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According to the recommendations of a consultation paper, which are soon expected to be transformed into regulations by the Securities and Exchange Board of India (Sebi), a foreign portfolio investor (FPI) which deploys 50% or more of its money in the stocks of a single corporate group will have to reveal the ultimate beneficial owners (UBOs) - down to the last natural persons - behind every investor in the fund pool.

The lender is now focusing on gaining scale by expanding product basket, adding more branches and growing manpower by about a fourth, managing director Ittira Davis told.

Overnight indexed swaps (OIS) are fixed-income derivatives that signal the future course of interest rates and are the principal tool for hedging interest rate risk in India.

The US central bank just published minutes of its July policy meeting, and the record showed that, at the time, most Fed officials saw significant upside risk to inflation, which in turn may require even more tightening.

"The writing is on the wall with 18300 on the horizon. There are two opportunities ahead of us. One, play for a bounce off 50 DMA, near which we have closed for the last two days. Second, prepare for a buy on dips approach, while taking cues from the fact that even a tiresome bear phase that unfolded in Dec 2022, when similar conditions prevailed, lasted only for three months."

Sectorally, buying was seen in power, utilities, FMCG and some infra stocks while selling was visible in IT, metals, public sector and telecom stocks. Stocks that were in focus include names like South Indian Bank which was up more than 6% to hit a fresh 52-week high, Gabriel India rallied more than 10% and BF Utilities closed with gains of more than 3% on Friday.

The company is eighth largest amongst hotel chains with asset ownership in India. It operates hospitality assets under its own brands, The Park, The Park Collection, Zone by Park among others.

Picture this: You’re eager to trade stocks, and while traditional brokers offer personalized advice and cozy coffee meetups, they also come with high commissions.

Two mainboard IPOs of Aeroflex Industries and Vishnu Prakash R Punglia will open for public subscription this week. Beside, there are three other IPOs including that of Aeroflex Industries, which kicked off last week and will be available through the current week.

Though the model has been quite robust, the insurance industry is reinventing itself to new heights where it is going through a profound change and transformation primarily driven by technological advancements focusing on enhancing the customer experience at each touchpoint. Insurance companies are leveraging their industry experience and the new age of innovative advancements to provide their customers with more personalized and customizable product solutions and related services.