By Shrikant Chouhan The benchmark indices corrected sharply, the Nifty 50 ended 215 points lower while the BSE Sensex was down by 703 points. On Tuesday, the market opened with a positive note but in the late afternoon it witnessed exceptional intraday sell-off. In the last two hours, the Nifty corrected over 390/1200 points. Among […]
Karnataka Chief Minister Siddaramaiah flagged off 100 non-AC electric buses of the Bengaluru Metropolitan Transport Corporation (BMTC) and announced that the STU will induct 1,400 e-buses by April next year. The 100 buses are part of the 921 non-AC Tata e-buses being inducted under the Centre’s FAME 2 (Faster Adoption & Manufacturing of Electric Vehicles […]
Following uproar over her recent visit to Shree Jagannath Temple in Puri, Youtuber Kamiya Jani on Sunday issued a clarification saying that she is a practising Hindu and has never consumed beef or promoted it. Jani, known for Curly Tales and her food blogging, addressed the issue through a video on Instagram, clarifying that she […]
Domestic equity indices rallied over 1.5% on Friday with Sensex closing above 60,800 and Nifty 50 settling above 17,850. During the day indices remained volatile, but towards the end of the session, they surged, ending broadly in green. The top gainers of the BSE Sensex were Titan (up 6.87%), Bajaj Finserv (up 5.15%), Bajaj Finance […]
Shares of Cipla on Monday ended over 6 per cent lower after the company received ‘Form 483’ with eight observations for its Pithampur-based manufacturing facility. The stock declined 6.02 per cent to settle at Rs 964.05 apiece on the BSE. During the day, it tumbled 6.78 per cent to Rs 956.20. On the NSE, it […]
In response to a series of security incidents attributed to the Iranian-backed Houthi group in the Red Sea, the Indian Navy has strategically positioned heavily armed destroyers, namely INS Kochi, Kolkata, Mormugao, and the frigate INS Trishul. The recent successful escort of MV Chem-Pluto to Mumbai, which suffered a drone strike causing no significant damage, […]
In a bid to improve transparency and ensure quicker reporting, the government has said that any material change in structure, common ownership or control of the foreign portfolio investors (FPIs) or investor group, should be brought to the notice of the Securities and Exchange Board of India (Sebi) not later than seven working days. For […]
The Securities and Exchange Board of India (Sebi) is likely to discuss key changes in buyback norms, governance of market infrastructure institutions (MIIs) and disclosures of material events for companies at its board meeting on Tuesday. The market regulator had released a consultation paper last month pertaining to share buybacks, seeking changes concerning the limit, […]
Indian benchmark indices are likely to open on a muted note, hinted SGX Nifty on Wednesday. On the Singapore Exchange, Nifty futures trading lower at 17907 level. In the previous session, BSE Sensex soared 600 pts to 61,032, while NSE Nifty 50 jumped 159 pts to 17,930. “Indications are favorable for further recovery and we’re […]
Warren Buffett targeted the critics of repurchase or share buyback, calling them economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive). On February 25, Berkshire Hathaway published its annual report and the letter from Warren Buffet to the investors. Apart from the investment strategies and financial performance, the billionaire gave lessons to […]
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