SEBI alleges BofA breached its insider-trading rules in a 2024 stock deal| Business News

The Securities and Exchange Board of India has accused a Bank of America unit of violating its insider trading rules and breaking internal “Chinese walls” in connection with a 2024 share sale, according to a notice. Bank of America has filed an application with SEBI to settle the insider-trading charges without admitting guilt. (Unsplash) The […]

How US attack on Venezuela impacts India’s stock market, crude oil bill, economy| Business News

The US attack on Venezuela to dismatle the regime of President Nicolás Maduro is creating dichotomy of sorts for India—a neutral outlook for the stock market but a potential billion-dollar windfall for state-run oil producers. The US attack on Venezuela is unlikely to affect India’s stock market except oil producers, at least for the time-being. […]

Are stock markets BSE and NSE open or closed on New Year? Details here| Business News

While much of the global financial world will ring in the New Year with closed trading floors, India’s stock markets will remain open for business on Thursday, January 1. People walk past the Bombay Stock Exchange (BSE) building in Mumbai. (Representative image) (Francis Mascarenhas/Reuters) Both the Bombay Stock Exchange (BSE) and the National Stock Exchange […]

India’s stock market underperforms Asian peers the most since 1998| Business News

India’s stock market ended the year with their worst annual underperformance versus Asian peers in nearly three decades, weighed down by foreign outflows and a weakening rupee. The Bombay Stock Exchange building on Dalal Street in Mumbai. (Bloomberg) A rebound in the nation’s shares that started in September has faded as global fund managers cut […]

India’s stock market seen as biggest hedge as fears of AI bubble mount| Business News

India is drawing fresh attention from global fund managers looking to diversify equity investments in the coming year as worries over an AI bubble mount. With the AI frenzy fading and India’s stock valuations falling back near their five-year average after sharply trailing peers this year, the consumption-driven economy is back in favour. (Reuters) Aberdeen […]