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BSE acquires entire equity stake of S&P Dow Jones Indices in Asia Index

Leading stock exchange BSE Ltd on Friday said it has completed the acquisition of S&P Dow Jones Indices' entire equity stake in Asia Index Private Limited (AIPL), making it a wholly-owned subsidiary of the bourse. AIPL was a joint venture between S&P DJI and BSE and is best known for calculating and maintaining the popular index Sensex. In a statement, BSE said AIPL will continue to provide its services to clients who are subscribed to AIPL's indices or data products. "AIPL is committed to improving and expanding its product offerings by working closely with the financial market ecosystem and other relevant stakeholders," it added. In April, index provider S&P Dow Jones Indices announced that it was targeting to sell its entire equity stake in Asia Index by May 31.

Q4 results today: Tata Steel and Emami among 566 firms to post earnings

Q4FY24 company results: Alkem Laboratories, Heritage Foods, Aadhar Housing Finance, and Mazagon Dock Shipbuilder will be releasing their fourth-quarter report on May 29

Timken India promoter pares 6.6% stake for Rs 1,956 cr through open market

Timken Singapore Pte, promoter of bearings-maker Timken India, on Tuesday offloaded a 6.6 per cent stake in the company for Rs 1,956 crore through open market transactions. Axis Mutual Fund (MF), Nippon India MF, UTI MF, HDFC Life Insurance, Morgan Stanley Asia Singapore, BofA Securities Europe SA, Singapore government and Monetary Authority of Singapore were among the buyers of Timken India's shares. Timken Singapore Pte offloaded a total of 50 lakh shares in 17 tranches through separate block deals on the BSE. As per the data, Timken Singapore sold 50 lakh shares, amounting to a 6.6 per cent stake in Bengaluru-based Timken India. The shares were disposed of at an average price of Rs 3,913.35 apiece, taking the deal value to Rs 1,956.67 crore. After the share sale, shareholding of Timken Singapore Pte has reduced to 51.06 per cent from 57.70 per cent in the company. On Tuesday, shares of Timken India rose 2.78 per cent to close at Rs 4,062.80 apiece on the BSE. In June last year

BSE to buy S&P's 50% stake in index joint venture for Rs 30 crore

The exit for S&P Dow Jones Indices from the equal JV is expected to be completed by May 31

Signs of strain: Markets short of breadth, yet benchmarks' pulse quickens

Market fatigue grips as indices forge ahead; declining stocks outpace advancing ones

Stock exchange BSE calls off merger of Gift City unit with rival NSE

Talks fall through over disagreements over the swap ratio

Q4 Results Today: Sun Pharma, Grasim, Nykaa Among 32 Firms to Post Earnings

Company Results Q4 FY24: Jubilant, Ramco Cements, NIIT Learning also anticipated to release fourth quarter earnings on May 22

Market-cap of BSE-listed firms hits $5 trillion; analysts see more upside ahead

The market capitalisation of BSE-listed companies jumped to a lifetime peak of Rs 414.62 trillion ($4.99 billion) on Tuesday by close. It had soared past the $5 trillion mark in intraday deals

Q4 results today: BHEL, NMDC among 115 firms to release earnings on May 21

Company results Q4 FY24: JK Tyre & Industries, Religare Enterprises, and Hitachi Energy India are poised to release the financial report for the fourth quarter today

Q4 results: ONGC, Oil India, SAIL among 83 firms to post earnings today

Q4 FY24 company results: IRFC, Bharat Electronics, India Cements, City Union Bank, and VRL Logistics will are poised to release the financial report for the fourth quarter on May 20

Q4 FY24 results: M&M, GAIL, Vodafone among 94 firms to post earnings today

Q4 FY24 company results: Info Edge, Biocon, JK Paper, Solar Industries, Infibeam Avenues, and many more companies will post their fourth-quarter earnings on May 16

Everything has come together at the right time: BSE MD & CEO Ramamurthy

'Nobody expected the elephant to dance. People had doubts, but I didn't have any doubts. I also didn't expect it (turnaround) to be so fast.'

BSE, NSE to suspend trading of Brightcom Group's stock from June 14

Leading stock exchanges BSE and NSE will suspend trading in Brightcom Group Ltd from June 14 after the firm failed to disclose the financial results for two consecutive quarters that ended in September and December 2023. In two separate circulars, the exchanges said Brightcom Group has not complied with Regulation 33 of Sebi's (Listing Obligations and Disclosure Requirements) norms that deals with submission of financial results for two consecutive quarters, i.e. September 30, 2023 and December 31, 2023. Hence, the trading in securities of Brightcom Group Ltd shall be suspended with effect from June 14, 2024, the exchanges added. The suspension will continue till such time the company complies with the norms. After 15 days of suspension, trading in the shares of non-compliant company would be allowed on a trade-for-trade basis in (Z category) on the first trading day of every week for six months. As per the BSE, freezing of the entire shareholding of the promoter in the non-complia

Financial markets prefer stability, predictability: FM Nirmala Sitharaman

Warns of unchecked explosion in F&O retail trades

Sensex, Nifty indices extend winning run; Vix dips after 13-day rise

Before gaining in the past three sessions, the benchmark Nifty had dropped 3% from its peak following five straight days of losses

Cipla: Timely new launches, India outperformance key for margin gains

Brokerages maintain add/buy rating on the stock

Bharti Airtel Q4 results: Profit drops 31% to Rs 2,072 cr, revenue down 10%

Airtel Q4 FY24 results: The board has recommended a final dividend of Rs 8 per fully paid-up equity share of face value Rs 5 each for the financial year 2023-24

Q4 results: Airtel, Siemens, PVR Inox among 97 firms to post earnings today

Q4 FY24 results: Patanjali Foods, Zydus Wellness, Bajaj Electrical, Colgate-Palmolive too will release their fourth quarter results

NSE shares soar nearly 30% in unlisted market after bonus and dividend

Shares gaining investor interest post robust results, dividend of Rs 90 per share

Sebi cracks whip on second SME, bars promoter for diverting IPO funds

The second action against SMEs within a week for manipulation, issues caution to retail investors