‘Those betting against PSUs will likely be punished in this upswing.’
Posts tagged Rediff
MFs Pump Rs 1.8 Trillion Into Markets (29-06-2024)
Domestic institutional investors pumped Rs 2.3 trillion into equities during H1 CY24. Of this, mutual funds contributed 80%.
Boom Times On Bourses In June (29-06-2024)
In June, Sensex went up 6.6% and Nifty 6.9%, their best monthly gains since December 2023.
Unlisted Shares Market Is Buzzing (29-06-2024)
The dealers operating in the space have jumped nearly three times over the past two years.
Trai diktat on mobile number porting (28-06-2024)
There will be a seven-day waiting period after the SIM swap or replacement for a mobile number to become eligible for porting, telecom regulator Trai said on Friday. The step has been taken to curb fraud taking place by using mobile phone numbers. “The Telecom Regulatory Authority of India (Trai), on 14th March 2024, issued the Telecommunication Mobile Number Portability (Ninth Amendment) Regulations, 2024, which will come into force on July 1, 2024,” the regulator said.
Key infra sectors growth rises 6.3% in May (28-06-2024)
The eight key infrastructure sectors’ growth rose by 6.3 per cent in May on healthy expansion in the production of coal, natural gas, and electricity, though the growth rate is lower than in April, according to official data released on Friday. The production of the eight sectors grew 6.7 per cent in April. The growth of these core sectors — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity — was 5.2 per cent in May 2023.
Airtel, Vi to raise mobile tariff by 10-24% (28-06-2024)
Bharti Airtel and Vodafone Idea will roll out revised mobile service tariffs increasing rates in the range of 10-24 per cent from the first week of July. Bharti Airtel announced a 10-21 per cent hike in prepaid and postpaid mobile tariffs from July 3, a day after larger rival Reliance Jio announced an increase in rates. Later in the day, loss-making telecom operator Vodafone Idea (Vi) also announced its plan to raise mobile tariffs by 11-24 per cent from July 4.
India’s forex kitty jumps by $816 mn to $653.71 bn (28-06-2024)
India’s forex reserves jumped by $816 million to $653.71 billion for the week ended June 21, the RBI said on Friday. In the previous reporting week, the overall reserves had dropped by $2.92 billion to $652.89 billion.
Sensex sheds 210 points, still ends above 79K (28-06-2024)
Among the 30 Sensex companies, IndusInd Bank, Axis Bank, ICICI Bank, Bharti Airtel, Kotak Mahindra Bank, Maruti, JSW Steel and Bajaj Finserv were among the laggards. In contrast, Reliance Industries, Tata Motors, Asian Paints, Nestle and Titan were the biggest gainers.
Foreign cos get GST relief on loans to Indian arms (28-06-2024)
In a relief for foreign firms giving loans to Indian subsidiaries, tax authorities have said goods and services tax (GST) will not be imposed on them, subject to some caveats. Additional fees, commissions, or related payments – over and above the amount charged as interest – on these loans will attract GST at 18 per cent, the Central Board of Indirect Taxes and Customs (CBIC) has said.