Sensex, Nifty slip as caution prevails; investors await data
Bengaluru, March 28 Domestic equity market reversed early gains on Tuesday as caution about broader economic challenges soured sentiment, while investors waited for some key economic data due later in the week. The Nifty 50 index was down 0.18% at 16,954.50 as of 10:36 a.m. IST. The S&P BSE Sensex fell 0.11% to 57,589.50. Both […]
Crypto exchange Binance and its CEO sued by CFTC over regulatory violations
Binance Holdings Ltd., the world’s largest cryptocurrency exchange, and Chief Executive Officer Changpeng Zhao, were sued by the US Commodity Futures Trading Commission for allegedly breaking trading and derivatives rules. The CFTC filed the lawsuit Monday in federal court in Chicago. The derivatives regulator said Binance shirked its obligations by not properly registering with it. […]
STT hike could push FPIs to relocate operations to India to save tax
The recent hike in the Securities Transaction Tax (STT) will force many foreign portfolio investors (FPIs), who are unable to claim treaty benefits, to relocate their operations to India. This would allow the FPIs to adjust the STT already paid against their tax outgo , and could result in huge savings, experts said. STT is […]
Five of top 10-firms lose ₹86,447 crore in m-cap; Infosys, TCS, SBI hit hard
Five of the top 10 most valued firms together lost ₹86,447.12 crore in market valuation last week, with Infosys, Tata Consultancy Services and State Bank of India taking the biggest hit. Last week, the BSE benchmark fell 462.8 points or 0.79 per cent. While Reliance Industries Limited, Tata Consultancy Services (TCS), HDFC Bank, Infosys and […]
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MFs renew demand for cheque writing facility for debt investors
Now that the field is levelled between mutual funds and banks in terms of taxation, the former has renewed the long-standing demand for issuing instruments like cheques for debt fund investors. If approved, the MF debt funds will compete to attract funds parked in savings accounts of investors. ‘Logical conclusion’ Nilesh Shah, Managing Director, Kotak […]
.jpg "IOB raises ₹1,000 crore through Tier 2 bonds")
IOB raises ₹1,000 crore through Tier 2 bonds
PSU lender Indian Overseas Bank has mobilised ₹1,000 crore through Tier II bonds. The Chennai-headquartered bank came up with Basel III compliant Tier II Series V Bonds issue with a base size of ₹200 crore and a green shoe option of ₹800 crore. The bidding was held on March 23 on the BSE Electronic Bidding Platform, according to a statement. Related Stories Lessons from last […]
Markets fall nearly 1% amid weak trend in global equities; Nifty slips below 17k
Equity benchmark indices Sensex and Nifty buckled under selling pressure for the second straight session to settle nearly 1 per cent lower on Friday as investors pared exposure to the metal, energy and realty stocks amid a bearish trend in Asian and European markets. Besides, a depreciating rupee against the US dollar and fresh foreign […]
Nifty option trading: Morgan Stanley settles case involving RIL arm with SEBI
Foreign broker Morgan Stanley France SA, which allegedly allowed Reliance Strategic Investments (RSI) to conduct manipulative trade in the derivatives market in 2017, has settled its case with market regulator SEBI by paying a fine of ₹25.30 lakh. RSI is a company belonging to the Reliance Industries Group and as per SEBI’s show-cause notice (SCN) it […]
Indian stocks recover morning losses but stay flat in mid-morning trades
Indian stocks markets opened weak on Thursday morning tracking US markets, but recovered towards mid-morning, and have stayed flat with no further triggers. At markets open, the Nifty50 index was down 0.6 percent at 17,053.60 and the Sensex was also down 0.6 per cent at 57847.21 points. Most of the sectoral indices showed losses in […]