Seven consecutive sessions of decline in the equity market has eroded the wealth of investors by a whopping Rs 10.42 lakh crore and the benchmark Sensex has tumbled more than 2,000 points during this period. Concerns over more rate hikes by developed economies, weak global equity markets and fresh foreign fund outflows from the domestic [...]
Penny stock can be categorized as the class of stocks whose price ranges anywhere between Rs 1 to Rs 50 and has a market capitalization of less than Rs 200 crore in India. These stocks are illiquid in nature as the trading volume is generally less and thus have a higher risk. Despite this, most [...]
A high-powered Sebi committee on Monday asked investors in illegal schemes of PACL group, with claims of up to Rs 17,000, to produce original documents by March 20 for receiving refunds. The panel has asked only those investors, whose applications have been successfully verified, to submit their original certificates. The committee, headed by former Chief [...]
Benchmark indices Sensex and Nifty slid for a seventh straight session on Monday, logging their longest losing run in the past five months, following a bearish trend in global markets amid concerns over aggressive rate hikes by developed economies. Fresh foreign fund outflows and losses in IT, auto and oil stocks also dented investor sentiments. [...]
Retail investors' interest in the Indian mutual fund industry has seen an uptick with the value of assets held by them witnessing a rise of 9.3 per cent to Rs 23.4 lakh crore in January this year. In comparison, the value of assets held by retail investors in mutual funds stood at Rs 21.40 lakh [...]
The queues of cars from Laos waiting to fill their tanks at petrol stations across the border in Thailand have sparked fears the landlocked Asian country’s debt is spiralling out of control and could go the way of Sri Lanka. Laos has been struggling with heavy debt mainly due to mega infrastructure projects, such as [...]
The Uttar Pradesh government is likely to miss the budgeted revenue surplus of 2.8 per cent by a wide margin, even though it may meet the fiscal deficit target of 3.5 per cent next fiscal, says a report by India Ratings. Noting that the UP budget presented earlier this week made many over-the-top assumptions regarding [...]
The country's fertiliser imports rose by 3.9 per cent to 19.04 lakh tonnes in January this year compared to the year-ago period, according to the Fertiliser Ministry data. The country imported 18.33 lakh tonnes of fertilisers during January 2022. According to the latest data, of the total imports of 19.04 lakh tonne, 10.65 lakh tonnes [...]
The National Company Law Appellate Tribunal (NCLAT) has upheld the 2019 Resolution Plan of Adani Power's bid for Korba West Power and has asked Shapoorji Pallonji & Co to pursue arbitration proceedings for pending claims. A two-member NCLAT bench said "there is no illegality in the order of the approval of the resolution plan by [...]
Edelweiss Financial Services Limited has received the shareholders’ approval for the proposed demerger of its Wealth Management business. As per the scheme, a new company will be formed and listed as Nuvama Wealth Management Limited (NWML). The newly formed NWML will allot 1,05 Crore equity shares of the face value of Rs 10 each to [...]
