The Securities and Exchange Board of India (Sebi) plans to put in place a mechanism to ensure that the client money or float does not remain with brokers even for a single day. The regulator aims to implement this in the next six months and has formed a committee to streamline the process for the […]
Indian benchmark equity indices to remain under pressure amid negative sentiment in the global markets. The trends on SGX Nifty, Asian and US markets suggest that Sensex and Nifty will stay in the red territory today. The Nifty futures on the Singaporean exchanges were trading 68 pts or 0.38% lower at 17,777.00 in the early […]
Shares of India’s largest airline IndiGo surged over 8% on Wednesday as smaller rival Go First’s bankruptcy filing raised hopes of market share gains and improved yields. Cash-strapped airline Go First filed for bankruptcy on Tuesday, blaming “faulty” Pratt & Whitney engines for the grounding of about half its fleet and taking lenders by surprise. […]
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