Market Highlights, Sept 25: Sensex up 256pts; Nifty holds 26,000; Media index soars 3%, VIX down 7%
Stock Market Today: Benchmark equity indices, the BSE Sensex and NSE Nifty50, climbed to fresh highs before ending at new closing highs on Wednesday
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8:49 AM
“Among the candidates, some are executive directors (EDs) and managing directors in major PSBs. Financial Services Institutions Bureau (FSIB) will conduct the interviews next month,” said a source. READ MORE
Stock Market LIVE Updates: 13 candidates in fray for PNB top job; FSIB may hold interviews next month
Stock Market LIVE Updates: At least 13 candidates are in the race for the position of managing director and chief executive officer (MD & CEO) of Punjab National Bank (PNB), the second-largest public sector bank (PSB), according to multiple sources familiar with the matter.
“Among the candidates, some are executive directors (EDs) and managing directors in major PSBs. Financial Services Institutions Bureau (FSIB) will conduct the interviews next month,” said a source. READ MORE
8:46 AM
The company, in an exchange filing, said, "In furtherance to our intimation dated September 12, 2024 regarding change in Name of the Company from “Tips Industries Limited” to “Tips Music Limited”, we hereby inform that BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) vide their letter dated September 24, 2024 have approved the application for change in Name of the Company in their records."
The company added that the new name (Tips Music) and symbol (TIPSMUSIC) of the company will be effective in the exchange records from September 30, 2024.
Stock Market LIVE Updates: Tips Industries gets approval to change brand name to Tips Music
Stock Market LIVE Updates: Tips Industries today announced that it has received approvals from the stock exchanges to change its name to Tips Music.
The company, in an exchange filing, said, "In furtherance to our intimation dated September 12, 2024 regarding change in Name of the Company from “Tips Industries Limited” to “Tips Music Limited”, we hereby inform that BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) vide their letter dated September 24, 2024 have approved the application for change in Name of the Company in their records."
The company added that the new name (Tips Music) and symbol (TIPSMUSIC) of the company will be effective in the exchange records from September 30, 2024.
8:40 AM
The company, in an exchange filing, said CRISIL has assigned 'AAA' ratings with a stable outlook to its bank facilities worth Rs 10,020 crore, apart from NCDs worth Rs 17,252 crore.
The ratings agency has also assinged an 'A1+' rating on the company's commercial papers worth Rs 6,700 crore.
Stock Market LIVE Updates: CRISIL assigns AAA, A1+ ratings to APSEZ credit facilities worth Rs 34,000 crore
Stock Market LIVE Updates: Adani Ports and SEZ today informed that CRISIL Ratings has assigned credit ratings to its bank facilities and other debt instruments.
The company, in an exchange filing, said CRISIL has assigned 'AAA' ratings with a stable outlook to its bank facilities worth Rs 10,020 crore, apart from NCDs worth Rs 17,252 crore.
The ratings agency has also assinged an 'A1+' rating on the company's commercial papers worth Rs 6,700 crore.
8:31 AM
The company, in an exchange filing, said, "Please be informed that in the Company Petition No. CP(IB) No.1111/MB/2022 and CP(IB) No.1113/MB/2022 filed by Central Bank of India against Future Corporate Resources Private Limited, the Hon’ble National Company Law Tribunal, Mumbai bench, has passed orders on September 24, 2024 admitting FCRPL into corporate insolvency resolution proceedings (CIRP)."
It added, "It may also be noted that FCRPL is one of the Promoters of the Company and holds 415,625 equity shares representing 0.33% of total paid up capital of the company."
Stock Market LIVE Updates: Praxis Home's promoter Future Corporate admitted for insolvency proceedings
Stock Market LIVE Updates: Praxis Home Retail today informed that one of its promoter entity Future Corporate Resources has been admitted for insolvency proceedings by the Mumbai bench of NCLT.
The company, in an exchange filing, said, "Please be informed that in the Company Petition No. CP(IB) No.1111/MB/2022 and CP(IB) No.1113/MB/2022 filed by Central Bank of India against Future Corporate Resources Private Limited, the Hon’ble National Company Law Tribunal, Mumbai bench, has passed orders on September 24, 2024 admitting FCRPL into corporate insolvency resolution proceedings (CIRP)."
It added, "It may also be noted that FCRPL is one of the Promoters of the Company and holds 415,625 equity shares representing 0.33% of total paid up capital of the company."
8:26 AM
Stock Market LIVE Updates: Buy-and-hold investors, avoid high secondary mkt premiums on SGBs
Stock Market LIVE Updates: The Reserve Bank of India (RBI) typically issues Sovereign Gold Bonds (SGBs) in June and September each year. However, no tranches have been issued in 2024-25 (FY 2025).
The last tranche of SGB Series IV (FY 2024) was issued in February. In the absence of fresh issuances, should you purchase SGBs from the secondary market, where they are trading at significant premiums? READ MORE
The last tranche of SGB Series IV (FY 2024) was issued in February. In the absence of fresh issuances, should you purchase SGBs from the secondary market, where they are trading at significant premiums? READ MORE
8:25 AM
Bond issuances in FY25 may surpass the earlier peak of Rs 1.1 trillion in FY23, said the agency in a statement. Banks issued bonds worth Rs 1 trillion in FY24. Public sector banks are likely to account for 82-85 per cent of bank bond issuances in FY25. Infrastructure bonds are expected to account for more than two-thirds of the total share. READ MORE
Stock Market LIVE Updates: Bank bond issuance likely to touch Rs 1.2 trn level in FY25: Report
Stock Market LIVE Updates: Banks' borrowings through bonds is expected to reach Rs 1.2-1.3 trillion in this financial year (FY25) amid tight liquidity conditions and credit outpacing deposit growth, according to rating agency ICRA.
Bond issuances in FY25 may surpass the earlier peak of Rs 1.1 trillion in FY23, said the agency in a statement. Banks issued bonds worth Rs 1 trillion in FY24. Public sector banks are likely to account for 82-85 per cent of bank bond issuances in FY25. Infrastructure bonds are expected to account for more than two-thirds of the total share. READ MORE
8:24 AM
E-invoicing is already present in the B2B sector. The GST Council, in its meeting earlier this month, decided to extend e-invoice to the B2C sector on a pilot basis. READ MORE
Stock Market LIVE Updates: Design architecture for B2C e-invoicing for retailers ready: GSTN CEO
Stock Market LIVE Updates: The design architecture for implementing GST e-invoicing for retailers is mostly ready and being vetted by industry experts, GST Network CEO Manish Kumar Sinha said on Tuesday.
E-invoicing is already present in the B2B sector. The GST Council, in its meeting earlier this month, decided to extend e-invoice to the B2C sector on a pilot basis. READ MORE
8:23 AM
Last week, Supreme Infrastructure India listed SBI as one of the investors who will participate in a proposed preferential issue for a stake that will work out to 2.08 per cent, post allotment. READ MORE
Stock Market LIVE Updates: Cong raises alarm as SBI decides to pick equity in debt-laden infra firm
Stock Market LIVE Updates: State Bank of India’s (SBI’s) reported move to pick equity in Supreme Infrastructure India Limited (SIIL) has invited sharp criticism from Opposition Congress which on Tuesday sought the intervention of Reserve Bank of India (RBI) into the matter.
Last week, Supreme Infrastructure India listed SBI as one of the investors who will participate in a proposed preferential issue for a stake that will work out to 2.08 per cent, post allotment. READ MORE
8:22 AM
During the meeting with Chouhan, the delegation raised a raft of issues ranging from a fair price for all crops, a solution to the stray cattle menace, rejigging of the crop insurance scheme to benefit small growers, and steady availability of cheap and authentic seeds. READ MORE
Stock Market LIVE Updates: Agriculture Minister Shivraj Singh Chouhan holds first meeting with farmers
Stock Market LIVE Updates: Union Agriculture Minister Shivraj Singh Chouhan held his first dialogue with a delegation of 50 farmers and farm union leaders on Tuesday.
During the meeting with Chouhan, the delegation raised a raft of issues ranging from a fair price for all crops, a solution to the stray cattle menace, rejigging of the crop insurance scheme to benefit small growers, and steady availability of cheap and authentic seeds. READ MORE
8:20 AM
“In developing Asia, growth will slow to 5.1 per cent in 2024 and 4.9 per cent in 2025. Sluggish momentum in China is one major factor. Weak domestic demand will weaken domestic growth in China to 4.7 per cent in 2024, well behind the official 5 per cent target. In 2025, growth will slow to 4.6 per cent,” the sister arm of Moody’s Ratings. READ MORE
Stock Market LIVE Updates: Slowing Indian economy to drag APAC's growth in 2025: Moody's Analytics
Stock Market LIVE Updates: Moody’s Analytics on Tuesday said normalising growth in India would drag the Asia Pacific (APAC) region’s performance in 2025 as India’s economy is projected to slow down to 6.5 per cent in 2025 from an estimated 7.1 per cent for 2024.
“In developing Asia, growth will slow to 5.1 per cent in 2024 and 4.9 per cent in 2025. Sluggish momentum in China is one major factor. Weak domestic demand will weaken domestic growth in China to 4.7 per cent in 2024, well behind the official 5 per cent target. In 2025, growth will slow to 4.6 per cent,” the sister arm of Moody’s Ratings. READ MORE
8:19 AM
Stock Market LIVE Updates: GoM meeting in Goa: No consensus on GST proposals for real estate sector
Stock Market LIVE Updates: A Group of Ministers (GoM) meeting held in Goa on Tuesday could not reach consensus on most proposals regarding the goods and services tax (GST) for the real estate sector, sources said.
The GoM, chaired by Goa Chief Minister Pramod Sawant, deferred the proposal to exempt GST on long-term leases granted to the tourism sector, favouring states that declare tourism as an infrastructure sector to facilitate exemptions, the sources added. READ MORE
8:18 AM
Stock Market LIVE Updates: India known as best place to invest and manufacture in: Piyush Goyal
Stock Market LIVE Updates: The National Democratic Alliance-led government’s push towards Make in India over the past decade has resulted in the creation of jobs, substantial investments, and promises to make India self-reliant, Commerce and Industry Minister PIYUSH GOYAL tells Shreya Nandi in a telephonic interview. READ MORE
8:17 AM
Das said that a firm commitment to inflation targets, maintaining reserve buffers, and adopting prudent, forward-looking financial policies coupled with sound fiscal management will significantly enhance the resilience of emerging market economies (EMEs). READ MORE
Stock Market LIVE Updates: Strong fundamentals crucial amid global unrest: RBI Guv Shaktikanta Das
Stock Market LIVE Updates: Strengthening core fundamentals is the best defence against global uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday amid heightened tension in West Asia.
Das said that a firm commitment to inflation targets, maintaining reserve buffers, and adopting prudent, forward-looking financial policies coupled with sound fiscal management will significantly enhance the resilience of emerging market economies (EMEs). READ MORE
8:16 AM
“In India, GDP growth moderated in the June quarter as high interest rates temper urban demand, in line with our projection of 6.8 per cent GDP growth for the full financial year 2024-2025,” said S&P in its latest economic outlook for Asia-Pacific. READ MORE
Stock Market LIVE Updates: S&P retains India's FY25 growth forecast at 6.8%, expects rate cut in Oct
Stock Market LIVE Updates: The global credit ratings agency S&P Global on Tuesday retained India's growth forecast at 6.8 per cent for the current financial year and expressed optimism that the Reserve Bank of India (RBI) would start cutting interest rates in its October monetary policy review.
“In India, GDP growth moderated in the June quarter as high interest rates temper urban demand, in line with our projection of 6.8 per cent GDP growth for the full financial year 2024-2025,” said S&P in its latest economic outlook for Asia-Pacific. READ MORE
8:13 AM
The 30-share Sensex peaked at 85,163 but closed slightly lower at 84,914, down 14.57 points, or 0.02 per cent, from the previous day.
Stock Market LIVE Updates: New milestone: Sensex scales 85K and Nifty tops 26K, then retreat
Stock Market LIVE Updates: Benchmark indices Sensex and Nifty 50 achieved historic intraday highs on Tuesday, surpassing the 85,000 and 26,000 marks for the first time, but retreated before the closing bell.
The 30-share Sensex peaked at 85,163 but closed slightly lower at 84,914, down 14.57 points, or 0.02 per cent, from the previous day.
Similarly, the broader Nifty 50 reached an intraday high of 26,012 before settling at 25,940 — a new closing record -- up 1.35 points, or 0.01 per cent. READ MORE
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First Published: Sep 25 2024 | 7:41 AM IST
