Markets regulator Sebi has proposed the concept of blue bonds as a mode of sustainable finance, saying such securities can be utilised for various blue economy-related activities, including oceanic resource mining and sustainable fishing. Also, the watchdog has suggested strengthening the framework for green bonds by amplifying the definition of green debt securities and enhancing …
Our cement coverage reported an 18% y-o-y fall in Q1FY23 Ebitda (4% beat) on cost pressures. The small beat was driven by better realisation. Petcoke, a key cost, is down >30% vs the Q1 avg. and will likely reduce cost pressure in Q3FY23. Soft cement prices should be reflected in weak Q2 profitability, but the …
Adani Power share price soared 5 per cent to a new 52-week high of Rs 419 apiece on Friday, taking its rally so far in 2022 to 307 per cent. With today’s gain, Gautam Adani group firm has overtaken state-run NTPC in market capitalisation. Technical analysts say that Adani Power stock now remains steeply overextended …
At a time when rural consumption remains tepid, buoyancy in urban consumption primarily caused consumer durables production to spike to a 14-month high in August, say experts. As per the August Index of Industrial Production (IIP) data – consumer durables output rose 5.7% year-on-year. In the past 14 months, the sector’s output has contracted year-on-year …
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices in India were trading in red on Tuesday, even as yellow metal hit a one-month high globally. On Multi Commodity Exchange, gold October futures were down Rs 96 or 0.2 per cent at Rs 51,530 per 10 gram. Silver September futures fell Rs 256 …
Interest of foreign portfolio investors (FPIs) in India will increase given the roll-out of T+1 settlement, access to the commodity segment, developments at GIFT City and higher weightage to India, says Viraj Kulkarni, founder, Pivot Management Consulting, a securities services firm. In an interview with Ashley Coutinho, he says geopolitical developments, issues faced by non-bank …
Sebi on Friday asked stock exchanges and depositories to develop a system wherein permanent account numbers of a company’s designated persons are frozen for a specific period to curb inadvertent trades during the trading window closure. Initially, the new framework will be applicable to declaration of financial results of listed companies that are or were …
MKU, a key player in the global defence industry, is on the brink of introducing what is hinted to be a groundbreaking innovation, aiming to once again reshape the landscape of soldier protection. A decade after the game-changing launch of its ‘Instavest’ with patented ‘quick release’ technology, the firm is set to debut a new …
Wall Street edged lower on Thursday in choppy trading as losses in Apple Inc and energy companies dampened the bullish resolve of the major indexes that had rallied in the previous session to its best in a week. Apple weighed the most on the S&P 500 and the Nasdaq, shedding 0.4%, a day after surging …
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Thursday’s trading session in the negative territory.The NSE Nifty 50 tanked 264.90 points or 1.39% to settle at 18,857.25, while the BSE Sensex shed as much as 900.91 points or 1.41% to 63,148.15. The broader indices settled lower with Midcap …