Posts in category Economic Times
HSBC and StanChart step up GIFT City play, buy stakes in CCIL-IFSC (22-05-2024)
"Being the global bank that we are, what we do, therefore, is connect India to the rest of the world and connect the rest of the world to India and GIFT is clearly onshoring what was happening offshore," HSBC India CEO Hitendra Dave told ET.
Brokerages bearish on Delhivery post Q4 nos, shares plunge 10% (22-05-2024)
"Margin improvement is volatile as the small impact on utilisation for its network impacts the margin as pricing power is limited," said the brokerage, while slashing its target price from ₹600 to ₹488.
Sebi changes rule for calculating market cap, six-month average to be used now (22-05-2024)
The regulator said instead of using the market capitalisation of a single day which is currently March 31, listed companies will now have to use the average market capitalisation for a six- month period.
Share of Bitcoin volume during US market hours surges to new record (22-05-2024)
The ETFs calculate their net asset values each weekday at the close of US stock exchanges, which Kaiko said boosts price discovery and arbitrage trading. Thursday was the day of the week with the highest share of trading during these hours, with close to 15% of the cumulative daily volume, Kaiko found.
India’s m-cap adds a trillion in 117 days (22-05-2024)
The trillion-dollar market-cap addition to $5 trillion happened in less than six months, in 117 sessions. The market value of BSE-listed companies crossed $4 trillion for the first time on Nov 29, 2023.
Nifty Midcap 150 hits another high; Vix hints at some fear (22-05-2024)
The index rose 0.3% to end at 19,413 - a record close, while the benchmark Nifty gained 0.1% to close at 22,529.05. The volatility index, or India VIX - market's fear gauge, jumped 6.3% to 21.81, suggesting traders see risks in equities in the near term.
Promoters of Aptus Value sell shares worth Rs 1,028 crore (21-05-2024)
Shares of Aptus Value Housing Finance fell 5.56% to close at ₹298.6 on Tuesday. In the past one month the housing finance company's shares have fallen 6.7%.
BIS certification must for sale of used imported electronic products: DGFT (21-05-2024)
In the Directorate General of Foreign Trade (DGFT) notification on May 20, the Centre has specified that import of second-hand products, whether or not refurbished, repaired or reconditioned, notified under the Electronics and Information Technology Goods (Requirement of Compulsory Registration) Order, 2021, is prohibited unless they are registered with BIS and comply with the labelling requirement published by BIS.
RBI may delay plan to ease interest rates (21-05-2024)
The RBI has raised the benchmark policy rates by 250 basis points (one bps is 0.01 percentage point) since May 2022 as inflation surged way beyond the central bank's 4% target. But inflation is slowly aligning with the target, although concerns remain over the trajectory for food inflation.
Tata Communications, MRF among 5 stocks with top short covering (21-05-2024)
Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold.