The Reserve Bank on Tuesday proposed to introduce a new category of money changers who may conduct business through an agency model by becoming Forex Correspondents (FxCs) of Authorised Dealers.Currently, the Reserve Bank issues licences to authorised dealers — banks authorised to deal in foreign exchange — and full-fledged money changers. Licences are also granted […]
Nikhil Parimal Desai bought 54,951 shares of Aarti Surfactants Ltd (AARTI-RE) at Rs 21.52 per share. Pluris Fund Ltd bought 2,00,000 shares of Accuracy Shipping Ltd (ACCURACY) at Rs 186.00 per share. Multiplier Share & Stock Advisors Pvt Ltd sold 3,78,000 shares of Bright Solar Ltd (BRIGHT) at Rs 9.09 per share. Vikramkumar Karanraj Sakaria […]
By Shivangi Sarda NSE Nifty 50 index opened flattish on Wednesday and witnessed buying interest from the first hour of the session. It took support near 16442 levels and headed towards 16650 zones then finally closed with gains of around 160 points. It formed a Bullish Engulfing candle or an Outside Bar on daily scale […]
Global investment firm Blackstone-sponsored Nexus Select Trust plans to double its portfolio of shopping malls in next 4-5 years to 20 million square feet through acquisition mode. Nexus Select Trust has acquired 17 shopping malls since the 2015-16 fiscal year and intends to grow its business inorganically. The company has no plans to develop greenfield […]
TCS shares price fell 1.21% to Rs 3202.80 on Thursday after the IT giant’s net profit in the fourth quarter missed market estimates. Tata Consultancy Services’ fiscal fourth-quarter net profit came in at Rs 11,392 crore, up 5% from the previous quarter. Revenue was recorded at Rs 59,162 crore in the fiscal fourth quarter, rising […]
ByShivangi Sarda The Nifty index opened flattish on Wednesday and remained under pressure for the first half of the session followed by a steep fall in the latter part. It touched an intra-day low near 16442 marks and witnessed a decent bounce-back of around 100 points in the last hour. It closed negative with losses […]
Global wealth and asset management company Lighthouse Canton in its report on Wednesday said that digital public infrastructure (DPI) to develop digital products and services in a country has the potential to close nearly half of the credit gap faced by MSMEs in low and middle-income nations. The report, showcasing the outcomes and prospects following […]
The Finance Ministry has clarified that it has raised Securities Transaction Tax on the sale of options to 0.062% from 0.05%, ET Now reported citing sources. This a 25% increase. An earlier version of Finance Bill passed in Lok Sabha today had incorrectly said that options sale STT was raied to Rs 2100 from Rs […]
Private lender ICICI Bank on Saturday reported a 27.64 per cent jumo in consolidated net profit to Rs 9,852.70 crore for the January-March quarter of 2022-23 compared to the year ago period. On a standalone basis, the largest private sector lender reported a nearly 30 per cent jump in its net profit for the March […]
By Nandish Shah Nifty 50 index has reversed its recent downtrend ahead of the much-awaited result of assembly polls in five states, as it has crossed the 5 day EMA (first time in the March month). Nifty has also filled the down gap made on 07 March 2022. Advances outnumbered the declines with a huge margin […]
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