Page 7 - Trading

PTC India net profit more than trebles to Rs 157 cr in Jan-Mar quarter

Power trading solution provider PTC India's consolidated net profit more than trebled to Rs 157.11 crore in the March 2022 quarter, mainly due to lower expenses. The consolidated net profit of the company was Rs 49.77 crore in the quarter ended March 31, 2021, a BSE filing showed. Its total expenses dipped to Rs 2,890.57 in the quarter from Rs 3,792.56 crore a year ago. The total income also declined to Rs 3,107.04 crore in the quarter from Rs 3,925.99 crore in the year-ago period. Its consolidated net profit stood at Rs 551.67 crore in 2021-22 fiscal compared to Rs 457.62 crore in 2020-21. However, the total income in the fiscal came down to Rs 16,879.77 crore from Rs 18,373.66 crore earlier.

20-minute glitch on Zerodha app; users unable to view, modify orders

Company says limited group of customers impacted; Trade execution unaffected all the while

FTX to start US bankruptcy proceedings, CEO Sam Bankman-Fried to exit

Firm says it will begin process to review and monetise assets for stakeholders

'It is unacceptable': Investors react to 40-minute Toronto Exchange Outage

A 40-minute outage across three stock exchanges stalled equity trading in Canada, leaving some investors frustrated and others refusing to place orders even after it reopened.

MSCI sets aside Piramal Pharma's exclusion from global standard index

The company was listed separately on October 19, following its demerger from Piramal Enterprises

Smartest Paper Trading Platform, with 100% Real Trading Experience - Neostox

.

Assess maximum possible loss before entering F&O trade: Experts

Have sufficient capital as buffer to be able to meet additional margin requirements

No proof that commodity derivatives trade causes price spikes, finds study

Suspension of their futures does not bring down price volatility either, finds study conducted on behalf of NCDEX Investor Protection Fund

RBI releases 'alert list' of 34 entities barred from forex trades

List not exhaustive, must not assume those not on it are authorised for such trades

RBI issues 'Alert List' on entities not authorised to deal in forex trading

The Reserve Bank on Wednesday came out with an 'Alert List' containing the names of 34 entities, including OctaFX, Alpari, HotForex, and Olymp Trade, that are not authorised to deal in forex and operate electronic trading platforms in the country. In a statement, the Reserve Bank of India (RBI) said that resident persons can undertake forex transactions only with authorised persons and for permitted purposes, in terms of the FEMA. Resident persons undertaking forex transactions for purposes other than those permitted under the FEMA or on electronic trading platforms (ETPs) not authorised by the RBI shall render themselves liable for legal action under the FEMA The central bank said it has been receiving references seeking clarification on the authorisation status of some ETPs. "It has, therefore, been decided to place on the RBI website an 'Alert List' of entities which are neither authorised to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor authorised to

Crypto weekly wrap: Bitcoin to rise once it reaches $20,400, say experts

For Ethereum, which is scheduled to go for 'The Merge' on September 6, will likely break out of the $2,000 level before the event, experts suggest

Dollar holds gains as minutes suggest Fed set for lengthy inflation fight

The dollar touched a three-week high on Thursday after minutes from the Federal Reserve's July meeting pointed to U.S. interest rates staying higher for longer to bring down inflation.

Sharp surge in markets boosts equity share sales of listed companies

A sharp surge in the market from this year's lows in June is stoking equity-share sales at listed companies

Meet Kush Goel co- owner of Bright Gold Bright Digi Gold Lamer Capital Limited & MKV luxury

.

Epic fail! Day trader army loses all the money it made in meme-stock era

Capitulation from the crowd may help signal a market bottom

Select telecom stocks testing key supports; MTNL may soar 20%, charts show

The BSE Telecom index is likely to gain up to 3.50 per cent, as the index firmly holds the support around the 100-DMA, shows chart.

Sebi levies Rs 4 million penalty on 13 entities in fraudulent trading case

The case pertains to alleged irregularity in the stock options segment of BSE, leading to the creation of artificial trade volumes

Biryani, BSE and bills: All about a billion Razorpay transactions in FY22

One of the takeaways from data analysis is that trading activity grew 247% over previous financial year

Sebi levies Rs 1.76 cr fine on 26 people for fraudulent trading activities

Capital markets regulator Sebi has slapped fines totalling Rs 1.76 crore on 26 individuals for indulging in fraudulent trading activities in the shares of Gala Global Products Ltd (GGPL). The regulator has imposed penalties ranging from Rs 5 lakh to Rs 10 lakh. Securities and Exchange Board of India (Sebi) had conducted an investigation into the scrip of GGPL during the December 2017- April 2018 period. According to the watchdog, the individuals were connected to each other and had indulged in reversing their trades among themselves for the purpose of creating artificial volume. It also created a false and misleading appearance of trading in the company's shares without the intention of change of actual beneficial ownership. Further, it was revealed that the individuals (noticees) while acting in tandem acted in a manipulative manner to inflate the scrip price. The regulator also noted that some of the individuals by way of trading among themselves had contributed to the new high

Ukraine crisis: Indian exporters delay orders, worry over payment dues

Russia is India's 25th largest trading partner as of 2021-22, with total trade at $9.4 billion during the first three quarters of the current fiscal.