By Amit Pabari As we come to the end of a sizzling-hot inflationary year, tides of rate hikes, and abnormal volatility, let’s rewind and glimpse through to peep what’s on the cards in 2023. After an 18-month bull trend in the dollar, the FX outlook has become hazy. Is the…
Three life insurers and two banks are set to pick up 50% stake in the proposed joint venture by Indian Oil (IOC) and Chennai Petroleum (CPCL). The new entity will be incorporated through a seed capital of Rs 5 lakh. The joint venture is being set up to implement a…
By Nomura research Kirit Parikh committee has recommended significant changes to India’s domestic gas pricing regime says media reports. The committee submitted its report to the ministry of petroleum and natural gas last week. The ministry will process the recommendations and seek Cabinet nod to effect changes to the existing…
AXIS BANK’S analyst day presented a compelling investment argument, highlighting the work done thus far. There is convergence in products and strategy with best-in-class banks, but execution is perhaps an area where there is more work to be done. There is less focus on loan growth and more focus on…
Indian benchmark indices were trading with mild gains on Wednesday. The BSE Sensex gained over 60 points or 0.1% to trade at 62,746.The NSE Nifty is trading at 18,649, up 0.17% after opening in the red. Sectorally, Nifty Metal is over 1.3% up, Nifty Auto is 0.7% higher while Nifty…
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian benchmarks closed in red after a volatile session of trade amid weak global cues. While BSE Sensex closed over 200 points lower, at 62,626 while NSE Nifty settled 0.3% lower at18,642. Tata Steel, HCL Tech, Infosys, TCS, Nestle led…
Nine of the top 10 valued firms together added Rs 79,798.3 crore in market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest winners. In the last week, the 30-share BSE Sensex climbed 630.16 points or 1 per cent. The barometer settled at…
By Siddhant Mishra Sebi on Tuesday announced that active mutual fund (MF) schemes have to limit investments in debt instruments issued by a single issuer, based on the credit rating. Similar caps already exist for passive funds, such as exchange-traded funds, and are intended to reduce the risk from a…
The board of State Bank of India (SBI) on Tuesday approved raising of Rs 10,000 crore through infrastructure bonds in the current fiscal. The issue includes a green-shoe option of Rs 5,000 crore and the bonds could be sold through a public issue or a private placement. The board’s approval…
Foreign institutional inventors (FII) sold shares worth a net Rs 1,241.87 crore while domestic institutional investors (DII) bought shares worth Rs 388.85 crore on Wednesday, December 7, 2022, according to the data available on NSE.For the month till December 7, FIIs sold shares worth a net Rs 4,367.46 crore while…