Wheat prices have slumped from their record high of about Rs 3,200 per quintal in mid-January to about Rs 2,200 a quintal
Posts in category Business Standard
Investors’ wealth climbs Rs 3.43 trillion as Sensex jumps 900 points (03-03-2023)
Equity investors became richer by Rs 3.43 lakh crore on Friday amid an overall positive trend in the market and the benchmark Sensex jumping nearly 900 points.
The BSE Sensex zoomed 899.62 points or 1.53 per cent to settle at 59,808.97 points. During the day, the benchmark rallied 1,057.69 points or 1.79 per cent to 59,967.04 points.
The market capitalsation of BSE-listed firms rose Rs 3,43,173.59 crore to Rs 2,63,42,218.11 crore.
“The market had more reasons to cheer today than to worry about concerns regarding inflation. PSU banks led the sectoral rally as reports of foreign investments in Adani stocks helped the sector in recouping the dampened sentiment.
“The sentiment was further lightened as FIIs turned in strong buyers,” Vinod Nair, Head of Research at Geojit Financial Services, said.
Foreign Portfolio Investors (FPIs) bought shares worth Rs 12,770.81 crore on Thursday, according to exchange data.
The embattled Adani Group has sold minority stakes in four of its listed …
Fairfax Financial Holdings settle case with Sebi; pays Rs 29.25 L charges (03-03-2023)
Canadian billionaire Prem Watsa-backed Fairfax Financial Holdings Ltd (FFHL) has settled with Sebi a case pertaining to alleged violation of mutual fund regulations.
Fairfax paid Rs 29.25 lakh as settlement charges to the regulator.
The order came after Fairfax proposed to settle the instant proceedings through a settlement order “without admitting or denying the findings of fact and conclusions of law”.
“The instant proceedings initiated against the applicant (Fairfax) vide show cause notice dated October 8, 2021 is disposed of,” Sebi’s Whole Time Member S K Mohanty said in the settlement order passed on Wednesday.
In March 2018, Sebi amended the MF (Mutual Fund) regulation.
Under the rules, the regulator does not allow any entity to hold more than a 10 per cent stake in more than one mutual fund house. It also provided one-year time to sponsors of the mutual funds to comply with norms for shareholding and governance of mutual funds, if they, inadvertently acquire shares or votin
Crypto wrap: Silvergate fallout pulls market down, Bitcoin at two-week low (03-03-2023)
Silvergate has been a go-to bank for the biggest crypto players but has come under fire since the collapse of FTX late last year
Imagicaaworld zooms 27% in two days on launching Aquamagicaa in Surat (03-03-2023)
The company said business continues to show an excellent rebound after two years of adverse COVID-19 impact as well as overall improvement in the health of operations.
Imagicaaworld zooms 27% in two days on launching Aquamagicaa in Surat (03-03-2023)
The company said business continues to show an excellent rebound after two years of adverse COVID-19 impact as well as overall improvement in the health of operations.
Pump and dump scheme: What is it, how it works and how is it monitored (03-03-2023)
Arshad Warsi made a profit of Rs 29.43 lakh and his wife Maria Goretti of Rs 37.56 lakh using a YouTube-run pump and dump operation last year
WPIL soars 10% on securing Rs 1,225 cr order from Madhya Pradesh Jal Nigam (03-03-2023)
Meanwhile, in the past one month, the stock of the industrial products company has zoomed 83 per cent after it reported robust December quarter (Q3FY23) results.
Bulls drive Sensex over 850 points higher: Here are top 3 reasons why (03-03-2023)
The spike comes after the US Federal Reserve Atlanta President Raphael Bostic vouched for a measured rate hike approach, which strengthened global sentiments
Techno Electric surges 9% on healthy growth outlook (03-03-2023)
The management expects growth momentum of business as well as execution to continue for the coming three years.