Latest Stock Market News

According to a report published by Excellence Enablers - a governance firm owned by former Sebi chairman M Damodaran - only one firm out of the Nifty 100 companies in FY22 did not comply with the requirements. In FY21, there were 17 non-compliant companies, while in FY20, the count was 14.

Acre had earlier raised its all-cash offer to ₹243 crore from ₹230 crore offered in February. It is expected to be the front runner to be declared the winning bidder as rival Asset Reconstruction Co India (Arcil) has not yet made a competing bid.

The New Delhi briefing to the panel by Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch was her first, and an important one, said these people. Henceforth, she will not appear before the committee unless required.

Bajaj Finance reported a strong 20% year-on-year growth in new loan bookings in the quarter ended March, with the figure touching a record high in FY23.

Jain has grown Fort Lauderdale, Florida-based GQG by going against the tide of what he calls “comfort investing” — making decisions by committee rather than taking risks on undervalued public shares.

Gasoline inventories fell by about 4 million barrels, while distillate stocks fell by about 3.7 million barrels, according to the sources, who spoke on condition of anonymity because they were not authorised to speak to the media.

The softer-than-anticipated jobs data led to the markets tweaking its outlook for rate hikes. Markets are now pricing in a 59% chance of the Fed standing pat on interest rates at its next policy meeting in May, CME FedWatch tool showed. Markets were pricing in a 43% chance of Fed not raising interest rates a day earlier.

The S&P 500 energy sector index surged after Saudi Arabia and other OPEC+ oil producers announced unexpected output cuts that could push oil prices toward $100 a barrel. Chevron Corp, Exxon Mobil Corp and Occidental Petroleum Corp all rallied strongly.

ASIFMA describes itself as an independent, regional trade association comprising over 165 leading financial institutions from both the buy and sell sides, including banks, asset managers, professional services firms and market infrastructure service providers.

ASIFMA describes itself as an independent, regional trade association comprising over 165 leading financial institutions from both the buy and sell sides, including banks, asset managers, professional services firms and market infrastructure service providers.