The negotiations for the proposed free trade agreement (FTA) between India and Oman are moving at a fast pace and the pact is likely to be signed next month, a senior government official said. Officials of the two countries concluded the second round of talks for the pact, officially dubbed as Comprehensive Economic Partnership Agreement […]
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to four stocks/securities on Tuesday, February 14, 2023. BHEL, Indiabulls Housing Finance, Ambuja Cements and Punjab National Bank (PNB) are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Tuesday. According to the […]
The Indian rupee opened marginally higher at 82.78 per dollar on Wednesday against the previous close of 82.85. The local unit is expected to depreciate, mainly on the back of a surge in crude oil prices and risk aversion in equity markets. Oil prices are rising on supply concerns after Russia signalled the possibility of […]
The Securities and Exchange Board of India (Sebi) has allowed non-promoter shareholders to offload their stake via the offer for-sale (OFS) route. At present, only the promoters or promoter group entities are allowed to sell stake through OFS. The minimum size of the offer will be Rs 25 crore, except for promoters or promoter group […]
By Vivek Bajaj Megatrends are dominant, transformative forces that have the potential to change the global economy, business, and society and have been changing the way we live for centuries. Consider electricity, the automobile, the Internet and Smartphones. Identifying the possibility of change is the critical driver of investment decisions. The understanding of megatrends is […]
Positive global cues and strong buying in the tech, banking, and auto sectors lifted the benchmark indices for the second straight session on Monday. The Sensex closed above 60,000 for the first time since February 21, rising 415.49 points or 0.69% to 60,224.46. It has risen by 1,315.11 or 2.23% over the past two sessions. […]
US stock index futures gained on Tuesday on hopes that inflation data due later in the day could influence the Federal Reserve to soften its rate hike stance. The US Labor Department’s CPI data, due at 8:30 am ET, is expected to show prices increased by 7.3% year-on-year last month, moderating from a 7.7% rise […]
Capital markets regulator Sebi has made stringent norms for Foreign Portfolio Investors (FPIs), asking them to disclose any material change in their structure and common ownership within seven working days.With regard to new FPI registrations, the Securities and Exchange Board of India (Sebi) can ask them for any additional documents which may be required, according […]
Indian share market is likely to open on a muted note hinted SGX Nifty on Tuesday as Nifty futures were trading marginally lower at 18150 level on the Singapore Exchange. In the previous session, BSE Sensex rallied 847 pts to 60,747, while NSE Nifty 50 rose 242 pts to 18,101. “Commencement of Q3 corporate earnings […]
India’s fuel demand witnessed the sharpest rebound in February as petrol and diesel consumption rose by double digits after a winter lull in the previous month, preliminary industry data showed on Wednesday. Petrol sales of state-owned fuel retailers jumped 12 per cent to 2.57 million tonne in February, as compared to 2.29 million tonne of […]