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BSE postpones removal of Jio Financial Services from indices to August 29

BSE's circular said that if JFSL continues to hit the lower circuit in the next two days, the removal date will be deferred by another three days

Jio Financial Services set to be listed on stock exchanges on August 21

BSE said the scrip would be in the Trade-for-Trade segment for 10 trading days and will trade from this Monday with the symbol of JIOFIN

Authum Investment picks up 1.9% stake in DB Realty for Rs 100 crore

Authum Investment and Infrastructure Ltd on Thursday picked up a 1.9 per cent stake in real estate developer DB Realty for Rs 100 crore through open market transactions. Following the stake purchase by Authum, DB Realty shares zoomed 11.84 per cent to close at Rs 135.10 apiece on the NSE and bounced 11.11 per cent to settle at Rs 134.45 per share on the BSE. According to the bulk deal data available with the BSE and NSE, Authum Investment and Infrastructure bought 40 lakh shares each on both the bourses in four tranches, amounting to a 1.9 per cent stake in DB Realty. The shares were acquired in the range of Rs 123-127 apiece on the NSE and BSE, taking the combined transaction value to Rs 100 crore. Meanwhile, two individuals -- Abhay Shyamsunder Chandak and Aditya S Chandak -- offloaded a total of 80 lakh shares of DB Realty on NSE and BSE at the same price. Authum Investment and Infrastructure Ltd is a BSE-listed and registered NBFC in the business of investment in shares and ..

Sebi proposes alternate mechanism to delist shares from stock exchanges

In addition, SEBI suggested a framework for companies that have shares held by investment-holding companies

Sebi slaps Rs 35 lakh penalties on 7 entities for non-genuine trades

Capital market regulator Sebi has slapped penalties totalling Rs 35 lakh on seven entities for indulging in non-genuine trades in the illiquid stock options segment on BSE. In seven separate orders on Thursday, the regulator imposed a fine of Rs 5 lakh each on Dilip Kumar Kedia-HUF, Appu Marketing and Manufacturing (now known as Ejecta Marketing Ltd), Meena Agarwal, City Gold Media Ltd, Competent Finlease, Sanjiv Kumar Agarwal and Shah Dhaval Surendrabhai-HUF. The orders came after Sebi had observed large-scale reversal trades in the illiquid stock options segment on BSE, leading to artificial volumes on the exchange. Thereafter, it conducted an investigation into the trading activities of certain entities engaged in the segment from April 2014 to September 2015. The seven entities that have been fined on Thursday were among those who indulged in the execution of reversal trades. Reversal trades are alleged to be non-genuine in nature as they are executed in the normal course of .

Kalpataru Projects International profit rises over 28% to Rs 113 cr in Q1

Kalpataru Projects International on Friday said it posted over 28 per cent rise in consolidated net profit at Rs 113 crore in the June quarter mainly on the back of higher revenues. The company had reported a consolidated net profit of Rs 88 crore in the year-ago quarter, a BSE filing showed. Total income of the company rose to Rs 4,259 crore in the first quarter of the current fiscal from Rs 3,691 crore a year ago. The board also approved the proposal for issuing secured/unsecured redeemable non-convertible debentures of up to Rs 300 crore by the company in one or more tranches. "We have delivered another quarter of strong performance with notable growth in revenue, profitability and order book. We continue to deliver resilient and competitive performance while improving our consolidated EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) margin by 40 basis points to reach nine per cent for Q1 (June quarter)," Manish Mohnot, managing director and chief executiv

Stock exchange BSE reports 71% surge in profit to Rs 75 crore in Q1

Leading stock exchange BSE on Wednesday reported a 71 per cent jump in net profit at Rs 75.1 crore for the June quarter. The exchange had posted a net profit of Rs 44 crore in the same period of the preceding fiscal, BSE said in a statement. Its total revenues rose 37 per cent to Rs 271.2 crore in the first quarter of the ongoing fiscal from Rs 197.7 crore in the corresponding quarter of the previous year. BSE's average daily turnover in the equity cash segment stood at Rs 4,025 crore in the June quarter, marginally down from Rs 4,057 crore in the year-ago period. The average daily turnover in currency futures was Rs 13,800 crore in the quarter under review, down 20 per cent from the year-ago period. The exchange's relaunched Sensex and Bankex derivatives registered an average daily turnover of Rs 62,307 crore between May 15 and June 30. During the June quarter, the BSE platform has enabled issuers to raise Rs 4.4 lakh crore through issue of equity bonds, commercial papers, munic

Promoter pledging rises marginally to 1.36% in June quarter, shows data

Among the Nifty 50 components, highest promoter pledges were seen in Apollo Hospitals (16.3%), Asian Paints (7.3%), IndusInd Bank (45.5%) and JSW Steel (15%)

Equity markets settle higher for 2nd day, unfazed by global trends

The 30-share BSE Sensex climbed 232.23 points or 0.35 per cent to settle at 65,953.48. During the day, it jumped 346.65 points or 0.52 per cent to 66,067.90

NSE, BSE clarify on ODR platform rollout; say due process followed

Leading stock exchanges BSE and NSE on Monday said that due process has been followed in rolling out the Online Dispute Resolution (ODR) platform. A joint statement came after certain reports in the media raised issues relating to the Online Dispute Resolution mechanism rolled out recently in the securities market. Clarifying the process adopted in the implementation of the ODR mechanism, the exchanges said that MIIs (market infrastructure institutions) followed the due process for the selection of vendors, which included formulating the scope for development of the ODR Portal, seeking proposals from multiple entities and final selection based on technical and commercial dimensions. The exchanges, further, said that capital markets regulator Sebi did not play any role in this process of vendor selection. A working group was formed comprising exchanges, depositories, ODR institutions, and Agami, a non-profit company, to formulate and operationalise the ODR mechanism following the .

Two entities buy footwear co Campus Activewear shares worth Rs 124 crore

Societe Generale and ICICI Prudential Life Insurance Company on Wednesday bought shares of athleisure footwear company Campus Activewear for Rs 124 crore through open market transactions. According to the bulk deal data available with the NSE and BSE, ICICI Prudential Life Insurance acquired 25 lakh shares and Societe Generale bought more than 17.14 lakh shares, amounting to 0.82 per cent and 0.56 per cent stake, respectively, in the company. The shares were acquired at an average price of Rs 295 apiece on both BSE and NSE, taking the combined transaction value to Rs 124.33 crore. Details of the sellers could not be ascertained. Shares of Campus Activewear plunged 4.29 per cent to close at Rs 290 apiece on the NSE and tumbled 4.23 per cent to settle at Rs 290.05 on the BSE.

Orient Electric Ltd Q1FY24 results: Net profit at Rs 19 cr; revenue up 13%

The company's digital revenue recorded growth of 58 per cent YoY

After missing 1st shot at listing, firms re-file DRHPs with lower size

Investment bankers said smaller issues are a relatively easy pitch for investors

World's biggest market for under-$100 million IPOs booms in India

SME IPO boom followed dismal performance of insurer Life Insurance Corporation of India and delivery startup Delhivery, two biggest share sales of 2022. They are down about 33% and 18%, respectively

Societe Generale buys Bandhan Bank shares for Rs 382 cr at Rs 218.60 apiece

Financial services company Societe Generale on Monday bought shares of private lender Bandhan Bank for Rs 382 crore through open market transactions. According to the bulk deal data available with the BSE and National Stock Exchange (NSE), Societe Generale purchased 85.51 lakh shares on the BSE and 89.23 lakh shares on the NSE. The shares were acquired at an average price of Rs 218.60 apiece on both bourses, taking the combined transaction size to Rs 382 crore. Details of the sellers could not be ascertained. Shares of Bandhan Bank rose 3.22 per cent to close at Rs 224.10 on the NSE and gained 2.88 per cent to settle at Rs 223.30 on BSE. In a separate transaction, Plutus Wealth Management acquired 22.10 lakh shares of Eris Lifesciences for Rs 173 crore through open-market transactions. Plutus Wealth Management bought a total of 22.10 lakh shares in two tranches, as per the data available with the NSE. The shares were purchased in the range of Rs 783-783.03 per piece, taking the

Stock exchange NSE considering extending trade timings in phased manner

At the present moment, the regular trade timing session on NSE and BSE operates from 9:15 am to 3:30 pm for stocks

Jaiprakash Power Ventures net profit declines 20% to Rs 191 cr in Q1

Jaiprakash Power Ventures Ltd (JPVL) consolidated net profit fell over 20 per cent to Rs 191.65 crore in the June 2023 quarter, mainly due to lower revenues. The consolidated net profit of the company was Rs 241.96 crore in the quarter ended June 30, 2022, a BSE filing showed. Its total income declined to Rs 1,714.75 crore in the quarter from Rs 1,829.35 crore in the same period a year ago.

L&T result: Net profit jumps 46%; special dividend of Rs 6 a share declared

The company's Ebitda saw a fall to Rs 4,869 crore in Q1FY24, as compared to Rs 3,953 crore in the corresponding period of the previous year

BSE's derivatives journey sees speed bumps as several brokerages resist

Nearly 10 large brokers are yet to offer the relaunched Sensex and Bankex derivatives on their platforms, say they are working on back end

HDFC Bank becomes 2nd most valuable company, TCS falls to 3rd place

HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services. At the close of trade, HDFC Bank, which recently completed the merger of its mortgage financier parent HDFC into itself, commanded a market capitalisation (mcap) of Rs 12,72,718.60 crore, which was Rs 5,826.95 crore more than TCS' Rs 12,66,891.65 crore valuation on the BSE. Shares of HDFC Bank ended at Rs 1,688.50 apiece, up 0.22 per cent on the BSE. During the day, it climbed 0.36 per cent to Rs 1,690.95. However, shares of TCS dipped 0.25 per cent to end at Rs 3,462.35 each. During the day, it fell 1 per cent to Rs 3,436. HDFC, the parent of HDFC Bank, merged into the lender on July 1. The USD 40 billion merger, the largest such deal in the Indian corporate history, was driven by a changing regulatory landscape, which limited the advantages for HDFC continuing as a non-bank lending entity. Reliance Industries is the country's most valued firm