All 64 economists in the poll conducted between May 16 and May 29 expected no change to the 6.50% repo rate
Posts in category Business Standard
Revision of ONDC discounts lifts Zomato stock 5% at Rs 71.15 apiece (02-06-2023)
Last month, the food delivery platform reported a narrowing of losses on both year-on-year (YoY) and sequential bases for the March quarter
Trading activity picks up pace in May amid buoyancy in the markets (02-06-2023)
Experts say the trajectory of the monsoon and FPI flows will have a bearing on the market and on trading volumes
Indices end week in the green after US averts default; Sensex up 119 points (02-06-2023)
Strong May sales saw automobile stocks outperform on Friday. Maruti and Mahindra & Mahindra gained 1.73 per cent and 1.7 per cent, respectively
OpenAI CTO’s Twitter account hacked to promote cryptocurrency scam (02-06-2023)
The Twitter account of OpenAI’s Chief Technology Officer appears to have been hacked on Thursday evening in order to promote a fraudulent cryptocurrency scheme
OpenAI CTO’s Twitter account hacked to promote cryptocurrency scam (02-06-2023)
The Twitter account of OpenAI’s Chief Technology Officer appears to have been hacked on Thursday evening in order to promote a fraudulent cryptocurrency scheme
Coal India OFS retail book subscribed 1.4x a day after QIP garnered 1.6x (02-06-2023)
Bulk of bids came at around Rs 226 against base price of Rs 225, in first major disinvestment in FY24
Sebi releases bond trading guidelines on RFQ platform to increase liquidity (02-06-2023)
Capital markets regulator Sebi on Friday came out with guidelines for transactions in corporate bonds through Request for Quote (RFQ) platform by stock brokers in order to increase liquidity on the platform.
For all the trades in proprietary capacity, stock brokers will have to undertake at least 10 per cent of their total secondary market trades by value in corporate bonds in that month by placing quotes through one-to-one or one-to-many mode on the RFQ platform of stock exchanges from July 1, and further, the percentage will increase to 25 per cent from April next year, Sebi said in a circular.
Stock brokers will have to consider the trades executed by value through one-to-one (OTO) or one-to-many (OTM) mode of RFQ with respect to the total secondary market trades in corporate bonds, during the current month and immediately preceding two months on a rolling basis.
Further, only trades pertaining to proprietary capacity of stock brokers will be considered for the purpose of such ..
Coal India share sale over-subscribed, govt to get more than Rs 4,000 crore (02-06-2023)
The Coal India share sale was over-subscribed by both retail and institutional investors and the government is expected to get more than Rs 4,000 crore.
In the two-day offer for sale (OFS), the government sold its 18.48 crore shares or 3 per cent stake in Coal India at a floor price of Rs 225 apiece. At the floor price, the stake sale would fetch over Rs 4,000 crore to the exchequer.
Institutional investors had on Thursday put in bids for over 28.76 crore share, while retail buyers on Friday bid for over 2.58 crore shares of Coal India. Institutional bidders on Friday put in bids for 5.12 crore shares.
Coal India OFS is the maiden government stake sale of a public sector undertaking in the current fiscal.
The government currently holds 66.13 per cent in CIL.
The stake sale in Coal India will help the government inch towards the Rs 51,000-crore disinvestment target set for the current fiscal.
Shares of Coal India settled for the day at Rs 230.90 apiece on the BSE, up 0.15 per cen
Finfluencers now ‘renting’ research analyst licences in fear of Sebi action (02-06-2023)
They are charging a rent of 20% of the fee they make by providing trading calls and stock tips