The Securities and Exchange Board of India (SEBI) has issued an administrative warning letter to the bank for the non-conduct of at least one meeting of the Nomination & Remuneration Committee in FY23 and FY24.
The warning letter will not have any impact on the financial, operational, or other activities of the bank.
The Competition Commission of India (CCI) has approved Hindustan Unilever’s proposal to acquire the beauty and personal care brand Minimalist’s parent company, Uprising Science.
If the Nifty 50 extends its rally in the upcoming sessions, it may face resistance at 22,600-22,700. Sustaining above this zone could open doors for a strong uptrend toward 23,000. However, until the index trades below this zone, the consolidation may continue, with 22,300 acting as support, according to experts….Read More
Oil prices were little changed in early trading on Tuesday as global growth concerns, U.S. tariffs and Russia-Ukraine ceasefire talks offset increased instability in the Middle East that could impact supply.
Brent futures ticked up 10 cents, or 0.14%, to $71.17 a barrel, while U.S. West Texas Intermediate crude futures rose 7 cents, or 0.1%, to $67.65 a barrel.
The U.S. dollar wallowed near a five-month trough against the euro and other major peers on Tuesday as investors grappled with the potential economic impact of growing global trade tensions.
Fears that U.S. President Donald Trump’s aggressive tariff policies could trigger a broader economic slowdown has undermined the greenback amid a string of soggy sentiment surveys.
The dollar was up 0.07% at 149.3 yen after earlier touching a little less than a two-week high of 149.46.
Sterling traded at $1.2985 to hold just under Monday’s high of $1.2999, its strongest since November 7.
The Foreign institutional investors (FIIs) continued remain net sellers in the month of March till now, as they sold equities worth Rs 4,488.45 crore on March 17. However, domestic institutional investors (DIIs) compensated with buying of equities of Rs 6,000.60 crore, on the same day….Read More
Asian stocks rose for a third day, buoyed by advances in Japanese shares and as investors placed fresh bets on Chinese tech companies.
Trends on GIFT Nifty indicate a strong start for the broader index in India, with a gain of 141.50 points or 0.62 percent. The Nifty futures were trading around 22,749.50 level.
Wall Street stocks ended higher and gold held near USD 3,000 per ounce on Monday after mixed economic data and ahead of talks between U.S. President Donald Trump and Russian President Vladimir Putin aimed at ending the Ukraine war.
The Dow Jones Industrial Average rose 353.44 points, or 0.85%, to 41,841.63, the S&P 500 rose 36.18 points, or 0.64%, to 5,675.12 and the Nasdaq Composite rose 54.58 points, or 0.31%, to 17,808.66.
Benchmark indices started the week on strong note, with the Nifty 50 rising 0.5 percent to close above 22,500 on a day of supportive global cues with weak market breadth.
At close, the Sensex was up 341.04 points or 0.46 percent at 74,169.95, and the Nifty was up 111.55 points or 0.50 percent at 22,508.75. BSE Midcap index ended up 0.7 percent and smallcap index ended on a flat note.
Bajaj Finserv, SBI Life Insurance, Dr Reddy’s Labs, Trent, Axis Bank were among the top gainers on the Nifty, while losers included Britannia, Hero MotoCorp, Wipro, BPCL, ITC.
On the sectoral front, auto, bank, metal, power, pharma rose 0.5-1.5 percent, while realty, media were down 0.5 percent each.