As the reports surface that the government may raise the export quota for sugar, sugar stocks rallied for the second consecutive session. Bajaj Hindusthan Sugar, Shree Renuka Sugars, Balrampur Chini Mills, Dalmia Bharat Sugar and Dhampur Sugar Mills are all gaining on the back of the update. Many analysts are positive about the sugar sector […]
Around 60% of businesses surveyed by IT industry body Nasscom reported having matured responsible AI (RAI) practices and policies in place or having taken formal steps towards RAI adoption. Also, 30% of businesses reported basic awareness of RAI imperatives without a formal strategy, a Nasscom report revealed on Tuesday. The report is based on analyses […]
The trading hours for interest rate derivatives have been extended by the National Stock Exchange (NSE) until 5 pm, with effect from 23 February. NSE is also mulling increasing trading hours for the equity and equity derivatives segments as well, and is seeking feedback from members and traders, according to media reports. Some investors are […]
National Stock Exchange of India (NSE) was the world’s largest derivatives exchange in 2022 by number of contracts traded based on statistics maintained by Futures Industry Association (FIA), a derivatives trade body, the exchange said in a statement on Sunday. NSE is ranked third in the world in the equity segment by number of trades […]
The petroleum and natural gas regulatory board (PNGRB) proposed unified tariff at Rs 60.9/mmbtu is higher than estimated. While final notification is awaited, if this proposed tariff were to be implemented, it could result in a 15% increase in standalone Ebitda. This increase would be primarily driven by a 30% rise in the Ebitda of […]
The food ministry has asked retailers of edible oil to reduce prices, citing the sharp fall in global prices of palm, soyabean and sunflower oils and bumper production of domestic oilseeds, such as mustard, groundnut and soyabean this season.“While most of the brands have reduced prices in the past, still the prevailing maximum retail prices […]
Several companies opt to do a buyback of shares via the open market—stock exchange—route. This route is prone to misuse, with the tender route being a more efficient way of returning surplus funds to the shareholders. Sebi is revisiting the rules on buybacks. Shobhana Subramanian looks at what the experts have recommended. The routes to […]
Benchmark indices made a stellar recovery on Friday, with the Sensex and Nifty jumping over 1.5% on positive signals by the US Fed and a surge in Adani Group stocks. The jump in Adani stocks followed global equity fund GQG’s cumulative Rs 15,466-crore investment in four group entities via block deals late on Thursday, saying […]
Citing the recent incidents in border areas of Jammu & Kashmir as unfortunate, defence minister Rajnath Singh asks all ranks to undertake operations based on hard intelligence, in accordance with established procedures aided by niche technology. During his day-long visit to the border areas to take stock of the security situation along the Line of […]
Indian equity indices were trading in the green territory in the early morning trade on Monday. The Nifty 50 rose 13.25 pts or 0.07% to 17,957.45 and BSE Sensex climbed 131.12 pts or 0.21% to 61,133.69. The top gainers of Sensex were Eicher Motors (up 1.46%), Hindustan Unilever Ltd (up 0.89%), UltraTech Cemnet (up 0.84%), […]
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