India’s markets regulator has closed proceedings in the co-location case against the National Stock Exchange and its officials, citing a lack of evidence. Kamlesh Varshney, a whole-time member of the Securities and Exchange Board of India, on Friday held that due to the absence of sufficient material, the test of “preponderance of probability” failed to … Read more
Interarch Building Products Limited’s share price surged over 4 per cent on September 5 during the early trading session following two major announcements. The building products manufacturer scheduled a board meeting to review financial results and inaugurated a new manufacturing plant in Andhra Pradesh. Interarch Building’s share price was trading in the green, up 4.31 … Read more
Most Indian investors have primarily focused on the domestic market for various reasons, including strong economic growth and solid fundamentals. This has led many to overlook investment opportunities abroad. Additionally, restrictions on transferring large sums of money outside India and the additional paperwork involved have further contributed to the India focus. Global opportunities and diversification … Read more
The initial public offerings (IPO) of Premier Energies is all set to open for subscription on August 27. The mainboard segment IPO will remain for bidding till August 29. The company, which manufacturer of integrated solar cell and solar panel, has set the price band at ₹427 to ₹450 per share, with a face value … Read more
Orient Technologies initial public offerings (IPO), which opened for subscription on August 21, was subscribed over 16.96 times on the second day of bidding. The issue received bids for 12,63,33,144 shares compared to the 74,49,846 equity shares available, within a price range of ₹195-206, according to stock exchange data. The retail portion and non-institutional investors … Read more
F&O ban list:The National Stock Exchange (NSE) banned trading in 15 stocks on Tuesday, August 13, in the futures and options (F&O) segment as they exceeded 95% of the market-wide position limit (MWPL). However, these stocks will be available for trading in the cash market. The NSE updates the list of securities in the F&O … Read more
Fixed-income investments such as fixed deposit (FD) interest, bond interest, and debt mutual funds are typically taxed at the marginal rate (slab rate). The 2023 budget had abolished the benefit of long-term capital gains tax or LTCG for debt mutual funds. However, there’s a notable exception in the tax system for certain bond transactions. If … Read more
The Indian stock markets will be closed for a total of 10 days including weekends in August 2024. The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be closed for the entirety of the 10 days in the month of August. Here is a list of holidays for August, investors and traders … Read more
Top News India’s foreign exchange reserves (Forex) increased by USD 4.83 billion to reach USD 651.5 billion for the week ending May 31, 2024. The IPO of Kronox Lab Sciences got oversubscribed by 117.25 times. Sundaram AMC has launched the NFO for Sundaram Business Cycle Fund. The NFOs closes on 19th June. View Full Image … Read more
In May, the Indian stock exchanges were closed for two days. In observance of Maharashtra Day, both exchanges were closed on May 1. The BSE and NSE were also closed on May 20 in addition to May 1 due to the general elections, which included competing for all six Lok Sabha seats in Mumbai in … Read more