BUSINESS
Big unlisted companies may come under tighter regulatory norms
According to sources, among the steps that are being considered is the mandatory submission of quarterly financial statements by unlisted companies including major startups in order to keep a closer scrutiny on their financial position and check malpractices.
Nifty ends flat amid dampened sentiment
While Nifty 50 closed flat at 19,674.55, Sensex closed nearly 15 points, or 0.02 per cent, up at 66,023.69.
Delta Corp plummets over 18% after intimation to pay Rs 11,139 cr in GST
The company’s market cap is Rs 3.829 crore. The stock closed at Rs 143, down 18.4 per cent, on the BSE.
Government extends stock limit time period for tur, urad till Dec 31
It has also revised the stock holding limits for certain stockholding entities.
India smart TV market up 8% in 1st half of 2023, ships 4.5 mn units: Report
According to the International Data Corporation (IDC), the share of the online channel grew by 25 per cent in 1H23 (year-over-year), reaching 39 per cent driven by online sales festivals.
Sensex falls below 66K mark
BSE Sensex was down 163 points at 65,845 points. Infosys, L&T, Indusind Bank, Wipro, TCS were down more than 1 per cent.
India begins chip journey in just 15 months, Micron a beacon to all investors: MoS IT
Speaking to IANS, the Minister said that semiconductor manufacturing -- which is at the frontier of engineering and science/technology and a very high-level area -- opportunities in the country are now immense and investments in this field will go to states that respond fast while creating an enabling environment, infrastructure and policies.
Burman family announces open offer for Religare Enterprises
The open offer is made with the intention to increase the family’s stake and take control of REL. It will be conducted in accordance with the SEBI (SAST) Regulations.
Market momentum broken, expect further downside
BSESENSEX lost 1,829.48 points or 2.70 per cent to close at 66,009.15 points while NIFTY lost 518.10 points or 2.57 per cent to close at 19,674.25 points. The broader markets saw BSE100, BSE200 and BSE500 lose 2.51 per cent, 2.37 per cent and 2.33 per cent respectively. BSEMIDCAP lost 1.71 per cent while BSESMALLCAP was down 2.04 per cent.
Markets to remain under pressure in the near term
Investors would look for economic data like US & UK GDP numbers, EU inflation, US & China Manufacturing PMI, and India’s Infrastructure output which is due next week for further direction.
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