Sebi has eased regulations to align AMC employees' interests with unitholders, simplify mutual fund operations, and mandate stress test disclosures for all schemes.
Overall consumption has weakened in the second quarter. The third quarter, as I said, from the early indications that what we see, for example, some of the companies have given mid-quarter guidances.
Market expert Hemang Jani advises caution on realty stocks despite strong recent performance. He favors Lodha and DLF for short-term gains, but not long-term investment. Jani prefers Mahindra & Mahindra over Tata Motors in the auto sector. He sees potential in cement companies like UltraTech and Dalmia Bharat. Within pharma, he recommends Sun Pharma and Cipla.
Now, the point here is structurally this could be a market where choppiness could continue, meaning range bound movement is something that we are expecting at a broader scale. So, 23,900 to 24,000 on the downside, 24,800 on the upside, this is something that we are expecting the market should be over the next 10 to 15 trading sessions.
Asian Paints Share Price: Asian Paints shares fell 3.4% to a 52-week low after the resignation of senior executives Shyam Swamy and Vishu Goel. The company announced new appointments to replace them.
Tanco Terminals has been a Burns Harbor tenant for a long time, an executive said, and now the company is investing about $8 million into the port. Ports of Indiana-Burns Harbor on Tuesday announced that Tanco Terminals plans to invest $8.2 million to construct an expansion of its liquid tank farm at the harbor. Tanco will add a sixth rail loading truck, a new truck scale, three storage tanks and multimodal transload equipment to handle products by ship, barge, rail and truck. Two storage tanks will have a 36,000-barrel capacity, and the third will have 42,000 barrels, according to a […]
Sri Lanka will allow vehicle imports again. The ban was put in place in 2020. Public transport imports are allowed now. Imports of cars for personal use will resume in February 2025. Importers must sell vehicles within three months. This move aims to boost the economy and state revenue.
One MobiKwik Systems shares surged 14% after strong listing gains, posting 117% returns from its IPO price. The fintech firm benefits from a growing user base and digital payment adoption.
