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Trent gains 7% on healthy revenue growth in December quarter
Trent said, the Star business with tight footprint stores and focus on fresh foods & own brands offering continue to witness improved customer traction with growing sales densities.
Cummins India surges 10%, hits record high on robust Q3 results
The company reported record quarterly revenue driven by strong domestic and export revenue coupled with prudent cost management resulting in record quarterly profit.
Adani group stocks under pressure as MSCI to review free float status
Adani Enterprises locked 10 per cent lower circuit, while Adani Ports, Adani Power, Adani Transmission, Adani Total Gas, Adani Green Energy and Ambuja Cements were down up to 6 per cent
MARKET LIVE: Sensex, Nifty flat; TaMo, Maruti slip 1%, FMCG stks defy trend
Stock market live updates: L&T, Asian Paints, SBI, Power Grid, HDFC Bank, Hindalco and Tata Steel led gains across the two frontline indices
Stocks to Watch: Adani group stocks, LIC, Reliance, L&T, Equitas SFB, Trent
Stocks to Watch: MSCI has started a free float review of Adani Group securities and it believes certain Investors should no longer be designated as free float
Sebi proposes bondholders' nod for related party transactions for companies
The norms will be applicable to only listed non-convertible debt securities, according to SEBI
Markets gain on dovish comments by US Fed chairman; Sensex rise 378 points
Bank Nifty underperforms after RBI raises hikes rate by 25bps
NSE Q3 net profit rises 55% to Rs 1,826 cr; revenue up 35% to Rs 3,263 cr
The stellar growth was despite a 20 per cent year-on-year fall in cash market volumes during the 9MFY23
Aditya Birla Group announces entry into premium casual dining space
The Aditya Birla Group on Wednesday said it has entered into the premium casual dining space, a fast-growing segment in the organised food services market. The group's hospitality arm housed under Aditya Birla New Age (ABNA) has collaborated with India's well-known chef restaurateur Rahul Akerkar and will build premium casual dining restaurant chains across India. ABNA, promoted by Aryaman Vikram Birla, son of Chairman Aditya Vikram Birla, aspires to create a preferred house of F&B brands in India under its umbrella. "High disposable income among the rising middle class in India, and the expansion of the urban cosmopolitan lifestyle is driving the boom in dining out behaviour. Therefore, the demand for premium casual dining restaurants (PCDR) is expected to increase across India as consumers seek new dining experiences," Aditya Birla Management Corporation director and ABNA Founder Aryaman Vikram Birla said. Akerkar is a chef restaurateur entrepreneurs and joined ABNA's ...
Sebi allows 39 entities to use e-KYC Aadhaar authentication services in mkt
Capital markets regulator Sebi on Wednesday came out with a list of 39 entities, including Nirmal Bang Securities, NJ Indiainvest and Muthoot Securities, that can use e-KYC Aadhaar authentication services in the securities market as sub-KYC user agency. This came after Sebi in May 2020 listed eight entities including BSE that can undertake Aadhaar Authentication service of UIDAI as KYC user agency (KUA) in the securities market. Further, a KUA can permit Sebi-registered intermediaries to undertake Aadhaar Authentication of their clients as sub-KUA for the purpose of KYC (Know Your Client). Other entities listed by the regulator include Indbank Merchant Banking Services, Orbis Financial Corporation, Indo Money Securities, HSB Securities and Equities, Flourish Fincap and Vogue Commercial Company. "The above mentioned entities shall enter into an agreement with a KUA and get themselves registered with UIDAI ( Unique Identification Authority of India) as sub-KUAs. The agreement in this
Sebi amends rules governing mode of payment by market intermediaries
Sebi has notified rules asking all market intermediaries and companies to make regulatory payments to it by way of direct credit into the bank account through digital payment systems. Under the rules, market intermediaries and companies are required to pay various fees to the Securities and Exchange Board of India (Sebi). In a notification, Sebi said that the fee can be paid to the regulator by way of direct credit into the bank account through digital payment systems -- NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Mobile Payment Service) -- or online payment using the Sebi Payment Gateway. To give these effects, the regulator has notified Sebi (Payment of Fees and Mode of Pay). The amendment has been brought into various regulations with respect to fees to be paid to Sebi. Last month, the market regulator clarified that all payment mechanisms provided by banks and payment aggregators authorised by the Reserve Bank of India (RBI)
Domestic shareholding NSE-listed firms hit fresh record high of 24.44%
Shareholding of retail investors fell 11 basis points quarter-on-quarter to 7.23%, while that of high networth individuals (HNIs) also declined 1 bp to 1.89%
Sebi considering easing of RPT norms for high-value debt listed entities
In a discussion paper, Sebi has proposed that only HVDLEs having 90 per cent or more related party shareholders will have to send notice to debenture holders holding listed NCDs
New-age stocks in focus; Paytm, Policybazaar, Zomato, Nykaa gain up to 10%
In the past one year, these stocks have underperformed the market by falling between 31 per cent and 53 per cent, as against 5 per cent rise in the Sensex
Macquarie double upgrades Paytm to 'outperform', ups target price by 80%
This comes after the firm narrowed its net loss to Rs 392 cr in Q3 of FY23, from Rs 778.4 cr in Q3FY22, and expanded revenue from operations by 41.62% to Rs 2,062.2 cr
One client will not affect Indian banking system: RBI Guv on Adani row
An individual client -- Adani Group -- will not bring down the Indian banking system as the country's banking sector is resilient and strong, Reserve Bank of India (RBI) Governor Shaktikanta Das said.
Wonderla Holidays surges 13%, nears 52-week high on strong Q3 results
The management said the significant boost in the number of visitors was due to the increase in domestic tourism, walk-in customers and the revival of student excursion trips
This Adani group stock has bounced back over 100% in three days
Shares of Adani Enterprises rallied 14 per cent to Rs 2,049.60 in Wednesday's intra-day trade, and have zoomed 102 per cent from its intra-day low of Rs 1,017.10 touched on Friday February 3.
Bharti Airtel slips 3% despite over 91% YoY surge in December net
Airtel continues to report a healthy performance on Indian wireless business front with resilient and industry leading KPIs in terms of India post-paid/4G subscribers, ARPUs and margins.
Rate sensitives' display mixed trend after RBI hikes repo rate by 25 bps
At 11:00 am; Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services are trading almost flat, as against 0.58% rise in Nifty 50.
Cement shares rally on hopes of GST cut; UltraTech, Ambuja gain 3%
Finance Minister Nirmala Sitharaman on Tuesday said that the government will consider a review of the 28 per cent Goods and Services Tax (GST) levied on cement.
Adani Enterprises, RBI policy takes Nifty above 17,850, Sensex leaps 378pts
CLOSING BELL: Adani Enterprises surged 23 per cent, while Adani Ports zoomed 9 per cent, leading the winners' list on the Nifty50
Stocks to Watch: Bharti Airtel, Hero Moto, Adani Green, Ambuja Cement, NDTV
Stocks to Watch: Airtel reported a 91.5 per cent year-on-year rise in consolidated net profit; Adani Green Energy's consolidated net profit more than doubled to Rs 103 crore in Q3
3 more weeks to online bond platforms to register as stock brokers: Sebi
Capital markets regulator Sebi on Tuesday extended the timeline by three weeks for entities, operating as online bond platform providers, to make an application for registration as stock brokers. The extension has been given keeping in view the technical difficulties faced by these entities, the Securities and Exchange Board of India (Sebi) said in a circular. "It has been decided to grant an additional time period of three weeks commencing from February 9, 2023 (the end of three months from November 9, 2022) for making an application to obtain a certificate of registration as a stock broker under the Sebi (stock brokers) regulations," the markets watchdog said. Accordingly, the application for registration by online bond platform providers (OBPPs) as stock brokers would be made by March 1, 2023. Under the regulatory framework issued in November, Online Bond Platform Providers (OBPPs) should be companies incorporated in India and they should register themselves as stock brokers in
Sebi moots institutional mechanism for stock brokers to curb market abuse
Markets regulator Sebi on Tuesday proposed an institutional mechanism that will require stock brokers to put in place systems for detection and prevention of market abuse. Currently, there are no specific regulatory provisions that cast responsibility on brokers to have a system to prevent market abuse. In a consultation paper, Sebi has proposed a regulatory framework which will require broking firms as well as their senior management to be accountable for detection and prevention of fraud or market abuse, by setting up robust surveillance and control systems. In addition, the regulator has suggested that brokers should have appropriate escalation and reporting mechanisms. Sebi has also listed out probable instances of fraud or market abuse which a broker's system should be equipped to monitor. The probable instances can include creation of misleading appearance of trading, price manipulation, front running, insider trading and mis-selling. Unauthorised trading, including facilita
Sebi to put onus of detecting price rigging, insider trading on brokers
Asks brokers to maintain whistleblower policy, furnish action-taken report upon spotting fraud; top management to be held accountable for non-compliance
Emerging market currencies to gain on better economic outlook: Reuters poll
Emerging market currencies expected to drift higher in coming months due to improved global growth prospects, boosted in part by the reopening of China's economy, a Reuters poll found
Bank credit profiles not at much risk from Adani exposure, says Fitch
State-owned lenders could see pressure to refinance group's debt if global market shun it
5G driving revenue growth in the top 20 markets, early movers get benefit
5G is driving revenue growth for communication service providers (CSPs) worldwide and the top 20 5G markets have seen significant network performance boost following the introduction of new services.
Demat additions in Jan hit six-month high to take total past 110 mn
Nearly 2.2 mn new accounts added despite turbulence in the market
General insurer Go Digit's IPO plan delayed, Sebi returns issue papers
Firm will have to refile for public issue
Coal import cannot be zero as thermal power projects designed for dry fuels
Coal imports cannot be reduced to zero as several thermal power projects in India are designed to utilise the imported dry fuel for its high calorific value and blending it with domestic coal is also needed to maintain fuel stocks, Parliament was informed on Tuesday. "The power plants designed for utilizing high Gross Calorific Value (GCV) non-coking coal, and cement, sponge iron, aluminum customers are utilizing high-ranked low ash coal. The coal requirement for such category of consumers cannot be substituted by domestic coal. Thus, import of coal cannot be reduced to zero," Power Minister R K Singh said in a written reply to the Rajya Sabha. Singh said thermal power plants have been importing coal for blending since 2009. During 2022-23 (till January 2023), Coal India Ltd despatched 485.99 million tonne (provisional) coal to the power sector as compared to 440.05 MT during the same period a year ago, registering a growth of about 10 per cent. However, he stated that with the ris
Balaji Amines slips 6%, hits 52-week low on disappointing Q3 results
The company said the fall in operating margin was primarily on account of de-growth in pharma and API sector
Stock of this smallcap company has zoomed 58% in 6 days on strong Q3 result
In the past 9 months, the stock of Apar Industries has skyrocketed 245 per cent
CG Power hits new high on heavy volumes; stock surges 18% in one month
A combined 4.75 million shares representing 0.31 per cent of total equity of the company changed hands on the NSE and BSE till 12:10 PM.