Posts in category Business Standard
Sensex and Nifty50 record longest winning streak in four months (10-04-2023)
Sensex and Nifty have risen by around 4 per cent in the six days of gains which is the longest winning run since the eight-day rally from November 22 to December 1 last year
National Stock Exchange cautions investors against ‘dabba’ trading (10-04-2023)
The National Stock Exchange (NSE) on Monday cautioned investors against some fraudsters running illegal dabba trading with guaranteed returns to investors.
Dabba trading is an illegal form of trading in shares, where operators of such trading rings allow people to trade in equities outside the stock exchange platform.
The cautionary statements came after NSE found that the entities -- Shri Parasnath Commodity Private Limited, Shri Parasnath Bullion Private Limited, Faary Tale Trading Private Limited and Bharat Kumar (associated with Trade with Trust) --were providing dabba or illegal trading platform with assured returns.
The exchange said that these persons are not registered either as a member or authorised persons of any registered member of the NSE. Moreover, a police complaint has been lodged in this regard.
Cautioning investors, NSE asked them not to subscribe to any such scheme or product offered by any person or entity offering guaranteed returns in the stock market as the
Wall Street bank earnings under pressure after global banking crisis (10-04-2023)
Earnings per share (EPS) for the six biggest US banks are expected to be down about 10 per cent from a year earlier, analyst estimates from Refinitiv I/B/E/S show
L&T MF ceases to exist as mutual fund after it gave up registration: Sebi (10-04-2023)
L&T Mutual Fund ceases to exist as a mutual fund, capital markets regulator Sebi said on Monday.
This comes after L&T Mutual Fund Trustee Ltd had informed Sebi that it wanted to surrender the registration granted to L&T Mutual Fund (L&T MF) by the markets regulator pursuant to the approval of change in control of L&T Investment Management Ltd and merger of schemes of L&T MF with HSBC Mutual Fund.
Following this, Sebi has accepted the request for surrender of L&T MF's certificate of registration.
"Consequently, L&T MF ceases to exist as a mutual fund with effect from April 6, 2023," the Securities and Exchange Board of India (Sebi) said in a statement.
Further, it said L&T MF will continue to be liable for all liabilities/ obligations, (including monetary penalties) for violations of the provisions of the Sebi Act and (Mutual Fund) regulations that have taken place before its surrender of certificate of registration.
At 19%, BoB’s loans grew faster than overall banking system in FY23 (10-04-2023)
The lender's deposit growth at 15.1% YoY was also higher than the banking average
Aditya Birla Sun Life, Axis MF call off NFOs on tepid investor response (10-04-2023)
Decisions come after launch period is over; experts say one reason for failure of the NFOs was investors' rush for select debt schemes in the last week of March
Realty stocks soar on back of robust sales; sectoral index up 7.8% (10-04-2023)
The strong numbers boosted hopes of a boom in housing. Analysts said the realty companies had benefited from inflation as it led to a rise in asset prices
Realty stocks soar on back of robust sales; sectoral index up 7.8% (10-04-2023)
The strong numbers boosted hopes of a boom in housing. Analysts said the realty companies had benefited from inflation as it led to a rise in asset prices
Godrej Properties shares zoom 9% after record sales booking in FY23 (10-04-2023)
Shares of Godrej Properties on Monday surged 9 per cent after the company said its sales booking rose 56 per cent last fiscal to an all-time high of Rs 12,232 crore on strong demand for residential properties.
The stock jumped 9.06 per cent to finish at Rs 1,227.25 apiece on the BSE. During the day, it rallied 9.81 per cent to Rs 1,235.70.
On the NSE, it climbed 8.63 per cent to settle at Rs 1,222.55 per share.
In a regulatory filing, Godrej Properties informed that the company achieved its highest-ever sales bookings in the fourth quarter as well as the entire 2022-23 financial year. In the fourth quarter, the company clocked sales bookings of Rs 4,051 crore. Its sales bookings stood at Rs 7,861 crore in 2021-22.
When contacted, Godrej Properties Executive Chairman Pirojsha Godrej said: "The reason we were able to deliver strong growth in FY23 is that we had a strong portfolio of projects across the country."
"For the first time, we sold over Rs 2,000 crore of real estate in each
Godrej Properties shares zoom 9% after record sales booking in FY23 (10-04-2023)
Shares of Godrej Properties on Monday surged 9 per cent after the company said its sales booking rose 56 per cent last fiscal to an all-time high of Rs 12,232 crore on strong demand for residential properties.
The stock jumped 9.06 per cent to finish at Rs 1,227.25 apiece on the BSE. During the day, it rallied 9.81 per cent to Rs 1,235.70.
On the NSE, it climbed 8.63 per cent to settle at Rs 1,222.55 per share.
In a regulatory filing, Godrej Properties informed that the company achieved its highest-ever sales bookings in the fourth quarter as well as the entire 2022-23 financial year. In the fourth quarter, the company clocked sales bookings of Rs 4,051 crore. Its sales bookings stood at Rs 7,861 crore in 2021-22.
When contacted, Godrej Properties Executive Chairman Pirojsha Godrej said: "The reason we were able to deliver strong growth in FY23 is that we had a strong portfolio of projects across the country."
"For the first time, we sold over Rs 2,000 crore of real estate in each