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 …
Indian benchmark indices ended on a positive note on Thursday, May 2, 2025, rebounding after a mixed session earlier in the week. After a marginal dip on April 30, market sentiment improved amid firm global cues and sustained buying interest across sectors. The BSE Sensex climbed 259.75 points (0.32%) to close at 80,501.99, while the …
In its latest report titled “Global Macro Update: Seismic Shift In US Trade Policy Will Slow World Growth,” S&P Global Ratings has revised India’s GDP growth forecast for FY2025-26 from 6.5% to 6.3%. The downgrade of 20 basis points stems from escalating uncertainty over US tariff policies and the broader repercussions these may have on …
