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What is stock lending and borrowing & how it works

What is SLB? Securities Lending and Borrowing is a mechanism through which investors can borrow or lend shares to other market participants. The platform provides a viable alternative to derivatives market for purposes of hedging. Borrowers in SLB are usually short-sellers i.e. traders who want to sell shares that they don’t own. Lenders on the other hand are those investors who have bought ... Read More »

Stamp Market Pricing & Technology

We have come to accept that stamp prices have been weak for some time with a general understanding that the Internet is primarily to blame.  While there are other factors affecting prices, advances in technology will continue to be the driving force in philately, which it is for so many other industries.  As with other affected industries, philately must embrace ... Read More »

Market Movers: Govt hikes import duty on 19 items; Fed hikes rates & Aadhaar valid with riders

Here’s a lowdown on top macro triggers that may move market on Thursday. This report was compiled from agency feeds. Aadhaar Valid but With Riders The Supreme Court upheld the constitutional validity of the government’s Aadhaar scheme as pro-poor and inclusionary on Wednesday, but scrapped provisions of the legislation that were seen as enabling surveillance by the state. Aadhaar won’t be ... Read More »

Stock market update: BPCL, HPCL, IOC drag oil & gas index down

Tata Motors, ICICI Bank and Coal India were leading among the Sensex index. NEW DELHI: Losses in BPCLNSE -3.37 % (down 3.07 per cent), HPCLNSE -3.92 % (down 2.48 per cent), Oil India (down 2.45 per cent) and Indian Oil Corporation (IOCNSE -1.56 %) (down 1.85 per cent) were keeping the oil & gas index under pressure during Monday’s trade. The BSE Oil & ... Read More »

Gap and Abercrombie & Fitch slump on unhappy holidays

Shares in two of America’s largest clothing retailers plunged on Friday following disappointing third quarter sales and a downbeat forecast for the crucial holiday shopping season. Gap shares sank by 13.1% after a seventh consecutive quarter of falling revenue and warned that fewer people were visiting stores. Abercrombie & Fitch’s stock fell 13.9% on a poor sales and a weak ... Read More »

Marks & Spencer to cut 500 head office jobs, report claims

Marks & Spencer is to cut 500 head office jobs as the retail company’s chief executive attempts to fight losses, Sky News has reported. M&S is to reportedly jettison roughly 15 per cent of its Paddington offices in London. Shop-floor staff are not expected to be affected. Quoting unnamed sources, Sky News said the cuts would be announced on 8 September, ... Read More »

RBS posts £2bn half-year loss and drops Williams & Glyn flotation

Royal Bank of Scotland has slumped to a £2bn half-year loss after taking a fresh hit for legal disputes, as it admitted costs will have to be cut to tackle the economic impact of the Brexit vote and the dwindling popularity of high street branches. The bank, which is 73% owned by the taxpayer and is on track for its ... Read More »

L&T Finance Group net up 15% on retail & wholesale advances

Leading non-banking lender L&T Finance Holdings on Monday reported a 15 per cent rise in consolidated net profit at Rs 237 crore for the March quarter, driven by retail and wholesale advances. Income from operations grew 19.77 per cent to Rs 1,957.96 crore in the fourth quarter ended March 31, while total disbursements jumped 20 per cent to Rs 10,688 ... Read More »