Experts Financial News

The Bank of England says it will make an assessment next year about the risks posed by artificial intelligence and machine learning

All-wheel drive is great

China has intensified a crackdown on online scams operated in border areas of Myanmar

Western officials say sanctions against Russia’s billionaires are meant to isolate President Vladimir Putin, choke off support for his war and turn powerful business allies against him

₹1.29 trillion for FY24. In the first batch of supplementary demand for grants, the government sought approval to spend a net ₹583.78 billion in the current fiscal, which involves a cash outgo.

On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. Here's how you can check the status on BSE: Step 1: Visit the BSE Website Step 2: Please select the issue name, that is the company's name in the drop-down list. Step 3: Enter the application number or PAN number to check the allotment status. The allotment status can also be checked by visiting the official website of the registrar to the issue which is Bigshare Services in this case. Step 1: Visit the IPO Allotment Status page on Bigshare Services website Step 2: Select IPO from the dropdown Step 3: Put Application No. and enter captcha and 'Submit'. The IPO of Net Avenue Technologies was subscribed over 500 times.

Sebi has barred two individuals from the securities markets for two years and ordered them to return Rs 82.5 lakh collected from investors through unregistered investment advice services. Also, they have been restrained from associating as directors or key managerial personnel with any listed public company for two years.

PM Kisan Scheme beneficiaries must complete e-KYC and link their bank account to Aadhaar to directly receive benefits in their bank accounts. It was noticed in a question put to the government in the Lok Sabha that nearly 2.4 lakh farmers enrolled under the PM Kisan scheme are not getting the benefits of this scheme because they are unable to link their Aadhaar Card with Bank Accounts. PM Kisan 16th installment: When will beneficiaries receive next installment amount? As per the government’s reply: Under PM-KISAN, the condition of Aadhaar seeded bank account is mandatory from 13th instalment to ensure that benefits are transferred only to intended beneficiary’s bank account. Further, transferring the benefits in the Aadhaar seeded bank accounts of beneficiaries has inherent advantage in their favor as in case of change of bank accounts, beneficiaries are not required to travel back to the Department to update the same. In order to saturate the Aadhaar seeding of the bank accounts, the beneficiaries are contacted by the State/UT Governments for completing their Aadhaar seeding with their active bank accounts. The Central Government also sends one to one messages to such farmers for taking necessary actions so that benefits can be transferred to them without any hassle.

Amid delay in the launch of the battery swapping policy Union minister for road transport and highways Nitin Gadkari on Tuesday said that NITI Aayog is talking to all stakeholders on the draft policy to ensure that it is prudent and does not impact technological innovation. In a written reply to a question in the Rajya Sabha, the minister said that electric vehicle battery ecosystem is a complex domain involving variety of technologies which are still evolving.

Vishal Thakkar, Deputy CFO, Anupam Rasayan, says “there has been a bit of a blip for a few quarters. We might see it for a quarter or two more and then we should be back on the growth path, that is what I think we are seeing as an industry. For Anupam also, we have been fairly flattish to little on the upside as far as growth is concerned. Probably, this quarter also will be kind of similar and in Q4 of this financial year, we should start seeing the growth back in our journey as well.” What is your overall outlook on the chemical sector as a whole because I understand there are some concerns right now with respect to destocking that could end soon. There has been high competition due to the recovery in China and the China oversupply impacting a lot of branded and generic sales. Can you give us a round up? The industry has been seeing a bit of headwinds, especially regarding the destocking issue. Yes, the channels had a little bit more inventory than what the market was comfortable with and the industry is unwinding it and that is pushing the demand for the backstream guys a little further for a few quarters. China is coming in and that also is increasing the market supply and reducing the demand for the industry.

Further, the bank has announced a new slab offering 7.75% annual interest on deposits over Rs 5 crore. This will fetch more returns to institutional customers and HNIs, stated the press release. Up to 9% FD interest rate: Which bank offers highest fixed deposit rate for 2-3 year tenure Unity Bank now pays 6.00% per annum interest on deposits up to Rs. 1 lakh and 7.00% p.a. interest on balances between Rs. 1 lakh and Rs. 5 crore. Interest is paid each month.

Shares of Godrej Properties Ltd.(up 1.53 per cent), Oberoi Realty Ltd.(up 1.41 per cent) and DLF Ltd.(up 0.43 per cent) ended the day as top gainers in the pack. On the other hand, Brigade Enterprises Ltd.(down 2.77 per cent), Sobha Ltd.(down 2.02 per cent), Phoenix Mills Ltd.(down 1.57 per cent), Macrotech Developers Ltd.(down 1.31 per cent) and Mahindra Lifespace Developers Ltd.(down 0.87 per cent) finished as the top losers of the day.

Rashtriya Chemicals & Fertilizers(up 12.63%), Madras Fertlizers(up 11.65%), Fertilizers & Chemicals Tranvancore(up 10.00%), Chambal Fertilisers & Chemicals(up 7.16%), National Fertilizer(up 6.94%), Aries Agro(up 6.52%), G S F C(up 5.01%), Deepak Fertilizers & Petrochemicals(up 4.96%), Nagarjuna Fertilizers & Chem(up 4.68%) and Khaitan Chemicals & Fertilizers(up 3.70%) stood among the top gainers. Madhya Bharat Agro Products(down 1.39%) and Krishana Phoschem(down 0.34%) were among the top losers of the day.

Domestic benchmark index NSE Nifty ended 82.6 points up at 20937.7, while the BSE Sensex closed 357.59 points up at 69653.73. On the other hand, Robust Hotels, BCL Industries, Rashtriya Chemicals, Madras Fert and Veranda Learning Sol stocks hit their fresh 52-week highs today.

Gautam Adani has proved to be a windfall for emerging-market investor Rajiv Jain, just nine months after his firm GQG Partners Inc. bought into the Indian conglomerate. The combined market value of the 10 companies controlled by the Ahmedabad-headquartered Adani Group has increased by more than $79 billion since the purchase by GQG on March 2.

Shares of IDFC First Bank Ltd.(up 1.28 per cent), Punjab National Bank(up 0.52 per cent), HDFC Bank Ltd.(up 0.25 per cent) and State Bank of India(up 0.03 per cent) ended the day as top gainers in the pack. On the other hand, Au Small Finance Bank Ltd.(down 1.76 per cent), Axis Bank Ltd.(down 1.05 per cent), ICICI Bank Ltd.(down 1.0 per cent), Federal Bank Ltd.(down 0.89 per cent) and Bandhan Bank Ltd.(down 0.62 per cent) finished as the top losers of the day.

Benchmark NSE Nifty closed 82.6 points up at 20937.7 amid buying in frontline bluechip counters. However, stocks such as Embassy Office, Flair Writing Indust, Raj Rayon, SEL Manufact and Winsome Yarns, touched their fresh 52-week lows.

Shares of L&T Technology Services Ltd.(up 3.92 per cent), Wipro Ltd.(up 3.56 per cent), LTIMindtree Ltd.(up 2.77 per cent), Tata Consultancy Services Ltd.(up 2.05 per cent) and MphasiS Ltd.(up 1.72 per cent) ended the day as top gainers in the pack. On the other hand, Persistent Systems Ltd.(down 0.69 per cent) finished as the top losers of the day.

The NSE Nifty index ended the session 82.6 points up at 20937.7, while BSE Sensex rose 357.59 points to 69653.73. In the Nifty index, Wipro Ltd.(up 3.56 per cent), LTIMindtree Ltd.(up 2.77 per cent), ITC Ltd.(up 2.55 per cent), Larsen & Toubro Ltd.(up 2.32 per cent) and Tata Consultancy Services Ltd.(up 2.05 per cent) stood among the top gainers.

rupee ended stronger on Wednesday, aided by equity-related inflows even as sustained dollar demand from local oil companies ate into some of its gains. The rupee ended at 83.3250 against the U.S. dollar, stronger than its close at 83.3825 in the previous session. Inflows helped the rupee climb to an intraday high of 83.30 but «at lower levels (on USD/INR), dollar demand continues to emerge,» Dilip Parmar, a foreign exchange research analyst at HDFC Securities, said. Oil companies were seen bidding for dollars through the session on Wednesday while other importers also bought the greenback when the rupee ticked up to 83.30-83.31, a foreign exchange trader at a foreign bank said. The dollar index was steady at 103.96 while most Asian currencies were rangebound. The 10-year U.S.

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