Business

NSE shares may trade on its platform under ‘permitted-to-trade’ route NSE could soon have its own shares trading on its platform, even as they are already listed on another stock exchange first. The exchange may not need a separate Sebi approval to do this, as the move could come under its existing ‘permitted-to-trade’ system, an…

MUMBAI: Within hours of Sebi chairman Tuhin Kanta Pandey warning market players about strict regulatory actions against any manipulation with the recently introduced Closing Auction Session (CAS), the regulator late Wednesday banned Copthall Mauritius Investments, a foreign fund from the market till further orders and impounded nearly Rs 3 crore.Sebi alleged that Copthall Mauritius had,…

US President Donald Trump US President Donald Trump turned a routine walk around the White House grounds into a detailed showcase of his latest construction projects on Wednesday (local time), taking reporters through the newly rebuilt driveway, the revamped helipad and other work underway around the complex.Trump used the impromptu tour to point out everything…

The stock limit will be from Sep 1 to Nov 30 NEW DELHI: The government has imposed a stock limit on sugar for bulk consumers, including confectionery makers, soft drink manufacturers, food processing industries, sweetmeat sellers and other institutional buyers. These consumers can hold a maximum of 10 tonnes of sugar for 15 days.The stock…

The proposal is intended to reinforce stability in the foreign exchange market. Facing pressure on external payments, Pakistan has approached the US for a $10 billion facility to bolster its foreign exchange reserves. The move comes as part of moves to boost confidence among international investors, Finance Minister Muhammad Aurangzeb said, according to a PTI…

Investigators found that a significant share of the funds was routed to a small group of overseas destinations. Income Tax crackdown: The Income Tax Department has uncovered a large overseas remittance network that involves as many as 6,422 new entities. These companies collectively transferred Rs 1.29 lakh crore abroad. The findings have already led to…

Gold is targeting 162,000 as the next meaningful resistance, with the current setup continuing to favour the bullish bias. Gold and silver price prediction today: Gold prices are exhibiting a near-term bullish bias with consolidation in focus. Silver is presenting a buying opportunity, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group….

NEW DELHI: Uneven demand, commodity price volatility, trade related uncertainty due to heightened geopolitical tensions and cheap imports are impacting capex decisions of the corporate sector as the investment confidence is still “catching up”, said a paper prepared for the two-day banking conclave this week, which was attended by FM Nirmala Sitharaman.“Large capital projects require…

Indian stock markets head into Thursday’s session with a mix of positive global cues and continuing domestic concerns. The immediate focus is on the potential opening after GIFT Nifty futures pointed to gains, following a sharp rebound across Asian markets. The improvement in global sentiment came after the US Treasury announced plans to double buyback…

MUMBAI: Sebi chairman Tuhin Kanta Pandey on Wednesday said that among several market reforms that the regulator was working on, it was in the process of putting in place “a framework to support global fund-management activity from India.” He also said that the Securities Lending & Borrowing Mechanism (SLBM) and the short selling frameworks were…