Market Live Updates Today: Trends on SGX Nifty indicate a positive opening for the index in India with 79 points gain
The BSE Sensex dropped 740.19 points to close at 48,440.12 on March 25 while the Nifty50 fell 224.50 points to 14,324.90.
image for illustrative purpose
The BSE Sensex dropped 740.19 points to close at 48,440.12 on March 25 while the Nifty50 fell 224.50 points to 14,324.90.
U.S. stocks rose in a late-day rally on Thursday as investors bought stocks likely to do well in the recovery and picked up beaten-down Apple and Tesla shares in anticipation that the U.S. economy grows at its fastest pace in decades this year.
Asian markets are set to open higher on Friday after U.S. equities rose as investors weighed the outlook for economic growth and inflation and welcomed progress on vaccination rollouts.
Live Updates
- 26 March 2021 8:59 AM IST
SEBI clarifies on definition of startup, eases norms for AIFs
Market regulator Securities and Exchange Board of India (SEBI) in its board meeting on March 25 approved proposals that will give more flexibility to venture capital funds to invest in, and remove friction arising out of multiple definitions of startups.
SEBI said it has approved proposals to provide a definition of ‘startup’ as specified by the government, removed the list of restricted activities or sectors from the definition of Venture Capital Undertaking to provide flexibility to Venture Capital Funds registered under Category I Alternative Investment Funds (AIFs) in making investments.
- 26 March 2021 8:58 AM IST
US weekly jobless claims hit one-year low; fourth-quarter GDP revised up
The number of Americans filing new claims for unemployment benefits dropped to a one-year low last week as economic activity rebounds after weather-related disruptions in February.
But the labor market is not out of the woods yet, with the weekly jobless claims report from the Labor Department on Thursday showing a staggering 18.953 million people were still receiving unemployment checks in early March. It will likely take years for a full recovery from the pandemic's scarring.
- 26 March 2021 8:57 AM IST
Supreme Court to deliver judgement in Tata-Mistry case today
The Supreme Court is scheduled to pronounce on Friday its judgement on the cross appeals filed by Tata Sons Pvt Ltd and Cyrus Investments Pvt Ltd against the NCLAT order which had restored Cyrus Mistry as the executive chairman of the over USD 100 billion salt-to-software Tata conglomerate. As per the Friday's cause list uploaded on the apex court website, a bench headed by Chief Justice S A Bobde would pronounce the verdict.
Shapoorji Pallonji (SP) Group had told the top court On December 17 that removal of Cyrus Mistry as the chairman of Tata Sons in a board meeting held in October 2016 was akin to a blood sport and ambush and was in complete violation of principles of corporate governance and pervasive violation of Articles of Association in the process.
- 26 March 2021 8:57 AM IST
SEBI eases norms for public listing of startups
Market regulator Securities and Exchange Board of India (SEBI) on March 25 announced measures that will make it easier for startups to go public on the Innovators Growth Platform or IGP. The norms will also give early-stage investors in startups an easier way to exit.
- 26 March 2021 8:55 AM IST
Sebi tweaks rules for delisting and sustainability reporting
The Securities and Exchange Board of India (Sebi) has approved a raft of measures including more transparent and efficient delisting of shares, reporting of sustainability issues by companies.
In its board meeting on March 25, the market regulator also mandated public disclosure of analyst calls, quick reporting of earnings, and expanded the requirement of setting up a Risk Management Committee to the top 1,000 listed companies by market capitalizatioin from the existing to 500 listed entities.
Under the new delisting norms, a promoter or acquirer will have to disclose the intention to delist by making an initial public announcement. A committee of Independent Directors will have to give “reasoned recommendations” on the proposal for delisting.
