The Securities and Exchange Board of India said on Thursday that India could soon become the "benchmark" for the capital markets elsewhere in the world because of the several far-reaching reforms, especially on risk management.
Equity indices gave up early gains to close in the red for the third session on the trot on Wednesday, weighed by selling in banking and finance counters amid inflationary pressures and persistent foreign fund outflows. A weak rupee and lacklustre global cues also kept buying sentiment in check, traders said. The 30-share BSE Sensex opened on a firm footing but failed to hold on the momentum, finishing 237.44 points or 0.41 per cent lower at 58,338.93. On similar lines, the broader NSE Nifty dipped 54.65 points or 0.31 per cent to close at 17,475.65.
Indian-origin Rishi Sunak, who will take over as Britain's prime minister from Liz Truss, on Monday promised 'stability and unity' as his priority.
Spectrum allocation for satellite services came up as a dominant theme at the launch of 36 communication satellites by OneWeb, a Bharti group venture, here on Sunday. Following the launch, Bharti Enterprises chairman Sunil Mittal, in a conversation with a group of reporters, reiterated that spectrum auction did not make sense in the case of satellite services. "This (satellite services) is not competing with mobile services where you can justify the auction.
As India observes state mourning on Sunday over Queen Elizabeth II's death, many people questioned the decision after the government's attempts to remove 'symbols of slavery' by rechristening Rajpath and unveiling a new naval ensign drawing inspiration from Chhatrapati Shivaji.
Global business management and software solutions company Sage Group has acquired London-based software services company Snowdrop systems for an enterprise value of 17 million pounds (about Rs 138.55 crore).
After a meeting of the Group of Ministers on coronavirus, the government has proposed a set of social distancing measures to be in force till March 31, the officials told reporters.
'The news about the new virus strain in the UK provided them with an opportunity to take money off the table.'
Amid sustained weakness across categories, the Indian stock market remained below the trillion-dollar mark for the third consecutive day today, as the total valuation of all listed companies slipped further to $944 billion.
Aseem Chhabra highlights 10 films that moved him, films that may show up in theatres near you.
Once stability returns to the secondary market, companies that have obtained approval from Sebi will start tapping the market.
The BSE Mid-cap index gained 1.1% while the Small-cap index surged 1.3%, outperforming the benchmark indices
As India goes into firming up trade deals with developed nations like Australia, the United Kingdom (UK) and the regional bloc, and the European Union (EU), it will have to be well prepared to negotiate on new-generation issues, such as data protection regulation, e-commerce, and environment. India is yet to negotiate pacts with its trading partners on these evolving issues since discussions between them have until now been largely focused on tariff and non-tariff barriers and the rules of origin. "We can no longer look at trade just as trade. We have to look at it in totality of global and regional conditions.
No let-up in selling by foreign investors amid profit-booking at higher levels.
Kartar Lalwani, NRI, founder-managing director of Vitabiotics, a vitamin supplement company, was adjudged the Entrepreneur of the Year at a function in London on Tuesday night.
Country accounts for 38% of telco's global user base, 10% of total revenue
On the Sensex chart, NTPC, SBI, UltraTech Cement, ICICI Bank, Tata Steel, Bajaj Finserv and Bjaja Finance were among the major laggards, shedding as much as 1.63 per cent.
India is the second-largest global venture capital investment hub for digital shopping companies, growing by a whopping 175 per cent from $8 billion in 2020 to $22 billion in 2021, according to an official analysis released here on Wednesday. On a global scale, India came in second to the US last year, which attracted $51 billion in investment, followed by China at third with $14 billion and the UK at fourth with $7 billion. Within India, Bengaluru comes out on top globally with $14 billion worth of Venture Capital (VC) investments in digital shopping in 2021, followed by Gurugram at No. 7 with $4 billion and Mumbai at No. 10 with $3 billion.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
The Congress released a booklet 'Nau saal, Nau sawaal', asking nine questions from Modi. The BJP rejected the Congress' criticism as a 'bundle of lies and mountain of deception' and said the questions are born out of 'pathological hatred' of the PM.
Friday's explosion on the London tube is the latest in a string of terror attacks in the United Kingdom in recent years. Here is a timeline of the terror that has unfolded in the UK.
King Charles III, Britain's new monarch who ascended to the throne on the death of his mother Queen Elizabeth II, has a strong connection with India and its age-old traditions of Yoga and Ayurveda.
The opening ceremony has been created by British screenwriter Steven Knight, who had produced the famous crime drama 'Peaky Blinders'.
Francis Mcauley, international director, Debenhams, a chain of department stores based in the UK, was recently in Delhi for the opening of the first Debenhams store in India. He speaks to Business Standard about the company's plans for the Indian market.
Even as the Group of Seven (G7) price cap on Russian crude oil enters into force as of December 5, India has been assured it will continue to receive the existing deep discounts on Russian oil, for the time being, informed officials. "We have been assured by our Russian partners of uninterrupted crude supplies at the existing rates for the time being. "There were a lot of reports of changes in (India's) buying patterns after the global price cap took hold.
About 15 lakh small and medium businesses from India are using Facebook to reach out to customers.
Auto, pharma, IT, chemicals among sectors with significant reliance on UK and European nations with Tata Motors, Motherson Sumi, Tata Steel, TCS, Wipro, Infosys and Tech M among key names.
India has been at the forefront of efforts at the UN to push for urgent long-pending reform of the Security Council, emphasising that it rightly deserves a place at the UN high table as a permanent member.
The government of British Prime Minister Theresa May was plunged into turmoil.
The report forecasts that by 2020, four out of every five smartphone connections worldwide will come from the developing world.
A sudden surge in wealth because of stock market gains after the pandemic could be one of the factors behind the relatively lower share of philanthropy in total wealth.
Broader market outperformed the headline indices with BSE Midcap and Smallcap finishing the day 1.22%, and 1.54% higher, respectively
The BSE Sensex spurted 130.00 points to end at 35,980.93, while the broader NSE Nifty advanced 30.35 points to 10,802.15.
Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, were on Friday hiked by a steep 40 per cent to record levels, in step with global firming up of energy rates. The rate paid for gas produced from old fields, which make up for about two-thirds of all gas produced in the country, was hiked to $8.57 per million British thermal units from the current $6.1, according to an order from the oil ministry's Petroleum Planning and Analysis Cell (PPAC). Simultaneously, the price of gas from difficult and newer fields like the ones in Reliance Industries Ltd and its partner bp plc operated deepsea D6 block in KG basin, was hiked to $12.6 per mmBtu from $9.92, the order said.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances