The newly-launched Securities and Exchange Board of India’s (Sebi) online settlement calculator (beta version) is throwing up new challenges for stakeholders. For example, recently a company changed its mind about settling a case after there was a significant mismatch between the calculator and the internal committee’s assessment of the fine amount. That is, while the
Just a month after reducing India’s overweight to 10% to increase exposure to China, Hong Kong-based brokerage firm CLSA has reversed its stand. The brokerage on Friday decided to go 20% above MSCI weight on India as it “no longer has sufficient conviction to maintain an above benchmark exposure on Chinese equities into 2025”. Interestingly
Both the stock exchanges – the National Stock Exchange and BSE – to remain shut on Friday, November 15 on account of Guru Nanak Jayanthi. All trading activities, including equities, equity derivatives, and securities lending and borrowing, will be closed on November 15. The stock exchanges will continue regular trading from Monday, November 18. Also Read
NTPC Green Energy IPO will launch on November 19 and the company plans to raise Rs 10,000 crore from the primary markets. The IPO will close on November 22. The issue is entirely a sale of 92.59 crore fresh shares. The price band is set at Rs 102-108. But is it a good idea to
Happiest Minds Technologies, a Bengaluru-based digital solutions provider, forecasts robust growth in the second half of the year, stemmed from its recent investments in generative AI. Managing director and CFO Venkatraman Narayanan expressed confidence in the upcoming quarters, citing an uptick in business volume and a robust pipeline. The company is expanding into Africa and
Indian markets are shut on account of Guru Nanak Jayanti but there is a lot of action globally. The Asian markets are muted on weak cues from the US and investors are assessing key economic data from China. Wall Street ended lower on Thursday after Federal Chair Jerome Powell said that he’s in no hurry for
Crude oil prices fell slightly on Friday due to concerns about oversupply and weaker demand, which were magnified by a stronger US dollar. These concerns about oversupply and reduced demand overshadowed the impact of a drop in U.S. fuel stocks, contributing to the decline in oil prices. Brent crude futures dropped by 30 cents, or
Gold prices saw a flat movement on November 15, but for the week they are down 4% , its worst week in three years. One of the major trigger’s for the correction in gold prices is the strong US dollar. Spot gold rose to $2,569.69 per ounce, an uptick of 0.1 per cent after five
Tata Consultancy Services (TCS), the country’s largest IT services firm, on Thursday missed estimates on both revenue and profit fronts, underlining continued caution among global clients amidst a challenging macroeconomic environment. The company’s consolidated net profit rose 4% sequentially to Rs 12,380 crore, missing Bloomberg’s estimate of Rs 12,534 crore. Revenue declined by 0.4% sequentially
Tata Consultancy Services (TCS) reported a net decline of 5,370 employees in the October-December quarter, marking a reversal after two consecutive quarters of headcount growth. The company’s total workforce now stands at 607,354, reflecting ongoing adjustments in its operational dynamics. Also ReadTata Elxsi Q3 Results: Profit drops by 3.59% to Rs 199.01 crore, revenue up
With corporate earnings rolling in, the spotlight is on how companies are performing amid evolving market conditions. Investors are actively tracking results, stock movements, and adjusting strategies to stay ahead in this dynamic earnings season. As indicated by GIFT Nifty, Indian equity indices BSE Sensex and NSE Nifty 50 are likely to open lower on
FMCG player Adani Wilmar will see one of its promoter Adani Commodities LLP offload up to 20% stake in the company through an offer for sale (OFS), which will open on Friday. The floor price has been set at Rs 275 a share, which is a 15% discount to the current market price. Adani Wilmar
The new mechanism to make recording of export-import data more efficient led to the double counting of some of the gold that entered the country via Special Economic Zones (SEZs) resulting in hugely inflated numbers for the month of November. In fact it was a 331% year-on-year increase in gold imports to $ 14.8 billion
