The Securities and Exchange Board of India (SEBI) has directed stock exchanges and other MIIs to implement a uniform and equal charge structure for all members. File | Photo Credit: Reuters Shares of stock broking firms declined on July 2, a day after markets regulator Sebi directed stock exchanges and other market infrastructure institutions (MIIs)…
A Kansas businessman shipped banned avionics equipment to Russia through Armenia, the UAE and other third countries. A French firm falsified documents to help unscrupulous European exporters circumvent sanctions. Despite more than two years of Western punitive measures, Russia is still getting its hands on prohibited goods, with the help of cunning businesses that go…
Investors seem to have shrugged off price rises to put money in sovereign gold bonds (SGBs). Their preference for paper/demat gold is highlighted because 30 per cent of investments in SGB units issued since 2015 were made in FY24. This is despite the issue price of an SGB going up 2.33 times from ₹2,684 per…
Target: ₹2,871 CMP: ₹1,582.15 Neogen Chemicals might seem to be optically trading at very high valuations, however one needs to seriously consider the long runway the stock has to capture in the EV segment. We are of the firm view that Neogen Chemicals will be able to capture a sizeable market share 30 per cent…
Budget 2024: Finance Minister Nirmala Sitharaman will unveil the first Union Budget of the Modi 3.0 government in the third week of July. The upcoming budget is likely to be an extension of the interim budget presented earlier this year in February 2024. In the run-up to the event, the finance minister held several pre-budget…
Two large private lenders – ICICI Bank and Axis Bank — have revised their fixed deposit (FD) interest rates this month. ICICI Bank has revised its fixed deposit interest rates with effect from today i.e., July 2, 2024. The latest rates now range between 3 percent and 7.20 percent for regular citizens and 3.5 percent…
The rupee fell 4 paise to 83.48 against the US dollar on Thursday, June 20, 2024, due to firm American currency and an upward trend in crude oil prices overseas. The local unit resisted the fall amid the unabated inflow of foreign capital but gave in to the pressure due to a muted trend in…
Funds parked by Indian individuals and firms in Swiss banks, including through local branches and other financial institutions, fell sharply by 70% in 2023 to a four-year low of 1.04 billion Swiss Francs (₹9,771 crore), annual data from Switzerland’s central bank showed on Thursday. The decline in aggregate funds of Indian clients with Swiss banks…
For many, the auspicious occasion of Akshaya Tritiya holds great significance to start something new in their life, be it personal or any other new initiative. Purchasing gold on Akshaya Tritiya is believed to bring prosperity, good fortune and is seen as a way to receive the blessings of Goddess Lakshmi. Furthermore, gold has proven…
Target: ₹495 CMP: ₹478.95 Coal India (CIL) posted stable June 2024 performance figures. Production was up 8.8 per cent y-o-y while despatches rose by a mere 5.1 per cent y-o-y. In Q1-FY25, despatches to the power sector grew 4 per cent y-o-y while offtake by the nonregulated sector (NRS) jumped a sharp 16 per cent…
