No schedule change, FPO price, confident of success: Adani Ent
Adani Enterprises Limited on Saturday clarified that the additional public offering (FPO) will proceed as per schedule and at the announced price. The company said the timeline and issue price remained unchanged. “The additional public offer (FPO) of Adani Enterprises Limited is proceeding in accordance with schedule and announced price range. There is […]
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Budget gloom: Nifty is set for worst performer, down 2.8% in the past three sessions
The benchmark is on track for its worst five-day showing since the Covid pandemic began in 2020
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The silver lining: India’s imports hit a record 9,450 tons amid rebounding demand
India imported 9,450 tons of silver in 2022, the country’s highest ever annual import. The previous high for silver imports was 8,093 tons in 2015. The reasons for the rise in imports last year are manifold: pent-up demand from industry after years of lockdown, restocking by jewelry and silverware manufacturers, and good investment […]
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SEBI penalizes PMIA, directors for 28 lakh rupees for violating market norms
Sebi on Wednesday slapped penalties totaling Rs 28 lakh on Pinnacle Market Investment Consulting (PMIA) and its principals for breaching the regulatory rules. PMIA is a SEBI registered investment advisory firm whose principals are Abhishek Patel, Shekhar Mishra and Parul Sahu. The regulator imposed a fine of Rs 13 lakh on PMIA […]
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Former Chairman Sibi Damodaran launches ATOM Index of Medium Corporate Governance
Airawat Indices Pvt Ltd, a joint venture company founded by former head of Sebi M Damodaran and Decimal Point Analytics, has launched a new ATOM index comprising 30 mid-cap listed companies. The company said in a statement that Atom (Ayrawat Touchstone Midcap Index) is an objective index designed to serve investors seeking […]
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Bank of Baroda and CG Power may be added to the MSCI World Benchmark Index
State-owned Bank of Baroda and CG Industrial & Energy Solutions may be added to the MSCI World Benchmark Index during the upcoming rebalancing. Meanwhile, Biocon is expected to be excluded from the index. According to an analysis by Nuvama Alternative & Quantitative Research, the expected inflows into BoB and CG Power could […]
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ETF gold flows down 90% in 2022; Asset base, investor account grows
Flow into gold exchange-traded funds (ETFs) fell by 90 percent to 459 crore in 2022 due to rising yellow metal prices, an increase in interest rate structure along with inflationary pressures. This was significantly lower than the inflow of Rs 4,814 crore seen in the sector during 2021 and Rs 6,657 crore […]
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The rise in gold and silver prices in early trading; Selling the yellow metal at Rs 52,350
Gold prices rose by 380 rupees on Saturday, with 10 grams of the yellow metal (24 karat) trading at 57,110 rupees. Silver prices rose 200 rupees from near yesterday to 72,100 rupees per kilogram. The price of 22 karat gold is up 350 rupees compared to yesterday near 52,350 rupees per 10 […]
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Sensex and Nifty fell for a second day on fears of a global economic slowdown
Benchmark Sensex and Nifty closed lower for the second consecutive day on Friday as Reliance Industries, Hindustan Unilever and Infosys slumped amid fears of a global economic slowdown. The 30-share BSE Sensex fell 236.66 points, or 0.39 percent, to settle at 60,621.77 shares, and 20 of its components closed in the red. […]
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Sensex snaps higher over two days amid global weakness, down 187 points
Stock indexes fell on Thursday after a two-day rally, reflecting a softer trend overseas after lackluster US consumer data sparked fresh concerns about global growth. Traders said the weaker rupee and foreign money inflows further weighed on sentiment. BSE Sensex, which includes 30 shares, fell 187.31 points, or 0.31 percent, to settle at […]
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