Amongst the ‘top short sellers’ are also two Indian companies – one registered in New Delhi, against whose promoter SEBI had passed an order for misleading investors and stock market manipulation. The other is registered in Mumbai.
The stock got listed at Rs 265 per share on the BSE and Rs 262 apiece on the NSE against the discovered price of Rs 261.85 apiece in a special pre-open session last month. It is the 31st constituent in the Sensex and the 51st constituent in the Nifty50.
In the intraday session, Sensex jumped over 540 points to touch an intraday day high of 66,897.27, while Nifty50 touched 19,825.60.
On a quarterly basis, China’s economy grew by 1.3 per cent in the third quarter, compared to 0.8 per cent growth in the April-to-June quarter.
India needs to grow at 8-9 per cent for the next 20 years to become a developed nation by 2047 as envisioned by Prime Minister Narendra Modi, Deloitte South Asia Ceo Romal Shetty said.
Akasa Air recently completed its first year of operations in August, has a fleet of 20 Boeing 737 MAX aircraft and 2 more planes are expected to be inducted into its fleet by the end of this year.
Torrent is hoping to secure roughly $3 billion to $4 billion in financing for the bid for its much bigger rival, they said.
TCS will use their TCS BaNCS Global Securities Processing Platform for centralising and standardising operations in over 15 markets of Standard Bank Group (SBG), the company said in a statement.
Russia typically sells foreign currency to counter any shortfall in revenue from oil and natural gas exports and buys currency if it has a surplus.
In January this year, the RBI had released a discussion paper for adoption of an expected loss-based approach for loan loss provision by banks. The RBI had sought comments on the paper till February 28.