The government is considering a proposal to introduce a floor price for onion exports, to ensure that 40% export duty imposed last week don’t lead to under invoicing of shipments of the stable vegetables. Sources said several onion exporters on Wednesday met the officials of the department of consumer affairs and urged for floor price […]
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India bond yields seen rising on elevated US peersIndia bond yields seen rising on elevated US peers
Indian government bond yields are expected to trend higher in early session on Monday, as U.S. yields continue to remain elevated. The benchmark 7.26% 2033 bond yield is likely to be in the 7.22%-7.26% range, after ending the previous session at 7.2172%, a trader with a primary dealership said. “With lack of any major local […]
Closing bell: Indices get a push in late trade, Nifty closes above 19600, Sensex above 65880; FMCG shines, banks face correctionsClosing bell: Indices get a push in late trade, Nifty closes above 19600, Sensex above 65880; FMCG shines, banks face corrections
The benchmark indices closed in the green with the Nifty closing above 19,600 with the push from last-hour buying. The NSE Nifty 50 ended up 0.18% to settle at 19,611.05, while the BSE Sensex added 100 points to shut shop at 65,880.52. Nifty Next 50 and Nifty Midcap 50 led the gains among the broader […]
Updater Services sets Rs 280-300 price band for Rs 640-cr IPOUpdater Services sets Rs 280-300 price band for Rs 640-cr IPO
Chennai-based integrated facilities management firm Updater Services on Thursday announced the price band for its Rs 640-crore public offering, at Rs 280-300 per share, for the issue opening on September 25. The company which started way back in 1987 in Chennai, claims to be the market leader with a revenue of Rs 2,100 crore in […]
Stock markets climb in early trade, Sensex up 232.43 points, Nifty gains 71.85 points; extend rally for 2nd day runningStock markets climb in early trade, Sensex up 232.43 points, Nifty gains 71.85 points; extend rally for 2nd day running
Equity benchmark indices began the trade on an optimistic note on Tuesday, extending their previous day’s rally, amid firm trend in global markets. The BSE Sensex climbed 232.43 points to 65,229.03 in early trade. The NSE Nifty gained 71.85 points to 19,377.90. Bharti Airtel, Axis Bank, Reliance Industries and IndusInd Bank were among the laggards. […]
Minimum issue size for non-profits at SSEs may be cut by a halfMinimum issue size for non-profits at SSEs may be cut by a half
The Securities and Exchange Board India (Sebi) has proposed to reduce the minimum issue size for non-profit organisations (NPOs) on social stock exchanges (SSEs) by 50%, and application size by 95% to facilitate more fundraising. A consultation paper issued on Tuesday stated that both the NSE and BSE have set up the SSE segment, and […]
Oil rises on China, US economic data and OPEC+ cut expectationsOil rises on China, US economic data and OPEC+ cut expectations
Oil prices ticked up in Asian morning trade on Monday, as market sentiment was buoyed by positive China and U.S. economic data, as well as expectations of ongoing crude supply cuts from major producers. Brent crude was up 17 cents, or 0.2%, at $88.72 a barrel at 0015 GMT. U.S. West Texas Intermediate crude (WTI) […]
NCCF to sell buffer onion at subsidised rate of Rs 25/kg in Delhi from tomorrowNCCF to sell buffer onion at subsidised rate of Rs 25/kg in Delhi from tomorrow
Cooperative NCCF will commence retail sale of onion from the government buffer stock at a subsidised rate of Rs 25 per kg in the national capital from Monday to give relief to consumers from high prices of the kitchen staple, its top official said on Sunday. The National Cooperative Consumers’ Federation of India (NCCF) is […]
5 dead as Japan Airlines plane burst into flames after massive collision at Tokyo Airport | Watch5 dead as Japan Airlines plane burst into flames after massive collision at Tokyo Airport | Watch
A Japan Airline’s plane caught fire on a runway at Tokyo’s Haneda Airport on Tuesday. Local media reports say that airport authorities are trying to douse the blaze and find out the reason of behind the accident. A footage by public broadcaster NHK is being shared on various social media platforms. Video: a JAL plane […]
Rupee gains strength, dollar weakens as Fed takes a pause; traders eye Fed Chair’s testimonyRupee gains strength, dollar weakens as Fed takes a pause; traders eye Fed Chair’s testimony
By Gaurang Somaiya Rupee strengthened after consolidating in a narrow range for the last few weeks ahead of the important FOMC policy statement that was released earlier this week. On the domestic front, trade balance number was released and that too triggered volatility in the short term. Apart from this, inflation numbers from the US […]