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Zomato faces Rs 11.81 crore GST demand and penalty order, plans to appeal

Facing a GST demand for export services to subsidiaries from July 2017 to March 2021, Zomato plans to challenge the Rs 11.81 crore penalty and demand in appellate court

Vodafone Idea FPO subscribed 26%; BSE warns investors against fake videos

Specialty chemicals company Kronox Lab Sciences has received Sebi's go-ahead to raise funds through an initial public offering (IPO), an update with the capital markets regulator showed on Thursday

Stock exchange to administer and supervise research analysts: Sebi

Enlistment with stock exchange may become mandatory

After NSE, BSE cautions against fake video of its chief recommending stocks

After the National Stock Exchange (NSE), rival bourse BSE on Thursday cautioned investors against deepfake videos of its MD and CEO Sundararaman Ramamurthy giving stock recommendations. In a statement, the exchange said it has noticed some fake, unauthorized and fraudulent videos and audios created through innovative and ingenious technology impersonating the BSE's top honcho are being circulated on social media recommending certain investments and advisory in stocks. In fact, BSE said its managing director and chief executive officer does not initiate or endorse any such communication through Facebook or any other social media platform. Also, the exchange asked investors not to trust such videos and audios and not to follow fake recommendations or unsolicited communication circulated through deceptive means impersonating Ramamurthy. Further, the exchange said it will initiate all possible steps to prevent misrepresentation by unknown elements. "In the meantime, investors/public a

West Asia conflict, foreign fund outflows drag mkts lower from record peaks

Hotter-than-expected US inflation data fuelled concerns that the Federal Reserve will hold back on delivering the cuts to interest rates

Stock market to remain closed today: BSE, NSE to remain shut on Ram Navami

The Multi Commodity Exchange of India Limited (MCX) and Commodity Derivative Segment will be closed in the morning but open in the evening

NaBFID posts net profit of Rs 1,601 cr in FY24; loans stood at Rs 35,342 cr

Considering FY24 being the first full year of business operations, the Board advised that the income be continued to be accumulated as reserves to augment capital growth

Power Grid Corp bags 3 transmission projects under competitive bidding

The three projects would help evacuate power from renewable energy projects in Rajasthan and Gujarat, the company said in a BSE filing

Nifty futures decline as investors reduce their bets on rate cuts

Meanwhile, Brent crude declined and was trading at $91.4 as traders monitored potential attacks on Israel by Iran or its proxies, which could significantly escalate hostilities in the Middle East

Milestone march: Sensex makes pit stop at 75,000, ends in the red

Ends in red amid profit-booking as investors await Q4 results

BSE, NSE declare May 20 as trading holiday on account of polling in Mumbai

India will elect a new parliament in seven phases between April 19 and June 1. Votes will be counted on June 4

NSE to introduce 4 new indices in capital market and F&O segment from today

The four new indices are Nifty Tata Group 25 per cent Cap, Nifty 500 Multicap India Manufacturing 50:30:20, Nifty 500 Multicap Infrastructure 50:30:20, and Nifty MidSmall Healthcare

Earnings of India's top 500 companies growing faster than US peers'

BSE500 companies' combined revenue growth, however, lagged S&P 500 firms' during trailing 12 months ended Dec 2023

Stock markets closed for trading today on account of Good Friday

The holiday-shortened week witnessed only three days of trading as the equity markets were also closed on Monday, March 25, on account of Holi

Warburg Pincus exits IDFC First Bank, sells entire stake for Rs 1,195 cr

Private equity major Warburg Pincus on Thursday sold its entire 2.25 per cent stake in private sector lender IDFC First Bank for Rs 1,195 crore through an open market transaction. Warburg Pincus offloaded the shares of IDFC First Bank through its affiliate Cloverdell Investment Ltd on the BSE. According to the bulk deal data available with the BSE, Cloverdell Investment sold more than 15.88 crore shares of IDFC First Bank. The shares were disposed of at an average price of Rs 75.24 apiece, taking the deal size to Rs 1,195.21 crore. As of December 2023, Warburg Pincus through its affiliate holds a 2.25 per cent stake in Mumbai-headquarted IDFC First Bank, shareholding data showed with the BSE. Details of the buyers of shares could not be ascertained. On Thursday, shares of IDFC First Bank plunged 3.11 per cent to close at Rs 75.39 apiece on the BSE. In January, IDFC First Bank reported an 18 per cent growth in net profit to Rs 716 crore in the third quarter ended December 31, 202

BSE announces 25 stocks eligible for T+0 settlement cycle from Thursday

Among stocks eligible for the T+0 settlement cycle are Ambuja Cements, Ashok Leyland, Bank of Baroda, Cipla,

US Fed decision powers 540-pt rally in Sensex; broader indices jump over 2%

Stock market highlights on March 21: In the broader markets, the rebound was steeper with the BSE MidCap and SmallCap indices closing 2.3 per cent and 2 per cent higher, respectively

Aditya Birla Sun Life AMC promoters sell 11.5% stake; shares fall 3.3%

The Aditya Birla Group, which holds 50 per cent stake in the AMC, offloaded 5 per cent, while Sun Life, which has 36.48 per cent, sold 6.47 per cent stake

Stock exchanges impose fines on Dish TV over board irregularities

Leading bourses BSE and National Stock Exchange have again imposed penalties on DTH operator Dish TV over composition and lack of quorum for its Board meeting, according to a regulatory filing by the company. The company has again received notices, imposing fines on February 22, 2024, said Dish TV on Friday. The stock exchange notices, in which NSE and BSE both separately imposed a total penalty of Rs 4.26 lakh, were placed before the Board of the company, which met on Friday. "National Stock Exchange of India Limited and BSE Lt had issued notices dated February 22, 2024, to the Company in respect of Noncompliance with the requirements pertaining to the composition of the Board for the quarter ended December 31, 2023, and constitution of Audit Committee & Stakeholder Relationship Committee for the quarter ended September 30, 2023," it said. Stock exchanges "have imposed fines on the Company for the said non-compliances" with regulations 17(1), 18(1) and 20 of the SEBI Listing ...

Investors become richer by Rs 7.81 trillion as stock markets rebound

With equities staging a smart comeback a day after registering a steep fall, investors' wealth jumped by Rs 7.81 lakh crore on Thursday. The 30-share BSE Sensex climbed 335.39 points or 0.46 per cent to settle at 73,097.28. During the day, it jumped 602.41 points or 0.82 per cent to 73,364.30. The market capitalisation of BSE-listed companies went up by Rs 7,81,631.24 crore to Rs 3,79,98,233.91 crore (USD 4.59 trillion). The BSE benchmark index tanked 906.07 points, or 1.23 per cent, to settle at 72,761.89 on Wednesday. The Nifty plummeted 338 points, or 1.51 per cent, to 21,997.70. "Short-covering provided the much-needed fillip after Wednesday's crash, as key indices rose sharply after early weakness but quickly rebounded thereafter. Sharp gains in the US Dow Futures indicating a positive start also buoyed the local market sentiment. Recovery in mid and smallcap stocks shows that money is waiting on the sidelines to enter the market post healthy correction," Prashanth Tapse, Seni