The opening of Ratan Tata’s will has named Mohini Mohan Dutta, a Jamshedpur-based entrepreneur, as a beneficiary, bringing attention to a figure previously unknown to many. Reports suggest that Dutta is set to inherit approximately ₹500 crore, leading to speculation about his relationship with the late industrialist. Who is Mohini Mohan Dutta? Mohini Mohan Dutta …
Several companies, including Hero MotoCorp, Cochin Shipyard, ITC, MRF, Torrent Power, and NHPC, will trade ex-dividend starting Monday, February 10, according to data from the BSE. What is the Ex-Dividend Date? The ex-dividend date is when a stock no longer carries the value of its upcoming dividend. Shareholders who hold the stock until the record …
The Securities and Exchange Board of India (SEBI) has released a structured framework to regulate retail investors’ participation in algorithmic (algo) trading. Given the complexities involved, this blog breaks down the key aspects of the new regulations to help traders and algo providers understand their implications. What is Algorithmic (Algo) Trading? Algorithmic trading, or algo …
Markets regulator Securities and Exchange Board of India (SEBI) proposed on Friday an extension of the automated closure of trading windows ahead of financial result declarations to the immediate relatives of designated persons of listed companies. This move, detailed in a consultation paper, aims to prevent inadvertent non-compliance with insider trading rules. Background of the …
The Securities and Exchange Board of India (SEBI), the market regulator, has barred finfluencer Asmita Patel, also known as “She Wolf“ and 5 others from participating in the market, while also confiscating illegal gains exceeding ₹53 crore. SEBI Barred She Wolf Asmita Patel From Stock Market On Thursday, February 6, SEBI issued an interim order …
Foreign Portfolio Investors (FPIs) have continued their withdrawal from Indian equity markets, pulling out over ₹7,300 crore (approximately $840 million) in the first week of February. This trend follows a massive outflow of ₹78,027 crore in January, marking a sharp reversal from the ₹15,446 crore invested in December. The ongoing exodus is attributed to escalating …
OpenAI CEO Envisions India Leading AI Revolution During a visit to New Delhi, OpenAI’s CEO Sam Altman enthusiastically endorsed India’s growing momentum in artificial intelligence (AI) development, expressing confidence that India will emerge as a key player in the AI revolution. His remarks highlight India’s substantial progress in adopting and advancing AI technologies, with OpenAI …
Shantanu Naidu, the close aide and manager of the late Ratan Tata, has announced an important career move on LinkedIn. Naidu, often seen as Tata’s right-hand man in his final years, shared his excitement about joining Tata Motors in a senior position. New Role at Tata Motors Naidu revealed in his post, “I’m happy to …
On February 7, 2025, Indian stock markets ended lower despite the Reserve Bank of India (RBI) cutting the repo rate by 25 basis points (bps) to 6.25%. The central bank, however, kept its policy stance unchanged, with RBI Governor Sanjay Malhotra stating that the focus remains on controlling inflation while supporting economic growth. The BSE …
The NSE Nifty 50 and BSE Sensex experienced significant volatility throughout the week ending Friday, February 7, 2025. The NSE Nifty 50 remained volatile during the week ending Feb 7, 2025. On Feb 3, it opened at 23,319.35 and closed 0.52% lower at 23,361.05. Feb 4 saw a 1.62% gain, with Nifty hitting 23,762.75 before …
