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阿拉爱上海

‘Too premature to comment’ – NCERT on name change of India to Bharat in all school textbooks

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NCERT Panel Recommends Replacing ‘India’ with ‘Bharat’: The National Council of Educational Research and Training (NCERT) has reportedly accepted the recommendation of adopting the name ‘Bharat’ instead of ‘India’, according to PTI. This means if the panel’s recommendations are accepted then the new books published under NCERT will have ‘Bharat’ as the new name of India in all school textbooks. Reacting to the development, the NCERT has issued a statement saying that it is ‘too premature to comment’ on the name change. It also added that the development of new syllabus and textbooks is under the process. The committee who …

阿拉爱上海

Adani Enterprises, Bharat Electronics among 80 stocks to hit 52-week high on BSE, 18 scrips at fresh lows

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Domestic stock markets were trading with strong gains on Monday tracking strength in Asian and US equities. The BSE Sensex rose over 500 points to 54,295, and the NSE Nifty 50 advanced 162 points to 16,212. The broader markets also opened in green with the BSE MidCap and SmallCap indices inching up 0.8%. All sectors opened in green with Nifty IT and metals leading gains, rising up to 1.7 per cent. PSBs, realty and pharma indices were the next top winners. Among stocks, BEL soared over 4% after the company posted a net profit of Rs.431.49 crores in Q1 FY23 …

上海后花园论坛

Nifty may top 19000, make new all-time high in a year as crude, monsoon, rural incomes turn favourable

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NSE Nifty 50 may make a new all-time high of 19,066 points by June 2023, as global headwinds subside and commodities prices turn benign, brokerage firm Prabhudas Lilladher said, raising their base case target. The worst might be over for equities markets as global headwinds subside and prices of Crude, Metals, Palm Oil, and Agri commodities fall. “We believe softening prices of crude, bountiful monsoons, sharp increase in rural incomes from firm crop prices and improving labour employment will be key demand drivers in coming quarters,” Prabhudas Lillladher said in a report. The firm’s analysts earlier had a target of …

阿拉爱上海

Govt allows insurers to invest in GIFT IFSC

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By Ashley Coutinho Life Insurance Corporation of India’s (LIC) bid to buy a 15% stake in India International Exchange (India INX), an international exchange, and a similar stake in India International Clearing Corporation (India ICC) — both promoted by BSE and located at GIFT IFSC — may come to fruition after the government tweaked provisions of the Insurance Act last week to allow Indian insurers to invest in the International Financial Services Centre (IFSC) at GIFT city, Gujarat. LIC had approached insurance regulator IRDAI for purchasing a stake in India INX earlier this year under the overseas direct investment route. …

上海龙凤419

Barring dollar, rupee has risen against key currencies: Surge mirrors strong macro fundamentals, says FinMin official

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Even as the rupee tests the psychological 80-per-dollar mark, it has not just held up against other major global currencies but appreciated considerably against them this year, in a “testament to the resilience of the Indian economy”, a senior finance ministry official told FE. Since January, the rupee has appreciated 4.97% against the euro, 6.25% against the British pound and 12.25% against the Japanese yen. This is in sharp contrast with its 6.9% fall against the dollar in the wake of a rate tightening by the US Federal Reserve and consequent capital flight, and the adverse impact of the Ukraine …

夜上海论坛

Bharat Electronics share price jumps 6% to new 52-week high, Q1 profit rises 15-fold; buy, sell, or hold?

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Bharat Electronics (BEL) share price soared more than 6 per cent to a fresh 52-week high of Rs 260.75 apiece on Monday, on a 15-fold rise in Q1 profit. Bharat Electronics net profit in first quarter of current fiscal rose 1401.64% to Rs 365.65 crore as against Rs 24.35 crore during the previous quarter ended June 2021. On Monday, BEL stock witnessed a sudden surge in its volumes, supporting the price move. In volume terms, a total of 20 lakh shares exchanged hands on BSE, while 2.96 crore scrips were traded on NSE, so far in the day. Ravi Singh, …

夜上海论坛

HCL Technologies, TCS, Wipro among 28 stocks to hit 52-week low on BSE, 66 scrips at fresh highs

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Benchmark indices were up marginally in noon deals on Friday amid a weak global sentiment on fears of a likely aggressive rate hike by the US Federal Reserve. The BSE Sensex was up 50-odd points at 53,480. The NSE Nifty50 languished around 15,960. The broader markets also held marginal gains. The BSE MidCap and SmallCap indices were up 0.4 per cent and 0.1 per cent, respectively. “The major drag on the market continues to be the FII selling which has exceeded $30 billion, so far this year. But this month, FIIs have been buyers for 2 days including yesterday. This …

上海后花园论坛

Proxy advisory firms raise flag against Sajjan Jindal’s remuneration

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Two proxy advisory firms have raised flags against certain resolutions proposed by JSW Steel, including fixing remuneration of its managing director Sajjan Jindal, and recommended shareholders vote against them. The advisories by Institutional Investor Advisory Services (IiAS) and Stakeholders Empowerment Services (SES) come ahead of JSW Steel’s AGM on July 20. The e-voting for the resolutions began on July 16 and ends on July 19. “While we support Jindal’s reappointment as managing director, we do not support the proposed remuneration,” IiAS said in its note. “His FY22 remuneration aggregated `140 crore, making him possibly the highest-paid executive in corporate India, …

上海419论坛

Funds outflow has bearing on rupee: Bulk of FPI selling in banks, IT firms

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By Ashley Coutinho A risk-off sentiment has gripped global equities as major central banks have stepped up their fight against rising inflation. In CY22, FPIs have offloaded the most in financial services and information technology stocks, sectors which together have about 50% weightage in key benchmark indices. Assets under custody of IT stocks have fallen 36% to $64.6 billion in the six months to June 30, 2022, while that of financial services firms have shrunk 15% to $162.7 billion, data from NSDL show. “FPI selling, trade imbalance and the strengthening seen in the dollar index have contributed to the fall …

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Rakesh Jhunjhunwala stock: Brokerages bullish on Federal Bank stock, see 32% potential rally

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Rakesh Jhunjhunwala’s portfolio stock Federal bank share price surged nearly 4 per cent to Rs 102.7 apiece on BSE on Monday. The jump comes after the lender posted a 63.5 per cent rise in standalone net profit at Rs 600.6 crore in April- June quarter of FY23, as compared to Rs 367 crore in the same quarter last year. At least three research and brokerage firms are bullish on the stock and see up to 32 per cent upside potential in the stock price Stock talk: Should you buy, hold or sell Federal Bank shares? Motilal Oswal: BuyTarget price: Rs …

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