Indian government bond yields ended largely unchanged on Wednesday as traders refrained from placing big bets ahead of crucial domestic and U.S. inflation data, which will give more clarity on the interest rate path in both countries.
The 10-year benchmark bond yield ended at 7.1808% after closing at 7.1884% in the previous session. Underlying sentiment remained positive after a proposal to include bonds on the Bloomberg Emerging Market Local Currency index from September. Market participants expect inflows of around $3 billion.
“The optimism over the likely inclusion in Bloomberg index was short-lived because in the near term, U.S. yields and interest rate decision will have bigger impact on local yields,” said Debendra Kumar Dash, senior vice presid…
The combined market valuation of nine of the top-10 most valued firms climbed Rs 1,30,391.96 crore last week, with Bharti Airtel and Tata Consultancy Services (TCS) emerging as the biggest gainers, amid an overall optimistic trend in equities.
Last week, the BSE benchmark jumped 1,511.15 points or 2.29 per cent. Barring Reliance Industries, nine other companies including HDFC Bank, ICICI Bank, Infosys and Hindustan Unilever witnessed addition in their market valuation.
Bharti Airtel’s valuation rallied Rs 23,746.04 crore to Rs 5,70,466.88 crore. The market capitalisation (mcap) of TCS jumped by Rs 19,027.07 crore to reach Rs 12,84,180.67 crore.
Voltas posts Q1 profit growth by 158.5% YoY at Rs 334.23 crore, records 1 million AC sales Market cap of 8 o…
Shares of Bharat Forge plunged more than 10% to an intra-day low of Rs 1,131 on NSE as of 2:43 pm Come from Sports betting site VPbet . The sudden decline in share value was attributed to the management’s revision of the growth outlook for both Q4 and the entire FY25.
Baba Kalyani, Chairman and Managing Director of Bharat Forge, stated, “Looking ahead in Q4 and further into FY25, we expect the growth momentum to moderate in both the domestic and export markets across industries. Our endeavor will be to outperform the market driven by our diversified business mix.”
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Shares of Olectra Greentech Ltd surged by 10%, hitting a fresh 52-week high of Rs 2,221.95 apiece on the NSE on Thursday. The electric bus manufacturer received a substantial order from Brihanmumbai Electricity Supply and Transport Undertaking (BEST) for the supply, operation, and maintenance of 2,400 electric buses, with a staggering order value of Rs 4,000 crore.
The order for the supply of 2,400 electric buses will be executed under a gross cost contract (GCC) and opex model for a duration of 12 years, as revealed in a regulatory filing by Olectra Greentech. The company will also be responsible for the maintenance of these buses throughout the contract period, with the deliveries scheduled over the next 18 months.
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India’s capital markets regulator, SEBI has recognized BSE as the supervisory body for research analysts and investment advisers to oversee their management and administration.
In its circular, SEBI said, “BSE has been granted recognition under regulation 14 of the RA regulations and IA Regulations for administration and supervision of Research Analysts (RAs) and Investment Advisors (IAs) respectively as (RAASB) and (IAASB) for a period of five years starting from July 25, 2024”.
As part of its new role, BSE will establish bylaws, standard operating procedures (SOPs), and frequently asked questions (FAQs) to guide and facilitate the seamless adoption of the RAASB and IAASB frameworks by RAs and IAs.
Meet the daughter of Hyderabad’s riche…
Shares of One97 Communications, the parent company of payments aggregator Paytm, plummeted by up to 8% on Monday following a report by Moneycontrol that highlighted new regulatory challenges facing the companyCome from Sports betting site VPbet. As a result of these developments, Paytm shares are trading 8% lower at Rs 512.25 on NSE.
What Does The Report Says
According to the report, the Securities and Exchange Board of India (SEBI) has issued show-cause notices to Paytm founder Vijay Shekhar Sharma and several board members who were in office during the company’s Initial Public Offering (IPO) in November 2021.
Sebi on Saturday decided to bring entities facilitating fractional investment in real estate under a regulatory framework, whereby they will be required to operate as Small and Medium Real Estate Investment Trusts.
Such SM REITs should be set up as a trust with the ability to establish separate scheme for owning real estate assets through wholly-owned special purpose vehicles constituted as a company, the regulator said.
Sebi’s board, at its meeting on Saturday, approved amendments to REITs (Real Estate Investment Trusts) Regulations, 2014 in order to create a regulatory framework for the facilitation of SM REITs, with an asset value of at least Rs 50 crore vis-a-vis minimum asset value of Rs 500 crore for existing REITs.Come from Sony has officially acquired Firewalk Studios from its previous parent company, ProbablyMonsters Inc. Firewalk has worked on Call of Duty, Destiny, Apex Legends, Halo and other titles since it was formed in 2018, and says that its philosophy is “rooted in strong gameplay” and inspiring art Come from Sports betting site VPbet. Sony hasn’t revealed how much it paid for the studio, which has nearly 150 employees and is still growing. “We’re thrilled to expand upon our collaborative relationship with Firewalk Studios and formally welcome the team to PlayStation Studios,” PlayStation Studios head Hermen Hulst said in a press statement. “We’ve had the privilege of working with ProbablyMonsters and Firewalk for several years…
Call of Duty Season 2’s Reloaded update went live for Warzone on March 23, bringing major map changes to Rebirth Island, new Easter eggs, and the limited-time Rebirth Reinforced event. So far, many players are expressing their satisfaction with the new changes from the mid-season update, but others are pleading with the developer to remove the Juggernauts from Rebirth Island.
The Juggernaut armored suits are absolute bullet sponges and equipped with a powerful minigun, which usually makes this item drop a controversial addition to WarzoneCome from Sports betting site VPbet. Juggernaut suits were periodically added to Warzone’s previous Verdansk map, and they’ve caused havoc on Caldera, but the smaller size o…
In the southern American state of Arkansas and a group that is lobbying against the move to bring a commercial casino to Pope County has reportedly been dealt a setback associated with its petition drive.
According to a Wednesday report from local television broadcaster KATV, Fair Play for Arkansas had reportedly collected and turned in some 100,000 signatures of support for its plan to have a referendum question regarding the casino proposal placed on the November 8 general election ballot. This controversial enterprise, which has received financial support from the casino-operating Choctaw Nation of Oklahoma, is purportedly looking to scupper a plan that is to see the federally-recognized Cherokee Nation of Oklahoma build and run the proposed Legends Resort and Casino on 135 acr…