Capital markets regulator Sebi has levied a fine of Rs 20 lakh on Star India Market Research for allegedly flouting regulatory norms. Star India Market Research (SIMR) is a Sebi-registered investment adviser. In its 52-page order on Wednesday, Sebi found that SIMR charged arbitrary fees from clients, sold multiple products in a short span to […]
Day: November 25, 2022
Higher US rates may continue to weigh on Indian marketsHigher US rates may continue to weigh on Indian markets
Investments by foreign institutional investors (FIIs) took a dent in September, with a net $2.3 billion being withdrawn during the month. This was the first month of net outflows after February, and the most since the $3.66-billion sell-off in January. Experts, in recent days, have attributed the sell-off to the market being overheated. However, one […]
The stability and benefit of investing in Digital GoldThe stability and benefit of investing in Digital Gold
By Mahendra Luniya Gold has been a part of portfolios for long times. It has proven to be a hedge against inflation and has helped in difficult times. Now the world is witnessing a shift in the way investors invest in gold. The shift is towards digital gold, an easier and more transparent way of […]
India’s July Russian oil imports dip; Saudi import down to 2-1/2-yr low: tradeIndia’s July Russian oil imports dip; Saudi import down to 2-1/2-yr low: trade
India’s July crude oil imports from Russia dipped for the first time in nine months, while inbound shipments from Saudi Arabia tumbled to their lowest in 2-1/2 years following OPEC+ cuts, tanker data from trade and industry sources showed. Both China and India, the world’s biggest and third-biggest oil importers, cut imports from Russia and […]
Bombay Dyeing shares rise 20% on land deal; debt reduction plansBombay Dyeing shares rise 20% on land deal; debt reduction plans
Shares of Wadia- owned textile to real estate company Bombay Dyeing & Manufacturing Company (BDMC) shot up 20 % and hit 52 week high on Thursday after the company on Wednesday said that it would be selling its 22-acre land parcel in Worli area if Mumbai for 5200 crore to Japan’s Sumitomo group. The stock […]
Tata Steel: What’s the brokerage view after it announced plans to invest in UK’s Port Talbot plant?Tata Steel: What’s the brokerage view after it announced plans to invest in UK’s Port Talbot plant?
Tata Steel has announced a plan to invest in a 3mtpa EAF based steel capacity at Port Talbot in the UK. The project will cost £1.25 billion ($1.55bn). Of this the Tata Steel will invest £750 million and UK government will provide £500 million support. Jefferies: Jefferies has a Buy rating on the stock after […]