New Delhi: Markets regulator SEBI on Tuesday issued guidelines allowing Alternative Investment Funds (AIFs) to retain liquidation proceeds beyond their permissible fund life under specified circumstances. The regulator also introduced an ‘Inoperative Fund’ framework for wound-up funds that continue to have residual obligations. The move follows amendments to the SEBI (Alternative Investment Funds) Regulations on…
After staging a sharp rebound on Monday amid easing tensions in West Asia, the Nifty extended its gains for a second consecutive session on Tuesday, ending 135 points higher despite a largely range-bound trading day. On the weekly options expiry session, the benchmark index remained confined within the previous day’s trading range. The Nifty opened…
US stock markets showed mixed performance on Tuesday after a record-breaking rally, as investors turned their gaze towards the upcoming Federal Reserve policy meeting and on developments surrounding the US-Iran agreement. At the opening bell, the benchmark S&P 500 and the technology-focused Nasdaq Composite were little changed. The Dow Jones Industrial Average rose around 0.4%,…
Brent crude fell below $81 per barrel on Tuesday, June 16, extending its recent decline and touching its lowest level since March 4, as easing geopolitical tensions in West Asia and expectations of higher oil supplies weighed on prices. The global benchmark has now fallen for a fourth straight session, after Indian Oil Corporation and…
Sensex Prediction for tomorrow: With market momentum firmly intact, technical analysts expect the rally to test new resistance levels on Wednesday, June 17, provided the index can clear immediate overhead hurdles. Sensex Prediction for tomorrow, June 17: Indian benchmark equity indices Sensex and Nifty extended their winning streak for the third consecutive day on Tuesday,…
After a strong run in 2025, India’s primary market witnessed a slowdown, with 23 companies tapping the Initial Public Offering (IPO) route to raise more than ₹27,000 crore so far in 2026 amid heightened volatility and macroeconomic uncertainty, according to a report released by Equirus Capital on Tuesday (June 16). This follows the launch of…
DOMS Industries is likely to be in focus on Wednesday after FILA was said to be planning a stake sale in the stationery maker through a block deal, sources told CNBC-TV18. According to sources, FILA may sell up to a 7% stake in DOMS Industries. The base deal size is pegged at 5.2% equity, with…
The government’s stake sale in General Insurance Corporation of India (GIC Re) got off to a strong start on Tuesday, with the Offer for Sale (OFS) being subscribed 3.72 times on the first day itself. The robust response from institutional investors has prompted the government to exercise the entire greenshoe option, allowing it to sell…
Indian equities ended higher for a third consecutive session on Tuesday, with benchmark indices closing near the day’s high amid gains in IT stocks, select energy names and broader market counters. The BSE Sensex rose 544 points to close at 76,809, while the NSE Nifty gained 135 points to settle at 23,989. The Nifty Bank…
Wipro Ltd on Tuesday, June 16, said it has launched an Applied AI Centre of Excellence (CoE) for Anthropic’s Claude models at its Bengaluru innovation hub, as the Indian IT services company seeks to deepen enterprise adoption of artificial intelligence, according to an exchange filing. The centre, established under Wipro’s newly created AI-Native Business &…
