Month: March 2024

Sebi constitutes working groups to simplify regulationsSebi constitutes working groups to simplify regulations

Securities and Exchange Board of India (Sebi) has put together working groups in order to simplify regulations, ease and reduce the cost of compliance. These working groups will look into the requirements to enhance the ease of compliance and reduce cost, according to a press release shared by the capital markets regulator on Wednesday. Currently, […]

Rupee falls 2 paise to close at all-time low of 83.12 against US dollarRupee falls 2 paise to close at all-time low of 83.12 against US dollar

The rupee depreciated by 2 paise and settled for the day at an all-time low of 83.12 (provisional) against the US dollar on Monday, weighed down by a surge in crude oil prices and selling pressure by foreign investors. Forex traders said rupee is likely to trade with a negative bias on risk aversion in […]

Samsung Galaxy S24 series leaks are getting out of hand; here’s everything we know so farSamsung Galaxy S24 series leaks are getting out of hand; here’s everything we know so far

Samsung can’t catch a break with the Galaxy S24 series leaks. Frankly speaking, there are getting a little out of hand now. While unofficial channels are one thing, Samsung can’t seem to keep its official sale partners in check, too. Everything from the launch date— which is all but confirmed for January 17— to its […]

Siddaramaiah justifies activist’s arrest in Babri demolition case, BJP calls it ‘witch hunt’Siddaramaiah justifies activist’s arrest in Babri demolition case, BJP calls it ‘witch hunt’

Karnataka Chief Minister Siddaramaiah dismissed the opposition’s allegation of hate politics in connection with the arrest of a man linked to the riots that took place after the Babri Masjid demolition in 1992. The police in Karnataka on Monday arrested a 50-year-old man for his alleged involvement in the riots in Hubballi post the Babri […]

Enough sugar stocks to meet festive demand: Food SecretaryEnough sugar stocks to meet festive demand: Food Secretary

Allaying fears of a spike in sugar prices, the government on Thursday said that there are “ample and sufficient stocks” of the sweetener to meet the domestic demand in the next season (2023-24) beginning October, but hinted at ban on exports during the period. “The crushing of sugarcane will commence from next month.. there will […]

FIIs continue withdrawal from Indian market, spark concerns of extended downturnFIIs continue withdrawal from Indian market, spark concerns of extended downturn

Foreign institutional investors (FII) remained a net seller on the Septembe’s last trading session and offloaded shares worth net Rs 1,685.70 crore, on September 29, 2023, according to the provisional data available on the NSE. Meanwhile, the domestic institutional investors (DII) added shares worth net Rs 2,751.49 crore on Friday. “Persistent FII selling in emerging […]

Share Market Highlights: Nifty settles above 19810, Sensex over 66470; Bank Nifty adds 150 pointsShare Market Highlights: Nifty settles above 19810, Sensex over 66470; Bank Nifty adds 150 points

Share Market News Today | Sensex, Nifty, Share Prices Highlights:  The benchmark domestic indices ended Wednesday’s trading session in positive territory. The NSE Nifty 50 gained 0.62% to settle at 19,811.35, while the BSE Sensex added as much as 393.69 points to 66,473.05. The broader indices settled in green. The Bank Nifty index added as […]

Adani Ports falls after Deloitte quits as auditorAdani Ports falls after Deloitte quits as auditor

Shares of Adani Ports and Special Economic Zone, India’s largest private port operator, dropped 3.7% in early trade on Monday after the company’s auditor Deloitte resigned, also dragging other group companies down. Deloitte’s move came amid concerns over certain related party transactions flagged in a report by U.S. short seller Hindenburg and which the Adani […]

Heightened risks for oil: Downtrend in prices could swiftly reverse if the Hamas-Israel war escalates to the regionHeightened risks for oil: Downtrend in prices could swiftly reverse if the Hamas-Israel war escalates to the region

N Chandra Mohan Despite the raging war between Hamas forces and Israel’s army since October 7, a noteworthy feature is that global oil prices have so far not flared up. Although in the initial weeks, Brent crude spot prices remained elevated at $90 plus a barrel, they settled down to lower levels of around $79 […]