In a key turn of events for the Indian and global market, the Securities Exchange Board of India (SEBI) banned Future Group founder and CEO Kishore Biyani from accessing the securities for one year. Why has this happened, and what are the repercussions? Let’s find out. Why the ban? The move is a result of …
Global stock markets have been on a sustained bull run in spite of the shadow of the coronavirus pandemic that has entered second waves in many regions. Indian stocks too have continued their bull run ever since the Union Budget was announced. The Sensex and Nifty, India’s benchmark indices opened Friday on record levels, at …
After a steep 4-day dip, gold prices continued to struggle today as well. Gold futures on MCX rose 0.3% to Rs 46,857/ 10 grams, whereas silver rose 0.6% to Rs 67,239/kg. In the last session, gold had dropped Rs 1000 or 2%/10 grams while silver had dropped Rs 1500 or 2.1%/kg. The precious yellow metal …
At the beginning of February 2021 itself, India set a record for crossing the 60 lakh figure for the Covid-19 vaccine administration in 24 days, the fastest in the world. Although 9,110 new Covid cases have been reported in recent days, the number was lower than that of recoveries (14,016). This amounted to the total number …
The Future-Reliance deal came under a shroud of doubts after Amazon’s insider trade allegation on Future Group. In a letter written to the Indian market regulator SEBI, Amazon urged the market watchdog to probe insider trading possibilities in Reliance-Future Group deal. Amazon alleged that Future had disclosed price sensitive information to Reliance Retail regarding an …
In a recent trend, foreign portfolio investors are investing in the emerging economies rather than the developed economies and pumped in Rs 62,951 crores in November in the Indian market, the highest monthly FII inflow in 2020. National Securities Depository Limited (NSDL) published a report that marked foreign portfolio investors as the principal investor category …
Dent caused by the pandemic is showing in the company’s stock performance. ITC reported YOY decline in its profit during the June quarter report. Global decline in cigarette sales has also impacted the performance of stocks, which remained an underperformer for the last few months. However, last week, giving much relief to the investors, ITC …
Axis Bank QIP shares will hit the market – announced the bank on Tuesday, August 4. In its annual general meeting on July 31, the bank sought approval from its shareholders to raise funds from the market, the QIP shares are declared after that. Apart from this, Axis also has plans to haul Rs 15,000 crore …
Subscription for the sixth and the final instalment of the sovereign gold bond scheme will begin on August 31. This year, the government of India announced to issue gold bonds in six tranches during the initial six months of the year, of which allotment of the first five tranches is have concluded. It is the …
Adani Ports and SEZ has announced the issuance of non-convertible debentures (NCDs) for the third time in this year to raise funds through debt instruments. In between 2019 and 2020, Adani Ports have already raised over $4 billion through debt tools across its businesses. The company is looking to elongate its debt tenure and reduce …
