Finance Minister Nirmala Sitharaman has said that regulators Sebi and RBI should always be on their toes to keep the equity market stable and indicated that the Adani stock rout following a Hindenburg report was a company specific issue. She said banks and insurance companies are "not overexposed" to any one company and assured that [...]
Maharashtra will set up four circular economy parks for major industries and an enabling policy for the same will be ready by March and implemented from April, a senior state government official has said. These circular economy parks will primarily focus on recycling scrap and other wastes. The proposed parks will come up in Aurangabad, [...]
Major FMCG companies feel the demand slump has bottomed out and there are green shoots of recovery in the rural markets, which has been under stress since the last few quarters. With abating commodity price pressures, firms such as HUL, Godrej Consumer Products Ltd (GCPL), Dabur, Marico and Emami expect a gradual recovery in consumption [...]
Foreign investors pulled out Rs 28,852 crore from Indian equities in January, making it the worst outflow in the last seven months, primarily due to attractiveness of the Chinese markets. This came following a net investment of Rs 11,119 crore in December and Rs 36,238 crore in November, data with the depositories showed. Going ahead, FPI flows are [...]
Prime Minister Narendra Modi will on Monday launch petrol blended with 20 per cent ethanol, unveil a solar and conventional energy powered cooking system and inaugurate the India Energy Week in Bengaluru. The India Energy Week (IEW) 2023, being held from February 6 to 8, is aimed to showcase India's rising prowess as an energy [...]
India's crude steel production rose by 5.80 per cent to 124.45 million tonne (MT) in 2022, according to SteelMint. The country had produced 117.63 MT crude steel in 2021, the market research firm said. The production of finished steel was at 110.03 MT, up from over 104.54 MT a year ago, SteelMint said in its [...]
Equity benchmark Sensex declined more than 200 points in early trade on Monday, tracking losses in index-heavyweights Infosys, TCS and HUL amid a broadly negative trend in global markets. Besides, a weak rupee against major rivals dented the domestic equity market sentiments, traders said. The 30-share BSE index was trading 203.71 points or 0.33 per [...]
Sebi on Friday tweaked its operational circular on credit rating agencies (CRAs), asking them to have a detailed policy by March-end in respect of non-submission of crucial information, including quarterly financial numbers, by the issuers. Also, the detailed policy should contain methodology in respect of assessing the risk of non-availability of information from the issuers, [...]
Shares of four Adani Group firms, including Adani Enterprises and Adani Ports bounced back on Friday after facing heavy drubbing in the past 6 days. The stock of Adani Enterprises rebounded 1.25 per cent to settle at Rs 1,584.20 apiece on the BSE. During the day, it tumbled 35 per cent to Rs 1,017.10 -- [...]
Embassy Office Parks REIT on Friday said the proposal to tax income distributed by business trusts in the form of debt repayments at the hands of unitholders has created some uncertainties in the market, and the industry is considering making a presentation to the government on the success of this investment vehicle. The proposal impacts [...]
