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Target: ₹86 CMP: ₹66.39 Electronics Mart India Limited is the fourth largest electronic retailer with a diversified product offering (6,000 SKUs across product categories from more than 70 consumer durable and electronics brand) and is strongly placed in the southern region (AP and Telengana). EMIL has been increasing its market presence and geographic base with […]

The rupee appreciated by 24 paise to 82.10 in early trade on Friday following foreign fund inflows and a fall in crude oil prices. Gains in the local stock market and weakness in the US dollar in early Asian trade also boosted the rupee sentiment. At the interbank foreign exchange market, the rupee opened higher […]

Bullish bets by domestic institutional investors (DIIs) on India’s stock market touched a three-year high this week. Data showed that DIIs were holding net long positions in the index futures segment, comprising mainly the benchmark Nifty and the Bank Nifty index to the tune of 79,050 contracts on March 28, the highest since March 2020. […]

From allowing share purchase through the Application Supported by Blocked Amount (ASBA) facility — where investor funds remain blocked in their own bank accounts instead of being passed to the broker until the execution of purchase order — to making it mandatory for the top 100 companies to clarify on market rumours, market regulator SEBI […]

The board of Securities and Exchange Board of India (SEBI) on Wednesday took a number of decisions relating to ESG disclosures, rating framework on ESG, and a mechanism for preventing and detecting frauds stock market frauds. The markets regulator has introduced quantitative norms to gauge materiality of developments. Related to mutual funds, SEBI has brought […]

SEBI has postponed the decision to freeze mutual fund folios without nomination to September 30, 2023 instead of March-end. In a circular issued on Tuesday, SEBI said last July it had prescribed the requirement for nomination and opting out of it for all the existing individual unit holders holding mutual fund units either solely or […]

Bengaluru, March 28 Domestic equity market reversed early gains on Tuesday as caution about broader economic challenges soured sentiment, while investors waited for some key economic data due later in the week. The Nifty 50 index was down 0.18% at 16,954.50 as of 10:36 a.m. IST. The S&P BSE Sensex fell 0.11% to 57,589.50. Both […]

Binance Holdings Ltd., the world’s largest cryptocurrency exchange, and Chief Executive Officer Changpeng Zhao, were sued by the US Commodity Futures Trading Commission for allegedly breaking trading and derivatives rules.  The CFTC filed the lawsuit Monday in federal court in Chicago. The derivatives regulator said Binance shirked its obligations by not properly registering with it.  […]

The recent hike in the Securities Transaction Tax (STT) will force many foreign portfolio investors (FPIs), who are unable to claim treaty benefits, to relocate their operations to India. This would allow the FPIs to adjust the STT already paid against their tax outgo , and could result in huge savings, experts said. STT is […]

Five of the top 10 most valued firms together lost ₹86,447.12 crore in market valuation last week, with Infosys, Tata Consultancy Services and State Bank of India taking the biggest hit. Last week, the BSE benchmark fell 462.8 points or 0.79 per cent. While Reliance Industries Limited, Tata Consultancy Services (TCS), HDFC Bank, Infosys and […]