Bharti Airtel, Vodafone Idea shares snap 4-day winning streak despite FM’s mega telecom relief

Shares of telecom firms Bharti Airtel, Vodafone Idea snapped their 4-day winning streak after the government provided relief to the sector in terms of a two-year moratorium on spectrum-related dues.
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BPCL share price slumps from 52-week high after govt’s mega privatisation bid

Shares of state-run oil giaint BPCL slumped from 52-week high on Thursday morning, after the Narendra Modi-led government announced its mega privatisation bid.

congress, BPCL disinvestment, BPCL, bharat petroleum disinvestment, BPCL Numaligarh Refinery News

Zee Entertainment share price up 19% after promoters sell stake to financial investors to pay debt

Zee Entertainment share price surged after the promoter group announced a plan to sell nearly 16 per cent stake in the company for Rs 4,343 crore.

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Alibaba to pay banks up to $32.3 million in fees for Hong Kong listing

The e-commerce giant employed two co-sponsors, China International Capital Corp (CICC) and Credit Suisse, to head the deal which has been carried out over the past week.

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First fixed income ETF of bluechip PSUs likely by December

Compared with bank fixed deposits that generate a post-tax return of around 5.5 per cent, this product could generate a return of over 7 per cent for the investors.

Markets News

Share market LIVE: BPCL disinvestment, FM’s telecom relief fail to lift sentiment; Sensex ends lower

Share Market News Today | Sensex, Nifty, Share Prices LIVE: The Narendra Modi-led government's latest BPCL privatisation boost and mega telecom relief failed to lift sentiments on Thursday, as the Se

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Global markets: Asian shares slide as US-China spat on Hong Kong clouds trade deal outlook

On Wall Street, all three major indexes fell, with the S&P 500 losing 0.38%.

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Block deal: Essel Group to sell 16.5% stake in Zee

In July, ZEEL had announced that Invesco Oppenheimer Developing Markets Fund had agreed to buy up to 11% stake from promoters, for Rs 4,224 crore.

The Essel Group has been in the process of divesting its key assets to repay lenders. News

New guidelines: Sebi says listed companies must disclose default in 31 days

The capital market regulator also raised the net worth requirement for PMS (portfolio management schemes) to Rs 5 crore from Rs 2 crore earlier, giving the existing schemes three years to fall in line

Ajay Tyagi, Sebi chairman News

Stock corner: Initiate with ‘buy’ on Tata Global Beverages with target price of Rs 347

To achieve its aim of building a dominant, natural beverages brand in the country, the company has shifted its focus back to the highly profitable India beverage business.

Currently, the India brand business contributes 50% to TGB’s consolidated revenue, which should increase to ~60% post amalgamation of TTCH’s consumer business. News

Stock corner: ‘Neutral’ on BPCL with target price of Rs 533

India is the third largest petroleum consumer in the world after the US and China with consumption of ~5.2kbopd.

We analysed various valuation methodologies for BPCL, to arrive at a target price range of INR518-593/share. News

Sebi action: Stricter default reporting rules; rights issue timeline reduced

The philosophy is about more information being out in the public domain that would help guide investors and other stakeholders, says regulator’s chairman

Securities and Exchange Board of India chairman Ajay Tyagi at a press conference in Mumbai on Wednesday (Express Photo: Pradip Das) News

Not so sweet: Sugar output falls 64% till Nov 15 in ongoing season

The total production during sugar season 2019-20 would be around 26.85 million tonne, without considering the impact of sugar reduction due to diversion of B heavy molasses/sugarcane juice to ethanol,

The reason being sugar mills in Maharashtra have not yet started crushing operation this season News

Delhi HC restrains Reliance Capital from selling 5% stake in RNAM till Dec 16

In the alternative, the real estate firm also asked the HC to restrain RCap from transferring, selling or creating third-party rights with regard to 5% RNAM shares or any other assets or deposit the s

Justice JR Midha on Tuesday passed the order after Mazson Builders sought a direction to RCap to deposit Rs 76.82 crore with the court till the arbitration between the two is over. News

Sebi hikes portfolio management scheme limit to Rs 50 lakh, networth requirement to Rs 5 cr

PMS offers investors a range of specialised investment strategies to capitalise on opportunities in the market and made suitable to the needs of individual clients.

Markets News

Sebi to act against companies not disclosing whistleblower complaints, says chief Ajay Tyagi

"If companies are 'fooling' by disclosing information to boost sentiment, action will be taken," Tyagi told reporters after the regulator's board meeting here.

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Sebi tightens disclosure norms on loan defaults

In case of default in repayment of principle or interest on loans beyond 30 days, listed companies will have to disclose "fact of such a default" within 24 hours, the regulator said after its board me

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PMS investor? Your minimum investment limit has been hiked by SEBI; key highlights from board meet

The capital market regulator SEBI on Wednesday said that the minimum investment limit has been increased to Rs  Rs 50 lakh in case of a PMS fund, from Rs 25 lakh earlier. Notably, SEBI has also hiked

Markets News

Morgan Stanley’s Ridham Desai has this good news on growth; check top stock picks

Even as the economy sees a slowdown, India’s GDP growth is expected to recover in the early part of next year, said a veteran investor.

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Reliance Industries kissing distance away from Rs 10 lakh crore mcap as shares soar to fresh record high

Billionaire Mukesh Ambani-led Reliance Industries is just kissing distance away from the Rs 10 lakh crore in market capitalisation, even as the shares soar to all-time high.

Reliance jio, mukesh ambani, IUC, Bharti Airtel, Vodafone Idea, TRAI, Telecom regulator, indian telecom market, jio 4g services News

Alibaba eyes $12.9 billion Hong Kong IPO after setting price, say reports

Asia's biggest company has called the listing a multi-billion-dollar vote of confidence in the city's markets as it is wracked by months of violent protests and the China-US trade war, which have sent

Markets News

Oil prices steady after two-day drop as growth concerns weigh

West Texas Intermediate (WTI) crude futures rose 11 cents, or 0.2%, to $55.32 a barrel by 0252 GMT, after falling 4.3% during the previous two sessions.

Commodities News

Share Market highlights: Sensex ends lower from record high, Nifty near 12,000; RIL zooms to all-time high

Share Market News Today | Sensex, Nifty, Share Prices LIVE: The Sensex receded from record high on Wednesday afternoon, to end below its previous closing high.

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Sebi issues directions on margins collection in cash segment

Markets regulator Sebi on Tuesday said trading and clearing members should compulsorily collect upfront certain margins from their clients in the cash segment.

Markets News
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