CBIC tightens norms for GST registrations
In the ongoing all-India drive, Centre and State GST officers have detected over 15,000 fake registrations and are initiating punitive action against the perpetrators. They are also trying to find out the mastermind who are the real beneficiaries.
These 7 financial services stocks touch their new 52-week high. Do you own any?
Shifts in global supply chains and sourcing to benefit India: APM Terminals CEO Keith Svendsen
In an interview to ET, he said inventories had begun to normalise with the easing of the pandemic and restocking should begin by the end of the year. On India plans, he said APM Terminals, part of Maersk Group, plans to invest about ₹3,500 crore in its Pipavav port, but a large part of the […]
CreditSights recommends a ‘buy’ for Vedanta Resources for offshore bonds
CreditSights, owned by Fitch Ratings, has recommended investors buy bonds of Vedanta Resources (VRL) with a high-risk appetite and a possible sharp sell-off nature. However, it also expects VRL to handle its debt maturities in the next 12 months and anticipates the rally in bond prices by 10-15 points.
China, India to see biggest exodus of high-net-worth individuals in 2023
China, followed by India, will see the biggest net outflows of millionaires globally in 2023, Henley & Partners said in a report Tuesday.
Zurich Insurance eyes $400 million stake in Kotak General Insurance
Zurich Insurance is reportedly in early-stage talks to acquire up to a 51% stake of Kotak General Insurance for roughly $400m, marking its first big gamble on the growing South Asian insurance market. The potential acquisition is valuing the Indian firm at around $800m, according to anonymous sources. Zurich, one of Europe’s largest insurers, has […]
China, India to see biggest exodus of high-net-worth individuals in 2023
China, followed by India, will see the biggest net outflows of millionaires globally in 2023, Henley & Partners said in a report Tuesday.
Nithin Kamath and Ramesh Damani in combination offer the most important rule in trading
Zerodha co-founder Nithin Kamath has said that most retail traders fail due to irrational decision-making. Meanwhile, financier Ramesh Damani has said that “trading is always done by slip book and not cheque book”. According to Damani, speculation is about leverage, and traders should cut their losses and hold on to their profits. Kamath clarified this […]
BSE sells stake in CDSL via bulk deal; Madhusudan Kela’s wife Madhuri Kela buys in Sangam
BSE has sold 4.5% stake or 47.44 lakh shares in Central Depository Services Ltd (CDSL) through open market transactions to comply with regulatory norms, which state that a stock exchange can only hold a 15% stake in a depository. ICICI Pru Tech fund bought 5.28 lakh shares in CDSL or around 0.5%. Meanwhile, Madhuri Kela, […]
Ahead of Market: 10 things that will decide D-Street action on Thursday
Indian equity indices closed near record highs on June 16, helped along by a possible rate pause by the US Federal Reserve, favourable WPI inflation data and upbeat global investments. While metal pack led gains, sectors including private banking and financial services saw selling pressure.