Posts in category Business Standard
Brokers, traders differ on proposal to extend derivatives trading: Sebi (29-01-2024)
Brokers will firm up their opinion on the matter in a couple of months, after which investors will be consulted, Madhabi Puri Buch said at a brokers' forum in Mumbai
Crude oil edges lower on China worries as tensions fester in West Asia (29-01-2024)
Brent crude futures dipped 23 cents to $83.32 a barrel by 0937 GMT while U.S. West Texas Intermediate crude futures edged down by 27 cents to $77.74
Rupee ends little changed as focus turns to Budget, US Fed decision (29-01-2024)
The rupee closed at 83.1325 against the U.S. dollar, barely changed from its close at 83.1150 in the previous session
Indian national pleads guilty in US to running dark web drug enterprise (29-01-2024)
A 40-year-old Indian national extradited from the UK has pleaded guilty to operating a global dark web enterprise to sell "deadly and dangerous drugs to communities across America" and agreed to forfeit approximately USD 150 million in cryptocurrency.
According to court documents, Banmeet Singh from Haldwani in Uttarakhand created vendor marketing sites on dark web marketplaces to sell controlled substances, including fentanyl, LSD, ecstasy, Xanax, Ketamine, and Tramadol, the US Department of Justice said in a press release.
Customers ordered controlled substances from Singh using the vendor sites and by paying with cryptocurrency. Singh then personally shipped or arranged the shipment of the drugs from Europe to America through US mail or other shipping services, the release said on Friday.
Banmeet Singh and traffickers like him think they can operate anonymously on the dark web and evade prosecution...Today's guilty plea, which includes forfeiture of approximately USD 150 million
Mutual fund industry collects Rs 63,854 crore capital through NFOs in 2023 (29-01-2024)
Asset management companies launched 212 new fund offerings mobilising Rs 63,854 crore in 2023, marginally higher from previous year, on the back of significant uptrends in broader markets.
In comparison, Asset Management Companies (AMCs) garnered Rs 62,187 crore through 228 New Fund Offerings (NFOs) in 2022. Further, they collected Rs 99,704 crore in 2021 and Rs 53,703 crore in 2020, according to data compiled by Morningstar India.
"The trend towards the financialisation of assets in India is unmistakable. Aligned with changing consumption behaviours and a need for a higher standard of living, investors recognise the importance of long-term investing. The COVID-19 pandemic underscored the necessity for financial planning and the creation of liquid assets to address emergencies and pave the way for wealth-building," FYERS Research said in its report.
It further said that "despite indices exhibiting strength, propelled by robust economic activity, steady GST collections, and confidenc
Sensex up 1200 pts, Nifty tops 21700: Factors behind market rally on Jan 29 (29-01-2024)
Stock market highlights: The frontline S&P BSE Sensex index soared 1,265 points, or 1.78 per cent, in the intraday trade to hit a high of 71,965 levels
Adani stocks fire up: Adani Enterprises, Adani Energy, ATGL surge up to 7% (29-01-2024)
Adani Total Gas, Adani Power, Adani Ports and Special Economic Zone, Adani Green Energy and Ambuja Cements are up 3% to 5%.
AU Small Finance Bank hits 9-mth low, tanks 12% on disappointing Q3 results (29-01-2024)
The bank's Gross Non-Performing Assets (GNPAs) rose to 1.98 per cent in Q3FY24 from 1.81 per cent in Q3FY23 and 1.91 in Q2FY24
HDFC Bank gains 2% as LIC gets RBI nod to raise stake in lender to 9.99% (29-01-2024)
LIC has been advised by RBI to acquire the aforesaid major shareholding in the bank within a period of one year that is by January 24, 2025
Gold prices unchanged at Rs 62,950, silver trading at Rs 76,000 per kg (29-01-2024)
In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 57,700