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Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a team of reporters that turns complex market data into captivating stories. Off the clock, he's a tech geek, always up to date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a team of reporters that turns complex market data into captivating stories. Off the clock, he's a tech geek, always up to date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Sebi is reviewing the framework of "trading plan" -- used by insiders to deal in the shares of their companies as required under the Prohibition of Insider Trading (PIT) Regulations
Sample this: In June 2022, the aggregate profit pool for the top 600 companies was projected to touch Rs. 13.2 trillion for the ongoing financial year 2023-24 (FY24)
The Morgan Stanley Capital International (MSCI) India Index witnessed a sharp drop of over 9 per cent on Friday
Valued at Rs 1.66 trn, RIL arm discovers price at Rs 262 a share
Street estimates range from Rs 150-240 per share for RIL's financial services arm
Shares rise nearly 1% to end at Rs 2,822; from a low of Rs 2,201 in 2023, RIL's stock has added over 28%; gains come ahead of demerger with its financial services arm JioFin
The grey market premium (GMP) for Netweb Technologies, India's largest manufacturer of supercomputing systems, is hovering above 65%
A recent analysis by CLSA shows that "most of Nifty's tops have been at the 2-ppt bond yield-equity yield level"
With the Nifty Bank contracts using Wednesday as the day of expiry, there will be derivatives contracts expiring four days a week
Meanwhile, RIL had reported a consolidated net profit of Rs 66,702 crore and ICICI Bank Rs 34,037 crore in FY23
10 days for single group exposure, 3 months for exceeding Rs. 25,000-cr cap to bring down holdings below thresholds
The total holdings of these 100 FPIs was Rs 1.2 trillion by at March 2023-end quarter; of these, 51 FPIs had all their investments in a single corporate group
IPOs of some of the recent small finance banks (SFBs) have not done so well. However, Utkarsh SFB looks set to buck the trend
The drone developed by the company was featured in the Bollywood blockbuster 3 Idiots in 2009
Benchmarks Sensex and Nifty50 logged fourth straight monthly gain in June, their longest since October 2021
Apple's m-cap is nearly 15 times greater than that of RIL's which is around Rs 17.5 trillion
India's m-cap had first crossed the Rs 100 trillion and Rs 200 trillion milestones in 2014 and 2021, respectively
If the board approves, this will be the third share repurchase by the country's only listed equity bourse since its listing in January 2017
The latest 5,000-point upmove of the index has taken nearly two years
Sebi Chairperson Madhabi Puri Buch recently said that the capital markets regulator has lined up half a dozen initiatives to ensure a more level playing field in the stock exchange space