The Indian rupee is expected to depreciate on Friday amid expectations of weak macroeconomic data from India. CPI year-on-year is expected to drop from 7.01% to 6.78%. Additionally, industrial production is expected to drop from 19.6% to 10.7%. USDINR (August) is likely to trade in a range of 79.70-79.90, according to ICICIDirect. In the previous …
Institutional investors dissented nearly 18 resolutions, including those of Zomato and Bajaj Auto, with more than 50% of their total votes, while 252 resolutions were favoured with 100% votes. The Apex Frozen Foods’ resolution to reappoint a whole-time director was disapproved with 93.6% of the total votes cast. However, the motion was defeated based on …
D-Street continued to bleed owing to global events and investor panic, with Rs 15 trillion of investor wealth being wiped out over the past five trading sessions. The last big fall was in May 2022, when investor wealth plunged by Rs 18.8 trillion in 5 sessions. The benchmark Sensex has lost 2,379 points or 3.58% …
Paytm share price tumbled over 4 per cent on Friday to hit an intraday low of Rs 782 apiece on NSE. The slump follows RBI’s move to issue strict norms for digital lending space. It also comes a day after the Advisory firm Institutional Investor Advisory Services India Limited (IiAS) flagged the proposal to reappoint …
As anticipation mounts for the upcoming Jabalpur Cantt Constituency Election in Madhya Pradesh, voters are eagerly awaiting the big battle that kicks off with the announcement of key dates by the Election Commission of India. Here, we provide you with essential details about the Jabalpur Cantt Constituency Assembly Election 2023 that every voter should be …
BSE Sensex and NSE Nifty 50 are poised to hit fresh lifetime highs by the end of the current year, as global liquidity will drive investors to earn more via equity allocations, says Sanjiv Bhasin, Director at IIFL Securities Ltd. In an interview with Surbhi Jain of Financial Express Online, Bhasin believes that Sensex may …
Indian equities lost ground for the second straight session on Monday, anxious that global growth would slow sharply amid continued tightening by central banks. The Street also expects more hikes in local interest rates with inflation remaining uncomfortably high. The benchmark indices – Nifty 50 and BSE Sensex – lost over 1%, dragged lower by …
A look at Reliance Industries’ (RIL’s) FY22 annual report provides insights into the way the company’s character has transformed over the past 3-4 years. The fiscal saw record profitability and margins for RIL’s consolidated operations, with growing scale of the consumer businesses complemented by recovery in ‘oil to chemicals’ (OTC) margins as well. However, substantially …
Kotak Mahindra Asset Management Company has launched the Kotak Consumption Fund, an Open-Ended Scheme that will invest in equity, equity-related securities of companies engaged in consumption and consumption-related activities. The New Fund Offer (NFOR) of the scheme opened for subscription on October 25, 2023, and it will close on November 8, 2023. The fund will …
Syrma SGS Technology IPO entered the final day of bidding today after having already been oversubscribed by investors. The Rs 840 crore public issue opened for subscription last week after having garnered decent interest from anchor investors. Syrma SGS public issue has seen all investor categories oversubscribe their portions except Qualified Institutional Buyers (QIB). In …