Canara Bank, in a regulatory filing, said it has received the entire consideration amount equivalent to Rs 121.29 crore on Thursday for the sale of its stake.

The Sebi board will consider a proposal to end the practice of directors occupying permanent board seats at listed companies. This will have to be subject to periodic approval by shareholders, at least once in five years, according to the proposal.

According to multiple sources aware of the development, Vedanta Resources has reached out to sovereign wealth funds (SWFs) and and alternative asset managers from the Gulf including Abu Dhabi’s Mubadala, ADQ, Bahrain’s Investcorp, and Saudi Arabia’s Public Investment Fund (PIF) for up to 10% dilution in the company

"The stock market had priced in this muted rate hike but it has taken note of the impact on the cost of funds and tightening liquidity situation," said Gopal Kavalireddi, research head, FYERS Securities. "The Fed commentary also signalled for maintaining the focus on inflation even as there is a banking crisis and the risk of a recession."

Deloitte India-backed resolution professional Vijaykumar V Iyer has announced two options for interested bidders to submit their EoIs. Under option I, bidders can submit EoI for the entire FRL, including its shareholding interest in subsidiaries. Under option II, bidders can choose one or more of the five clusters.

Barclays has raised India’s growth forecast for next fiscal to 6.3% from 6%, saying that global developments such as rising financial stability risks, peaking of rate tightening around the world and collapse of commodity prices augur well for the world’s fifth-largest economy. “Having weathered many shocks to its macro stability in 2022, India is on firmer ground in 2023; current-account funding needs are falling, inflation is trending lower, and fiscal demands are in check,” Barclays said in a report.

"As per our analysis, if the losses are fully realised which is unlikely in our view on the held-to-maturity book, the range of impact on net worth could be 2-10% for Indian banks," said Suresh Ganapathy, associate director, Macquarie Capital. "However, this remains a theoretical exercise and unlikely to crystallise."

Many affluent individuals transferring funds abroad to run bank accounts and acquire properties or stocks abroad under the Reserve Bank of India's Liberalised Remittance Scheme (LRS) use bank accounts of family members, including those of under aged children, to overcome the regulatory restriction. Since under LRS a resident individual can transfer a maximum $250,000 a year, money is pooled in from multiple bank accounts of the family.

The government is selling up to 3.5% stake in HAL through an OFS to raise around ₹2,867 crore. The government has set a floor price of ₹2,450 a share. The OFS will be open for retail investors on Friday, March 24. About 10% of the offer size is reserved for retail investors, subject to the receipt of valid bids.

To be sure, RIL is not alone in articulating its FMCG ambitions. Amul India's goal, under its new CEO, is to become a total foods company and not just a dairy major. Mondelez, meanwhile, has announced plans to invest ₹4,000 crore over next four years in the Indian market. Tata Consumer Products (TCPL) has been aggressively foraying into various categories of consumer staples. Large players such as ITC straddle across most consumer categories.

The stock rose over 1% in a week but remained flat in the last 1 month, data suggests. It rose by over 5% in the last 3 months. Short-term traders can look to buy the stock now for a possible target towards Rs 1,400 levels in 2-3 months

The Dow Jones Industrial Average rose 142.01 points, or 0.44%, to 32,172.12, the S&P 500 gained 26.11 points, or 0.66%, to 3,963.08 and the Nasdaq Composite added 151.81 points, or 1.3%, to 11,821.77.

On Thursday, the benchmark index Sensex ended the day lower by approximately 289 points, closing at 57,925. As the market experienced a decline, 7 stocks from the BSE commodities index fell to their lowest levels in 52 weeks.The 52-week low is the least price at which a stock has traded during the last year. Some traders and investors use this technical indicator as an important factor to analyse a stock’s current value and to predict its future price movement.

New 52-week of low: Rs 83.8 | CMP: Rs 83.96 In the last one month, the stock has fallen about 12%.

"Parties to the proposed transaction (for which a binding memorandum of understanding had been signed earlier) have executed a Share Purchase Agreement and concluded the transaction," a BSE filing stated.

Markets watchdog Securities and Exchange Board of India (SEBI) is set to regulate social media influencers and the draft paper for the same is ready. The discussion paper on the same is likely to be released very soon and SEBI will seek expert view on regulating financial influencers after multiple complaints.

​The asset management firm aims to sell 2,32,07,692 shares of the company. The floor price for stake sale has been fixed at Rs 345 a share.

"Havells India has been witnessing consolidation for the last one and a half years while trading in a triangle pattern. It is currently trading closer to the lower band of the pattern, offering the opportunity to accumulate," Ajit Mishra, VP - Technical Research, Religare Broking Ltd., said.

The S&P 500 seen 1.6% higher in morning trading. The Dow Jones Industrial Average was at 32,442, as of 10:54 a.m. Eastern time, while the Nasdaq composite was 2.3% higher.

The board will meet on March 28 to consider and approve the fifth interim dividend on equity shares

Hindustan Aeronautics Limited's (HAL) offer for sale (OFS) was subscribed 4.51 times as the issue received 2,37,58,701 share bids against 52,66,603 shares available for subscription. On the BSE, the non-retail portion was subscribed 4.51 times.

The S&P 500 seen 1.6% higher in morning trading. The Dow Jones Industrial Average was at 32,442, as of 10:54 a.m. Eastern time, while the Nasdaq composite was 2.3% higher.

The National Stock Exchange (NSE) will withdraw the 'Do Not Exercise' facility for investors trading in stock options from March 30. In a circular in January, the exchange had informed of discontinuing the facility after the expiry of the March F&O contracts. However, the said facility will be available in the case of index options.

The S&P 500 was up 0.9% early Thursday. The Dow and the Nasdaq also rose. Treasury yields were mixed.

While international banks suffer a bag full of troubles, a host of brokerages are bullish on the Indian bank stocks. As per data from Trendlyne, 5 bank stocks including Federal Bank and Axis Bank have high analyst ratings and can rally more than 25%.

At a time when Nifty50 delivered a negative return of 2% in the financial year 2023, Bank Nifty and Nifty PSU Bank delivered 10% and 36% positive returns, respectively, to their investors.Meanwhile, as per Ace Equity data, banking stocks such as Karnataka Bank and UCO Bank have given over 100% returns to their investors at the same time.Here is a list of 4 bank stocks that more than doubled investors' wealth in FY23, according to Ace Equity data:

The Dow Jones Industrial Average rose 71.38 points at the open to 32,101.49. The S&P 500 opened higher by 22.24 points.

Even as the US Federal Reserve announced a rate hike on expected lines, Indian equities closed in the red, dragged by banking and realty stocks. Nifty settled at 17,075, dropping 0.44%, while Sensex ended below 58,000 levels. Meanwhile, India VIX dropped by 2%.“We believe this fall is a retracement of the rise from 16,828 – 17,207. Overall, we expect the Nifty to hold on to the support zone of 17020 – 16970 and resume the pullback over the next few trading sessions. On the upside, the initial hurdle is placed at 17180 – 17210. Beyond this, it has the potential to 17315 – 17430,” Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas, said.Here are stock recommendations for Friday

Integrated tariff means customers will be charged the same rate for 10 pipelines. The Petroleum and Natural Gas Regulatory Board has increased the integrated tariff by 47% to Rs 58.6 per mmbtu compared with the FY22 level

“The market could find a range of around 17,200-16,950 levels in the next few sessions. The lower area of 16,950-16,900 is expected to offer support for the market during the present weakness. A decisive move above 17200-17250 levels is likely to bring strength in upside bounce,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

Sounding more upbeat about the outlook for the country's slow pace of economic growth, the BoE's nine rate-setters voted 7-2 in favour of a 25 basis-point increase in Bank Rate to 4.25%.

HAL shares today ended at Rs 2,504.75 on the NSE and were down by Rs 120 or 4.57%. The issue for the general category ended today. The OFS for retail category is tomorrow

The company forecast current-quarter revenue in the range of $16.1 billion and $16.7 billion. Analysts on average were expecting revenue of $16.64 billion, according to Refinitiv data.

When approved under global competition laws, the acquisition, which has an estimated value of two trillion yen ($15 billion), is expected to take the engineering giant private, the Nikkei said.

The company forecast current-quarter revenue in the range of $16.1 billion and $16.7 billion. Analysts on average were expecting revenue of $16.64 billion, according to Refinitiv data.

Equity benchmark Sensex declined 290 points in a volatile session to settle below the 58,000 mark on Thursday due to a sell-off in banking, financial and IT stocks amid a weak trend in European equities. After rallying for the two straight days, the 30-share BSE Sensex fell 289.31 points or 0.50 per cent to settle at 57,925.28. During the day, it declined 375.74 points or 0.64 per cent to 57,838.85. The broader NSE Nifty dipped 75 points or 0.44 per cent to end at 17,076.90.

The consensus recommendation from 30 analysts for IGL is Buy. Out of these, 23 have strong buy and buy ratings, while only three have strong sell and sell ratings. The remaining four have a hold rating on the counter.

D-street investors became poorer by Rs 87,594 lakh crore as market capitalisation of all listed companies on BSE declined to Rs 257.11 lakh crore.

The MSCI emerging market equity index has risen 2% since the start of the year, though those gains come in the wake of a 22% tumble in 2022 - the biggest annual drop for the benchmark since the 2008 financial crisis.

From the markets standpoint the reiteration that tighter financial condition is a non-negotiable on the path towards inflation control is a marked difference from markets expectations of Fed’s giveaways. Hence, optimism priced into the risk markets is getting diluted by the “bumpy ride” guidance of the central bank.

The regulator's action, which follow four earlier orders passed in the past twelve months, aim to signal growing concern that retail investors are being lured into stock market investments by companies and individuals who are not authorised to offer financial advice. The Securities and Exchange Board of India's rules say that only advisers registered with it can offer investment advice.

Vedanta tanks in today's trading session after news reports suggest that Anil Agarwal could sell less than a 5% stake to reduce the group's debt, Ashesha Adhvaryu is with the details.

Moreover, to meet the immediate liquidity requirement the bank sold those long-dated securities at a loss of USD 1.8 billion. When depositors learned about it they queued up to withdraw the money at the earliest leading to further crisis.

Global brokerage Jefferies sees a 17% Ebitda increase in FY24E with part of the benefit offset by higher operating costs. LPG profitability will be impacted by a sharp fall in international prices, it said, while raising the target price to Rs 110 and maintaining a Hold rating.

Joshi also led the Finacle banking platform business and AI automation portfolio for Infosys. He was also responsible for the company’s internal Chief Investment Officer (CIO) function and Infosys Knowledge Institute and held executive responsibility for large deals across the company.

The 'Do Not Exercise' facility allows a trader to instruct the broker if he/she does not wish to exercise the right to give or receive deliveries. This facility prevents the risks around the physical settlement and allows brokers against exercising a ‘close to money’ option strikes on behalf of clients.

These large cap companies have shown an improvement in their SR score at a time when bears are ruling Wall street and Dalal street. All thanks to the US Fed move to raise interest rates, market breadth and all other market parameters have moved back into the correction zone. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.

The cost of the project is Rs 872.17 crore, and it is to be completed in 730 days from the appointed date. The operation period is 15 years from the commercial operation date. At 11.22 am, the stock was trading 5.8% higher at Rs 1,025 over its last day's closing price of Rs 969 per share. However, on a year-to-date basis, the stock has fallen over 12%, while it has plunged 29% in the last one year.

SAIL is one of the largest steel-making companies in India. The company produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials.

The Relative Strength Index (RSI) is at 73.3, Trendlyne data showed. RSI above 70 is considered overbought. This implies that stock may show pullback. MACD is above its center and signal line, this is a bullish indicator.