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Albula Investment Fund sells Swan Energy's shares worth Rs 157 crore

Albula Investment Fund on Friday sold shares of Swan Energy for Rs 157 crore through an open market transaction. Bandhan Mutual Fund (MF), Samco MF, BNP Paribas Arbitrage, Societe Generale, and Resonance Opportunities Fund, among others were the buyers of shares. According to the block deal data available with the National Stock Exchange (NSE), Albula Investment Fund offloaded 30.24 lakh shares, amounting to a 1.14 per cent stake in Swan Energy. The shares were disposed of at an average price of Rs 519.90 apiece, taking the deal value to Rs 157.22 crore. Shares of Swan Energy rallied 7.48 per cent to close at Rs 563.60 per piece on the NSE. Swan Energy on Thursday said it has formally taken over management control of Reliance Naval & Engineering. The company had emerged as the winning bidder under an insolvency resolution process. The acquisition of Reliance Naval marks the company's entry into the shipbuilding, ship repairing, and heavy fabrication industry. Swan Group has ...

Equity market set for eventful journey on interest rate trajectory in 2024

With tailwinds of a remarkable year and handsome investor returns, Indian equities are set for an eventful journey in 2024, with a slew of local and global cues -- varying from interest rates to Lok Sabha polls to geopolitical happenings. Analysts are of the view that the bull run in the domestic equity market will continue, and over the next 3-6 months, the benchmark indices -- Sensex and Nifty -- could climb up to 7 per cent. In 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 per cent, and the NSE Nifty climbed 3,626.1 points or 20 per cent. Lok Sabha elections, the US Presidential polls, the trajectory of interest rates, particularly in the US and India, inflation trends and geopolitical situation will be the key factors for the stock market, analysts opined. Experts said the return of the BJP government with a majority in the 2024 general elections is a pivotal factor on the market's wishlist for the new year. As political stability plays a significant role in .

Stock market closed today: BSE, NSE to remain shut on account of Dussehra

Stock market holidays: In the ongoing calendar year, the markets have a total of 15 holidays which is two more than last year

Stock brokers upset over strict penalties, meet NSE, Sebi officials

A senior official at one of the broker firms said that the penalties have had a severe effect on the brokers as they struggle to survive in the fiercely competitive financial landscape

Quantitative strategists fail to replicate US and China success in India

Low interest, strict regulations and the success of active stock-picking are scuppering the growth of quants in the world's most populous nation

Angel One dips 7% as NSE bars onboarding of new authorised persons

Angel One said NSE's order does not affect the existing business or the activities of the APs affiliated with the company.

NSE to shift Nifty Bank F&O expiry day to Friday, weeks after BSE

BSE did not comment on the possible impact of NSE's decision on its revived volumes

Discount brokers take giant strides; now account for 57% of active clients

The majority of incremental customer acquisition is now happening from tier-2 cities

HAL disinvestment: Offer for sale subscribed two-fold after slow start

Share sale firms up state-owned defence firm's chances of MSCI India inclusion

Lupin Pharma launches Lurasidone Hydrochloride Tablets in US

The generic equivalent of Latuda tablets has been launched in the US markets

NSE Q3 net profit rises 55% to Rs 1,826 cr; revenue up 35% to Rs 3,263 cr

The stellar growth was despite a 20 per cent year-on-year fall in cash market volumes during the 9MFY23

Govt to sell 50.79% in NMDC's steel plant at Nagarnar, invites bids

The last date for submitting queries by interested bidders is December 29, 2022, and that for submission of bids is January 27, 2023 as per the expression of interest (EoI)

Britannia stock jumps 10%; NSE H1FY23 consolidated PAT jumps 53%

NSE has almost a monopoly in the equity derivatives segment and 93 per cent market share in the equity cash segment

Chitra Ramkrishna mastermind behind conspiracy, ED tells Delhi High Court

The ED on Tuesday opposed in the Delhi High Court the bail plea of former MD of National Stock Exchange Chitra Ramkrishna in a money laundering case related to alleged illegal phone tapping of NSE employees, saying she was the mastermind behind the criminal conspiracy in the matter. The Enforcement Directorate (ED) told Justice Jasmeet Singh that the proposal for call interception and monitoring, which was in the guise of study of cyber vulnerability, was processed through Ramkrishna who was the deputy managing director at the relevant time, and that she identified the telephone numbers and the employees for monitoring. It said that all the approvals were either processed through her or given by her and that the illegal interception was co-terminus with her tenure at NSE. She represented NSE at an initial meeting for the award of the contract. The telephone numbers and the employees who were identified for monitoring were identified by her. "We have statements of multiple people w

Stock market closed today for Dussehra; all trading holidays for 2022

The stock market in India will remain closed today for Dussehra

Court dismisses NSE ex-CEO Ramkrishna's bail plea in money laundering case

A Delhi Court on Monday dismissed the bail application of former managing director and chief executive officer of the National Stock Exchange (NSE) Chitra Ramkrishna in a money laundering case related to the alleged illegal phone tapping and snooping of NSE employees. Special Judge Sunena Sharma denied the relief, saying the stage was not set to allow the bail. During the hearing, the ED had opposed the bail plea, saying the investigation was ongoing in the matter and she was directly or indirectly indulging in the crime. The ED's Special Public Prosecutor N K Matta had told the court that from 2009 to 2017, former NSE CEO Ravi Narain, Ramkrishna, Executive Vice President Ravi Varanasi and Head (Premises) Mahesh Haldipur and others conspired to cheat NSE and its employees and for the said purpose iSEC Services Pvt Ltd was engaged for illegal interception of phone calls of employees of NSE in the guise of Periodic Study of Cyber vulnerabilities of NSE. The top officials of NSE issue

Vikram Limaye's tenure ends at NSE, sources say no successor named yet

NSE had started MD & CEO selection process in March. Vikram Limaye was eligible for another five-year term but opted out

HC seeks CBI stand on ex-NSE GOO Subramanian's bail in co-location case

The Delhi High Court on Tuesday sought the CBI's stand on a bail plea filed by National Stock Exchange (NSE) former group operating officer Anand Subramanian in the co-location scam case. Representing the accused, senior advocate Vikas Pahwa argued that an incomplete chargesheet has been filed in the case and sought a mandatory bail under the Criminal Procedure Code as well as on merits. Justice Sudhir Kumar Jain then issued a notice seeking the CBI's response. The former GOO was arrested by the CBI on February 24 and was remanded to custodial interrogation. He was sent to judicial custody on March 9. In his bail plea filed through advocate Alok Tripathi, Subramanian has stated that a trial court wrongly dismissed his plea for default bail in the matter by an order passed on May 28. An FIR in this case was registered in May 2018 amid fresh revelations about irregularities at the country's largest stock exchange. The CBI is probing the alleged improper dissemination of information

Retail investors share in NSE listed companies reach all-time high of 7.42%

In INR value terms, retail holding in companies listed on NSE reached an all-time high of Rs 19.16 lakh crore from Rs 19.05 lakh crore on December 31, 2021, an increase of 0.56 per cent

Mysterious Himalayan 'yogi' had been flagged in NSE co-location scam probe

The NSE submitted its detailed response along with a report of forensic investigation conducted by Ernst & Young (E&Y) wherein it was concluded that the said unknown person was Subramanian