BSE faces arduous climb in renewed derivatives push
The relaunch is a fresh attempt by the exchange under the new management led by Sundararaman Ramamurthy to revive its fortunes and capture a pie of the market share dominated by rival NSE. But brokers, traders and market participants are doubtful if this fresh thrust alone will be enough to bring the listed BSE back […]
Banks flag high overnight rates, liquidity terms
Indian banks have urged the Reserve Bank of India (RBI) to find a more even-handed way to distribute liquidity and narrow the gap between overnight rates and the benchmark policy rate. Due to 24/7 banking, banks have held on to cash at the RBI’s Standing Deposit Facility (SDF), increasing the call rate in the call […]
Care raises concerns over Bombay Dyeing’s ability to service debt
Bombay Dyeing & Manufacturing’s ability to service its debt during fiscal years 2024 and 2025 has raised concerns, according to Care Ratings. Delays in raising Rs 940 crore through rights issues and asset monetisation have caused the issues. The Wadia group company has scheduled debt repayment of Rs 3597 crore between FY 24 and FY25 […]
SGX Nifty to be renamed as Gift Nifty from July 3
On April 14, Singapore Exchange (SGX) issued a notice saying full-scale operation of the NSE IFSC-SGX Connect with the transition of SGX Nifty derivatives to NSE IFSC will take place on 3 July 2023.
BFSI weight in FPI assets hits 26-month high in April
Foreign investors’ exposure to banking, financial services and insurance (BFSI) stocks reached a 26-month high of 34.2% in April, while local fund houses raised their exposure to non-banking financial companies (NBFCs) to a 38-month high of 8.3%.
D-St indices slip as US debt ceiling talks keep global investors on edge
Data indicating further softening of economies in Europe and Asia as well as heavy attacks by Russian forces on Ukranian capital Kyiv also deterred investors from making aggressive bets.
Bharti Airtel’s Q4 net increases 50% on one-time gain
Bharti Airtel, India’s second-largest telco, reported a 50% YoY increase in its consolidated net profit for the fiscal Q4 as it benefited from a one-time exceptional gain from its Africa business and saw strong 4G user additions and increased data and voice services consumption. Revenue grew by 0.6% sequentially and 14.3% YoY, while mobile revenue […]
Sebi may expand definition of QIB for debt securities
The market regulator has proposed to include multistate cooperatives with net worth of more than Rs 500 crore, non banking financial companies and housing finance companies, pension Funds (including overseas pension funds, NPS Trust, Employee Provident Fund Organization), refinancing agencies such as MUDRA,reinsurance companies, small finance banks and other SEBI regulated entities with net worth […]