Posts in category Business Standard
Strengthening dollar puts yen in striking distance of 150, near 1-year low (02-10-2023)
The yen eased to 149.83 per dollar, its weakest in more than 11 months, moving ever closer to the 150 mark that some traders believe could prompt intervention by Tokyo to support the currency
New quarter, same struggles for stocks, bonds and currency markets (02-10-2023)
A opening move higher from the pan-European STOXX 600 quickly gave way in the face of some weak PMI data, denting traders' hopes for its first three-session run of back-to-back gains
Thousands lose over Rs 200 cr in series of crypto rug-pulls in Himachal (02-10-2023)
Police are yet to nab the cryptocurrency fraud kingpin who may have swindled thousands of people across Himachal Pradesh of more than Rs 200 crore since 2018, the year the crypto fever reached its peak.
The gang lured people by promising high returns in a short span of time in crypto investments and created a network of investors.
The initial investors then were baited to reel in other people in a ponzi-style scheme.
The matter was raised in the Vidhan Sabha by Independent MLA Hoshyar Singh who pegged the amount of money swindled from people in Kangra and Hamirpur alone to be upwards of Rs 200 crore.
In the wake of Singh's assembly speech, a special investigation team was formed to probe into the matter.
The exact amount defrauded is yet to be ascertained, Deputy Inspector General of Police, Northern Range, Abhishek Dhullar, who is heading the SIT, told PTI on Monday.
The frauds used a combination of misinformation, deception, and threats to maintain control over their scheme and
Thousands lose over Rs 200 cr in series of crypto rug-pulls in Himachal (02-10-2023)
Police are yet to nab the cryptocurrency fraud kingpin who may have swindled thousands of people across Himachal Pradesh of more than Rs 200 crore since 2018, the year the crypto fever reached its peak.
The gang lured people by promising high returns in a short span of time in crypto investments and created a network of investors.
The initial investors then were baited to reel in other people in a ponzi-style scheme.
The matter was raised in the Vidhan Sabha by Independent MLA Hoshyar Singh who pegged the amount of money swindled from people in Kangra and Hamirpur alone to be upwards of Rs 200 crore.
In the wake of Singh's assembly speech, a special investigation team was formed to probe into the matter.
The exact amount defrauded is yet to be ascertained, Deputy Inspector General of Police, Northern Range, Abhishek Dhullar, who is heading the SIT, told PTI on Monday.
The frauds used a combination of misinformation, deception, and threats to maintain control over their scheme and
Sebi extends deadline for listed cos to confirm or deny market rumours (02-10-2023)
Capital markets regulator Sebi has extended the deadline for mandatory confirmation or denial of market rumours by listed companies.
The deadline has been extended for the top 100 listed companies by market capitalisation to February 1, 2024, from October 1 this year at present, according to the latest circular by the Securities and Exchange Board of India (Sebi).
Similarly, for the top 250 listed entities, the rule will kick in on August 1, 2024, from the current requirement of April 1, 2024.
The rule is aimed at strengthening the corporate governance of listed entities.
"It has been decided to extend the effective date of implementation of...the LODR (Listing Obligations and Disclosure Requirements) rules for top 100 listed companies by market capitalisation to February 1, 2024, and for top 250 listed companies by market capitalisation to August 1, 2024," Sebi said.
Earlier in June, Sebi notified rules asking these listed companies by market capitalisation to confirm, deny, or .
Stock market closed today on Gandhi Jayanti: List of all market holidays (02-10-2023)
Stock market holiday: After Mahatma Gandhi Jayanti on October 2, the market will be closed on October 24, Tuesday, for Dussehra
Gold, silver prices unchanged; yellow metal trading at Rs 58,200 per 10g (02-10-2023)
The price of 22-carat gold was also unchanged, with the yellow metal selling at Rs 53,350
From organic farming to health care, startups shine on celebrity money (01-10-2023)
Some investments by celebs in 2023
FPIs turn sellers after 6 mths of investment; pulls out Rs 14,767 cr in Sep (01-10-2023)
After sustained buying in the last six months, FPIs have turned net sellers and pulled out of over Rs 14,767 crore from Indian equities in September, primarily due to dollar appreciation, steady rise in the US bond yields, and a spike in crude oil prices.
Going forward, the outlook for FPI flows in India is uncertain, as it will depend on the performance of the Indian economy, the RBI's October monetary policy, and the outcome of the September quarter earnings, Mayank Mehra, smallcase, manager and principal partner at Craving Alpha, said.
According to data with the depositories, Foreign Portfolio Investors (FPIs) have sold shares to the tune of Rs 14,767 crore in September.
The latest outflow came after FPI investment in equities had hit a four-month low of Rs 12,262 crore in August. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.
V K Vijayakumar, Chief Investment ...
M-cap of 5 of 10 valued firms decline by Rs 62,586 cr; TCS biggest laggard (01-10-2023)
The combined market valuation of five of the top 10 most valued firms declined by Rs 62,586.88 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit, amid an overall bearish trends in equities.
Last week, the BSE benchmark fell 180.74 points or 0.27 per cent, and the Nifty declined 35.95 points or 0.18 per cent.
The market valuation of TCS plunged Rs 26,308.58 crore to Rs 12,91,919.56 crore.
Infosys witnessed an erosion of Rs 25,296.43 crore from its valuation which was at Rs 5,95,597.10 crore.
The market valuation of Reliance Industries fell by Rs 5,108.05 crore to Rs 15,87,553.37 crore and that of Hindustan Unilever declined by Rs 3,865.08 crore to Rs 5,79,373.96 crore.
The market capitalisation (mcap) of HDFC Bank dipped Rs 2,008.74 crore to Rs 11,57,145.86 crore.
However, the mcap of Bajaj Finance jumped Rs 20,413.41 crore to Rs 4,73,186.41 crore.
Bharti Airtel added Rs 8,520.13 crore to Rs 5,19,279.14 crore in its valuation while