India offers a predictable, stable and business-like environment which is one of the major factors for foreign companies to invest in the country, a top Indian industrialist has said as he underscored the need for labour reforms. Alok B Shriram, CEO of manufacturing company DCM Shriram Industries, who is in the US as part of [...]
Stock market benchmark indices climbed in early trade on Wednesday, extending their rally for the eighth day running, following strength in most of the Asian equity exchanges and continuous foreign fund inflows. Also, buying in index majors Reliance Industries, HDFC twins and Tata Consultancy Services added to the positive trend in the equity market. The [...]
The International Energy Agency (IEA) on Tuesday termed the decision of OPEC+ to cut oil production as "risky for the global economy", saying it may push up already high prices, leading to higher import bills for nations like India. Global oil markets were already set to tighten in the second half of 2023, with the [...]
To check irregular movement in stock prices, Sebi on Tuesday came out with a new framework for fixing the price band for trading in shares on the first day of listing after an initial public offering. The decision has been taken after discussions with stock exchanges and Sebi's Secondary Market Advisory Committee (SMAC), according to [...]
Securitisation volumes jumped 41 per cent to Rs 1.78 lakh crore in FY23, driven largely by the retail segment, a report said on Tuesday. The last quarter of the fiscal alone contributed volumes of over Rs 61,000 crore, domestic rating agency Icra said. Securitisation involves pooling of loans and selling them to a special purpose [...]
Equity investors became richer by over Rs 12.56 lakh crore in seven days of market rally as sentiments remained firm amid continuous foreign fund inflows and stable global trends. In the past seven days, the BSE benchmark Sensex has jumped 2,544 points or 4.41 per cent. Helped by the ongoing rally, the market capitalisation of [...]
Nationalist Congress Party (NCP) president Sharad Pawar on Tuesday said although his outfit does not agree with the demand of anti-BJP parties for a Joint Parliamentary Committee (JPC) probe into allegations against the Adani group, it will not go against their stand for the sake of Opposition unity. The former Union minister had earlier said [...]
Private equity inflows plunged 75.4 per cent to USD 2.2 billion in the March quarter, making it the sixth consecutive quarter of decline, amid global macroeconomic and geopolitical headwinds, according to a report. At USD 2.2 billion of inflows, this is the lowest private equity investment in the country since 2018, when it stood at [...]
Equity benchmark Sensex climbed over 310 points to reclaim the 60,000 mark on Tuesday, propelled by robust buying in metal, bank and financial stocks amid a firm trend in global equities and continuous foreign capital inflows. Rising for the seventh straight session, the 30-share BSE Sensex rose 311.21 points or 0.52 per cent to finish [...]
A unified portal of the Central Bureau of Narcotics(CBN) will instil efficiency and transparency and reduce the time taken by the pharma industry to get trade licence, the finance ministry said on Tuesday. Revenue Secretary Sanjay Malhotra on Tuesday launched the unified portal of the CBN. CBN is a central government organization dealing with the [...]
