Equity markets to remain closed on Thursday, derivatives expiry today
Following the Maharashtra government’s declaration of June 29 as a public holiday, there will be no transactions and settlements in government securities, foreign exchange, money markets and rupee interest rate derivatives on that day, the Reserve Bank of India said.
NSE scraps plan to shift the expiry of Bank Nifty to Friday
The decision was taken after BSE requested them to consider shifting the Bank Nifty expiry to any day other than Friday, the release said. In a bit to revive its derivatives segment, BSE had relaunched its future & options (F&O) contracts on Sensex and Bankex on May 15, 2023, with weekly and monthly expiry happening […]
India Inc exhibits viable debt servicing capacity despite higher borrowing costs
Debt servicing capacity of manufacturing companies measured by interest coverage ratio (ICR) moderated to 7.3 in 2022-23 from 8.4 in 2021-22 due to a rise in interest expenses. But the metric was significantly higher than the minimum viable value of 1.
SAT stays Sebi order against IIFL Securities
The regulator, in its order, had alleged that the broking firm had been found involved in unauthorised use of credit clients’ funds for the purpose of meeting the obligations arising out of its proprietary trades and the trades of debit balance clients.