In order to meet its vision of ‘Insurance for All’ by 2047, the Insurance Regulatory and Development Authority of India (Irdai) has announced several measures to create a progressive environment for insurance distribution while offering enhanced flexibility to the insurers. Private equity (PE) funds can now directly invest in insurance…
Indian benchmark indices BSE Sensex and NSE Nifty 50 could start the week’s last trading session in red. SGX Nifty hinted at negative open for the domestic share market as Nifty Futures traded 50 pts or 0.26% lower at 18925 on the Singapore Exchange. On Thursday, the Sensex jumped 185…
Edible oil industry body SEA has written to the Union food minister Piyush Goyal to increase import duty on refined palm oil to 20 per cent from the current 12.5 per cent in order to protect domestic refiners. The Solvent Extractors’ Association of India (SEA) pointed out that the duty…
Domestic equity indices concluded the Thursday’s session marginally higher, snapping a four day losing streak. Larsen and Toubro, Eicher Motors, IndusInd Bank, Axis Bank and Hindalco were among top gainers on the Nifty, while Sun Pharma, Power Grid, Divis Lab, HDFC Life and TCS were the losers. Indian stock market…
SGX Nifty hinted at a tepid start for Indian share market. Nifty futures were trading 11 pts or 0.06% lower at 18747 levels, signalling a flat to negative start for domestic equities. In the previous session, the BSE Sensex rose 177 pts to 62,682, while NSE Nifty 50 closed above…
After pulling out money from Indian equities market in the past two months, FPIs made a strong come back in November with a net investment of Rs 36,329 crore on weakening of the US dollar index and positivity about overall macroeconomic trends. This was the third month (July, August and…
By Siddhant Mishra The delay in allotment of bonus shares by Nykaa, in a bid to purportedly avoid a crash after the lock-in period of anchor investors ended, is unfair on others, said market experts. “This has been happening for a long time, and is a common practice among promoters…
After RBI Governor Shaktikanta Das posed a riddle to the media, markets and ‘informed circle’ to guess if the MPC’s meeting outcome is hawkish, dovish or ‘something else’ entirely, the markets seem to have come to a consensus: the monetary policy outcome is largely hawkish. Even though investors had factored…
The ban on futures and option trade has left soyabean farmers in Madhya Pradesh associated with farmer producer organisations (FPOs) in lurch as they are forced to sell their produce in local mandis, to traders and nearby processing plants at “whatever price they quote” in the absence of an efficient…
Market sentiment remained weak throughout the day after the Reserve Bank of India (RBI) on Wednesday, December 7 hiked key interest rates by 35 basis points to combat the rising inflation. The Sensex closed below 62,450 while the Nifty settled below 18,600. Indian stock market The BSE Sensex fell 215.68…