Two months after the government hiking import duty on key edible oils variants and purchase of oilseeds at the minimum support price (MSP) from farmers, mandi prices of soyabean, a key kharif crop, continue to rule below the benchmark price. This is even as retails prices of all the variants of cooking oils, including soyabean
The Securities and Exchange Board of India (SEBI) on Tuesday proposed a slew of changes in the guidelines for listing of small and medium enterprises (SMEs), including an increase in the lot size to Rs 2 lakh or Rs 4 lakh, higher promoter lock-in of five years and cooling period of two years for proprietary
The Securities and Exchange Board of India (SEBI) has unveiled a comprehensive proposal to revamp listing regulations for small and medium enterprises (SMEs). The reforms aim to address concerns over governance, fund utilization and transparency in the SME IPO segment. The segment has faced allegations of fund diversion and fictitious transactions to manipulate stock prices.
A sudden correction in the last hour’s trade due to renewed geopolitical tensions in Europe dampened the relief rally in domestic equities on Tuesday as key indices erased more than 1% of their day’s gains and ended just marginally higher. The selling pressure came after concerns that war between Russia and Ukraine could escalate, after
Indian equity markets to remain shut on Wednesday, November 20 on account of Assembly Elections in Maharashtra. The trading will not take place on NSE, BSE, and MCX for the segments including equities, futures and options, commodities, commodity derivatives, securities lending & borrowing, etc. However, trading will resume on MCX for the evening session from
Suzlon Energy shares rallied 5% and are locked in upper circuit at Rs 62.22 after the international brokerage firm Morgan Stanley raised its rating to “Overwieght” on the stock from “Equalwieght”. The upgrade is rating is primarily because Morgan Stanley expects Suzlon to improve market share going forward. The brokerage house said that the competitive intensity
Food delivery companies have come into focus given Swiggy’s recent debut and share movement after listing. So far Zomato was the only listed entity in this space. With Swiggy’s entry, there is no doubt increased competition in that space. The question then is what’s the better stock to bet on at current levels. Do valuations
The benchmark Indian stock market indices, Sensex and Nifty, have corrected nearly 10% from their recent highs over the past few weeks, but that appears to be good news to some. In a recent turn of events, Asian capital markets and investment group, CLSA, has reversed its India strategy. They have gone back from their
A term insurance plan under the Married Women’s Property (MWP) Act will ensure financial protection of the insured’s wife and children in his absence. The insurance pay-out will only go to them and no creditor of any outstanding loan of the insured can stake claim on the amount. In case a woman is opting for
Zomato will not launch private labels and Blinkit’s quick food delivery platform, Bistro, operates independently without using any data from its Gurugram-based parent, Blinkit CEO Albinder Dhindsa clarified on Friday. The statement comes a day after the National Restaurant Association of India (NRAI) announced plans to take legal action against platforms like Zomato for allegedly
Infosys has escalated its legal battle with Cognizant by filing a counter-lawsuit in a US court. The lawsuit accuses the Nasadq-listed Cognizant and its CEO, Ravi Kumar, of engaging in anti-competitive practices and misusing sensitive information to undermine Infosys Helix, its flagship healthcare platform. The allegations were reported by Moneycontrol and mark a significant development
In a move that will bring relief to foreign portfolio investors (FPIs), the Securities and Exchange Board of India (SEBI) has proposed a doubling of the additional disclosure threshold for FPIs with an exposure of Rs 25,000 crore. The suggestion – to raise the floor to Rs 50,000 crore of equity assets under management –
Maha Kumbh Mela 2025: Days before the start of the world’s largest religious congregation ‘Maha Kumbh 2025’, digital payment app PhonePe, in partnership with ICICI Lombard General Insurance, has launched a first-of-its-kind insurance coverage for devotees travelling to Prayagraj. The insurance plan is designed for travellers attending the upcoming Maha Kumbh Mela from January 13
