India's largest life insurer, Life Insurance Corporation(LIC) of India has increased its shareholding in Steel Authority of India Ltd India by 2.001 percent from 28,64,03,775 to 35,88,07,919 equity shares. With this, its stake in the paid-up share capital of the company has gone up from 6.93 percent to 8.68 percent. The shares were purchased in the [...]
The ‘Trade-plus-One’ (T+1) settlement cycle has been implemented effectively in the top listed securities in India from 27th January 2023. Market experts believe and mention that this settlement system will allow the money cycle to move faster without waiting for an extra day. What is ‘Dividend’? A dividend, in a generic sense, is a reward [...]
The shares of government-owned steel producer Steel Authority of India Ltd. (SAIL) have declined 38% to date since early April. As of 12:45 IST, the stock was trading at ₹ 68.45, down 38% since the April 6 closing price of ₹ 110.50 per share. Billionaire investor Rakesh Jhunjhunwala, who earlier held a 1.8% stake in [...]
Adani Total Gas, NMDC, Apollo Hospitals Enterprises, Cholamandalam Investment and Finance, Steel Authority of India, Bank of Baroda, and Honeywell Automation India have been added to the large-cap list by the Association of Mutual Funds in India (AMFI). AMFI has classified the newly listed India Railways Finance Corporation, Macrotech Developers, Sona BLW Precision Forgings, and [...]
