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Sovereign Gold Bond (SGB) is losing shine, as a collection through these bonds saw a dip of around 46 per cent during fiscal year 2022-23 compared to the fiscal year 2021-22.  Interestingly, the return on investment was in double digit. Multiple reasons include no correction in prices and consequent higher issue prices. Issue prices for […]

The Securities and Exchange Board of India (SEBI) has revised the minimum unitholding by sponsors of REITs and InvITs, stating it will be on a reducing scale for the entire life of the REIT and InvITs. Current SEBI regulations mandate that the sponsor hold a minimum of 15 per cent of the units for a […]

India’s blue-chip Nifty 50 and Sensex stock indexes rallied about 1 per cent each to hit record highs on Wednesday, lifted by gains in some Adani group stocks and heavyweight financial stocks. The Nifty index rose as much as 1.03 per cent to a record high of 19,011.25 as of 1:55 pm, after struggling to […]

The board of directors of Hindustan Aeronautics has announced a final dividend of ₹15 a share and a sub-division of existing one equity share of the face value of ₹10 each into two shares of ₹5 each. The stock on Tuesday closed 1.05 per cent lower at ₹3,661.25 on the BSE. HAL has fixed September […]

The equity markets are expected to open on a flat note on Tuesday. Analysts expect trading to remain lacklustre ahead of the holiday, while F&O stocks may see volatility due to the impending expiry of monthly June contracts. Equity markets in India are closed on Wednesday, June 28 in observance of Eid. The market now lacks […]

The government is actively considering a proposal to allow commodity exchange accredited warehouses to issue integrated GST to allow corporate hedgers and traders to take delivery on the exchange platform to benefit from set-off. Currently, these warehouses issue bills with a component of state GST and traders with manufacturing centres in different states find it […]

Six of the top-10 most valued domestic firms suffered a combined erosion of ₹1,02,280.51 crore in market valuation last week, amid a weak trend in equities, with Reliance Industries taking the biggest hit. Last week, the BSE benchmark fell 405.21 points or 0.63 per cent amid a bearish trend in global equities and concerns over […]

Foreign portfolio investors (FPIs) continue to show confidence in Indian equities and pumped more than ₹30,600 crore in June so far, as they bet on the country’s stable macroeconomic profile and sturdy corporate earnings outlook. This came following a nine-month high investment of ₹43,838 crore in equities in May, ₹11,631 crore in April, and ₹7,936 […]

India’s steel purchase from China touched one of the highest in recent times for April-May, with 0.23 million tonnes (mt) coming in. This is up 62 per cent YoY, per provisional data available with the Union Steel Ministry, and accessed by businessline. Finished steel shipments from China in April-May of 2022 was 0.14 mt; while […]

Shares of the country’s largest commodity derivatives exchange MCX crashed four per cent to ₹1,563 on Friday after the exchange cancelled mock trading on the new software being developed by Tata Consultancy Services. The exchange had been holding trials for last few days to ascertain in stability during peak trading and make investors accustom to […]