US equities close slightly lower as focus shifts to data
Tue, Feb 27, 2024 8:24 AM

US equities close slightly lower as focus shifts to data

U.S. stocks ended with modest losses on Monday, as the focus shifted after last week's AI-fueled rally to upcoming economic data that could affect the timing of the Federal Reserve's expected interest rate cut. The release of January's personal consumption expenditures price index (PCE)- the Fed's preferred inflation gauge - on Thursday could dampen the recent enthusiasm should the data.

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Nifty 50, Sensex today: What to expect from Indian stock market in trade
Tue, Feb 27, 2024 8:20 AM

Nifty 50, Sensex today: What to expect from Indian stock market in trade

The Indian stock market indices, Sensex and Nifty 50, are expected to open on a muted note Tuesday tracking mixed global market cues.The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 22,134 level as compared to the Nifty futures’ previous close of 22,138.On Monday, the domestic equity indices ended lower.

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Rupee ends little changed on day and week, forward premiums slip
Tue, Feb 27, 2024 8:19 AM

Rupee ends little changed on day and week, forward premiums slip

The Indian rupee ended little changed after hovering in a tight band on Friday, as dollar demand from importers, including local oil companies, eroded the impact of supportive global cues, traders said. The rupee closed at 83.0150 against the U.S. dollar, marginally stronger compared with its close at 83.0425 in the previous session. The local unit was little changed week-on-week as well.

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Gold prices steady as US inflation data looms
Tue, Feb 27, 2024 8:18 AM

Gold prices steady as US inflation data looms

Gold prices were steady on Tuesday, as investors awaited a key U.S. inflation reading due later this week that could provide more information on how soon the Federal Reserve might begin cutting interest rates. FUNDAMENTALS * Spot gold was little changed at $2,031.03 per ounce, as of 0056 GMT. U.S. gold futures edged 0.1% higher to $2,040.5 per ounce.

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Indian stock market today: Day trading guide for Nifty 50 to Sensex
Tue, Feb 27, 2024 8:16 AM

Indian stock market today: Day trading guide for Nifty 50 to Sensex

Day trading guide for Indian stock market today: On account of weak global market sentiments, the Indian stock market ended lower on Monday. The Nifty 50 index lost 90 points and closed at the 22,122 level, the BSE Sensex dipped 352 points and ended at the 72,790 mark whereas the Bank Nifty index corrected 235 points and closed at the 46,576 level.

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Paytm Payments Bank announces board rejig!
Mon, Feb 26, 2024 9:15 PM

Paytm Payments Bank announces board rejig!

Paytm Payments Bank Ltd on Monday announced the reconstitution of its Board of Directors. As part of PPBL's top leadership rejig, ex-Central Bank of India Chairman Srinivasan Sridhar, Retd IAS Debendranath Sarangi, former Executive Director of Bank of Baroda Ashok Kumar Garg, and Retd IAS Rajni Sekhri Sibal will join the board.

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NTPC crosses 100 MT coal production mark from captive mines
Mon, Feb 26, 2024 8:59 PM

NTPC crosses 100 MT coal production mark from captive mines

State-owned NTPC on Monday said it has crossed 100 million tonne (MT) coal production mark from its captive mines. The milestone was achieved on February 25, 2024, NTPC said in a statement. "Coal mining subsidiary NTPC Mining Ltd (NML) has produced 100.04 MMT (Million Metric Tonne) of coal since coal production started in its first coal mine Pakri Barwadih on January 1, 2017.

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Bandhan Financial Holdings completes acquisition of Aegon Life
Mon, Feb 26, 2024 8:58 PM

Bandhan Financial Holdings completes acquisition of Aegon Life

Bandhan Financial Holdings, the promoter of Bandhan Bank, has completed the acquisition of Aegon Life, a digital life insurance company.The acquisition is set to provide the Bandhan group a footprint beyond banking and mutual funds.Before this, Aegon Life was a joint venture between Aegon India Holding BV, of Dutch origin, and Bennett, Coleman & Company Ltd.

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Platinum Industries IPO | Institutional investors pick Rs 71 crore worth.
Mon, Feb 26, 2024 8:57 PM

Platinum Industries IPO | Institutional investors pick Rs 71 crore worth.

Stabilizers producer Platinum Industries mobilised Rs 70.6 crore from seven anchor investors on February 26, a day before the issue opening. The public issue will be opening for subscription on February 27, and the final day for subscription will be February 29. The company informed exchanges that it has finalised the allocation of 41,28,237 equity shares to anchor investors for Rs 171 per equity.

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US stocks open muted ahead of busy data week, inflation test
Mon, Feb 26, 2024 8:57 PM

US stocks open muted ahead of busy data week, inflation test

Wall Street's main indexes opened muted on Monday after a scorching AI-led rally, as investors focus returned to potential rate cuts from the Federal Reserve that key inflation and other economic data expected this week could offer clues on.The Dow Jones Industrial Average rose 13.26 points, or 0.03%, at the open to 39,144.79.The S&P 500 opened higher by 4.20 points, or 0.08%, at 5,093.00.

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Vijay Shekhar Sharma steps down from PPBL board, new chairman to be appoint
Mon, Feb 26, 2024 8:57 PM

Vijay Shekhar Sharma steps down from PPBL board, new chairman to be appoint

Paytm Payments Bank (PPBL) announced on February 26 that Vijay Shekhar Sharma has resigned from the Board. One 97 Communications has informed the bourses that the PPBL Board has been reconstituted. Vijay Shekhar Sharma resigned from the Board of Paytm Payments Bank to enable the reconstitution of the Board. PPBL has informed us that they will commence the process of appointing a new Chairman.

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FM suggested for monthly meeting with fintech, startups via VC with RBI!
Mon, Feb 26, 2024 8:51 PM

FM suggested for monthly meeting with fintech, startups via VC with RBI!

Union Finance Minister Nirmala Sitharaman held a crucial meeting on February 26 with representatives from the fintech industry to address various concerns and discuss key issues facing the sector. The meeting, focused on understanding the challenges and opportunities within the fintech space, covered a range of topics vital to the industry's growth and security.

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China's anti-graft body to probe corruption in BRI projects
Mon, Feb 26, 2024 8:50 PM

China's anti-graft body to probe corruption in BRI projects

President Xi Jinping’s Belt and Road Initiative under which China doled out billions of dollars of investments will for the first time come under the scanner of the country's anti-graft body amid allegations of corruption and the projects turning into debt traps for small and medium countries like Pakistan and Sri Lanka. Fighting corruption related to the Belt and Road Initiative (BRI).

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Shree Cement receives income tax demand of Rs 261 crore
Mon, Feb 26, 2024 8:50 PM

Shree Cement receives income tax demand of Rs 261 crore

Shree Cement has received the demand of Rs 261.88 crore from the income tax department in the assessment order, the company informed in a BSE filing.The assessment order was received on February 24, 2024 passed under section 143(3) of Income Tax Act, 1961, pertaining to AY 2021-22, wherein certain additions/disallowances have been made.The company has noticed prima facie errors.

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Bulk deals: Promoters sell stake in BGR Energy Systems, Minerva Ventures!
Mon, Feb 26, 2024 8:17 PM

Bulk deals: Promoters sell stake in BGR Energy Systems, Minerva Ventures!

BGR Energy Systems promoter Sasikala Ragupathy sold a 2.51 percent stake in the company on February 26. Sasikala sold 18,11,464 shares at an average price of Rs 79.73 through open market transactions valuing the deal at Rs 14.44 crore. Sasikala held 23.99 percent stake in the company as of December 2023. BGR Energy Systems stock plunged 11.18 percent to Rs 75.85 in the trading session.

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