SUNAINA

Finance Minister Nirmala Sitharaman will address the Reserve Bank of India’s central board on August 10, outlining key points of the FY25 Budget and the fiscal consolidation roadmap. The post-budget meeting will discuss the balance between growth, employment, and fiscal prudence. Sitharaman presented the Budget on July 23, estimating total receipts at Rs 32.07 lakh … Read more

Gold prices rose by Rs 350 to Rs 72,850 per 10 grams in the national capital on Friday, continuing a four-day increase due to higher local demand and strong global trends. Silver prices, however, fell by Rs 200 to Rs 86,000 per kilogram. Gold of 99.5% purity also saw an increase, reaching Rs 72,500 per … Read more

Sebi will release a ‘consultation paper’ next week to simplify becoming a registered investment advisor, a senior official announced on Friday. This move aims to tackle unregulated fin-influencers. The Sebi board recently approved measures to monitor fin-influencers, mainly through their ties with Sebi-regulated entities. Sebi plans to relax registration requirements for investment advisors and research … Read more

More than 100 countries, including India, face significant hurdles to becoming high-income nations, per the World Bank’s World Development Report 2024. India may take nearly 75 years to reach one-quarter of US income per capita. China might take over 10 years, and Indonesia nearly 70 years. The report notes many middle-income countries get stuck at … Read more

Delhivery posted a profit after tax (PAT) of Rs 54 crore for the June quarter FY25, compared to a Rs 89 crore loss a year ago. Revenue rose to Rs 2,172 crore from Rs 1,930 crore. EBITDA increased to Rs 97 crore from Rs 13 crore. The company cited growth in part truckload (PTL) and … Read more

Omaxe shares fell 5% on Friday due to a Securities and Exchange Board of India (Sebi) ban. Sebi has barred Omaxe, its Chairman Rohtas Goel, MD Mohit Goel, and three others from the securities market for two years for misrepresenting financials. The stock hit its lower circuit limits on both NSE and BSE, declining 15% … Read more

The National Stock Exchange (NSE) warned investors on Friday about an entity promising guaranteed returns on stock market investments. This notice followed complaints about Amit Lilhare, an authorized person of a registered stock broker, who was offering assured returns and collecting commission in personal bank accounts. The NSE is taking disciplinary actions against this trading … Read more

Sebi Chairperson Madhabi Puri Buch announced on Friday that the regulator is developing a new system to speed up IPO approvals. The system will feature a simple template for companies and an AI tool for faster document review, expected by December. The new process aims to cut approval times from 42 days to 23 days … Read more

Alembic Pharmaceuticals announced it received approval from the USFDA to market Nelarabine Injection, a generic cancer treatment drug. The estimated market size for Nelarabine Injection is USD 23 million for the twelve months ending March 2024. Alembic now has 211 ANDA approvals. Shares rose 1.93% to Rs 1,235 on NSE. This product, equivalent to Sandoz … Read more

Shares of Zomato soared 19% to a record high of Rs 278.70 on Friday after the company reported a significant increase in profit after tax (PAT) for the June quarter. Zomato’s PAT jumped to Rs 253 crore, up from Rs 2 crore in the same period last year. Following this impressive performance, brokerages like CLSA … Read more