The Finance Industry Development Council (FIDC) has urged for a dedicated refinance window through Small Industries Development Bank of India (Sidbi) to reduce NBFCs' reliance on banks and address liquidity challenges. FIDC also seeks harmonisation of regulations with banks for tax benefits and recovery processes. RBI has raised concerns about NBFCs' heavy reliance on bank funding, prompting calls for regulatory alignment and improved access to funds for NBFCs.
A total of 457 shares changed hands on the counter till 12:42PM (IST)
Canada prepares new tariffs on Chinese electric vehicles to align with US and EU actions. Pressure on Trudeau to follow Biden's lead. Concerns over China's overproduction of EVs. Ontario Premier calls for matching tariffs to protect Canadian jobs.
Odisha's Balasore town has relaxed curfew for six hours to allow people to buy essential items. The curfew was lifted after a group clash involving 10 people injured in stone pelting incidents. Internet service will remain suspended until 10 am on June 22. Chief Minister Mohan Charan Majhi appealed to the people to maintain peace.
Stanley Lifestyles' initial public offering (IPO), which began accepting subscriptions on Friday, was 0.38 times subscribed by noon. The IPO received bids for 38,67,400 shares, whereas there were 1,02,41,507 shares available for subscription.
Maximising returns from FDs: When you use a fixed deposit ladder, you don't need to predict interest rate changes to find the best time to book your FD. Instead, you should book according to your ladder requirements. This way, the impact of interest rate changes is spread out because some FDs may be booked at lower rates while others may be booked at higher rates.
Hindustan Zinc Limited signed an MoU with AEsir Technologies Inc, a US company specialising in Zinc battery technologies. Hindustan Zinc will supply Zinc to AEsir for Zinc-based batteries, offering higher power at lower costs with longer lifespans. This partnership aligns with Hindustan Zinc’s focus on sustainable metal production for the global energy transition. AEsir's Nickel Zinc batteries are used in defence, renewable energy, and critical infrastructure.
A total of 262,077 shares changed hands on the counter till time (IST).
In May, several MFs reduced tech stock weights by 0.1%-0.9%, with HSBC making the highest cut at 0.9%. HDFC MF, Mirae, and Franklin Templeton increased weights by up to 0.2%.
In May, British public debt reached its highest level since 1961, standing at 99.8% of GDP, or £2.742 trillion. Despite lower-than-expected borrowing of £15 billion for the month, the ongoing fiscal challenges persist, influenced by pandemic-related spending, slow economic growth, and high interest rates.
The Rs 3,500 crore Avanse Financial IPO comprises a fresh equity sale of Rs 1,000 crore and an offer for sale (OFS) of up to Rs 2,500 crore by the existing shareholders. Under the OFS, Olive Vine Investment, International Finance Corporation, and Kedaara Capital Growth Fund III will offload shares. Net proceeds for the issue will be utilised for augmenting the capital base to meet the future capital requirements arising out of the growth of business and assets.
ITR filing: The Annual Information Statement (AIS) is comprehensive view of information for a taxpayer displayed in Form 26AS. Taxpayers can provide feedback on information displayed in AIS.
International yoga day: Prime Minister Narendra Modi on June 21 led the International Yoga Day celebrations at Sher-i-Kashmir International Conference Centre (SKICC) in Srinagar.
A total of 2,554 shares changed hands on the counter till 12:27PM (IST).
Haryana Congress has called on Governor Bandaru Dattatreya to dissolve the BJP government in the state, accusing it of not having the desired majority. The Congress party, led by Bhupinder Hooda, has demanded the dissolution of the current government and a fresh mandate from the public. The BJP has 41 legislators and the state government has the support of one Haryana Lokhit Party legislator and one Independent legislator.
"Hi, we're sorry for the inconvenience. The issue was resolved quickly, and the prices are now updating fine now, please check," Zerodha said on social media platform X while responding to user complaints.
The Supreme Court on Friday refused to stay the process of NEET-UG 2024 counselling for the second time. It has also issued a notice to National Testing Agency (NTA).
CE Info Systems shares surged 37% on BSE in response to a 'buy' rating from Goldman Sachs, targeting Rs 2,800.
A total of 163,022 shares changed hands on the counter till 12:17PM (IST)
Aakash Dharmadhikari, co-founder of Realfast AI, moved from Singapore to Bengaluru after seven years to introduce his daughter to life's uncertainties. Reflecting on his time in Singapore, he humorously admitted forgetting the chaos of India. Dharmadhikari began his career in Bengaluru before relocating to Singapore in 2017. His decision sparked varied responses, highlighting challenges and support for his return to Bengaluru, symbolizing a shift towards embracing life's unpredictability.
A total of 9,591 shares changed hands on the counter till 12:12PM (IST)
Shares of JM Financial declined by 5% to Rs 83 during Friday's intraday trading on the BSE. This drop followed a decision by the markets regulator SEBI on Thursday, confirming interim measures to prohibit the company from serving as a lead manager for public issues of debt securities until March 31, 2025.
Every June, we recognize significant historical events in the LGBTQ+ community. Pride Month promotes equality, inclusivity, self-affirmation, and visibility for LGBTQ+ individuals by providing a safe space for them to be themselves—and to love who they want.
