Banking stocks pushed benchmark indices the Sensex and the Nifty higher on April 29 afternoon. The broader market held on its own, with BSE midcap and smallcap indices rising to 0.4 percent.Around noon, the Sensex was up 682 points, or 0.92 percent, at 74,412.16, and the Nifty was up 148.80 points, or 0.66 percent, at 22,568.80. The market breadth favored gainers, as around 1,872 shares advanced, ...

The Securities and Exchanges Board of India's directive to BSE Ltd on regulatory fees will cost the stock exchange Rs 96 crore for the FY07-23 period.Brokerage HDFC Securities, however, said the exchange can reduce the impact of higher regulatory fees by increasing transaction charges by around 25 percent and reducing clearing charges by 10 percent. These changes can reduce the impact of the SEBI'...

A multi-billion-dollar incentive scheme for semiconductor manufacturing companies could be launched after the new government takes charge, according to a report by the Times of India. The results for the ongoing Lok Sabha elections 2024 will be declared on June 4.The package will follow the Rs 76,000-crore scheme announced in December 2021 to support the manufacturing of chips in the country. Acco...

The Reserve Bank of India (RBI)’s recent crackdown on Kotak Mahindra Bank’s (KMB's) digital business  —barring onboarding new customers and issuing fresh credit cards via the digital route—poses a substantial challenge to the bank’s high-profile digital arm, Kotak 811.Kotak 811 is co-headed by founder Uday Kotak’s son Jay Kotak. It is a major driving force for the credit card and savi...

Shares of UltraTech Cement advanced 2 percent to Rs 9,903 intraday on April 29 ahead of the company declaring its fourth quarter results later in the day.At 11:10 am, the counter was trading at Rs 9,877, up 1.8 percent from the previous close on the NSE. The cement majors' share price has slipped 6 percent since the start of the year.India's largest cement company is poised to report robust Q4 ear...