A special court has accepted a closure report filed by the CBI in an offshoot of the NSE co-location scam case involving a company founded by Mumbai’s former police commissioner Sanjay Pandey for auditing of two stock brokers, officials said Tuesday. In its final report, the central agency has said there were violations of SEBI … Read more
Shares of food delivery major Swiggy have declined 26.75% year-to-date, weighed down by back-to-back weak quarterly results and sustained losses despite solid revenue growth. The stock has taken a sharp fall, reflecting investor concerns over profitability, aggressive spending, and rising operational costs. Although the stock has recovered partially since then, it continues to trade below … Read more
Gold prices surged to a fresh all-time high of Rs 1,02,155 per 10 grams on August 7, extending their sharp rally as safe-haven demand continued to gather strength. A confluence of macroeconomic and geopolitical factors—ranging from weak U.S. economic indicators and policy uncertainty to renewed tariff risks—has reinforced gold’s appeal among global investors. With analysts … Read more
The initial public offering (IPO) of National Securities Depository Limited (NSDL), India’s first and largest depository, attracted strong investor interest, with robust subscription continuing on the third and final day of bidding. The issue was booked 41 times overall, indicating solid demand across all investor categories. NSDL shares are trading at a 16% premium in … Read more
Mumbai: Power Finance Corporation will likely launch this week its first public issue of bonds since January 2021, looking to raise up to ₹5,000 crore. The issue, which opens on July 21 and closes on July 28, could have a base size of ₹500 crore and a greenshoe option of ₹4,500 crore, sources said. The … Read more