It’s a sea of red across Dalal Street with all the major indices closing in the red. The Fed impact was well and truly reflected the way the markets sold off last week’s gains. The Nifty closed below the 20,000 mark at 19,679, down almost a per cent. The Sensex too closed well below 67,000 […]
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Sebi notifies rule; gives board representation to REITs’ unitholdersSebi notifies rule; gives board representation to REITs’ unitholders
To boost corporate governance norms, markets regulator Sebi has notified rules introducing special rights to unitholders of REITs who can now nominate representatives on the boards. Also, the regulator has introduced the concept of a self-sponsored real estate investment trust (REIT). Amending rules for REITs, Sebi said, “Unitholders holding not less than 10 per cent […]
PowerMax Fitness launches ‘MyBestStartsNow’ digital campaign PowerMax Fitness launches ‘MyBestStartsNow’ digital campaign
PowerMax Fitness, a fitness equipment brand in India, launches New Year – New You #MyBestStartsNow’ digital campaign to inspire people to stay healthy and fit this New Year. Through the campaign, PowerMax wants to remind everyone that it’s never too late to start the journey, regardless of the challenges. The NEW YEAR- NEW YOU #MyBestStartsNow […]
Midcaps at lifetime highs, smallcap stocks outperform broader markets; can this performance sustain?Midcaps at lifetime highs, smallcap stocks outperform broader markets; can this performance sustain?
The Nifty Midcap index has been on an impressive run, recently crossing the psychological milestone of 40,000 points. Nifty Midcap 100 hit a fresh record high today at 40,540.95. Over the last six months, it witnessed a remarkable surge of approximately 35%, demonstrating its resilience in a market marked by volatility, while the smallcap index […]
NSE Bulk Deals, August 11: NCL Industries, Hindustan Construc Co, other major deals took place on FridayNSE Bulk Deals, August 11: NCL Industries, Hindustan Construc Co, other major deals took place on Friday
On Friday, domestic indices ended in the red. The NSE Nifty 50 tanked 114.80 points or 0.59% to 19,428.30 and BSE Sensex sank 363.53 points or 0.56% to 65,322.65. The broader markets also ended in the red, with the Nifty 100, Nifty 200 and Nifty 500 ending lower by 0.5%. Nifty Smallcap fared better, ending […]
Jio Fin: More digital focus; Management to strengthen team to fuel the company’s growthJio Fin: More digital focus; Management to strengthen team to fuel the company’s growth
Jio Financial Services, which has been spun off from RIL, was listed on August 21, ahead of its original schedule. The filed documents indicate that its operational scope might encompass diverse areas such as consumer and merchant lending, a payments platform, insurance broking, asset management, and other non-banking financial activities. The management is relying on […]
Indian bond yields seen flattish before key RBI decision, commentaryIndian bond yields seen flattish before key RBI decision, commentary
Indian government bond yields are expected to remain largely unchanged in the opening session on Friday as market participants await the Reserve Bank of India’s monetary policy decision and commentary for further cues. The 10-year benchmark 7.18% 2033 bond yield is likely to be in the 7.19%-7.23% range till the monetary policy decision after ending […]
IT earnings seen to be weak in Q3IT earnings seen to be weak in Q3
Revenues of IT services companies for the December 2023 quarter are expected to be weak, since a full-fledged recovery in the IT sector is still some time away. The third quarter could also reflect pressure on operating margins of software players thanks to the wage hikes and higher-than-expected furloughs. However, some firms may be able […]
Pyramid Technoplast shares climb nearly 13 pc in debut tradePyramid Technoplast shares climb nearly 13 pc in debut trade
Shares of packaging company Pyramid Technoplast Ltd on Tuesday made its market debut with a premium of nearly 13 per cent against the issue price of Rs 166. The stock began the trade at Rs 185, up 11.44 per cent from the issue price on the BSE. It further jumped 13.25 per cent to Rs […]
Punit Goenka moves SAT against SEBI’s confirmatory orderPunit Goenka moves SAT against SEBI’s confirmatory order
Punit Goenka, one of the promoters of Zee Entertainment Enterprises, on Friday appealed before the Securities and Appellate Tribunal (SAT) for relief against the August 14 confirmatory order by the Securities and Exchange Board of India (Sebi) barring him from taking key managerial positions in Zee group companies as well as the merged entity with […]