Category: Uncategorized

HSBC Global Research prefers large-caps but sees opportunities in the current mid-cap sell-off too. The research house remains constructive on the broader market and ruled out any deep sell-off in mid-caps from current levels. It said that mid-cap valuations had come down to the five-year mean and that the mid-cap market breadth had declined to […]

Shares of Rail Vikas Nigam Ltd rose 3.16 per cent on the NSE as of 11.12 am to trade at ₹246.75. The civil construction company emerged as the lowest bidder for a contract from SER HQ-Electrical/ South Eastern Railway. It pertains to design, supply, erection, testing and commissioning for upgradation of electric traction system from […]

Market regulator SEBI has given an undertaking in the Bombay High Court that it will not take any action against Subash Chandra for a period of three weeks. Chandra had filed a writ petition against SEBI’s summons in a case related to alleged siphoning of funds. Ravi Kadam, the lawyer appearing for Subhash Chandra, apprised […]

SEBI has proposed that the disclosures made in the draft red herring (DRHP) and red herring (RHP) prospectus of public issues be made available in audio-visual (AV) format by the issuer companies listing on the main board. The AV will be in English and Hindi and made available in public domain. This is to provide […]

Stainless steel manufacturer Jindal Stainless Ltd (JSL) has partnered with electric bus manufacturer JBM Auto Ltd, to roll out over 500 energy-efficient and light-weight stainless steel electric buses. The material will be supplied to JBM Auto through Jindal Stainless’ domestic service arm, Jindal Stainless Steelway Ltd (JSSL). The JT Tubes, provided by JSSL, will be […]

Infosys co-founder NR Narayana Murthy has gifted shares worth over ₹240 crore to his four-month-old grandson, Ekagrah Rohan Murty. According to the exchange filing, the 77-year-old IT veteran said that he transferred 0.04 per cent stake or 15 lakh shares, to his grandson in an off-market transaction on Friday. Also read: Narayana Murthy’s 70-hour work […]

The Centre has granted its approval to insurance major LIC for a wage revision for its employees, effective August 1, 2022. The pay has been revised upwards by 17 per cent. The US has widened its investigation of Adani Group to focus on the conduct of its founder, Gautam Adani, and whether the company may […]

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 […]

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 […]

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 […]