Page 30 - Bse

Power Grid acquires project-specific SPV for power evacuation in Rajasthan

Power Grid on Wednesday said it has acquired a project-specific special purpose vehicle for evacuation of power from Bhadla-III power station in Rajasthan. In a BSE filing, Power Grid said it emerged as the successful bidder for the said project after competing with other private sector players in a tariff-based competitive bidding (TBCB) process. "Power Grid has acquired Bhadla-III Power Transmission for establishing the transmission system associated with additional transmission system for evacuation of power from Bhadla-III PS as Part of Rajasthan REZ Phase-III Scheme (20 GW)," it said. The Project is an Inter State Transmission System Project and is to be commissioned in 18 months from the date of transfer of the SPV.

NSE, BSE warn Investors about fake trading apps; Zerodha's Nithin Kamath raises concern on X

Both NSE and BSE have cautioned investors against fake trading app scams. Zerodha co-founder Nithin Kamath also flagged the issue on X. Watch the video to know all about it.

Mahindra & Mahindra in Rs 10.87 crore tax dispute with I-T department

Automaker Mahindra & Mahindra has a sum of Rs 100.63 crore set aside as a contingent liability

Exchanges impose fines on Hindustan Zinc, others for violating norms

Vedanta group firm Hindustan Zinc Ltd (HZL) on Thursday said BSE and NSE have imposed a fine of Rs 5.37 lakh each on the company for non-compliance with Sebi regulation relating to number of independent directors on board. The company said it is making constant efforts and follow-ups are being made with the mines ministry to meet the compliance requirements. "The company has received a notice issued by BSE and NSE dated August 21, 2024, levying fine for non-compliance with Regulation 17(1) of the SEBI Listing Regulations, w.r.t the Composition of Board of Directors relating to number of independent directors," it said in a filing. Further, the requirement of the woman independent director on the company's board has already been fulfilled, it said. At present, there are three independent directors on the company's board.

Edelweiss founders divest stake in Nuvama Wealth Management after demerger

Nuvama Wealth Management was listed on the BSE and NSE in September 2023, following the demerger of Edelweiss Financial Services' wealth management business

In a setback to BSE, Sebi denies relief on payment of regulatory fee

Exchange's board has advised payment of Rs 167 cr of dues after regulator's response to letter seeking a review

Unspent CSR funds hit five-year high of Rs 1,475 crore in FY23, shows data

This data covers all companies listed on the NSE and those exclusively listed on BSE with a market capitalisation exceeding Rs 1,000 crore

Stock Markets closed on Independence Day 2024; trading to resume on Aug 16

Other stock market holidays for the year include Gandhi Jayanti on Oct 2, Diwali on Nov 1, Guru Nanak Jayanti on Nov 15, and Christmas on Dec 25

Q1FY25 results today: Glenmark Pharma among over 400 firms to post earnings

Q1FY25 company results: Cosco India, Bajaj Healthcare, Reliance Infrastructure, and Coffee Day Enterprises will be releasing their quarter results on Aug 14

Stock derivatives now under surveillance norms; FirstCry to debut on Tue

According to grey market players, Unicommerce could list at a 60% premium, while FirstCry at 20%

Zydus Lifesciences Q1FY25 results: Net profit rises 31% to Rs 1,420 cr

Zydus Lifesciences on Friday said its consolidated net profit increased 31 per cent year on year to Rs 1,420 crore in the first quarter ended June 2024 on the back of robust sales. The drug maker had reported a net profit of Rs 1,087 crore in the April-June quarter of last fiscal. Revenue from operations rose to Rs 6,207 crore in the period under review as compared to Rs 5,140 crore in the June quarter of FY24, Zydus Lifesciences said in a statement. "Sustained growth momentum across our businesses along with enhanced profitability drove our strong Q1 performance," Zydus Lifesciences Managing Director Sharvil Patel said. Execution success of company's differentiated pipeline in the US and outperformance of India geography business were particularly noteworthy, he added. "We are on course to achieve our growth aspirations for FY25 and are committed to investing in sustainable growth initiatives and innovative solutions for the future," Patel said. The company said its India sales

Indian stock market outlook: Emkay Global says buy correction for long-term

Emkay Global strategy for Indian stock market: What to invest now? What is the stock market outlook? What is Nifty valuation? Read to find out the stock market strategy amid correction

Black Box seeks $2 bn revenue within 3-4 years: CEO of digital infra firm

US and India biggest growth markets for the company, says Sanjeev Verma

NSE Q1 profit up 39% to Rs 2,567 crore; BSE 3.6x to Rs 265 crore

Doubling of trading turnover boosts revenues, profits for both bourses

BSE Q1 results: PAT surges threefold to Rs 265 cr, revenue at Rs 674 cr

Leading stock exchange BSE on Wednesday reported an over threefold surge in net profit to Rs 265 crore for the quarter ended June 2024. The exchange had posted a net profit of Rs 75 crore in the same quarter of the preceding fiscal, BSE said in a statement. The exchange has recorded its highest-ever quarterly financial performance with a revenue of Rs 674 crore in the April-June quarter in the current financial year FY25 as compared to Rs 271 crore in the year-ago period. "We have finished the first quarter strongly, with every business line contributing to revenue and profitability. This reflects the strength of our proposition, the improvements we have made to our products and the depth of our relationships with customers," BSE MD and CEO Sundararaman Ramamurthy said. The average daily turnover in the equity cash segment for the first quarter of FY25 stood at Rs 9,006 crore as compared to Rs 4,025 crore in the corresponding quarter of the previous year. BSE forayed into the sing

BSE shares rise 6% after Sebi proposes stricter derivatives trading rules

SoftBank-backed SaaS platform Unicommerce eSolutions Ltd will launch its initial public offering (IPO) on August 6.

Mcap of BSE-listed companies jumps to lifetime peak of Rs 462.38 trn

The market capitalisation of BSE-listed companies jumped to a lifetime peak of Rs 462.38 lakh crore on Wednesday helped by a four-day rally in benchmark indices. The 30-share BSE Sensex settled higher by 285.94 points or 0.35 per cent at 81,741.34 -- its all-time closing high. In the last four trading sessions, the BSE benchmark jumped 408.62 points or 0.50 per cent, making investors richer by Rs 5.45 lakh crore. Investors' wealth climbed Rs 5,45,337.02 crore in the past four days to reach a record high of Rs 4,62,38,008.35 crore (USD 5.52 trillion) on Wednesday. "Sebi's crackdown on Futures & Options trade is eminently desirable and can go a long way towards making the ongoing rally healthy and less speculative. "The irrational exuberance of the retail investors, particularly the newbies who entered market after the Covid crash, will do more harm than good to the overall market in the long run," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, ...

BANKEX expiry Friday to boost BSE volumes: Hemang Jani of Finazenn explains

Why is BSE stock up today: BSE share price advanced 8.1 per cent to Rs 2,607.7 per share on the NSE on Wednesday. The rally comes amid market regulator Sebi's new proposals regarding F&O trading

Motilal Oswal maintains buy on Angel One post Sebi's F&O proposals

Not more than 50 strikes would be introduced for an index derivatives contract at the time of contract launch.

India's total market cap touches all-time high of $5.5 trn for first time

India's market capitalisation had closed above $5 trillion on May 24, 2024, as per Bloomberg data