Cement cos’ profitability may improve by up to 22% in Q4

The March quarter is also traditionally the strongest for cement companies in India because of demand from the construction and infrastructure segments, and analysts expect this trend to play out this time as well, anticipating a volume growth of about 8-10% sequentially. The volume growth will also be conducive in shoring up the operating profit […]

Brokers make hay with ‘grey area’ in exchange transaction charges

While brokers collect this fee on behalf of the exchanges from clients, sources said many firms have been retaining excess of these amounts that have not been transferred to the bourses. Though there are no rules that state brokers must return the excess amount collected from clients, they may be treading a regulatory twilight zone.

Bourses freeze promoter shares in Patanjali Foods

In an exchange filing on Wednesday, the company said it had received emails dated March 14 from the BSE and NSE regarding freezing shares of 21 promoter entities. Patanjali Ayurved, the single-largest promoter shareholder with 39.4% stake, and Acharya Balkrishna are among the promoters whose holdings have been frozen.

Sensex, Nifty extend losses to 5th straight day

The NSE Nifty fell 71.15 points, or 0.4%, to close at 16,972.15. BSE’s Sensex declined 344.29 points, or 0.6%, to end at 57,555.90. Both indices shuttled between gains and losses during the trading session after opening firm.