Posts in category Business Standard
Ishwarshakti Holdings & Traders reports standalone net loss of Rs 0.03 crore in the March 2024 quarter (05-06-2024)
Sales rise 660.00% to Rs 0.38 crore
Soni Medicare reports standalone net loss of Rs 0.89 crore in the March 2024 quarter (05-06-2024)
Sales rise 23.38% to Rs 6.86 crore
Patel KNR Infrastructures standalone net profit rises 5160.27% in the March 2024 quarter (05-06-2024)
Sales rise 346.00% to Rs 84.74 crore
Chhattisgarh State Power Distribution Co reports standalone net loss of Rs 179.11 crore in the March 2024 quarter (05-06-2024)
Sales rise 10.99% to Rs 5653.69 crore
BSE SME IPO of Magenta Lifecare subscribed 23.2 times (05-06-2024)
The offer received bids for 4.64 crore shares as against 20 lakh shares on offer.
Sebi mandates process of securities payout directly to client accounts (05-06-2024)
To enhance operational efficiency and reduce the risk to clients' securities, markets regulator Sebi on Wednesday decided to make the process of direct payout of such securities to the client's account mandatory.
This will become effective from October 14, the Securities and Exchange Board of India (Sebi) said in a circular.
Currently, the clearing corporation credits the pay-out of securities in the pool account of the broker, who then credits the same to the respective client's demat accounts.
Further, a facility of direct delivery to investors was introduced in February 2001.
After extensive deliberations with the stock exchanges, clearing corporations (CCs) and depositories, Sebi has decided that "the securities for pay-out shall be credited directly to the respective client's demat account by the CCs".
Moreover, clearing corporations should provide a mechanism for trading member(TM) or clearing members (CM) to identify the unpaid securities and funded stocks under the margin
INR Settles Higher Amid Strong Buying In Equities (05-06-2024)
The Indian rupee recovered 14 paise to close at 83.37 (provisional) against the US dollar on Wednesday, tracking strong buying in domestic equities and lower crude oil prices in international markets. Indian markets rebounded sharply on Wednesday, after having suffered heavy losses in the previous session amid concerns that a smaller majority will see Prime Minister Modi face more difficulty in doling out reforms and infrastructure spending. The benchmark S&P BSE Sensex rallied 2,303.19 points, or 3.20 percent, to 74,382.24 as a third term for Prime Minister Narendra Modi appeared certain with the NDA hovering around the 300 mark. The broader NSE Nifty index jumped 735.85 points, or 3.36 percent to 22,620.35 as government and cabinet formation loomed in the background. However, a surging greenback against major crosses overseas and fresh foreign fund outflows restricted gains in the local currency. At the interbank foreign exchange market, the local unit opened at 83.50 and ...
RBI action, foreign banks’ dollar sales help rupee recover, ends higher (05-06-2024)
The rupee closed at 83.37 against the US dollar, up nearly 0.2% compared with its close of 83.53 in the previous session
Singapore Exchange Market extends losses on Wednesday (05-06-2024)
At closing bell, the Straits Times Index (STI) index was down 8.93 points, or 0.27% to 3,330.01 after trading between 3,328.19 and 3,350.18. Across the broader market, advancers outpaced decliners 301 to 248, with 1.25 billion securities worth S$1.35 billion changed hands.
China Market ends lower despite upbeat service activity data (05-06-2024)
At close of trade, the benchmark Shanghai Composite index declined 0.83%, or 25.80 points, to 3,065.40. The Shenzhen Composite Index, which tracks stocks on China's second exchange, was down 1.19%, or 20.59 points, to 1,706.33. The blue-chip CSI300 index decreased by 0.58%, or 20.88 points, to 3,594.79.