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CitiCorp Investment Bank (Singapore) Ltd has agreed to pay ₹36 lakh to settle allegations of non-compliance with SEBI’s Foreign Portfolio Investors Regulations (FPI Regulations). The accusations stem from the issuance of Offshore Derivative Instr
Manufacturers of air conditioners, chilled beverages, and power companies experienced a rise in stock prices on March 6, as investors anticipated increased sales with the approaching summer season. This surge follows recent gains in these stocks afte
On March 6, metal stocks experienced notable gains as investor sentiment remained buoyant, driven by expectations of China's economic stimulus and a weakening US dollar. This surge propelled the Nifty Metal Index nearly 3% higher, reaching 8,918, mar
Shares of Reliance Industries (RIL) surged over 1.5 percent on March 6, boosting benchmark indices, following optimistic reports from international brokerage Jefferies and Kotak Institutional Equities. Jefferies reaffirmed its 'Buy' rating on RIL,
Just as derivative traders were beginning to recover, the market regulator introduced yet another challenge, making trading even more difficult. The Securities and Exchange Board of India (SEBI) has proposed changes to gross and net position limit
Route Mobile shares experienced a significant surge of 10% on March 6, driven by strong buying interest following a partnership agreement between its promoter entity, Proximus Global, and Nokia. As part of this agreement, both companies will colla
Benchmark equity indices experienced a robust rally on Wednesday, with investors rushing to acquire previously battered stocks. Both the BSE Sensex and NSE Nifty 50 posted gains exceeding 1%, closing at 73,730 and 22,337, respectively. In the deri
The Indian rupee opened 8 Paise higher on March 6, supported by a sharp decline in the US dollar index and Brent crude oil prices. The local currency commenced trading at 86.89 against the US dollar, strengthening from its previous close of 86.97 per
Lenovo, a leading global PC manufacturer, is making significant investments in India for manufacturing, exports, research and development, and talent acquisition, particularly in artificial intelligence (AI) and GPU server technologies. Speaking at L
The Indian rupee strengthened on Wednesday, benefiting from a broadly weaker U.S. dollar, as most Asian currencies gained ground amid investor concerns over a slowdown in the U.S. economy and the potential impact of trade tariffs on the world's large
Shares of oil marketing companies (OMCs) continued their upward momentum for the third consecutive session on Wednesday, as a drop in global crude oil prices fueled investor confidence. This positive trend follows the decision by the Organization
The banking system's liquidity deficit significantly declined to ₹20,416.70 crore as of March 4, down from ₹1.1 lakh crore on March 3, as per data from the Reserve Bank of India (RBI). Experts attribute this sharp improvement to inflows resulting
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