Category: Uncategorized

India’s regulator want stock trades to be settled instantly, racing far ahead of other major markets in pushing reforms meant to attract more investors. The Securities and Exchange Board of India (SEBI) is proposing to start same-day settlement from March, before moving to a real-time process in 2025. The shorter cycles will be optional for […]

The Securities and Exchange Commission (SEC) on Friday charged investment banking major Morgan Stanley & Co. LLC and the former head of its equity syndicate desk, Pawan Passi, in a front-running case. According to the US market regulator, the banking major and its employee were involved in a multi-year fraud by disclosing of confidential information […]

Income-tax findings on an “unnamed” company perceived to be Polycab Industries and the company’s clarification failed to convince analysts. The Polycab stock corrected 21 per cent to ₹3,905 on Thursday because of a Ministry of Finance release suggesting tax evasion by the group. While retaining the “Add” rating on the stock, Axis Capital cut the […]

Indian equities attracted good foreign portfolio inflows in 2023 at over $20 billion, but capex by companies is not keeping pace. Private capital expenditure has been sluggish over the last ten years and disruptions such as the Covid pandemic, high inflation rates, supply chain problems have only contributed to an uncertain macro environment. “Despite all […]

The Finance Ministry has scrapped a ₹5,000-crore ($602 million) plan to top up the nation’s strategic crude oil reserves, given the market volatility and the prospect of a further decline in prices. Instead of buying at current levels — Brent crude has already slumped about a fifth from a September peak and could fall further […]

Crude oil futures traded higher on Wednesday morning as the data published by the American Petroleum Institute (API) showed a decline in crude oil inventories in the US. At 9.54 am on Wednesday, March Brent oil futures were at $77.89, up by 0.39 per cent; and February crude oil futures on WTI (West Texas Intermediate) […]

Franklin Templeton India’s Chief Investment Officer, Anand Radhakrishnan, is set to join Sundaram Asset Management Company. He is expected to replace Sunil Subramaniam who is likely to step down by April. Subramaniam, 62, will step down after completing 19 years in Sundaram Mutual, sources said. During his tenure Subramaniam had handled various roles including Vice-President […]

The board of Chambal Fertilisers & Chemicals on Monday approved buy back of fully paid-up equity shares of face value of ₹10 each, not exceeding 1,55,55,555 shares at a price of ₹450 per equity share for ₹700 crore. The promoters and promoter group of the company have expressed their intention to tender shares under the […]

Caplin Point Laboratories Ltd’s subsidiary, Caplin Steriles Ltd reported that it has received approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Ofloxacin Otic Solution 0.3%. It is a generic therapeutic equivalent version of the Reference Listed Drug (RLD), FLOXIN Otic Solution of Daiichi Pharmaceuticals Inc. […]

Foreign portfolio investors (FPIs) have raised concerns that the move to T+0, or same-day settlement may fragment the market liquidity or trading volumes, while seeking more time to suggest viable alternatives, given the year-end holiday season, said two sources in the know. The Securities and Exchange Board of India has proposed a phase-wise transition to […]