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Sebi has sent a notice to fugitive businessman Mehul Choksi asking him to pay Rs 5.35 crore in a case pertaining to fraudulent trading in the shares of Gitanjali Gems Ltd. If Choksi fails to make the payment within 15 days, Sebi will recover the amount by attaching and selling his moveable and immoveable property, as well as his bank accounts.

Nifty on Thursday formed a lower top formation on intraday charts and also formed a bearish candle on daily charts. This indicates that the market is weak and may not be able to sustain the highs. Chartists said confirmation of strength could be seen only above the key hurdle at the 18473 mark.

Oil prices eased on Thursday as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling. The main crude benchmarks settled more than $2 higher on Wednesday due to strong April U.S. economic data and optimism surrounding negotiations over the U.S. debt ceiling. A debt agreement needs to be reached and passed by both chambers of Congress before the government runs out of money to pay its bills, which could be as soon as June 1.

Disappointing D-Street investors, 8 Mukesh Ambani-owned companies have given negative returns in the past year.

The Indian rupee fell against the dollar on Thursday, tracking a slump in the Chinese yuan. The rupee closed down 0.26% at 82.60 against the U.S. dollar, compared to its previous close of 82.38. The rupee lost 0.27% on the day, its worst single-day fall since May 9. The offshore yuan depreciated further on Thursday to 7.0408 against the dollar as weak economic data released earlier this week continued to

​If you look at the core from about 5.8, 5.9, however you read it, it has come down to 5.1 to 5.2%. And a poor monsoon, if it plays out, will have an impact on the food prices and that could stop the bond rally.

Revenue from operations during the March quarter rose 76% year-on-year to Rs 14,160 crore. It was Rs 8,021 crore in the corresponding quarter of last year.

Kotak Institutional Equities has initiated coverage on Kfin Technologies with a Buy rating and target price of Rs 400. The brokerage firm believes that KFin Technologies has multiple growth levers beyond the duopolistic MF registry market and that its strategy to accelerate growth (organic + M&As) will augur well in building scale across diversified offerings. KFin is a multi-product, multi-geography diversified financial services infrastructure company with solutions to assets managers, alternate investment funds,

Zydus Lifesciences Ltd reported a 25.36% decline in consolidated net profit at Rs 296.6 crore in the fourth quarter ended March 31, 2023 impacted by impairment of goodwill of a wholly-owned subsidiary. The company, which had posted a consolidated net profit of Rs 397.4 crore in the same quarter of the previous fiscal, said its board has recommended a final dividend of Rs 6 per equity share of Re 1 each, subject to approval of shareholders at the

Gold prices slipped below the Rs 60,000 mark on Thursday as the US Federal Reserve signaled that it may be more hawkish than previously thought. This caused international prices of gold to fall, and the Indian market followed suit. However, there are still long-term prospects for the yellow metal, according to analysts.