Category: Uncategorized

Brent crude oil futures traded marginally lower on Friday morning. The oil market is set to end the week lower as the economic slowdown in China further deepened with the property sector crisis in that country. At 9.54 am on Friday, October Brent oil futures were at $84.11, down by 0.01 per cent, and September […]

Global cotton production will likely decline next season (October 2023-September 2024) by three per cent, while consumption may remain stagnant and ending stocks could be lower.  However, China holds the key to prices as any drop in demand from the Communist nation could limit the upside to prices, analysts have said. As a result, global […]

IndiGo airline’s co-founder Rakesh Gangwal’s wife Shobha Gangwal, who is part of the promoter group, sold her entire near 3 per cent stake in the airline for ₹2,801.7 crore, exchange data showed. She sold over one crore shares, at prices ranging from ₹2,426.21 to ₹2,440.92 on the BSE. The identity of the buyer could not […]

Swan Energy’s shares were up by 3.76 per cent after the company reported a 192 per cent profit increase for the quarter ended June 30, 2023, at Rs 144.82 crore.  The company’s revenues were up by 208 per cent to Rs 804.29 crore . Sequentially, profits were higher by 133 per cent. The shares were up […]

IndiGo co-founder Rakesh Gangwal is looking to raise over ₹3,730 crore by paring down his stake in the airline via block trade scheduled for Wednesday. Gangwal has offered around 15.6 million shares for sale equal to 4 per cent stake in the airline at a floor price of ₹2,400 per share.  The offer price is 5.8 […]

Finance Ministry on late Monday notified raising windfall gain tax on domestically produced crude and export bound diesel while reimposed on jet fuel. An increase has been finalised due to a rise in crude oil prices in the global market. According to a notification issued by the Ministry, Special Additional Tax Duty (SAED), better known […]

Benchmark equity indices bounced back sharply and ended in the positive territory on Monday, helped by fag-end buying in index heavyweights Reliance Industries and Infosys along with a firm beginning in European markets. The BSE Sensex climbed 79.27 points or 0.12 per cent to settle at 65,401.92. During the day, it fell 500.77 points or […]

After three months of strong inflows into India’s equity markets, FPI investments has slowed down to just over ₹3,200 crore in the first half of August. Foreign Portfolio investors have invested between ₹43,000 crore and ₹46,600 crore in the previous three months.  The market lacked conviction and remained in a slender range throughout the past […]

Commitments from alternative investment funds (AIFs) have inched up to Rs 8.44 trillion in the quarter ended June, registering quarter-on-quarter growth of a mere 1.3 per cent, regulatory data shows. Global headwinds, including rising interest rates and inflationary pressures, have made it difficult for funds to garner commitments, said market watchers. Also read: SEBI introduces […]

RK Swamy Ltd, an integrated marketing services provider offering a single-window solution for creative, media, data analytics and market research services, has filed its Draft Red Herring Prospectus with market regulator SEBI. The company’s initial public offering comprises a fresh issue aggregating up to ₹215 crore and an offer-for-sale of up to 8,700,000 equity shares […]