The Reserve Bank of India (RBI) earlier this week released a discussion paper on charges across various payment systems. With the move, the central bank is seeking feedback from stakeholders, after which the RBI would look to streamline the framework of charges for different instruments. The same is unlikely to have a major impact on …
A two-day meeting of senior officials of the World Trade Organisation (WTO) member countries which concluded in Geneva last Tuesday shaped agenda for the coming ministerial meeting of the world body, by narrowing down the differences over the key issues of agriculture, dispute settlement, e-commerce taxation, according to official sources. The direction and political backing …
Nykaa share price rose on Monday after the internet company reported 33% on-year rise in consolidated net profit to Rs 4.55 crore in quarter ended 30 June 2022, as against net profit of Rs 3.42 crore in Q1FY22. (FSN E-Commerce Ventures) Nykaa’s revenue from operations jumped 41% on-year to Rs 1,148.42 crore in Q1FY23. While …
Rising prices of compressed natural gas (CNG) are likely to dent the sales of CNG-powered vehicles. Moreover, these vehicles could face competition from their electric counterparts.According to a Motilal Oswal report, the Indraprastha Gas management has admitted that the introduction of electric vehicles can slash the demand for CNG vehicles long-term. They are making plans …
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 …
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 …