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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.
Trading in the earlier version of RIL PP shares was suspended on May 11.
All schemes were holding highly illiquid and large portions of low-rated securities. As a result, the fund house had challenges meeting the redemption requests
The deal has split proxy advisory firms, which expressed divergent views on the proposed infusion in PNB Housing
Shares of HDFC Asset Management Company (AMC) rose as much as 3.4 per cent, while those of UTI AMC and Nippon Life India AMC gained about 1.83 per cent and 1.33 per cent, respectively, on Tuesday
Nithin and his brother expected to earn home a salary of up to Rs 100 crore each for running India's largest stock brokerage firm. Nithin's wife to get same salary package as well.
Industry players say biggest impact could be on derivative futures volume followed by cash market volumes
The norms are being implemented in phases starting December 2020
Snapping out of last month's underperformance, the domestic markets delivered returns better than its global peers
Benchmark indices of US, UK, Germany & India have climbed to a new peaks
GEM funds are the prime drivers of flows into emerging markets as they have assets under management of $123 billion
Prices of key raw materials, such as copper, steel and aluminium, are up between 20 and 40 per cent in one year
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