Saturday, November 23
LIC: According to Sebi regulations, all listed companies must maintain a 25% public float. However, newly-listed companies are given a three-year window to meet this requirement.
As of Tuesday, the Sri Lankan cabinet has given its approval to a new economic law that aligns with the key objectives outlined by the International Monetary Fund (IMF), according to the cabinet spokesperson. In 2022, Sri Lanka experienced its most severe financial crisis in over seven decades, marked by a significant depletion of foreign exchange reserves.
Foreign portfolio investors (FPIs) selling Indian stocks worth Rs 22,000 crore in May have led to a significant impact on companies with high foreign ownership. Over 100 stocks, with FPI stakes of more than 5%, have seen declines of 10% to 30% in the last month.
Jindal Steel and Power Ltd (JSP) announced on Monday a significant increase in consolidated profit after tax (PAT), which surged twofold to Rs 933 crore in the March quarter. This improvement was attributed to the company's effective cost reduction measures. JSP had reported a PAT of Rs 466 crore during the fourth quarter of the previous fiscal year.
Tata Motors stock after plummeting 8.34% or Rs 87.25 settled at Rs 959.80 on the BSE. The steep decline in the automaker's share price wiped off Rs 29,016.23 crore from its market capitalization, bringing it down to Rs 3,19,012.47 crore.
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, reversed losses in afternoon to trade in green on Monday. While BSE Sensex rose over 160 points from its Friday closing, Nifty50 was above 22,100.
To fly again, the passengers who were booked have to be reconfirmed so that the flight operations resume. "As such, there is no delay on the part of the cabin crew. We also express our sincere apologies to the esteemed guests for the inconvenience caused to them," the release read. The Air India Express
