Darshan Mehta, a stalwart of Reliance Brands, is likely to step down as the Managing Director after nearly 17 years of transformative leadership. Joining the company at its inception in 2007, Mehta spearheaded its evolution into a dominant player in India’s luxury and premium retail sectors. From bringing global giants like Jimmy Choo and Balenciaga …
Shares of public sector banks (PSBs) are under significant pressure, with the Nifty PSU Bank index slipping about 4% in Thursday’s intra-day trade. This marks the sharpest fall in over three months for the index. But what triggered this sharp decline? The recent allegations against the Adani Group founder Gautam Adani and other executives for …
On November 21, 2024, both the BSE Sensex and Nifty 50 ended the day in red. The BSE Sensex closed at 77,155.79, down by 422.59 points or 0.54%. Similarly, the Nifty50 also closed at 23,349.90, down by 168.60 points or 0.72%. Sectoral Performance Nifty Realty and Nifty IT ended in green. On the other hand, Nifty PSU …
At noon, the Indian benchmark indices Sensex was down 0.66% at 77,064.47, and the Nifty 50 was down 0.78% at 23,335.15. The following are a few stocks that are in focus during afternoon trade. Hyundai Motor India Hyundai Motor India share price traded 0.25% higher at ₹1,833.55 on the NSE, with a price-to-earnings ratio of …
The Indian benchmark indices Nifty 50 and Sensex returned to positive territory after witnessing continuous red sessions. At 09:15 AM, Nifty 50 stood at 23,390.20, down 128.30 points, or 0.55% and Sensex stood at 77,711.11, down 291.24 points or 0.38%. PSU Bank, Media and Realty stock witnessed high selling pressure. In addition, Adani Group stock …
The Securities and Exchange Board of India (SEBI) has introduced new, stricter listing regulations for small and medium enterprises (SMEs) to improve transparency and corporate governance in the sector. Background to the Proposal This move comes after SEBI identified several irregularities, including the alleged diversion of IPO funds, circular transactions with related parties to inflate …
The Indian stock market is expected to be impacted on Thursday, influenced by weak global cues. Asian markets were trading lower, and the U.S. stock market closed mixed amid growing concerns over the Russia-Ukraine conflict. Tensions escalated after Ukraine used long-range British Storm Shadow missiles to strike Russian territory. Earlier, Ukraine had launched U.S.-made ATACMS …
The Indian benchmark indices Sensex and Nifty 50 are poised to start lower due to mixed global cues. On November 21, 2024, Gift Nifty futures traded at 23,564, down 0.39% at 07:43 AM. Check out a few stocks that will be in focus during the trading session. UPL UPL through an exchange filing stated that it …
The SEBI Minimum Public Shareholding (MPS) regulations typically require that listed companies in India maintain at least 25% of their shares in public hands. However, in the case of government-owned public sector banks (PSBs) and companies, SEBI made adjustments in August 2014, allowing these banks to meet a reduced requirement of just 10% public shareholding. …
On November 19, 2024, both the BSE Sensex and NSE Nifty50 ended the day in green. The BSE Sensex closed at 77,578.38, up by 239.37 points or 0.31%. Similarly, the Nifty50 also closed at 23,518.50, up by 64.70 points or 0.28%. Sectoral Performance On Tuesday, Nifty Metal, Nifty PSU Bank and Nifty Oil & Gas …
