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Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning 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 dynamic team of reporters, turning 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.
The Nifty Financial Services index is up 8.1 per cent on a year-to-date basis. In comparison, the Nifty50 index has gained 9.7 per cent
'The widening gap between stretched asset prices relative to prospects for recovery in real economic activity emerged as a global policy concern,' RBI said in a note
This is on account of a change in weighting of its components
Certain initial public offers may only be for institutional investors
Technical analysts say the Nifty looks set to log new life-time highs
Industry players say the move will help the Rs 4.4-trillion AIF industry as the current allowance in many cases was getting fully utilised
ICICI Securities says impact of GDP weakness felt more by unorganised sector
The tribunal allows the exchange to use Rs 6,000 cr parked in an escrow
Experts say Sebi's move to extend the deadline is a welcome step
The regulator said the new regulation will ensure ease of reference and language and also remove redundancies
The index had previously closed above the psychologically-important level on March 12
According to data compiled by Prime Database, a firm tracking IPOs, 12 companies looking to raise a cumulative Rs 22,230 crore ($3 billion) have filed their offer documents so far this month
The rationale behind replacing the concept of "promoter" with "person in control" is to absolve entities, which, in reality, don't have any control over a company
Three Adani group among six stocks added to the Global Standard Index
On YTD basis, BSE benchmark is up 1.97%, while Nifty has gained 5.11%
Last week, Bloomberg reported that Mitsui was teaming up with private equity players to make an $11-billion bid for IHH
Commodity and Adani companies dominate entries so far this year
Recommends creation of capacity building fund of Rs 100 cr
Meanwhile, hospitals, cements and metal companies have seen further upgrades in their FY22 earnings estimate
Analysts advice investors to make switch to fully-paid shares