Analysts up Federal Bank targets after strong Q3
The stock has the potential to rise by 12-35% from current levels as per analysts’ fresh price targets after the results. On Tuesday, shares of Federal Bank fell 1.1%, surrendering early gains, to close at ₹138.75. It had touched an all-time high of ₹143.40 on Monday.
To check fund misuse, secondary market trades may get ASBA-like settlement
The capital markets regulator proposed that the Unified Payments Interface (UPI) mandate service of a single block and multiple debits can be integrated with the secondary markets to enable clients to block funds in their bank account for trading in the secondary market, instead of transferring it upfront to the trading account maintained with the […]
Lower windfall tax may improve realisations of oil producers
The Union government imposed the windfall tax on crude oil and petroleum products in July 2022 in the wake of rising international prices to lower the petroleum subsidy burden. In the recent fortnightly review, the tax dropped to $3.2 per barrel compared with $40 per barrel in July. Crude oil prices have moderated in the […]