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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.
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
Both RIL's and TCS' free-float m-caps are lower compared to HDFC Bank's
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
On the surface, it appears that the US markets have done exceedingly well. However, a deeper analysis reveals the gains in the domestic market to be more well-spread
Market players said the high demand was on optimism that both the issues will generate a huge listing day pop
Domestic inflows since March have been relatively unassuming, at Rs 28,000 crore
The move will help free up capital early and encourage more investors to participate
Jury is still out on how soon index will top 20k; market has overshot and undershot valuations before. If strong momentum in FPI flows sustains, getting to 20k may not be long, believe analysts
The National Stock Exchange Nifty50 gained 126 points, or 0.7 per cent, to close at 18,817
A turnaround in foreign flows has helped domestic markets exceed the all-time highs chalked up in December 2022 and rebound more than 10 per cent from this year's lows
Off the back of superior economic growth, EMs and the Indian capital market are expected to grow in stature over the decades to come