Farmers roll out ‘Onion Rath Yatra’ to spice up political landscape
[ad_1] In the onion heartland of Maharashtra’s Nashik district, a distinctive scene unfolds amidst a political backdrop rich with rath yatras. Unlike typical political parades, this rath yatra is distinct — it’s a moving account of farmers taking to the streets not for votes, but to sow seeds of awareness about how populist political decisions […]
Broker’s Call: Welspun Living (Buy)
[ad_1] Target: ₹181 CMP:L ₹153.80 India’s market share in the US home textile exports improved to 46/38 per cent in CY2023 for bedsheets/terry towels from 34/36 per cent in CY2022. With this, domestic players such as Welspun Living will benefit from improving global opportunities. Management is confident about its medium-term prospects and targets its revenue […]
Vipul Organics secures order to supply pigment dyes, shares up
[ad_1] Vipul Organics Limited’s shares were up by 2.61 per cent after the company clinched a deal with Tamil Nadu News Print and Paper Limited (TNPL). The deal entails the supply of Blue and Violet Pigment Dye to TNPL, with the order valued at ₹7.15 crore. At Paperex 2023, Vipul Organics unveiled the Sunlonic range, […]
A purchase contract, sale of a right to buy or sell, or a right to buy and sell in future to be called a derivative, says Finmin
[ad_1] The Indian government has permitted derivatives trading in 11 more commodities including skimmed milk powder, cement, apple, bamboo and timber based on a recommendation from the Securities and Exchange Board of India (SEBI), which supervises the trading, to the Finance Ministry. In a notification issued on March 1, 2024, the Finance Ministry added these […]
MF SIP stoppages cap net inflows to 43% of gross flows in Jan
[ad_1] The net Systematic Investment Plan inflows as a percentage of gross SIP inflows continue to disappoint mutual funds as the numbers of SIPs being stopped have increased due to investors concern over ‘high stock valuations.’ The net SIP inflow at ₹8,192 crore in January accounts for 43 per cent of gross investments of ₹18,838 […]
NSE crosses nine crore unique investors mark
[ad_1] The National Stock Exchange (NSE) on Friday said its unique registered investors have surpassed nine crore, with the latest one crore additions taking place in just five months. Also read: SEBI’s concerns mount with flows into small/mid-cap funds The investor base has seen more than a three-fold jump in the last five years, facilitated […]
IPO-bound RK Swamy mops up ₹187 cr from anchor investors
[ad_1] RK Swamy Ltd on Friday raised about ₹187 crore from 18 anchor investors ahead of its initial public offering (IPO), which opens on March 4 and closes on March 6. The Chennai-based company, which is engaged in the business of integrated marketing communications, customer data analysis and full-service market research, has allotted about 65 lakh […]
IPO screener: Mukka Proteins sees healthy subscription on Day 1
[ad_1] The ₹224-crore issue of Mangaluru-based Mukka Proteins saw a robust response on Day 1 of issue opening on Thursday. The IPO came out with a price band of ₹26-28. The initial public offering closes on Monday, March 4. Investors can bid for a minimum of 535 equity shares and in multiples of 535 equity […]
Rupee settles flat at 82.91 against US dollar
[ad_1] The rupee on Thursday settled flat at 82.91 (provisional) against the US dollar, as the support from lower crude oil prices and a weak greenback against major crosses overseas was offset by sustained foreign capital outflows. Besides, a positive trend in equity markets provided a cushion to the domestic unit, forex traders said. Market […]
Shriram Finance to replace UPL in Nifty 50 from March 28
[ad_1] Shriram Finance will replace UPL Ltd in the Nifty 50 index effective March 28. UPL has been removed from Nifty 50 pursuant to its exclusion from Nifty 100 index, a parent index for Nifty 50. Shriram Finance has been included in Nifty 50 index as it has the highest six month average free-float market […]