Generational Wealth: Narayana Murthy's Gift of Infosys Stock Worth Rs 240 Crore to 4-Month-Old Grandson
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Ekagrah Murty now holds 15 lakh shares, equivalent to a 0.04 per cent stake, in Infosys, courtesy of his grandfather's benevolent gesture. This transfer of shares occurred through an off-market transaction. Consequently, Narayana Murthy's ownership in the renowned IT company has decreased to 0.36 per cent, representing more than 1.51 crore shares.
BSE and NSE to Hold Special Trading Session on Saturday to Assess Disruption Preparedness
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The session will comprise two parts: the first session will run from 9:15 am to 10 am on the PR site, followed by the second session from 11:30 am to 12:30 pm on the DR site. Throughout the special session, all securities, including those associated with derivative products, will have a maximum price band of 5 per cent. Securities already subjected to a 2 per cent or lower price band will maintain their respective bands.
500 Stocks Surpass $1 Billion Market Cap Mark, Nearly Doubling Since 2019
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Jefferies emphasizes India's standout performance among major emerging market economies, consistently delivering annualized returns exceeding 10% across 5-year, 10-year, 15-year, and 20-year periods. This sustained performance is attributed to India's participation in a multi-year cyclical uptrend. Despite India's growing weightage in the MSCI Emerging Markets index, foreign investors have yet to mirror this increase in their equity exposure, resulting in India's equities being the most under-owned by global emerging market funds since 2014. However, the report anticipates a shift in this trend in the near future.
NSE chief cautions investors on pitfalls of high risk derivatives
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“Be a committed participant in India's growth story, and pave the way for a brighter future. Long term investments usually yield better results based on past experiences,” NSE chief said.
Real estate stocks shine on strong sales momentum
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BSE Realty Index was up 4.57 per cent in trade on Tuesday and Prestige Estates led the sector with a gain of 12 per cent.
Energy sector stocks outperform all others in September
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According to Motilal Oswal Asset Management Company (MOAMC)’s Global Market Snapshot report, Nifty mid-cap 150 outperformed all major indexes in September by rising 3.04 per cent.
Facing fines, PSUs tell stock exchanges power to appoint directors vests with govt
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"It is stated that ONGC, being a government company, power of appointment of Director (including Independent Director) is vested with the Government of India (GoI) as per the Articles of Association of the Company," ONGC said in a reply to stock exchanges.
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