Booking Financial News

custodians would make funds available to foreign portfolio investors on the day of settlement itself, a senior Sebi official said on Thursday. «Inefficiencies and opacity dog not only the Indian domestic investor; they also impact foreign portfolio investors (FPIs). While India fully moved to a T+1 settlement cycle in January 2023, most FPIs are only able to access their funds from sale of securities on T+2 or later,» Sebi whole time member Ananth Narayan said. He was speaking at the Global Fintech Fest.

Hellboy franchise is on the way with «Hellboy: The Crooked Man.» The movie promises a fresh take on the iconic comic book character, with a storyline that delves into Hellboy's past.

Markets regulator Sebi on Thursday proposed to make it mandatory for all entities regulated by it to maintain communication records, including acknowledgements, for at least eight years. The move is aimed at improving regulatory compliance, increase transparency, protect investors' interest and boost their confidence in the securities market. In its consultation paper, the regulator suggested that all entities regulated by it should maintain records of all required communications, including acknowledgements, for at least eight years as per their governing regulations.

United Spirits Ltd. traded at Rs 1444.0 on BSE at 12:48PM (IST) on Thursday, down 0.32 per cent. The stock quoted a 52-week low price of Rs 981.25 and a high of Rs 1480.0. Earlier in the day, the stock saw a gap down opening.

Bangalore's current startup ecosystem and Kota, the coaching hub for IIT JEE aspirants in 2005. He refers to this as the "ecosystem delusion," where an environment rich in resources and networking opportunities can sometimes create a false sense of achievement among its participants. He listed four reasons why a «Bengaluru today reminds him of Kota of 2005». In Kota, thousands of students flocked to the city, assuming that merely being in the same place as the top achievers, attending the same coaching classes, and having access to the best resources would guarantee their success. However, only a small fraction of them actually cleared the IIT JEE, while the majority fell into the trap of complacency—believing that proximity to success was the same as putting in the hard work required to achieve it. In his post, Deshpande referred to Kota as the «Mecca of IIT-JEE,» highlighting that it fosters a well-crafted environment for success. «Each year, one coaching institute alone produces around 4-5 top rankers with single digits. Students have access to exceptional teachers, the finest books, and an infrastructure designed to promote success—everything from mess facilities to photocopy shops and rental PGs,» he explained.

Genus Power Infrastructures on Thursday gained 5% to touch its fresh 52-week high of Rs 466.25 on BSE after the company announced that it has won three orders worth Rs 4,469 crore for the appointment of advanced metering infrastructure service providers (AMISPs). The AMISP includes the design of advance metering infrastructure (AMI) system with supply, installation, and commissioning with FMS of about 55.9 lakh smart prepaid meters, system meters including DT Meters with corresponding energy accounting on DBFOOT basis.

Siemens Ltd. traded at Rs 6915.0 on BSE at 12:33PM (IST) on Thursday, down 0.52 per cent. The stock quoted a 52-week low price of Rs 3248.0 and a high of Rs 7974.25. Earlier in the day, the stock saw a gap down opening.

REC rallied 2% to Rs 552.35 and 3% to Rs 636.15, respectively, as global brokerage UBS initiated coverage on the stocks, viewing them as key financiers for high-growth renewable power generation and infrastructure capex. UBS has given both stocks a buy rating, with a target price of Rs 670 for PFC and Rs 720 for REC.

Buy or sell stocks today: The Indian stock market indices, Sensex and Nifty 50, hit fresh record highs on Wednesday, August 28. The trading session marked the 10th successive day of Nifty closing in gains.

In 1991 Mark Matson took a major step on the way to experiencing his own personal American dream when he founded Matrix Asset Allocation, later to be renamed Matson Money, on a shoestring budget.

Barzakh — which means the land of limbo — is an otherworldly series about how closely those who have left us behind might still be listening. The conversations dangle on. Barzakh is streaming on Zee5, and — for free and in 4k resolution — on Zee Zindagi’s YouTube channel.

Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...

revenue of Rs 261 crore (USD 31 million), a 52% year-over-year (YoY) increase in Q1 FY25. This is the 12th quarter out of the last 13 where the firm has delivered over 50% YoY growth.

₹1 trillion mark. The stock has delivered staggering 30-fold returns since its listing in 2019. Is this steep rise justified? To answer that we first need to understand RVNL’s business model.

A friend from an NGO urged me to name the NGOs that were high on fakeness. Many others expressed similar sentiments after reading my last two columns on how funders have made the world of NGOs more fake and flaky. All put most of the onus of these trends on funders, not on the NGOs—big or small—that are pushed along the dimensions of fakeness and flakiness by individual funders and the dangerous momentum in this sector.

Balu Forge Industries, which manufactures crankshafts and forged components, have rallied by over 1300% in the last 2 years. In just the last six months, the stock has delivered impressive multibagger returns of 250%. Last week, it rallied 33%, though it experienced some profit booking in Monday’s session, falling by 1.5%.

lacklustre on Tuesday, August 27, as optimism about the start of the US rate cut cycle was clouded by persisting geopolitical tensions in the Middle East. Benchmark Nifty 50 closed at 25,017.75, up 7 points, or 0.03 per cent, while the Sensex settled 14 points, or 0.02 per cent, up at 81,711.76. However, the mid-and small-cap indices on the BSE rose about half a per cent each, lifting the overall market capitalisation of firms listed on the BSE to a record ₹463 lakh crore.

Leonard Riggio, a brash, self-styled underdog who transformed the publishing industry by building Barnes & Noble into the country’s most powerful bookseller but later saw his company overtaken by the rise of Amazon

Air Canada is offering passengers who have booked flights around the date of a possible pilot strike next month some increased flexibility in rebooking their travel.

Labor Day 2024 in the USA is just days away and millions of Americans will be travelling. Airports, highways, beaches and theme parks are expected to be packed for the long holiday weekend. The Transportation Security Administration anticipates screening more than 17 million people between Thursday and next Wednesday — a record for the Labor Day period. AAA says bookings for domestic travel are running 9 per cent higher than last year for the holiday weekend, while international trips are down 4 per cent. American Airlines plans to have its largest Labor Day weekend operation ever and expects a 14 per cent increase in passengers compared to last year. If you are traveling to get a last blast of summer, here is a rundown of what you need to know.

Tata Technologies through its investment arm Rise Climate Sf Pte Ltd via a block deal. The US-based private equity firm held 9% stake in the company as on June 30, 2024. TPG sold the shares at a price of Rs 1,014.16 per share which was at a discount of 3.2% over Monday closing price of Rs 1,048.65.