During the announcement of its March quarter results, SBI declared a dividend of Rs 11.30 per share for the fiscal year 2023 against Rs 7.10 a share in FY22.
In eleven separate orders, the regulator levied a fine of Rs 5 lakh each on Shilpa Chhabra, Shreya Kumari, Sharad Shivnarayan Kasat, Shri Krishan Goyal HUF, Shailesh Singh Prem Singh Negi, Shashank Tekriwal, Sheetal Gupta and Shri Ram Commodities.
The proposed framework would deal with malpractices by market participants, who use new-age technologies by way of encrypted or vanishing messages, and modus operandi to evade the law.
Under the proposal, Category I and Category II AIFs should not borrow funds directly or indirectly or engage in leverage for the purpose of making investments, Sebi said in its consultation paper.
At present, Sebi allows asset management companies to charge unitholders of mutual fund four additional type of expenses over and above the specified TER limits.
The Securities and Exchange Board of India, in a court filing, said it has already approached eleven overseas regulators for information to examine if the Adani group had violated any norms regarding its publicly available shares.
Fractional ownership typically refers to small investment holdings of real estate assets. A number of web based platforms have mushroomed in the past three years which allow investors to invest in malls, warehouses, buildings and so forth.
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FPIs purchased shares worth 116.31 billion Indian rupees ($1.42 billion) on a net basis in April, the highest since November 2022.
A surge in retail investors in equity markets during the COVID-19 pandemic led to a proliferation of influencers pushing financial advice on social media platforms.
The stock of Shakti Pumps Ltd was trading 4.88 percent higher at Rs 457.85, on BSE at 9:40 AM. The stock has given a return of 13.34 percent since the start of this year outperforming the Nifty50 benchmark index which has lost nearly 3 percent of its value since the start of this year. Whereas the stock has underperformed the benchmark index Nifty50 over the last five years by giving a return of negative 38.26 percent.
The stock has given a return of 40.25 percent since the start of 2023, outperforming the Sensex, which has lost 3.10 percent during the period
RBI has surprised the market by maintaining its interest rates, as the country experiences a slowdown in growth, particularly in consumption. Invesco believes that India's economic growth will pause in 2023 due to the impact of higher interest rates and a global growth slowdown.
The eligible issuers would be notified by the LPCC as per its risk management policy, the Securities and Exchange Board of India (SEBI) said in a circular.
As per brokerage firm Prabhudas Lilladher, HDFC Bank Q4 Net Profit is seen up 21.8% YoY to Rs. 12,245.4 cr. Net Interest Income (NII) is expected to increase by 32.5 percent Y-o-Y (up 8.8 percent Q-o-Q) to Rs. 24,999.9 crore.
Goldman Sachs is optimistic about Bandhan Bank's future prospects, expecting the bank to emerge from its earnings cut cycle soon. The brokerage firm predicts that the bank will experience an increase in return on assets (ROA) and return on equity (ROE) over the fiscal years 2024 and 2025.
In two separate orders, Sebi found that these entities were engaged in the business of providing investment advice to their clients, for consideration, without obtaining Sebi's registration.
The World Bank identified a number of challenges conspiring to reduce global growth, including weak investment, sluggish productivity growth, restrictive trade measures such as tariffs and the negative effects of the pandemic.
Dhanlaxmi bank stock has given a return of 21 percent over the last one year. Whereas it has underperformed Nifty over the last 5 years by giving a return of -35.5 percent. Since the beginning of the year the stock has given a return of -24 percent.
Trends in the SGX Nifty indicate a positive start for the broader index in India with a gain of 35 points on Monday on the back of upbeat trading in Asian and Western markets
Recently, Bandhan Bank shares hit three year lows and has given a negative 7.54 percent return over the last one week. The stock touched a 3-year low of Rs 185.45 on Tuesday due to volume based heavy selling.
India's market capitalization currently stands at $2.99 trillion, a level last seen on 23 June 2022. It is currently ranked sixth among the top 10 most valued countries.
The percentage of companies which see the “uncertainty of bilateral relations” as their leading challenge in China has risen to 66 percent. At the same time, the number of companies which think that China has become less welcoming to foreign companies has grown to 49 percent, the survey found.
Recent data on the global economy, inflation and impending recession supports Warren Buffett's eternal words of investing wisdom.
While the recent withdrawals from banks in the United States may have caused concern, experts agree that they do not indicate a larger problem in the banking system