By Ashley Coutinho The Securities and Exchange Board of India (Sebi) plans to allow brokers to extend the margin trading facility (MTF) to equity exchange traded funds (ETFs). At present, only select stocks that fall under Group 1 securities are offered the MTF facility by brokers. Globally, however, ETFs can be purchased on margin, even …
Rakesh Jhunjhunwala stock Star Health and Allied Insurance Company has rallied more than 50% in a month and analysts see more upside on the stock going forward. After Star Health’s fiscal first quarter results, brokerage firms have maintained their ‘Buy’ ratings, remaining optimistic on the overall prospects of the insurance company. Star Health shares were …
India’s target to raise the share of gas in its energy mix to 15% by 2030 from around 6.4% now seems improbable, as demand will continue to outstrip domestic supply while inadequate evacuation infrastructure could prevent large-scale imports that would be required to realise the lofty goal, analysts said. Far from going up, India’s net …
IT stocks sold off for the fourth straight session on Tuesday owing to investor concerns that margins of software firms could continue to stay under pressure as wage and retention costs rise and expenses on travel and facilities also increase. Moreover, there are apprehensions that business from top geographies could slow. The BSE IT index …
Mahāsa Ghar, a lifestyle collective, officially unveiled its 3D Lifestyle Storefront, to offer users a shopping experience that harmonises ethicality, heritage, and conscious living. Its website is now live. The platform offers a collection of fashion, beauty, room, bath, and body essentials. The Mahāsa Ghar website is driven by 3D and AR technologies enabling an …
The Indian Rupee is expected to depreciate on Thursday amid a rise in crude oil prices. Further, investors will keep an eye on macroeconomic data from the US to get a clear view on the US dollar index. “US$INR (August) is likely to trade in a range of 79.50-79.70,” said ICICIDirect. In the previous session, …
Positivity is setting in for YES Bank with the proposed equity capital raise of Rs 89 bn ($1.1 bn) from Carlyle and Advent International, with each investor potentially acquiring up to 10.0% stake in YES Bank. The capital will be raised through a combination of Rs 51 bn ($640 mn) in equity shares and Rs …
Electronic manufacturing services firm Syrma SGS Technology on Monday said it will come out with its Rs 840-crore initial share sale on August 12, which will end two-and-a-half months of the gap in the initial public offering (IPO) market. The company has fixed a price band of Rs 209-220 per equity share for its IPO, …
Richest Indian Gautam Adani and mining baron Anil Agarwal on Sunday led India Inc in paying tributes to veteran stock market investor Rakesh Jhunjhunwala, who passed away early this morning. “Extremely saddened by the untimely passing away of the most legendary investor that India has had. Shri Jhunjhunwala inspired an entire generation to believe in …
Indian equity markets are likely to kick off the new week on a negative note amid gloom in Asian markets. SGX Nifty hinted at a negative start for domestic benchmark indices as Nifty futures traded 75.5 points, or 0.43 per cent, lower at 17,668.5 on the Singapore Exchange. Technical analysts expect the market to extend …