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Nithin Kamath, CEO of Zerodha, commented on BSE and NSE’s new Closing Auction Session (CAS), noting that while it’s a good idea, recent price swings reveal deeper issues in India’s markets, particularly the limited ability for arbitrage due to a lack of liquidity and varied market participants.
As part of the partnership, Reliance Brands will operate SKIMS in India through both physical stores and digital platforms. The brand’s first stores in the country will open in Delhi and Mumbai.
Gold and silver prices rose for a second session due to optimism over US-Iran diplomatic negotiations, easing inflation concerns. Comex gold reached $4,325 while silver climbed to $63. A weaker US dollar also supported demand for these precious metals.
India’s $3.3 billion stake sale in LIC saw lower retail demand, with bids covering only 69% of shares reserved for individuals, contrasting with strong institutional interest.
Berger Paints expects double-digit revenue growth to continue through the year as the full benefit of price increases flows through from the September quarter.
Virginia reports first locally acquired dengue case
MoneyPass Group launches as independent ATM network company
Quanome Technologies begins trading on Nasdaq under QNME
TeraWulf rating affirmed at BB- by S&P Global Ratings
Flutter Entertainment stock hits 52-week low at 91.51 USD