The Securities and Exchange Board of India (Sebi) has clarified that clients using Non-Discretionary Portfolio Management Services (ND-PMS) are permitted to pledge securities held in their demat accounts for obtaining loans.
India’s financial markets witnessed heightened volatility on Monday as the rupee weakened to its lowest-ever closing level while government bond yields surged sharply.
India’s fuel prices moved higher once again on Tuesday, with petrol and diesel becoming costlier across major cities after state-run oil marketing companies announced another round of price revisions.
US-based Liberty Mutual Insurance has increased its stake in Liberty General Insurance to 74 per cent, further strengthening its position in India’s rapidly expanding insurance market.
The Maharashtra government is planning to develop a modern fishing jetty at Burondi village in Ratnagiri district’s Dapoli taluka as part of efforts to strengthen the fisheries sector and improve coastal infrastructure in the Konkan region.
Shares of Bharti Airtel continued their strong upward momentum on Monday, rising for the fourth consecutive trading session and briefly overtaking HDFC Bank in market capitalisation during intraday trade.
Foreign portfolio investors (FPIs) are undergoing a major shift in their India investment strategy, steadily reducing exposure to traditional large-cap market leaders.
Bank of India has revised interest rates on select fixed deposits below ₹3 crore, increasing returns on medium and long-term tenures as competition for retail deposits intensifies across India’s banking sector.
Indian equity markets staged a sharp recovery in the second half of Monday’s trading session.