Coal PSUs must plan pithead-based thermal projects: Coal Secy Meena
The Coal Ministry has asked Coal India Ltd and NLC India Ltd to go for pithead-based thermal projects with an aim to reduce transportation cost and improve availability of dry fuel, a top government official said. Also read: Coal miners to ramp up RE capacity to over 9 GW by 2030 The plan is that […]
MF inflows through SIPs set to hit new high in FY24
Notwithstanding the concerns over froth and bubbles building up in the stock markets, the inflows through Systematic Investment Plans are all set to hit a record high this fiscal, and in the last 11 months, it has already surpassed the amount collected in FY23. The SIP inflows were up 15 percent in the last 11 […]
SEBI greenlights T+0 settlement beta version, FPI relaxations
The board of Securities and Exchange Board of India (SEBI) on Friday gave its nod for the launch of a beta version of optional T+0 settlement for 25 scrips with a limited set of brokers. The board has approved a proposal to exempt additional disclosure requirements for FPIs having more than 50 per cent of […]
Price cut on petrol, diesel deflates OMC stocks
Shares of oil marketing companies come under pressure after a late-night sudden announcement of cutting diesel and petrol price by ₹2 each at retail outlets. Hindustan Petroleum Corporation slumped 6.24 per cent to ₹468.95 on the BSE, Indian Oil Corporation 5.46 per cent to ₹161.15 and BPCL by 3.74 per cent to ₹586.25, as analysts […]
Five firms raise ₹8 crore via social stock exchange listing
The National Stock Exchange’s (NSE) Social Stock Exchange (SSE) platform listed two more NPOs on Thursday — Swami Vivekananda Youth Movement (SVYM) and Transform Rural India — taking the total number of SSE listings to five. SVYM, which specialises in areas of education, health, socio-economic empowerment, environment and sustainability, has raised ₹1.55 crore, for a […]
HavenArk join hands with Zimtra to strengthen community trading
HavenArk, a leading trading community in Kochi, has announced a strategic partnership with Zimtra, a proprietary asset management firm. Leveraging HavenArk’s extensive trader network, the collaboration aims to usher in a new era of trading proficiency and economic empowerment. With Zimtra already allocating over $5 million to traders and a steadfast commitment to bolster financial […]
Bajaj Auto buyback offer oversubscribed 6.89 times
Bajaj Auto’s ₹4,000-crore buyback offer received a strong response from investors. The offer was oversubscribed 6.89 times according to the data available at BSE. The buyback that opened on March 6 closed on Wednesday. The company announced its intention to buyback up to 40 lakh shares at a face value of ₹10 each. In January, […]
Stocks that will see action today: 13 March 2024
The market regulator has ordered Vedanta Ltd to pay ₹77.62 crore to Scottish explorer Cairn for delay in payment of dividends, and also barred the firm’s entire board, including his brother Navin and daughter Priya, from accessing the capital market for the same. In a stock exchange filing, Vedanta said it received the order on […]
India’s pain is Pakistan’s gain in global maize market as exports drop to a trickle
Pakistan has gained at India’s cost in the world corn (maize) market, particularly South-East Asia, as domestic prices are ruling higher than the global prices, exporters and traders said. This is in view of demand from the poultry and starch sectors besides for ethanol production amidst drop in the coarse cereal’s production this crop year […]
Small-caps wilt under selling pressure on valuation concern
Broader market came under heavy selling pressure on Monday, amid talk of potential bubble in the small- and mid-cap segments and stiff valuation. The BSE Sensex and NSE Nifty declined around 0.7-0.8 per cent while the slide was deeper in the case of BSE SmallCap that plunged 2.01 per cent. Also read: There are pockets […]