MUMBAI: Finance minister Nirmala Sitharaman on Thursday introduced the Securities Markets Code (SMC) Bill in the Lok Sabha that, among a host of objectives, aims to have a comprehensive legislation that would assign more powers to markets regulator Sebi, decriminalise several violations and expand its board size to 15 members from nine now.It also seeks…
ICICI Prudential Asset Management Company (AMC) made a strong debut at the stock market on Friday, with a premium of 20%. The share is available for trading at both benchmark indices, Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). On NSE, ICICI Prudential AMC stock was trading at 2,605.10, up 5.10 points or…
XRP advanced 4.26% to $1.85 during Wednesday’s session, recovering sharply from early weakness even as overall participation remained muted. News background Underlying sentiment toward XRP received a modest lift after VivoPower announced a partnership with Lean Ventures to acquire Ripple Labs equity, indirectly providing exposure to nearly $1 billion worth of XRP. The joint venture…
NEW DELHI: The India Meteorological Department has issued a red alert for the next 24 hours, warning of dense to very dense fog across large parts of north India, even as air quality in the national capital and surrounding regions remained in the ‘very poor’ to ‘severe’ category on Friday.According to the IMD, very dense…
File photo (Picture credit: AP) TOKYO: The Bank of Japan hiked interest rates to a 30-year high of 0.75 per cent on Friday, the first increase since January, as it said the economy had shown signs of improvement.The unanimous vote to lift the main borrowing rate from 0.5 per cent came hours after official data…
Rupee continued its upward rally against the US dollar on Friday, strengthening past its 90 mark to reach 89.96 against US dollar in early trade. The currency opened at 90.1325 per dollar, up about 0.1% from its previous close of 90.20 against US dollar. This comes after Rupee made a tentative recovery after sliding to…
BENGALURU/MUMBAI: RRP Semiconductor, a BSE-listed company, is suddenly distinguishing itself in the global craze for semiconductors. The company stands out as an anomaly in India’s fast-evolving semiconductor narrative-drawing intense attention not for technological breakthroughs or manufacturing scale, but for its stock price surge that has sharply defied conventional valuation logic. Little known until recently, even…
MUMBAI: US-based private equity firm L Catterton has picked up a minority stake in Haldiram Snacks Food amid a rush among investors to take a bite of India’s growing consumer market. The latest investment in Haldiram’s, known for its wide range of namkeen (snacks), sweets and ready to eat products comes less than a year…
NEW DELHI: Saying that time has come for it to decide on the passive euthanasia plea regarding 31-year-old Harish Rana, who has been in a vegetative state for the last 13 years, Supreme Court on Thursday decided to talk to his parents before it moves further in the matter. Significantly, the secondary report filed by…
Analysts suggest that the market’s short-term trend remains volatile with a weak bias. (AI image) Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in green on Friday on positive global cues. While Nifty50 went above 25,900, BSE Sensex was up around 350 points. At 9:16 AM, Nifty50 was trading at 25,913.10,…
