French bonds fell, widening the yield premium over German peers to fresh highs, as investors remain on edge ahead of upcoming legislative elections. The 10-year yield spread over German securities rose to 83 basis points, the highest level since 2012 on a closing basis. The move unwinds a relief rally […]
From taxes and tariffs to electric cars, cryptocurrencies and more, the two candidates will be locking horns on a host of policies that can potentially send stocks swinging in various corners of the market. “The first presidential debate on Thursday is a good reminder for investors to keep their emotions […]
UltraTech Cement on June 27 announced that its board had approved the acquisition of a 23 per cent equity stake in India Cements. UltraTech plans to purchase 7.06 crore shares of India Cements at ₹267 apiece, bringing the total deal value to approximately ₹1,885 crore. The promoter group holds a […]
Oil prices rose on Thursday as war in the Middle East kept stoking supply concerns, while an unexpected uptick in U.S. crude and gasoline capped price gains. Brent crude oil futures were up 92 cents, or 1.08%, to $86.17 a barrel by 09:46 a.m. EDT (1446 GMT). U.S. West Texas […]
Shares of domestic brokerage IIFL Securities turned bearish soon after capital markets regulator Securities and Exchange Board of India (SEBI) initiated a probe into Sanjiv Bhasin’s role in stock market manipulation. Bhasin, who regularly provides stock trading suggestions on various business news channels, was associated with IIFL Securities as a […]
RBL Bank announced on Thursday, June 27, that it will raise up to ₹3,500 crore through a combination of qualified institutional placement (QIP) of shares and a debt issue. The private lender will raise ₹3,500 crore through a QIP and ₹3,000 crore through an issue of debt securities by way […]
RBL Bank said on Thursday it will raise up to 65 billion rupees ($779 million) through a combination of qualified institutional placement (QIP) of shares and debt sale. The bank will raise 35 billion rupees through QIP and 30 billion rupees through issue of debt securities via private placement, […]
These expectations resulted in Nifty and Sensex rising over 0.7% each to fresh closing highs of 24,044.5 and 79,243.18, respectively, on Thursday. “There is a possibility of the tax-free limit being increased from ₹750,000 on income under the new tax regime, which is adding to the bullish sentiment,” said A. […]
The board of the Securities and Exchange Board of India (Sebi) also decided to ease voluntary delisting of companies and proposed a fee collection mechanism for registered investment advisors. “In order to ensure that there is healthy linkage between cash market and the futures and options market. Second is criteria […]
Indian stock market: Benchmark indices Sensex and Nifty reached new record high with the Nifty 50 crossing the 24,000 mark for the first time and the Sensex surging above 79,000. The 30-share BSE Sensex concluded the session with a gain of 568.93 points, or 0.72%, closing at the level of […]