G20 leaders decide on swift implementation of crypto reporting framework

The G-20 leaders on Saturday decided on swift implementation of the reporting framework for crypto assets, saying a significant number of member nations want information exchange on such non-financial assets to start by 2027. The Crypto Asset Reporting Framework (CARF) or template is being developed to make sure that such non-financial assets are not used by tax evaders to conceal their unaccounted wealth. "We call for the swift implementation of the CryptoAsset Reporting Framework ("CARF") and amendments to the CRS. We ask the Global Forum on Transparency and Exchange of Information for Tax Purposes to identify an appropriate and coordinated timeline to commence exchanges by relevant jurisdictions," said the G20 Leaders' declaration, which was adopted by consensus. The leaders of 20 developing and developed nations have reaffirmed the commitment to continue cooperation towards a globally fair, sustainable and modern international tax system appropriate to the needs of the 21st ...

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Gold up by Rs 100, silver unchanged; yellow metal trading at Rs 60,000/10g

The price of 22-carat gold was also up by Rs 100, with the yellow metal selling at Rs 55,000

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PM Modi enjoys a $3.8 trillion market moment as G20 leaders fly in

Boosted by one of the world's fastest growing economies, solid corporate earnings and an unprecedented retail investing boom, the nation's equity benchmark is also approaching an all-time high

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Securities Appellate Tribunal defers Zee-Sebi matter to September 13

The confirmatory order passed by Sebi chief Madhabi Puri Buch barred Goenka from holding any key managerial positions in the Zee group of companies

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Gold, silver prices unchanged, yellow metal selling at Rs 59,890 per 10g

The price of 22-carat gold also remained stable, with the yellow metal selling at Rs 54,900

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F&O: A bull spread strategy for M&M Finance may be suitable for Sept series

The stock price formed bullish hammer candle stick pattern on September 6

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Cochin Shipyard gains 20%, Sandur Manganese lists on NSE, and more

The initial public offering (IPO) of Jupiter Lifeline Hospitals was subscribed 3.3 times on Thursday, the second day of the issue

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India's $775 bn stock boom at risk as small caps show signs of overheating

Still, the pace of gains in smaller stocks relative to large caps has raised caution about the near-term outlook for the latest uptrend in Indian stocks

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Trailblazing rules to boost India's ESG mkt, to attract investors: JPMorgan

India rolled out several measures over past 2 years to regulate its market for green and other assets, most recently allowing domestic fund managers to launch plans under 6 types of ESG strategies

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Larsen & Toubro gains 2%, hits new high ahead of record date for buyback

The company has fixed September 12, 2023 as the record date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback

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Tata Consumer dips 3% after it denies 51% stake buy buzz in Haldiram's

The company said it evaluates various strategic opportunities for growth and expansion of the business of the company on an ongoing basis

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Cochin Shipyard surges 15%, hits new high in weak market on strong outlook

The stock hit a new high of Rs 1,096.85, and has zoomed 98 per cent in the past three months

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Sell Nifty Auto index on rise as charts show bearish near-term trend

The pivot level for this month, for example, is at 15,550, further supporting the case for a potential downward move in Nifty Auto index

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Markets log 4th day of gains on buying in HDFC Bank, Asian markets

Fag-end buying helped the BSE Sensex climb 100.26 points or 0.15 per cent to settle at 65,880.52

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Sugar shares rally on higher prices; Uttam, Avadh, Dalmia soar up to 10%

Sugar prices rose to a six-year high on Tuesday, amid concerns over a deficient monsoon.

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Gold, silver prices unchanged; yellow metal trading at Rs 60,160 per 10g

The price of 22-carat gold was also unchanged, with the yellow metal selling at Rs 55,150

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Sebi faces an uphill battle: Why 'finfluencers' will always find addicts

In a recently circulated consultation paper, Sebi vowed to "disrupt the revenue model" of "finfluencers" by forcing all regulated entities to cut ties with them

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Stock Market LIVE: Asian indices slide as oil prices hit 10-month high

Stock market LIVE updates on September 6, 2023: Brent crude futures surpassed the $90 per barrel-mark, highest sinc November 2022, after Saudi Arabia and Russia extended voluntary oil production cuts

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FMCG index may see pullback rally; Metal index ripe for profit booking

In the short term, the Nifty FMCG index's first target range is expected to be between 52,000 and 52,175

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Oil goes past $90 a barrel after Saudi Arabia, Russia prolong cuts

The dual announcements from Riyadh and Moscow pushed benchmark Brent crude above $90 a barrel in trading

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Raymond surges 10%, hits record high on healthy business outlook

Brokerage firm Motilal Oswal Financial Services has initiated coverage on the stock with a 'BUY' rating and a target price of Rs 2,600 per share

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Rally in Nifty PSU Bank index might lose stream as it nears resistance zone

Only when the index manages to close 4,680 level, it could signify a breakout on the charts, potentially opening the door to further gains

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Sebi brings new format for abridged prospectus for debt securities

Capital markets regulator Sebi on Monday came out with a new format for abridged prospectus for public issuance of non-convertible debt securities wherein critical information will be provided on the front page of the offer document. Besides, the issuer or merchant bankers concerned should include a Quick Response (QR) code so that the prospectus can be accessed on scanning the code. The format has been revised to further simplify and provide greater clarity and consistency in the disclosures across various documents, the Securities and Exchange Board of India (Sebi) said in a circular. The new format will be applicable for all public issues opening on or after October 1, 2023. Under the rules, no form of application for the purchase of securities of a company will be issued unless such a form is accompanied by an abridged prospectus. As per the revised format, an issuer will have to disclose the name as a type of instrument, base size, face value, the option to retain ...

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Sebi fines Rs 7 lakh on Shapoorji Pallonji for violating disclosure rules

Capital markets regulator Sebi has imposed a penalty of Rs 7 lakh on Shapoorji Pallonji and Company for flouting disclosure norms. In its order, Sebi found that Shapoorji Pallonji and Company did not take prior approval from the stock exchange for converting non-convertible debentures (NCDs) into a term loan way back in March 2021. Also, it failed to submit auditor's certificate on utilization of funds, half yearly certificate on maintenance of asset cover and annual report to the debenture trustee, the Securities and Exchange Board of India (Sebi) said in its 64-page order passed on Thursday. Additionally, the company had not updated certain information on its website as required under the Listing Obligations and Disclosure Requirements (LODR) Regulations. Those details are pertaining to notice of meeting of the board of directors where financial results would be discussed; financial results; complete copy of the annual report after FY 2019-20; information, report, notices, call .

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BSE ups share buyback price, fixes record date; stock soars 28% in 4 days

BSE announced increase in the buyback offer price from Rs 816 per equity share to Rs 1080 per share.

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GMR Power zooms 20% as Group wins contract worth of Rs 5,123 cr in UP

The company said the total contract value for Prayagraj & Mirzapur Zone is about Rs 2,386.72 crore and for Varanasi & Azamgarh Zone is about Rs 2,736.65 crore.

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IRFC zooms 28% in 2 days on heavy volumes; market-cap hits Rs 80,000 crore

Shares of state run financier Indian Railway Finance Corporation (IRFC) hit a record high of Rs 64.50, nearly doubled since July, from the level of Rs 32.35 on the BSE.

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Gold, silver prices unchanged; yellow metal trading at Rs 60,220 per 10g

The price of 22-carat gold was also unchanged, with the yellow metal selling at Rs 55,200

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