Saturday, October 24
Kolkata: India is looking to promote its low data tariffs to attract investments from foreign companies that rely on affordable fast broadband connectivity for delivering essential services, said senior government officials.The Centre's aim is to leverage the country's much lower data rates compared with markets such as China, US, Russia, UK, Australia, and South Africa to entice foreign companies engaged in delivering services such as ride hailing, online food delivery, telemedicine, digital payments and online education, the officials told ET.The government also plans to highlight to potential investors India's rapid adoption of 5G services and the rising availability of affordable 5G phones in the world's second-largest mobile phone market.As per the minutes of a recent telecom sector r
Indian markets faced headwinds this week, with benchmark indices closing in negative territory amid concerns over rising crude oil prices and a strengthening US dollar. Supply-side pressures continued to push crude prices upward, while the dollar index gained strength, further dampening investor sentiment.The benchmark BSE Sensex concluded Friday’s trading session at 77,378.91, down 241.30 points or 0.31%. The broader Nifty 50 index also closed lower, declining 95.00 points or 0.4% to 23,431.50.Analyst Sudeep Shah, Deputy Vice President and Head of Technical & Derivatives Research at SBI Securities interacted with ET Markets regarding the outlook on Nifty and Bank Nifty along with an index strategy for the upcoming week. Following are the edited excerpts from his chat:Nifty, Bank Nif
The markets extended their decline over the past five sessions and ended the week on a negative note. While the week started on a bearish note, the Nifty violated a few key levels on higher and lower time frame charts. Along with the weak undercurrent, the trading range widened again as the Nifty moved in a 745-point range. The volatility spiked up, and India Vix surged 10.16% to 14.91 on a weekly basis. Following a thoroughly bearish undertone, the headline index closed with a net weekly loss of 573.25 points (-2.39%).117145626The week that has gone by has remained important from a technical perspective. The Nifty started the week by violating the 200-DMA placed at 23940 and has closed significantly below this crucial level. On the weekly charts, the Nifty has breached another critical le
Anand Rathi Wealth has announced that its Board of Directors will consider a proposal for the issuance of bonus shares at its upcoming meeting scheduled for Monday, January 13, 2025.“In furtherance to our intimation dated 1st January, 2025, regarding proposed Board Meeting scheduled to be held on Monday, i.e. 13th January, 2025, this is to inform you that the Board of Directors in its meeting inter-alia would also consider a proposal for Issuance of Bonus Shares to the shareholders of the Company,” said the company in a filing to the stock exchanges.This announcement follows the company's earlier notification regarding the board meeting, issued earlier this month.The company's board will discuss and consider the proposed bonus share issuance at the forthcoming meeting. The details of t
