This arrangement for investment has not really picked up in terms of surplus money in the vostro accounts being invested in g-secs, he added
Posts in category Business Standard
SBI MD bats for allowing special Vostro surplus in corporate bonds (03-08-2023)
This arrangement for investment has not really picked up in terms of surplus money in the vostro accounts being invested in g-secs, he added
Markets fall for a third consecutive session; Sensex ends 542 points lower (03-08-2023)
Rising US bond yields spoil equity market party; Sensex hits one-month low
Markets fall for a third consecutive session; Sensex ends 542 points lower (03-08-2023)
Rising US bond yields spoil equity market party; Sensex hits one-month low
MRF gains 4%, hits new high in weak market on strong Q1 results (03-08-2023)
The benefits of lower raw material cost resulted in better profitability during the quarter
Market regulator Sebi cancels registration of MMTC as broker in NSEL case (03-08-2023)
Capital markets regulator Sebi has cancelled the registration of MMTC Ltd as a stock broker for its involvement in illegal “paired contracts” in a case pertaining to now defunct National Spot Exchange Ltd (NSEL).
While cancelling the licence, Sebi directed MMTC to allow its existing clients to withdraw or transfer their securities or funds held by it within 15 days.
In case a client fails to do so, the broker will transfer the funds and securities of such clients to another registered broker in the next 15 days under advice to the said clients, Sebi said in its order on Wednesday.
Going by the order, MMTC is a commodity derivatives broker registered with Sebi, from December 2015 and is currently a member of the Multi Commodity Exchange of India Ltd (MCX).
The broker made an application in September 2019 for surrendering its membership of MCX. However, the surrender application of MMTC is still pending with MCX.
In its order, Sebi said MMTC traded in “paired contracts”, which did n
KSB zooms 19% in a weak market on healthy June quarter performance (03-08-2023)
The Government’s focus on irrigation projects, drinking water supply, sanitisation projects and urban housing is expected to drive the demand for pumps in the water segment
Dixon Tech, Optiemus, HCL Info rally 8-9% on laptops, tablets import curbs (03-08-2023)
Dixon Technologies surged 8 per cent to its intra-day high of Rs 4,467 apiece. HCL Infosystems rallied 9 per cent to a high of Rs 17.40 and Optiemus Infracom jumped 8 per cent
FDC surges 10% as board to consider buyback on August 9 (03-08-2023)
Since April, the stock price of FDC has appreciated 48 per cent as compared to 11.2 per cent rise in the S&P BSE Sensex
Varun Beverages rises 3% on strong Q2 results; stock up 26% so far in 2023 (03-08-2023)
The company’s revenue rose 13 per cent year-on-year (YoY) to Rs 5,611 crore in the second quarter of calendar year 2023 (Q2CY23)