The rupee pared initial losses and settled on a flat note at 82.54 (provisional) against the US dollar on Thursday, supported by a rebound in domestic equities. At the interbank foreign exchange market, the local unit opened at 82.59 against the American currency and touched a low of 82.66 and a high of 82.48 intra-day. […]
Stocks of Asset Management companies (AMCs) have been trading weak over the past year, with four out of the five listed entities falling between 7% and 30%. On a year-to-date (YTD) basis, too, the picture is not very encouraging, with three of the five stocks down more than 15%. Experts attribute this to a combination […]
By Tarun Agarwal and Pooja Arora In the dazzling spotlight of the G20 summit 2023 held in New Delhi, India emerged as a formidable architect of consensus, navigating a maze of global uncertainty, tumultuous geopolitics, and formidable socio-economic challenges. The subject of the summit, however, was not limited to economics or geopolitics. During the summit’s […]
India has become the first country in the world to fully implement the ‘trade-plus-one’ (T+1) settlement cycle for investors in top listed securities. Aside from China which is partly under the T+1 settlement cycle, most international markets such as the US, Europe, and Japan are still under the ‘T+2’ settlement cycle. From Friday, 27 January […]
Stock Market Today, Nifty, Bank Nifty: Benchmark indices NSE Nifty 50 and BSE Sensex may trade flat on Monday amid muted global cues. The Nifty futures on the Singapore Exchange (SGX) were trading 49 points or 0.28% higher at 17,688.5 in the early morning trade. Asian markets were trading mixed with China’s Shanghai Composite Index […]
By Dharmesh Shah Equity benchmarks concluded the CY21 on buoyant note tracking positive global cues. The Nifty 50 index ended the week at 17354, up 2%. The Nifty midcap, small cap indices relatively outperformed the benchmark by gaining 3% and 4%, respectively. Sectorally, all major indices ended in green led by pharma, IT, auto. The […]
Domestic indices cut some losses but settled in the red on Monday. The NSE Nifty 50 closed below 17,000, BSE Sensex below 57,650 and Bank Nifty below 39,340. The top gainers on the Nifty 50 were Hindustan Unilever Ltd, BPCL, ITC, Grasim and Kotak Bank while the top losers were Bajaj Finserv, Adani Enterprises, Bajaj […]
Bajaj Auto is is expected to cut motorcycle and three-wheeler production by up to 25% across its export-focused plants next month, reflecting uncertainty in its largest market, Nigeria. Bajaj’s export volumes is set to decline in FY24 as well and see positive growth only in FY25. While volumes may bottom out soon, recovery may be […]
Alternative investment funds (AIFs) are rushing to update their Private Placement Memorandums (PPMs) ahead of the April 30 deadline. This comes on the back of increased scrutiny by the Securities and Exchange of India (Sebi) for non-filing of reports and inadequate disclosures. AIFs have to report any changes made to the PPMs during 2022-23 to […]
The board of One97Communications, owner of Paytm, on Tuesday approved a buyback of equity shares of the company at a price not exceeding Rs 810 per share and for an amount of up to Rs 850 crore. The firm, backed by Ant Group and Softbank, had cash and equivalents of Rs 9,180 crore at the […]
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