Posts in category Business Standard
Stock Market LIVE: Auto, realty gain in lacklustre trade; Pharma weak (23-11-2023)
Stock Market Update LIVE, Thursday, November 23: In the broader market, the BSE MidCap index advanced 0.4 per cent, while the SmallCap added 0.6 per cent.
Nifty Metal, Nifty Pharma: ‘Sell on rise’ as charts suggest likely pullback (23-11-2023)
Technical indicators such as RSI and Stochastic are currently situated in the overbought zone for the Nifty Pharma index, said Ravi Nathani
Here’s why the world’s most loved-emerging market is feeling jittery (23-11-2023)
Where India has stood apart from most other emerging markets is in delivering high economic growth - 6 per cent-plus expected in 2023 and 2024, according to the International Monetary Fund
Stocks to Watch today: Honasa, IndiGo, SBI, Infy, Liberty Shoes, RBL Bank (23-11-2023)
Stocks to watch on Thursday, November 23, 2023: Honasa Consumer in its first result filing post listing reported a in net profit to Rs 29.40 crore for Q2FY24 as against a loss of Rs 15 crore in Q2FY23
Gold prices unchanged, silver falls Rs 400, trading at Rs 76,000 per kg (23-11-2023)
The price of 22-carat gold remained stable, with the yellow metal selling at Rs 56,850.
Markets end with modest gains, Sensex up 92.47 points in volatile trade (22-11-2023)
In a choppy session, the 30-share BSE Sensex climbed 92.47 points or 0.14 per cent to settle at 66,023.24. During the day, it fell to a low of 65,664.85 and touched a high of 66,063.43
Rupee falls 4 paise against US dollar due to muted domestic trend (22-11-2023)
Forex traders said a muted trend in domestic equities also weighed on the local unit, while a correction in oil prices provided support to the currency
Sebi bans two people for 1 year over unregistered investment advisories (22-11-2023)
Capital markets regulator Sebi on Wednesday debarred two individuals from the securities markets for one year and slapped a fine of Rs 2 lakh on them for carrying out unregistered investment advisory activities.
The regulator also directed the noticees (P Krishnakumar and Jagadeesan S) to refund all the money, within three months, collected from any investors/complainants, as fees in respect of their unregistered investment advisory activities.
The order came after Sebi conducted an examination on the receipt of a complaint against www.ymforecast.com managed by P Krishnakumar and Jagadeesan S, and prima facie found that they were carrying out unregistered investment advisory activities.
Subsequently, a show cause notice was issued to the noticees on September 4.
In its 22-page order, Sebi found that the noticees were acting as an investment adviser without holding the certificate of registration from the markets watchdog.
Therefore, the noticees were in violation of the provisions
Tata Steel board approves allotment of 75.8 mn shares to TSLP shareholders (22-11-2023)
The Tata Steel board has approved the allotment of 7.58 crore shares to eligible shareholders of Tata Steel Long Products Limited.
These equity shares are proposed to be listed and traded on BSE Limited and the National Stock Exchange (NSE), Tata Steel said in a regulatory filing on Wednesday.
Tata Steel's board has approved the allotment of 7,58,00,309 shares to eligible shareholders of Tata Steel Long Products and the record date has been fixed as November 17.
According to the filing, the share exchange ratio will be 67:10, which means that 67 shares of Tata Steel will be allotted for every 10 shares of Tata Steel Long Products.
The scheme of amalgamation was approved and sanctioned by the NCLT-Mumbai Bench vide order dated October 20, 2023, and the NCLT-Cuttack vide order dated October 18, 2023.
These equity shares so allotted shall rank pari-passu with the existing shares of Tata Steel.
The above allotment, Tata Steel said, includes "14,430 fully paid-up equity shares of Tata
Demat accounts on Central Depository Services platform crosses 100 mn mark (22-11-2023)
Central Depository Services on Wednesday said the number of demat accounts on its platform has crossed the 10-crore mark.
Central Depository Services (India) Ltd, or CDSL, began operations in 1999 and facilitates holding and transacting in securities in the electronic form and settlement of trades on stock exchanges.
In a statement, the depository announced "the crossing of another milestone as more than 10 crore demat accounts were registered with CDSL".
CDSL is the largest depository in the country in terms of active Demat accounts and allows investors to deposit securities by opening an account in electronic form (dematerialised).