nirmala […]
Allowing private equity players to become sponsors of mutual funds may help democratise the industry further and bring in more players, spurring innovation and growth. On Friday, Sebi floated a consultation paper on review of regulatory framework for sponsors of mutual funds. The working group that has drafted the paper noted that PEs with significant […]
2023 is the year dentsu India would most like to forget. Besides losing big accounts like Maruti Suzuki and Reckitt to competition, the agency was caught up in a leadership turmoil. Harsha Razdan, CEO, South Asia, dentsu, is working overtime to stabilise the boat. He tells Akanksha Nagar how the agency plans to transition into […]