Ministry of Petroleum denies CREA report on India buying Russian crude
The Ministry of Petroleum and Natural Gas, on Wednesday, has denied a report by the Centre for Research on Energy and Clean Air (CREA) on India purchasing cheap Russian crude oil, saying it is misleading and a deceptive effort to tarnish India’s image, the 4th largest oil refining country globally. “It shows a lack of […]
Stock market today: Asian markets track Wall Street decline
Asian shares declined on Wednesday, tracking losses on Wall Street ahead of a decision on interest rates by the Federal Reserve. US futures edged higher while oil prices were little changed. The Federal Reserve will wrap up a two-day policy meeting later in the day. It is widely expected to raise its key rate by […]
Minda Corp to approach CCI seeking stake increase in Pricol to 24.5%
Auto component maker Minda Corporation on Tuesday announced that it will file an application before the Competitive Commission of India (CCI) to increase its stake in rival firm Pricol Ltd to 24.5 per cent. On February 17, Minda Corp had acquired 1.91 crore shares or 15.7 per cent of equity in Coimbatore-based auto component manufacturer […]
Today’s Pick: ICICI Bank (₹917.70): BUY
The short-term outlook is bullish for the stock of ICICI Bank. The stock has been on the uptrend since mid-March with support in the ₹900-895 region. Dips to this support zone are likely to see fresh buyers coming into the market. As such, the downside can be limited. A fall below ₹895 is less probable […]
Three stocks that outperformed market in the week ended April 28, 2023
With markets closed on Monday on account of Maharashtra Day, Indian markets will be open on Tuesday after a gap of three-days. Here is recap of major trends of the Indian stock markets last week. Both benchmark indices Sensex and Nifty 50 were up nearly 2.5 per cent each last week. Except for BSE Consumer […]
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Trying to get BSE on people’s priority list: MD & CEO Sundaraman
Taking chances has often favoured the bold and Sundararaman Ramamurthy is BSE’s feisty new MD and CEO who has started his stint with a disruptive move. In just three months of taking charge in January, Sundararaman suspended the exchange’s liquidity enhancement scheme (LES), wherein brokers were paid generate volumes in the otherwise moribund derivatives segment. Before Sundararaman took […]
Adani-Hindenburg row: SEBI moves SC seeking more time
Market regulator SEBI has told the Supreme Court that its ongoing investigations against Adani group, following the allegations made by Hindenberg Research report, are complex in nature and therefore need at least six more months to be completed. The top court had asked SEBI to complete the investigations in two months. SEBI has submitted that […]
Adani-Hindenburg row: SEBI moves SC seeking extension of time to complete probe
Market Regulator SEBI has moved the Supreme Court seeking a six-month extension to complete its probe into the allegations of stock price manipulation by the Adani group and any lapses in regulatory disclosures. The top court had on March 2 asked SEBI to probe the matter within two months and also set up a panel […]
Strong Q4, falling crude aid markets scale 2-month high
Equity benchmarks ended at a two-month high on Friday with Sensex and Nifty reclaiming the 61,000 and 18,000 levels, respectively, in the backdrop of upbeat performance by large corporates and banks, declining oil prices and other global cues including better earnings from big tech companies. At close, the Sensex was up 463.06 points, or 0.76 […]