The BSE Sensex opened the week on a strong note, climbing 266.74 points or 0.33% to reach 80,768.73 in early Monday trade. A confluence of global and domestic factors including sustained foreign institutional investor (FII) interest, a sharp decline in crude oil prices, and supportive trends from the US markets powered the benchmark index upward. Key …
The Nifty Financial Services Index (Finnifty) started May 2025 with a slight uptick. As of May 5, the index showed a month-to-date gain of 0.20%, indicating stable investor sentiment following strong rallies in March and April. Current Levels and Movements in Finnifty On May 5, Finnifty opened at 26,172.70 and reached a high of 26,287.30 …
On Monday, May 5, 2025, the Indian benchmark index Nifty 50 opened at 24,419.50 and was at 24,519.30, up by 0.71%, as of 10:50 AM. As of the same time, it touched the day’s high so far at 24,526.40. Even Nifty Next 50, Nifty Midcap Select, Nifty Financial Services were in the green. 5 Nifty …
India’s capital market watchdog, the Securities and Exchange Board of India (SEBI), has imposed a total penalty of ₹58.5 crore on four senior officials of Seya Industries Ltd for serious financial misconduct, including the misappropriation of funds and manipulation of financial records. The individuals penalised include the company’s promoter and Chairperson Ashok Rajani, his son …
On Friday, May 2, 2025, the capital market regulator, the Securities and Exchange Board of India (SEBI) on proposed a significant overhaul in the content requirements for Qualified Institutions Placement (QIP) documents, aiming to simplify disclosures by including only information directly relevant to the issue. Currently, QIP issuers must adhere to detailed disclosure requirements as …
Vedanta Resources, led by Indian billionaire Anil Agarwal, is exploring the option of listing its Zambian copper unit to raise funds for a $1 billion investment. The company regained control of Konkola Copper Mines (KCM) in Zambia after a lengthy dispute with the government, as per news reports. Now, Vedanta aims to revitalise the asset …
JioStar, the media powerhouse formed after the Reliance–Disney merger, has reported impressive early milestones across TV and digital platforms, according to news reports. During Reliance Industries’ Q4 earnings call, Kevin Vaz, CEO–Entertainment, revealed that JioStar added 1.5 million TV households in just 10 days of IPL 2025 and expects 3–5 million more by the end …
On Friday, May 2, 2025, Indian stock markets closed the last trading session of the week with small gains. The BSE Sensex rose by 259.75 points, or 0.32%, to settle at 80,501.99 after touching an intraday high of 81,177.93. The NSE Nifty 50 also saw a marginal rise of 12.50 points, or 0.05%, closing at …
India’s central bank, the Reserve Bank of India (RBI), along with the National Payments Corporation of India (NPCI) and the Ministry of Finance, is urging the central government to approve a small transaction fee on Unified Payments Interface (UPI) payments made to large merchants. The proposed fee known as the Merchant Discount Rate (MDR) would …
