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Posts tagged Rediff
Sensex ends 454 pts up on buying in IT stocks (06-02-2024)
Among the Sensex firms, HCL Technologies, Tata Consultancy Services, Maruti, Wipro, Larsen and Toubro, Infosys, Tata Steel, Bharti Airtel, State Bank of India, Tech Mahindra, UltraTech Cement and Mahindra and Mahindra were the major gainers.
SpiceJet told to pay Rs 50 crore to Kalanithi Maran (06-02-2024)
The Delhi high court on Monday told low-cost carrier SpiceJet Ltd to pay Rs 50 crore to former promoter Kalanithi Maran and KAL Airways within six weeks, as part of an arbitral award of 2018. The court said the payment shall be made subject to the outcome of SpiceJet’s appeal challenging the interest amount awarded by the arbitral tribunal. The matter will now be heard on May 14.
RBI conducts 4-day VRRR auction; overnight rates fall (06-02-2024)
The Reserve Bank of India (RBI) on Monday did a four-day variable rate reverse repo (VRRR) auction to reduce liquidity in the banking system as the overnight money market rates fell below the repo rate, said market participants. The repo rate is 6.50 per cent. Banks parked Rs 18,750 crore at the auction against a notified amount of Rs 50,000 crore at a weighted average rate of 6.49 per cent.
Mid, smallcap indices stay afloat in choppy January (06-02-2024)
The S and P BSE Midcap and the S and P BSE Smallcap indices have managed to stay afloat in a volatile January that saw the frontline indices hit their respective 52-week high levels and then slip. While the S and P BSE Sensex has lost over 2 per cent thus far in January, the S and P BSE Midcap and the S and P BSE Smallcap indices have gained nearly 2.5 per cent and 4 per cent, respectively during this period.
HDFC Bank gets RBI nod to buy stake in ICICI Bank (06-02-2024)
HDFC Bank on Tuesday said RBI has given approval to the group to acquire up to 9.5 per cent stake each in six lenders, including ICICI Bank and Axis Bank.
The Mystery of ZEE and DIIs (06-02-2024)
Why are DIIs holding such a high stake in Zee, which is beset with alleged governance issues? Perhaps they think Zee is a deep-value stock, observes Debashis Basu.
‘We are almost at peak of interest rates cycles’ (06-02-2024)
‘The stabilisation of interest rates followed by reduction is going to happen over the next year.’
Sebi considers tighter norms for proprietary trades (06-02-2024)
The Securities and Exchange Board of India (Sebi) is considering segregation of settlement for proprietary trades and retail trades to avoid misuse and circumvention by certain brokers, its chairperson Madhabi Puri Buch said recently. Proprietary trading refers to trades done by brokers and other financial institutions using their own capital. “There are some people who are permitting access to their clients through prop accounts for a variety of reasons, including wanting to fund their margins.
India Inc looks to cash in on bulging infra order book (06-02-2024)
Investments worth more than Rs 80 trillion are expected in roads, railways and urban infrastructure between now and FY30 and the supply chains helping to build this core infrastructure are also readying to cash in on the growth. In the first half of the current financial year, orders worth more than Rs 2.6 trillion were tendered in the roads and railways segment alone, according to data sourced from ICRA Ratings and Research. “India’s transportation infrastructure sector is in high gear, and we enjoy a sizable share of it,” said S V Desai, whole time director and senior executive vice president (Civil Infrastructure) for Larsen and Toubro.