The charges levied by stock exchanges, depository participants and clearing members should be true to label and uniform, the Securities and Exchange Board of India (Sebi) said on Monday. True to label means that if a charge is levied on the end client by stockbrokers, depository participants, and clearing members, […]
Oil prices rose on Monday, fuelled by increasing summer demand optimism and the supply cuts by the Organisation of the Petroleum Exporting Countries (OPEC). The rising gains in the oil market were controlled by other producers, indicating volatility, reported Reuters. On Monday, Brent crude futures rose 0.81 per cent or […]
Unicommerce eSolutions Limited, a Software-as-a-Service (SaaS) company, received the Securities and Exchange Board of India (SEBI) approval for its initial public offering (IPO) plan on Monday, July 1, according to the markets regulator filing. The Delhi-based company plans to offer up to 2.98 crore equity shares with a face value […]
The end of the Second World War marked the beginning of an over two-decade-long bull run on Wall Street. As is the case with all bull markets, this one too had its blue-eyed sector—airlines. ‘Air-transport stocks’ were all the rage back then, with investors scrambling to scoop up as many […]
FirstCry IPO: Brainbees Solutions Limited, the operator of FirstCry, has received the Securities and Exchange Board of India’s (SEBI) approval for its proposed initial public offering (IPO). According to Sebi disclosure, the market regulator received FirstCry’s final observation letter on 25 June, which means the companies have clearance to list […]
The momentum in business activity in India’s manufacturing sector has bounced back. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 58.3 in June from a three-month low of 57.5 in May. A reading above 50 indicates expansion. The headline index remains well above the long-term average, […]
Stock Market today: UltraTech Cement, Ambuja Cements, ACC, Orient Cement , The Ramco Cements share prices gained up to 14% on Monday. Shree Cements, Dalmia Bharat and few others share prices also gained up to 2%. Cement stocks remain in focus on rising capacities and ongoing consolidation in the Industry. […]
Star Health and Allied Insurance Co. Ltd has chosen a distinct path compared to its rivals in the general insurance business by focusing on profitability rather than chasing market share gains at any cost. Just like any other business, the general insurance business can also earn profit if its revenue, […]
Shares of Stanley Lifestyles, the freshly listed Indian furniture company, rose 9.11 per cent to reach an all-time high of ₹517.20 during Monday’s trading session. The rally happened after the American investment bank Morgan Stanley picked up ₹16.76 crore worth of stake in the company on June 28, according to […]
Top Gainers and Losers Today : The Nifty closed at 24010.6, up by 0.55% today. Throughout the day, the Nifty reached a high of 24164.0 and a low of 23992.7. The Sensex traded between 79561.0 and 78971.79, closing 0.56% up at 79032.73, which was 443.46 points above the opening price. […]