Finance

DLF shares trim early gains; up nearly 2% at close

Mumbai: Shares of DLF on Wednesday trimmed its early gains on profit-booking and closed the day with nearly 2 percent gains in an overall sluggish stock market. After rising 4.53 percent to Rs 125.60 in intra-day trade as the company reported 21 percent rise in consolidated net profit for the quarter ended September 30, the stock later gave up some ... Read More »

Nifty erases early gains, ends 21 points down

Mumbai: The market erased most of its early gains during fag-end profit-booking Wednesday as the benchmark Nifty ended down by 20.50 points to conclude at 8,040.20 at the National Stock Exchange (NSE). Earlier, the key index opened higher and remained in positive terrain for most part of the session amid firm Asian cues and data by Nikkei business PMI index ... Read More »

LIC-Nomura MF expects G-Sec ETF AUM to touch Rs 1K-cr in 1 year

Mumbai: LIC Nomura Mutual Fund is looking at garnering Rs 1,000 crore of assets from its G-Sec ETF, launched last December, over the next one year. LIC-Nomura MF was the first AMC to get Sebi approval and launched the open-ended G-Sec ETF last December. SBI MF and Reliance AMC are planning to come out with similar products but are yet ... Read More »

SEBI comes out with biz responsibility disclosure format

New Delhi: Coming out with the format for business responsibility report, capital markets watchdog SEBI Wednesday asked listed firms to disclose sexual harassment complaints as well as details about their compliance with various social and governance requirements. The business responsibility reports (BRR) are mandatory for top 100-listed entities based on market capitalisation at BSE and NSE. According to SEBI regulation, ... Read More »

Nestle shares up nearly 4% intra-day; end marginally higher

Mumbai: Shares of Nestle India on Wednesday rose by nearly 4 percent in intra-day trade after the company said it will restart the sale of its popular Maggi noodles later this month as government-approved laboratories have found freshly manufactured batches of the product safe for consumption. The stock climbed 3.92 percent to Rs 6,479 intra-day and finally settled with a ... Read More »

Sensex down 101 points in early trade on extensive selling

Mumbai: Extending its fall for the second session, the benchmark BSE Sensex fell by another 101 points to trade at 26,451 in early trade today on widespread losses on sustained selling by cautious investors ahead of the Bihar elections result. The 30-share barometer, which had lost 37.67 points yesterday, fell further by 101.82 points, or 0.38 percent, to 26,451.10. Also, ... Read More »

IDR: SEBI comes out with shareholding disclosure format

New Delhi: Listed companies issuing Indian Depository Receipt (IDR) will have to make disclosures about details of such shareholding within 15 days at the end of every quarter in a format specified, said SEBI. The disclosures need to be made in a format specified by the markets regulator. IDRs are instruments denominated in rupees which allow overseas companies to raise ... Read More »

Bank of Baroda cuts bulk deposits rates by upto 0.60%

New Delhi: Public-sector lender Bank of Baroda (BOB) has trimmed rate of interest, payable on bulk deposits of Rs 1 crore and above across maturities, by 0.25-0.60 percent. “It has been decided to revise the rates of interest payable on domestic term deposits including NRE across maturities for Rs 1 crore and above,” the bank said in a regulatory filing. ... Read More »

Rupee rises 15 paise at 65.49 against USD

Mumbai: Snapping its two-day losing streak, the rupee recovered by 15 paise at 65.49 against the US dollar Wednesday on fresh selling of the American currency by banks and exporters despite a higher greenback in overseas markets. The domestic currency opened higher at 65.56 as against yesterday’s closing level of 65.64 at the Interbank Foreign Exchange (Forex) market and firmed ... Read More »

Bank of Baroda scam: DRI tells FIU to red-flag multiple forex transactions

New Delhi: The Financial Intelligence Unit (FIU) has been asked to widen parameters for generating red-flag indicators by including multiple transactions of smaller amounts to check fraudulent forex remittance. At present, FIU generates a Suspicious Transaction Report (STR) on a transaction of Rs 10 lakh and above, believed to be proceeds of black money. The move comes amid a multi-agency ... Read More »