Sensex, Nifty open higher on US debt ceiling deal
Indian shares advanced on Monday, led by an uptick in financials while improved global cues due to a weekend debt ceiling deal in the US added heft. The blue-chip Nifty 50 index was up 0.63 per cent at 18,616, while the benchmark S&P BSE Sensex rose 0.70 per cent to 62,939.10 in early trade. Ten […]
IEX’s wait for regulators’ nod for launching derivatives continues
Indian Energy Exchange (IEX) has been waiting for the report of a committee formed by SEBI and CERC to evolve a framework for trading in energy derivatives. Once the framework is in place, India’s premier energy exchange intends to launch a derivative product, a source in the company told businessline. IEX would have launched derivatives […]
Mutual fund equity assets up 4 per cent in April, even as inflows dip
Notwithstanding a volatile market, the top 20 mutual funds recorded a four per cent month-on-month gain in equity investments, including hybrid and other schemes, to Rs 22.14 lakh crore in April. SBI Mutual Fund and Axis MF topped the table with a 5 per cent gain each in equity assets to Rs 4.78 lakh crore […]
CFOs to be blamed for most of frauds, says Sebi WTM Mohanty
Chief financial officers are responsible for most of the frauds that have been witnessed in India, a senior official from SEBI said on Friday, citing an analysis done by the capital markets regulator. The role of the CFOs extends much beyond keeping accounts of the business, and SEBI looks at them as “critical gatekeepers for […]
Indian Bank empanelled as a Clearing and Settlement Bank with ICCL
Indian Bank on Friday said it has been empanelled as a Clearing and Settlement Bank with the Indian Clearing Corporation Ltd (ICCL). The public sector bank can now facilitate banking services to members of BSE for clearing and settlement operations. “Now, the clearing members can open settlement accounts with the Bank for funds settlement under […]
FYERS suffers technical glitch causing nervous moments to traders
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 trading […]
Ola Electric aims for IPO by 2023-end, hires Goldman, Kotak: Source
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 Corp […]
WPPS highlights wheat’s role in India’s pursuit to achieve zero hunger
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 by […]
Stocks that will see action today (May 23, 2023)
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 1.2 […]
ONGC and Oil India Q4 preview: Why the gas sector can add steam to results
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 minor […]