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The International Financial Services Centres Authority has allowed remote trading by foreign stock broking firms on Gift IFSC exchanges. Such firms will be allowed to trade directly on the stock exchanges on a proprietary basis, without a broker-dealer even if they do not have a physical presence at Gift IFSC in the form of a […]

Sensex, Nifty, Share Prices LIVE: Equities in Asia climbed on Thursday following Jerome Powell’s reiteration that the Federal Reserve is likely to reduce rates this year. In early trading, Japan’s benchmark Nikkei 225 index rose by 1.78%, or 701.83 points, to 40,153.68, while the broader Topix index increased by 1.39%, or 37.53 points, to 2,744.17. […]

Crude oil futures traded higher on Wednesday morning due to various supply side issues. At 9.55 am on Wednesday, June Brent oil futures were at $89.01, up by 0.10 per cent, and May crude oil futures on WTI (West Texas Intermediate) were at $85.16, up by 0.01 per cent. April crude oil futures were trading […]

The adoption of a shorter settlement cycle has benefited the securities ecosystem, said the chief of Securities and Exchange Board of India (SEBI). Speaking at an annual summit on corporate governance organised by the Confederation of Indian Industry, SEBI chief Madhabi Puri Buch, quoted a ratio that captured this improvement. She said that prior to […]

Infosys Ltd has received order under Section 201 & 201(A) of the Income-Tax Act, 1961 from the Income Tax Department, Government of India for assessment year 20-21 with a tax demand of ₹341 crore (including interest). The company is in the process of evaluating the implications of this order on the financial statements for the […]

The All India Sugar Traders Association has raised its sugar production estimated this season (October-September) by 0.4 million tonnes (mt) to 32 mt. It will still be lower than the 32.9 mt produced last season. Higher output in Maharashtra and Karnataka is likely to aid in raising the production figures, though Uttar Production will likely […]

Foreign portfolio investors (FPIs) reduced their holdings in Indian equities to a decade low of 16.2 per cent of overall market capitalisation, The drop in FPI holdings in percentage terms may be attributed to selling in some sectors, partly due to underperformance in financials, where FPIs have a substantial exposure, said experts. Foreign portfolio investors have injected […]

The Nifty Realty index has been one of the best performing benchmarks in FY24, rising 2.3 times or delivering absolute returns of over 132 per cent in the fiscal year, as demand for housing continued through the year and the office sector also showed decent absorption. The rally in the real estate stocks has also […]

India’s foreign exchange (Fx) reserves have soared in FY24 so far after declining in FY23, reflecting the Reserve Bank of India’s strategy to build them up for a rainy day. By shoring up the reserves, the central bank is trying to insulate the country from external shocks arising from volatile energy prices and supply chain […]

The funds mobilised by India Inc through the IPO route in this financial year was up 19 per cent to ₹61,000 crore compared to ₹52,116 crore raised in FY23. Also read:Why India Inc is slow to adopt AI tech However, excluding the mega LIC IPO of ₹21,000 crore in May 2022, the mop-up increased to […]