The Securities and Exchange Board of India (SEBI) has proposed diversified ownership of equity clearing corporations (CCs) currently fully owned by the stock exchanges. SEBI expects a broad-based and diversified ownership of clearing corporations would help strengthen their financial and operational independence and ensure they can operate primarily in the public interest, and not for
Bank of India is planning to raise Rs 5,000 crore via infrastructure bonds next week. The 10-year infrastructure bonds will have a base size of Rs 2,000 crore and a greenshoe option of Rs 3,000 crore, according to sources. Also ReadQuant MF NAVs fall up to 3 per cent after sell-off in Adani stocks The
Maharashtra Results 2024 Date and Time: The results for the Maharashtra Assembly Elections 2024 will be officially announced on November 23, 2024. After a single-phase election held across the state’s 288 constituencies, the time has come for the state to learn the fate of its elected representatives. As millions of votes are counted, all the
Engineering exports in October saw an increase of $ 3.1 billion on year in value terms to $ 11.2 billion and more than half of it is accounted for by exports by the shipping and aircraft products, according to the commerce ministry data. Exports under the head of ships, boats and floating products and parts
The finances of the state-owned Solar Energy Corporation of India (SECI) has seen a steady and rapid improvement in recent years, with it playing a crucial catalytic role in India’s massive renewable energy drive. Though SECI’s name figured in the US’s department of justice’s indictment of Adani group executives unsealed lately, no specific charge of
A knife maker from the Middle East, phulkari shawls from Patiala, resin artworks and home décor from Kuwait, crochet makers from Russia, carpet weavers from Persia, blue pottery from Rajasthan and many other global crafts are part of the global celebration at this year’s World Crafts Forum. Organised by the World Crafts Council (WCC) AISBL
The Securities and Exchange Board of India on Friday gave the go-ahead to Roshni Nadar Malhotra to acquire a majority shareholding in two promoter group companies of HCLTech from her father and founder of HCL Group Shiv Nadar. The development is part of the succession planning of the Nadar family and, subsequent to the transfer
With the demand for upscale holidays on the rise, Oberoi Hotels and Resorts has created a pipeline of around a dozen properties, luxury boats and cruisers, which will come up in the next five years. This fresh supply will see the addition of 1,350 keys, including about 288 outside India, starting 2026, the company said
The answer to the ‘rent or buy’ question keeps changing as the Indian housing market evolves. Latest ANAROCK data finds that capital values in key micro markets of the top 7 cities have grown by a significant 128% between 2021-end and 2024-end, while rental values in many micro markets have appreciated less than the overall
Mutual fund investors have seen massive erosion in their portfolio valuations over the last 6 months amid one of the longest corrections in the Indian equity market. So amidst all this, if you are thinking of investing, it is very important to focus on mid- to long-term returns also while choosing a fund because short-term
Warren Buffett’s Berkshire Hathaway raised its holdings in five Japanese trading houses, regulatory filings showed on Monday, in the U.S. conglomerate’s latest investments in Japan’s top commodity firms that began nearly five years ago. Berkshire’s stake in Mitsui & Co rose to 9.82% from 8.09%, while its holdings in Mitsubishi Corp, Sumitomo Corp, Itochu and
SpiceJet on Monday (March 17) announced that its founder, Ajay Singh, will inject Rs 294 crore into the airline through a promoter group entity by converting warrants into equity shares. This move will increase the promoter group’s stake in the airline from 29.11 per cent to 33.47 per cent. Singh, who also serves as the
Foodtech major Swiggy on Monday announced that its quick commerce platform Swiggy Instamart has expanded to 100 cities nationwide. In a regulatory filing, the company said that the expansion comes in the backdrop of the growing demand for 10- minute deliveries, particularly in tier 2 and 3 cities. During the previous month, Swiggy Instamart launched
