MARKET HOURS
Sell LIC policy and 'get money in 48 hours with life cover till maturity': Looks attractive? But beware of legal aspects, other rules
LIC policyholders looking to exit their policies can now consider a new option — ACESO's ALIP. This plan allows policyholders to surrender their LIC policy to a Trust and get the surrender value within 48 hours, while still retaining the life cover benefit, the company says. When policyholders die, the nominees can claim the death benefit paid by LIC from the Trust. Is ALIP legal in India? What did LIC say about selling your insurance policy to a Trust? What LIC policyholders should keep in mind while selling their policies to this new player in the market.
Pakistan stock exchange resumes trading after 2-hour halt on fire
There were no casualties and the fire has been contained, said Farrukh Khan, chief executive officer at Pakistan Stock Exchange. The situation is under control and employees have been allowed to get back into their offices, the exchange said in a statement.
In India, road accidents claim 19 lives every hour. Can AI make driving safer?
Startups are using AI tools to analyse driver behaviour in an effort to make the operations of fleet operators easier.
Markets on alert for Biden exit as Trump-win trades mount
Portfolio recalibration began at the end of last week after Biden's contentious debate with Trump sparked concerns about the 81-year-old Democrat's suitability for another term.
This European nation now allows international students to work part-time for 90 hours per month
International students in Denmark can now work part-time for 90 hours per month. The Danish Immigration Service also allows them to work full-time for 90 hours in June, July, and August. Previously, foreign workers needed to extend their stay before their permits expired, with a maximum stay of 90 days within the last 365 days.
Child labourers at Som Group's liquor unit worked 11 hours a day
A state inspection of a Som Group distillery in Madhya Pradesh found children, aged 13-17, working long hours filling and packing liquor bottles. Following the National Commission for Protection of Child Rights' discovery of 58 underage laborers, the state suspended the distillery's license. Som denies the allegations and has legally challenged the suspension.
- Go To Page 1
Tech View: Nifty breaks 4-day winning streak. Here’s how to trade next week
Nifty ended Friday’s session with a loss of 34 points and broke the four-day winning streak by forming a small-bodied red candle.
Reliance Retail sets the ball rolling on delivery in an hour, starts pilot service in Mumbai, Navi Mumbai
Reliance Retail's Mumbai delivery service aims for quick fulfillment in 30-45 minutes, integrating with kirana stores for wider reach. The company is utilising tech platforms like FYND and Locus for efficient operations.
Young Lions win gold at marketers competition
Indian team wins gold Lion at Young Lions competition set by World Bank's IDA, recruiting youth, entrepreneurs, influencers, and civil society to champion its cause.
United Cotfab IPO fully subscribed within hours of opening. Check GMP and other details
United Cotfab IPO: The category reserved for retail investors was booked over 2 times, followed by other investors at just 30%. About 50% of the offer is reserved for retail investors and the rest 50% for other investors.
India's top 100 listed companies must verify market rumours in 24 hours
Starting June 1, the top 100 listed companies must confirm or deny market rumors in mainstream media within 24 hours. The rule aims to prevent information leaks affecting stock valuation, enhancing market fairness. Sebi's new framework excludes price volatility for corporate actions, ensuring a level playing field for all investors. This initiative strengthens the market's integrity, making it more attractive to global investors.
Indians give eateries cold shoulder amid head-spinning heat
Extreme heatwave conditions across India have significantly impacted restaurants, pubs, and bars, leading to a sharp decline in sales and footfalls, with some outlets reporting up to a 40% decrease. Al fresco dining and high street locations are worst affected, especially during lunch hours, which are seeing a notable drop in business. The heatwave, with temperatures exceeding 50 degrees Celsius in some places, has led people to avoid outdoor dining, impacting sales till about 6 pm.
Mazagon Dock Q4 Results: PAT skyrockets 103% YoY to Rs 663 crore, revenue jumps 49%
On a sequential basis, the PAT was higher by 5.7%. The consolidated revenue from operations stood at Rs 3,104 crore in the reported quarter. It was Rs 2,079 crore in the year-ago period. The government-owned shipbuilding company declared a final dividend of Rs 12.11 per share for the year ended March 31.
Sebi puts in place SOP for handling of commodity exchange outage, extension of trading hours
Sebi on Monday came out with a standard operating procedure (SOP) asking stock exchanges having commodity derivatives segment to inform about trading disruptions within 15 minutes of such occurrences and extending the trading time by 30 minutes in certain outage conditions.
Why Sebi's decision on AIF certification is need of the hour and should be welcomed
Sebi mandates that at least one key personnel on the investment team of an AIF manager must have NISM certification. The regulation aims to signal legitimacy, promote lifelong learning, and create a talent pool in the investment industry.
Revolutionising the workplace: GenAI could help Indian workers save millions of working hours
Generative AI (genAI) is sparking awe and fear due to its potential impact on work. A Pearson report examines genAI's workforce impact in multiple countries, revealing potential time savings in IT, manufacturing, and law. Employers and employees are urged to embrace training and redesign roles to focus on higher-value tasks.
Share of Bitcoin volume during US market hours surges to new record
The ETFs calculate their net asset values each weekday at the close of US stock exchanges, which Kaiko said boosts price discovery and arbitrage trading. Thursday was the day of the week with the highest share of trading during these hours, with close to 15% of the cumulative daily volume, Kaiko found.
Manipur: Heart of Imphal comes to a standstill following 24-hour total shutdown call
This shutdown, effective from Monday midnight until Tuesday midnight, has paralyzed business activities, further exacerbating the ongoing ethnic conflict.
Weekend trouble! Third working Saturday for stock market traders in 2024 this week
Opponents of NSE's plan to extend trading hours in derivatives are now facing the reality of three working Saturdays in 2024. NSE and BSE are conducting a test session to ensure market functionality in case of a disaster.
Zomato Q4 earnings; Blinkit edges closer to profitability
Food delivery major Zomato reported a lower-than-expected quarterly profit of Rs 175 crore on Monday. Details on this and more in today’s ETtech Top 5.
Sebi rejects NSE proposal to extend trading hours as brokers protest
Sebi rejects NSE's proposal to extend trading hours for index derivatives. NSE CEO indicates shelving due to lack of broker feedback.
4 out of 5 SME IPOs sail through within hours of opening today
As many as five SME IPOs opened for subscription earlier on Tuesday and four of them sailed through within hours of opening, as usual, backed by strong retail interest.
New Solana meme coin $DWIFC hits top trending spot and $30M market cap hours after launch
Find out why $DWFIC is trending on DEXtools after hitting $30M in just 24 hours.
Is the idea of one nation, one exchange feasible? Ashish Chauhan answers
Ashish Chauhan, MD & CEO of NSE, elaborates on market dynamics, including the efficient incorporation of global events in pricing mechanisms. He discusses the potential for extended trading hours, highlighting ongoing industry discussions and the need for consensus. Chauhan points out that many countries in the world have a single exchange like Japan which used to have many exchanges, which have now become one.
Gold prices tepid as traders seek more US data
Investors will look at the U.S. retail sales data, the producer prices index (PPI) report and jobless claims due later in the day to gauge the U.S. economy's health and if it will deter the Fed from cutting rates in June.
Don't allow manual entry of bids, power regulator tells exchanges
The Central Electricity Regulatory Commission has issued directives to power exchanges to prohibit manual entry of bids on behalf of members during or after trading hours and to reject any bids submitted after trading hours. It has also ordered audits of the processes and software of the exchanges to ensure compliance with the Power Market Regulations 2021. Additionally, the commission has disallowed extensions to trading hours except in cases identified by the system operator.
In next 25 years, we are poised to reach $30 trillion GDP and $50 trillion market cap: Ashish Chauhan, NSE
Ashish Chauhan, MD & CEO of NSE, discusses the possibility of extending trading hours and the need for agreement from brokers, SEBI, and the other stakeholders. He says although we were the pioneers of automated trading and the rest of the world became automated later on, they have gone for 24 hours trading but we have remained with 6 hours 15 minutes trading. He highlights India's potential for creating new wealth through technology and predicts a $50 trillion market capitalisation by 2047.
MCX commences trading after a four-hour delay
The exchange deferred the timings of resumption twice before the trade started. In a circular issued by MCX, it said that the trading hours for the commodity derivatives segment for February 13, 2024, have been revised from 9 am to 1 pm.
Load More
