FYERS suffers technical glitch causing nervous moments to traders
[ad_1] Discount broker FYERS is the latest to suffer a technical glitch. On Thursday, when traders were busy on the monthly expiry day of F&O on the NSE, FYERS witnessed a snag due to intermittent leased line disconnection from the primary Internet Service Provider (ISP) at the NSE’s Mumbai location. Earlier, another brokerage Shoonya suffered […]
Ola Electric aims for IPO by 2023-end, hires Goldman, Kotak: Source
[ad_1] India’s Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters. Ola Electric, which makes electric scooters, is backed by investors such as SoftBank Group […]
WPPS highlights wheat’s role in India’s pursuit to achieve zero hunger
[ad_1] The Wheat Products Promotion Society (WPPS) has underscored the need to position wheat as the primary food crop to meet India’s future food requirements. WPPS, which recently organised a one-day seminar, focused on the role of wheat as a major food crop in India’s pursuit of Sustainable Development Goal (SDG)-2 of achieving zero hunger […]
Stocks that will see action today (May 23, 2023)
[ad_1] Adani Green Energy Ltd has cancelled the board meeting on Wednesday, scheduled to consider and approve fundraising options, the company said in an exchange filing. The next date of the meeting will be informed with a fresh notice, the company said Reports that Mahindra & Mahindra, promoter of Mahindra CIE Automotive is likely to sell […]
ONGC and Oil India Q4 preview: Why the gas sector can add steam to results
[ad_1] Globally, energy producers have been the biggest beneficiary of the supply disruptions and an unprecedented rally in energy prices in 2022. In India, although crude oil is predominantly imported, ONGC and Oil India are the major domestic producers, contributing only a fifth of the country’s total oil requirements. The remaining balance is imported, with […]
Adani Group surpasses ₹10 lakh crore market cap after clearing Hindenburg allegations
[ad_1] Adani Group companies have added nearly ₹82,000 crore in market capitalisation to cross ₹10-lakh crore for the first time after the wild allegations made by the short-seller Hindenburg Research report in January. All the 10-Adani Group companies have ended the day on a positive note, taking the overall market capitalisation to ₹10.18-lakh crore with […]
Rupee falls 13 paise to 82.80 against US dollar
[ad_1] The rupee depreciated 13 paise to 82.80 against the US dollar in early trade on Monday, after the central bank said it will withdraw the highest value currency note from circulation. At the interbank foreign exchange, the domestic unit fell to 82.80 in initial trade, registering a decline of 13 paise over its last […]
Transworld Holdings plans voluntary delisting of Shreyas Shipping
[ad_1] Transworld Holdings plans to voluntarily delist equity shares of its Indian subsidiary, Shreyas Shipping & Logistics, through a reverse book-building process. The proposed delisting of SSL will reduce the ongoing substantial compliance costs, including the costs associated with listing equity shares such as annual listing fees and fees payable to share transfer agents, expenses […]
Indian steelmakers express concerns over rake shortages impacting raw material transportation
[ad_1] Indian steelmakers have expressed concerns over the non-availability of Railway rakes to transport iron ore and other raw materials. Steel makers through the Indian Steel Association – which has participation from the likes of Tata Steel, SAIL, JSW, JSPL, AMNS India and others – have pointed out that empty rakes (called BOXN wagons) are […]
Adani-Hindenburg row: SC-appointed panel says difficult to find fault with SEBI on regulatory oversight
[ad_1] A Supreme Court mandated six-member committee, led by former Supreme Court judge AM Sapre, stated that it was unable to conclude at present, that there was regulatory failure by SEBI in the Adani-Hindenburg case. The court had established the Sapre panel to investigate if there was a regulatory failure in addressing the alleged violations […]
