Kaushiki 
Anil Ambani, the chairman of Reliance Group, is examining “appropriate” options in response to the Securities and Exchange Board of India’s (Sebi) exclusion from the stock market and Rs 25-crore penalties for allegedly diverting funds from Reliance Capital’s former subsidiary Reliance Home Finance (RHFL). A representative for Ambani issued a statement stating that he had … Read more
The opening transactions on Tuesday saw a 5% increase in the share price of multi-bagger GPT Infraprojects. GPT Infraprojects’ stock price increased to ₹192.95, representing gains of more than 5%, after opening at ₹186.85 on the BSE, over 1.7% higher than the previous closing of ₹183.80. Investors have received multi-bagger returns from GPT Infraprojects’ share … Read more
The Securities and Exchange Board of India (SEBI) has given the Bengaluru-based investment management company Capitalmind Financial Services Private Limited preliminary approval to introduce a new mutual fund. A press release from the company stated that this milestone fell in conjunction with the company’s tenth anniversary. “Receiving SEBI’s in-principle approval for a mutual fund is … Read more
The owners of the online payments company Paytm, One 97 Communications Ltd, saw their shares rise more than 3% on Tuesday, August 27, to an intraday high of ₹548 a share on the NSE. This came after the company clarified some media reports about show-cause notices issued by the Securities Exchange Board of India (SEBI). … Read more
To reach its goal of $75 billion in electronics sales by 2030, LG Electronics Inc. is thinking about going public with its India division, capitalising on the country’s thriving stock market. Reviving a decades-old consumer electronics firm is a priority for Chief Executive Officer William Cho, and one of the options being considered is a … Read more
Expectations of increased dividend payouts and strong local demand may be the foundation of an ongoing bull run in India’s oil and gas businesses. With a 31% increase this year, the Nifty Energy Index—a local sector benchmark—is headed for a nine-year winning run. Half of the top 10 performances on the Bloomberg gauge, which tracks … Read more
A drop in the yen’s upward trend encouraged buybacks of shares linked to exports, but Japan’s Nikkei share average fell during early trade on Tuesday as domestic technology firms followed Wall Street’s falls to weigh on the index. For the noon break, the Nikkei was down 0.1% at 38,055.62, while the Topix as a whole … Read more
Wall Street stocks stumbled on Tuesday, while the Dow Jones Industrial Average stayed close to the all-time high it reached the day before. In morning trade, the S&P 500 increased by 0.1%. The Dow Jones Industrial Average dropped by 0.1%, or 18 points. As of 10:34 a.m. Eastern, the Nasdaq increased by 0.1%. Technology stocks … Read more
As US Federal Reserve Chairman Jerome Powell made it apparent that the bank was prepared to lower interest rates as inflation was slowing down, stock markets surged on Friday. The broad-based S&P 500 climbed more than one per cent, and the Nasdaq gained 1.3 per cent, while the Dow was up 476 points, or 1.17 … Read more
As U.S. Federal Reserve Bank Chair Jerome Powell said that interest rate reductions would be one of the central bank’s top priorities in the upcoming months, oil prices increased by more than 1% on Friday. At 9:50 a.m. CDT (1450 GMT), Brent crude futures increased by $1.27, or 1.63%, to $78.49 a barrel, while U.S. … Read more
