Page 30 - Ortfolio Allocation News Today

On Monday, 2252 stocks advanced, 1671 declined and 141 remained unchanged, with an advance decline ratio of 1.34 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.

Brokerage firm Zerodhas trading app Kite on Monday suffered another technical glitch, marking the fourth straight month the platform has faced such issues.

Indian commercial banks retail lending has risen faster than loans to large businesses since the COVID-19 pandemic, S&P Global Market Intelligence data showed, underscoring the central banks concerns about unsecured loans.

PS Deodhar, the founder and former chairman of the APLAB Group of companies and former chairman of the Electronics Commission of the government of India, passed away recently. Mr Deodhar left a legacy of pioneering achievements in Indias electronics and information technology (IT) sector.

An arbitration tribunal has asked the national highways authority of India (NHAI) to pay a compensation of Rs1,720 crore, including interest to Yedeshi Aurangabad Tollway Ltd (YATL), a special purpose vehicle (SPV) of the IRB Infrastructure Trust, which is a private infrastructure investment trust (InvIT) associate of IRB Infrastructure Developers Ltd.

The gap between credit and deposit growth of banks as of the first fortnight of January 2024 has widened compared to the last fortnight of September 2023, according to the latest RBI data.

Auditing firm Deloitte has once again been caught in the eye of the storm of regulators.

Little context is needed for an article on tax collection with the presentation of the pre-election Union budget just three days away.

The Maharashtra government has announced an Abhay Yojana (amnesty scheme) for the penalty that can be levied for insufficient or non-payment of stamp duty. This scheme is a periodic government initiative to provide relief to individuals and entities by granting a waiver on unpaid or deficient stamp duty and the applicable penalties.

Piramal Enterprises has entered into share purchase agreement to sell its entire direct investment of 20 per cent of the fully paid-up equity share capital held in Shriram Investment Holdings Private Limited (formerly known as Shriram Investment Holdings Limited) (SIHPL) to Shriram Ownership Trust (SOT), for a consideration of Rs 1,440 crore.