Vijay Kedia-backed TAC Infosec jumps 3-fold on listing

Vijay Kedia-backed TAC Infosec jumps 3-fold on listing

[ad_1] TAC Infosec, risk and vulnerability management company, on Friday made a strong debut on the NSE Emerge platform. The stock was listed at ₹290, a premium of 174 per cent over IPO price of ₹106. The stock rose further to end at ₹304.50. Trading volume stood at 14.60 lakh shares. Also read:TAC Security eyes […]

Foreign brokers allowed to operate remotely at Gift IFSC

Foreign brokers allowed to operate remotely at Gift IFSC

[ad_1] 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 […]

Shorter settlement has benefited market: SEBI chief 

Shorter settlement has benefited market: SEBI chief 

[ad_1] 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 […]

Stocks that will see action today: 2 April 2024

Stocks that will see action today: 2 April 2024

[ad_1] 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 […]

Traders body raises sugar output estimate to 32 mt

Traders body raises sugar output estimate to 32 mt

[ad_1] 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 […]

FPI holdings hit decadal low despite  billion injection in FY23-24

FPI holdings hit decadal low despite $25 billion injection in FY23-24

[ad_1] 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 […]