Posts in category Economic Times
Sebi bats for tax benefits to cos investing in ‘zero coupon zero principal bonds’ (14-06-2024)
To encourage social sector spending, markets regulator Sebi has suggested that the government should allow tax benefits to companies investing in zero coupon zero principal bonds issued by not-for-profit organisations listed at the social stock exchange.
Stock market update: Nifty Pharma index advances 0.29% (14-06-2024)
The Nifty Pharma index closed 0.29 per cent up at 19895.65.
NSE chief cautions retail investors against derivatives trading (14-06-2024)
National Stock Exchange (NSE) chief Ashishkumar Chauhan on Friday cautioned retail investors against trading in derivatives and suggested them to invest in equities through mutual fund route.
Stock market update: Power stocks up as market rises (14-06-2024)
The 30-share BSE Sensex closed up 181.87 points at 76992.77
Sensex, Nifty smash records yet again; post 2nd weekly gain; HDFC Bank, RIL lead the charge (14-06-2024)
The 30-share BSE benchmark Sensex surged 182 points to settle at 76,993. The broader NSE Nifty rose 67 points and ended at 23,466. State-run companies and energy stocks also contributed to the rally on expectations of continued capital expenditure spending by the new government. The IT sector was the top sectoral loser, dropping 0.9%. The market capitalisation of all listed companies on BSE surged by Rs 3.2 lakh crore to Rs 434.86 lakh crore.
Passenger vehicle sales steady; two-wheeler segment to lead growth: Arnab Banerjee, Ceat (14-06-2024)
Quarter one is a strong marketing spend quarter for us because we advertise on the IPL, we are there on the World Cup as well, we have launched a new campaign for higher rim size premium tyres. So, there will be some pressure on the margin, but we will try to manage it in a narrow band across the quarter.
Residential real estate sales cross 1 billion sq ft mark; Kotak Institutional Equities reveals 3 top picks (14-06-2024)
The domestic brokerage said the stock rally is a sign of the underlying business performance. The valuations for most residential real estate stocks stand at 7-12X adjusted EV/EBITDA (FY2026E) --- the higher end of their past trading range. This speaks of a changing investor interest.
Vodafone looks to sell entire $2.3 bn stake in Indus Towers (14-06-2024)
Vodafone Group plans to divest its entire $2.3 billion stake in Indus Towers through stock market block deals next week to reduce debt. The British telecom giant currently owns 21.5% of Indus, with the final stake size dependent on market demand. Bank of America, Morgan Stanley, and BNP Paribas are managing the sale
LIC shares soar 6% on plans to enter health insurance market (14-06-2024)
LIC's shares surged 6% on plans to enter the health insurance market. The stock is trading at Rs 1074 on NSE, up 4.55%. LIC aims to acquire a standalone health insurance company to expand its market presence.
GAIL, PNB, IREDA among PSU stocks that mutual funds exited before election results (14-06-2024)
Mutual funds sold shares in several PSU stocks in May ahead of the June 4 outcome with GAIL (India), Punjab National Bank (PNB), Power Finance Corporation (PFC), NHPC and Indian Renewable Energy Development Agency (IREDA) witnessing complete exit by individual mutual funds.