By Ashley Coutinho The Securities and Exchange Board of India (Sebi) has come out with a broad framework for investment by portfolio management services (PMS) in securities of related party entities and associates. “The portfolio manager may make investments in the securities of its related parties or its associates only after obtaining the prior consent …
Mukesh Ambani’s Reliance Industries has scheduled its Annual General Meeting for August 29, and many expect announcements about share market listing of either Reliance Jio, Retail or O2C businesses along with the launch of 5G services. This year’s annual general meeting will be the 45th AGM of Reliance since its IPO (Initial Public Offering). Reliance …
By Bhavik Patel WTI Crude started August on the decline, following the first back-to-back monthly losses in June and July since the end of 2020. Oil prices have plunged by more than 7% since the start of August. Currently the sell off in crude oil is on back of expected weak demand as recession looms …
By Ashley Coutinho After nine consecutive months of outflows, the net flows from foreign portfolio investors (FPIs) into Indian equities turned net positive in July. Market pundits are now hoping that a weak US economy would slow the pace of monetary tightening by the US Federal Reserve, and probably lead to a pause in rate …
Indian equity markets are likely to extend losses on Tuesday amid weak global cues. Benchmark indices are expected to open in the red as trends in the SGX Nifty indicated a negative opening with a loss of 85 points. In the previous session, the S&P BSE Sensex dived 872 points or 1.46% to settle at …
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 …
Eight of the 10 most valued firms together added Rs 98,234.82 crore in market valuation last week, with IT majors Infosys and TCS emerging as the biggest gainers amid a positive momentum in equities. Last week, the BSE benchmark Sensex advanced 817.68 points or 1.42 per cent. The market valuation of Infosys jumped Rs 28,170.02 …
Strong profit of Rs 29 bn (c9% q-o-q) in Q1 driven by record marketing Ebitda of Rs 24 bn had little meaning as supply disruption in the current quarter puts future earnings at risk. Company indicated that its LNG cargoes from Gazprom Marketing and Trading Singapore (2.5mmtpa contract) have been disrupted since June and will …
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 …
BSE Sensex and NSE Nifty 50 likely to jump on Thursday, a day of weekly F&O expiry, following the better-than-expected US inflation data. SGX Nifty 50 Index Futures for August were trading at 17,747, up 200.50 points or 1.14 per cent up on Singaporean Exchange in early trade. Asian peers were also seen trading higher …