A sell-off in Chinese technology stocks amid profit hits and price wars took its toll on Asian equities
Posts in category Business Standard
Hindenburg report, one month on: Little respite in Adani Group selloff (24-02-2023)
As on December 2022, retail investors held between 1 per cent and 11 per cent in the 10 Adani group stocks
Crypto wrap: January Fed meet minutes pull Bitcoin back from six-month high (24-02-2023)
The minutes, released on Wednesday, said that the members believe “ongoing” rate hikes will be necessary
SpiceJet soars 15% as net profit jumps five-fold to Rs 107 crore in Q3 (24-02-2023)
Despite a big jump in passenger traffic, business has continued to be impacted by high fuel prices and depreciating Rupee, the company said
Counting on RBI support, offshore investors build rupee crosses positions (24-02-2023)
The rupee will hold up better in an environment where the dollar is likely to receive support from the hawkish U.S. Federal Reserve, they said
GAIL India rallies 5% in weak market; hits 8-month high on heavy volumes (24-02-2023)
Gas transmission and trading volumes are likely to increase in FY24E with supplies coming from new sources, analysts say
NSE Indices launches country’s first ever Nifty India Municipal Bond Index (24-02-2023)
NSE Indices Ltd, an NSE arm, on Friday said it has launched the country’s first ever municipal bond index.
The new Nifty India Municipal Bond Index will track the performance of municipal bonds issued by Indian municipal corporations across maturities and having investment grade credit rating, NSE Indices said in a statement.
The index was launched at a Securities and Exchange Board of India (Sebi) workshop on Municipal Debt Securities in Bengaluru.
Presently, the index has 28 municipal bonds issued by 10 issuers all having credit rating in the AA category. The index constituents are assigned weights based on their outstanding amount.
The Indian municipal bond market has seen a resurgence of issuances after Sebi’s Issue and Listing of Municipal Debt Securities Regulations, 2015 came into effect and a renewed emphasis on municipal finance by policymakers.
Raising money from capital markets incentivises municipal corporations to fund new projects and improve civic infrastructure whi
Olectra Greentech zooms 20% on pact with Reliance for Hydrogen-powered Bus (24-02-2023)
The company said the 12-metre low-floor bus has a seating capacity of 32 to 49 seats for passengers and one driver seat with its commercial launch is expected within a year.
Mahindra CIE rallies 9% to hit 52-week high on positive demand outlook (24-02-2023)
Overall positive performance in Q4, supported by growth and solid profitability in India, and big commercial efforts in Europe will help offset huge cost increases, said analysts
Sam Bankman-Fried now charged with unlawful political contributions (24-02-2023)
Sam Bankman-Fried former CEO of collapsed crypto exchange FTX, has now been charged with 4 additional counts of fraud, including unlawful political contributions leading up to the 2022 elections