Domestic benchmark indices continued to soar higher on Friday, ending the week with gains. S&P BSE Sensex added 130 points or 0.22% to settle at 59,462 while the NSE Nifty 50 index was just shy of 17,700 on closing bell after gaining 39 points or 0.22%. Bank Nifty index was also in the firm control …
US stocks ended the day higher after swinging between modest gains and losses as mixed economic and earnings reports failed to spark a broad conviction trade. The dollar and bonds also rose. The S&P 500 rose 0.2%, in a session marked volumes holding about 20% below the 30-day average that can exacerbate price swings. Light …
In a move to strengthen the senior management team and better succession planning of private sector banks and wholly-owned subsidiaries of foreign banks, the Reserve Bank of India (RBI) on Wednesday asked them to ensure the presence of at least two whole-time directors (WTDs), including the MD & CEO, on their boards. Banks that do …
The Indian Rupee is likely to trade sideways on Thursday amid strong US dollar, dismal macroeconomic data, risk-on sentiments and foreign fund inflows. USDINR pair is likely to consolidate in the range of 79.35 to 79 ahead of the RBI Monetary Policy Committee meeting on Friday, according to forex analysts. In the previous session, rupee …
Capital markets regulator Sebi has amended rules governing portfolio managers, under which they will not be allowed to invest clients’ funds in unrated securities of their related parties or associates. The move is aimed at enhancing prudential norms for investments by portfolio managers, including investments in associates and related parties. Under the notified rules, the …
Hindustan Petroleum Corporation’s (HPCL’s) Q1FY23 performance was the worst in memory, with an Ebitda loss of Rs 125 bn and net loss of Rs 102 bn (Q1FY22 Ebitda/PAT at Rs 32/18 bn), well below I-Sec estimates of Rs 54.6 bn operating loss and Rs 63.6 bn net loss. The weakness in Q1 was almost entirely …
Latest news today (October 26): Presenting FE’s Breaking News today. We will keep you updated on all major news, views and much more throughout the day. PM Modi inaugurates 37th National Games in Goa Prime Minister Narendra Modi inaugurated the 37th edition of the National Games in Panaji, Goa on Thursday. The Prime Minister reached …
The Securities Appellate Tribunal (SAT) has quashed the charges of insider trading in Biocon against Shreehas Tambe, president and deputy CEO of Biocon Biologics. Sebi had passed an order restraining Tambe from accessing the securities market for a period of three months and also restraining him from associating with any listed public company or any …
Dalal Street benchmarks continued to move higher on Tuesday as bulls dominate Dalal Street momentum. S&P BSE Sensex added 379 points or 0.64% to settle at 59,842 points while the NSE Nifty 50 index soared 127 points or 0.72% to close at 17,825. India VIX the volatility gauge also closed with gains along with the …
Balaji Amines subsidiary Balaji Speciality Chemicals has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The public issue consists of a fresh issue of equity shares worth up to Rs 250 crore and an offer-for-sale (OFS) …