OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday and removed the U.S. government’s Energy Information Administration from the sources used to monitor its production and adherence to supply pacts. OPEC+ and Donald Trump clashed repeatedly during his first administration in 2016-2020 when the U.S. President demanded it … Read more
Garden Reach Shipbuilders Engineers (GRSE) on Monday reported 11% year-on-year (YoY) growth in its net profit at Rs 98 crore for the quarter ended December 2024. The same stood at Rs 88 crore in the year-ago period. Revenue from operations, meanwhile, jumped 38% YoY to Rs 1271 crore in the reporting period, compared with Rs … Read more
Markets regulator Sebi on Wednesday proposed reviewing the investor charter for stock brokers in a bid to boost financial consumer protection alongside enhanced financial inclusion and financial literacy. The proposal is also in view of the recent developments in the securities market including introduction of Online Dispute Resolution (ODR) platform and SCORES 2.0 – a … Read more
Packaged snack maker Prataap Snacks has received an open offer from Authum Investment & Infrastructure and Mahi Madhusudan Kela to acquire up to 62.98 lakh equity shares which represent 26.01% stake in the company at Rs 865.66 per share. The cash offer comprises a price of Rs 864 per equity share along with an interest … Read more
Lack of an advisory ecosystem in India is the biggest impediment for the domestic mutual fund industry, Zerodha Founder and CEO Nithin Kamath said as he lamented inadequate number of Registered Investment Advisors (RIAs) and Mutual Fund Distributors (MFDs). While Zerodha offers direct plans, the entrepreneur acknowledged the role of MFDs in taking the industry … Read more
Capital markets regulator Sebi has directed Mishtann Foods to bring back nearly Rs 100 crore, an amount the company allegedly misappropriated through dubious transactions with related parties. The regulator, in its extensive investigation, found that the company has transferred the fund among promoters, directors, and their relatives under the guise of legitimate trade activities. The … Read more
Markets regulator Sebi on Thursday asked merchant bankers to upload and maintain due diligence documents related to public issues on the repository platform maintained by stock exchanges. The uploaded documents can be accessed by the relevant merchant banker using individual login credentials. However, such documents must be available for the purpose of supervisory functions of … Read more
Matrimony.com’s Rs 72 crore share buyback, which was announced earlier in September, has opened for eligible shareholders on Wednesday, October 30 and will be available till November 6. “This is to inform you that Matrimony.com Limited (the “Company”) has dispatched the Letter of Offer for the Buyback to eligible shareholders holding Equity Shares on the … Read more
The Nifty remained volatile during the day before closing with a meaningful gain after several days. On the downside, it sustained above the previous day’s low, indicating strength in buying. Nifty formed a high wave type candle on October 28 after a fall hinting at the start of an upward correction. Nifty could now rise … Read more
Zerodha founder Nithin Kamath on Wednesday said risk management is one of the most important factors that will allow investors or traders to maintain longevity in markets. “In the 20+ years in this business, I haven’t seen anyone who has kept profits from trading without good risk management. I know many who’ve lost quickly. If … Read more