India increases windfall gain levy on crude oil amid rising prices
The Finance Ministry on late Friday raised Special Additional Excise Duty (SAED), better known as windfall gain levy on domestically produced crude, to ₹10,000 a tonne from ₹6,700. It will come into effect from September 16 This decision has been taken as crude prices have gone up. This rise will likely impact oil exploration companies […]
Sensex jumps 319.63 points to end at 67,838.63; Nifty up by 89.25 to close at 20,192.35
Sensex and Nifty darted up to fresh lifetime highs on Friday, propelled by a rally in global markets and fresh foreign capital inflows. Besides, buying in telecom, auto and tech stocks also helped markets to settle with gains, traders said. Rallying for the 11th day running, the 30-share BSE Sensex jumped 319.63 points or 0.47 […]
SEBI may tighten norms for broker partners to curb unauthorised trades, misselling
The Securities and Exchange Board of India (SEBI) has raised concerns on the proliferation of authorised persons (AP) and has asked brokers to keep a closer tab on their activities. The regulator may bring out tighter norms for these entities given the increasing complaints about APs offering assured returns, taking payment in cash, carrying out […]
Rupee vaults 8 paise to 82.93 against dollar
The rupee appreciated 8 paise to 82.93 against the US dollar in early trade on Thursday tracking positive domestic equities. Forex traders said the domestic unit was trading in ranges against the dollar as the support from positive domestic equities has been negated by elevated crude oil prices and a firm US dollar. At the […]
Broker’s call ICICI Bank Buy
Target: ₹1,150 CMP: ₹989.75 ICICI Bank’s Annual Report highlights the progress the bank is making towards sustainable growth. This is evident from its strong contingency buffers and robust underwriting and risk-monitoring mechanisms, all of which contribute to safeguarding the company’s balance sheet. ICICI Bank has been reporting a robust performance, led by a strong core […]
SEBI penalises Reliance Home Finance for violating LODR regulations and concealing forensic report findings
The Securities and Exchange Board of India has slapped a penalty of ₹15 lakh on Reliance Home Finance for violation of LODR regulations and failure to disclose the adverse findings of a forensic report. Chief executive Ravindra Sharad Sudhalkar, company secretary and compliance officer Parul Jain and CFO Pinkesh Shah have been levied a penalty […]
Sonata secures three Microsoft India partner of the year awards
Sonata Software has clinched three Microsoft India Partner of the Year Awards across multiple categories. The accolades recognise Sonata’s accomplishments and contributions in the fields of Manufacturing and Conglomerates, ITES, and Digital Natives. The Microsoft India Partner of the Year Awards applaud partners for their outstanding achievements and forward-thinking initiatives in various domains, including partner […]
Ratnaveer Precision jumps 32 per cent on Day 1 of listing
Shares of Ratnaveer Precision Enginering, the first company to list on T+3 basis, made a strong debut at the bourses by gaining over 30 per cent. Shares of the company debuted at ₹128, registering a jump of 30.61 per cent from the issue price of ₹98 on the BSE. During the day, it zoomed 37.14 […]
Stock Market Live Updates: Volatility looms as Asian markets navigate uncertain conditions
tock Market today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 11 September 2023. ALL UPDATES September 11, 2023 07:21 Sectoral Outlook: Technical Analysis: What is the outlook for IT Sector? he downtrend in the BSE Information Technology […]
Evaluation of risk management tools in the Indian commodity derivatives market
In the commodity derivatives markets, risk from the lens of an exchange include market fraud risk, credit risk, liquidity risk, systemic risk and operational risk. Most of these risks are managed by the clearing house of the exchange. A variety of risk management tools are adopted by such exchanges to preserve market integrity which includes […]
