News Overview

Aditya Birla Sun Life AMC (ABSLAMC) has been granted approval by IFSCA on 28 November 2022 to act as ?Registered Fund Management Entity (NonRetail)? and carry out Alternative Investment Fund (AIF) and Portfolio Management Services (PMS) through a branch office in International Financial Services Centre (IFSC) in India. ABSLAMCs move to set up a new unit at the Gujarat International Finance Tec-City (GIFT City) is […]

The Reserve Bank of India (RBI) announced that it will launch the first pilot for retail digital Rupee (e&8377;-R) on 1 December 2022. The pilot will cover select locations in closed user group (CUG) comprising participating customers and merchants. The e&8377;-R would be in the form of a digital token that represents legal tender. It would be issued in the same denominations that paper currency […]

Nifty FMCG index closed up 1.87% at 45078.55 today. The index is up 3.00% over last one month. Among the constituents, Dabur India Ltd gained 6.18%, Emami Ltd jumped 6.15% and Hindustan Unilever Ltd rose 4.32%. The Nifty FMCG index is up 21.00% over last one year compared to the 9.17% surge in benchmark Nifty 50 index. In other indices, Nifty Metal index added 1.03% […]

ICICI Bank has allotted 551,227 equity shares of face value of 2 each on 29 November 2022 under the Employee Stock Option Scheme (ESOS). Powered by Capital Market – Live News

The headline equity indices ended with decent gains on Tuesday, extending gains for the sixth trading session. The Sensex and the Nifty hit record high levels. The Nifty closed above the 18,600 level. FMCG, metal and pharma stocks were in demand while realty, auto and oil & gas shares declined. As per provisional closing data, the barometer index, the S&P BSE Sensex, gained 177.04 points […]

At an event held yesterday, St. Louis Fed President Jim Bullard talked about the level of the policy rate needed to put sufficient downward pressure on inflation. Bullard stated that the policy rate would need to reach at least the bottom end of a 5% to 7% range to be sufficiently restrictive, given the data the Federal Open Market Committee has today. I also think […]

On 20 December 2022

On 5 December 2022

On 2 December 2022

The board of Piramal Enterprises will meet on Thursday, 1 December 2022, to consider and approve non convertible debentures (NCD) aggregating total size up to Rs 250 crore, on a private placement basis.