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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 total assets under custody (AUC) from Mauritius declined nearly 42 per cent to Rs 3.25 trillion at the end of March 2023, from Rs 5.55 trillion a year ago.
Adani Enterprises and Adani Ports-both part of the benchmark Nifty 50 index-saw the highest increase in number of shareholders, mainly individual investors
Lukewarm response from corporate houses forces bourse to put NSE Prime on back burner
Markets remained volatile during the month amid the banking crisis in the developed world, boosting trading activity
Number of IPOs happening in India probably equal to aggregate everywhere else combined, says Australia-headquartered firm
Listing and value unlocking to be the key event for RIL's stock price, says Nomura
Banking stocks outperformed in the just-concluded financial year (2022-23), with the sectoral gauge gaining 12 per cent, against a 0.6 per cent decline in the benchmark National Stock Exchange Nifty
The IPO activity was sporadic in FY23, with 25 of the 37 IPOs taking place in just three months
If the Nifty finishes in the red for the month, this will be the first time in over two decades that the index has fallen for four straight months
Board approves ASBA-like facility for secondary market, sponsor-less AMCs
An analysis shows the average return divergence between these two sectors during the past decade has been 37%
The last time India's m-cap had slipped below $3 trn was last June; at the peak, the m-cap stood at nearly $3.67 trillion in January 2022. Current m-cap is 18 per cent below the peak
Since debt MFs will now be on a par with AIFs on the taxation front, the returns on each will only be a function of yields
The gauge for the performance of banking stocks - which also happens to have the highest weighting in the benchmark Nifty50 Index - last closed at 39,395
Analysts said the disinvestment in HAL will help the stock enter the MSCI India index during its quarterly rebalancing in May
Adani-Hindenburg saga may be discussed
Fed Chair Jerome Powell last night said "rate cuts are not in our base case" for the remainder of 2023
While the Fed has been steadfast in its objective of curtailing inflation, focus has now shifted to maintaining a balance between bringing down inflation and avoiding financial instability
Industry players see better synergies at India units of Swiss banking giants
Bourse says action 'non-discretionary, pre-announced'