Mumbai, May 26 (IANS) The National Stock Exchange of India has barred Yes Securities from onboarding new clients for a period of three months after identifying violations related to upfront margin collection and penalty recovery practices.In its disciplinary order, the NSE said the brokerage failed to maintain the required upfront margins in several instances and later transferred the penalties imposed by the clearing corporation to its clients.According to the exchange, such practices violated …
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Mumbai, May 19 (IANS) Textile and paper manufacturer Trident Limited on Tuesday reported a 23.5 per cent year-on-year (YoY) decline in consolidated net profit for the fourth quarter ended March 31 (Q4 FY26).The firm reported a net profit of Rs 102 crore in the January-March quarter, compared with Rs 133.2 crore in the corresponding quarter of the previous financial year (Q4 FY25), according to an exchange filing.Revenue from operations during the quarter fell 12.4 per cent year-on-year to Rs 1,6…
Mumbai, May 18 (IANS) Shares of Alembic Pharmaceuticals Limited fell more than 9 per cent on Monday after the Gujarat-based drugmaker reported lower-than-expected earnings for the March 2026 quarter, with pressure on operating margins weighing on investor sentiment.The stock declined as much as 9 per cent to hit an intra-day low of Rs 710.70 on the National Stock Exchange of India (NSE).At the closing bell, the shares were down by 7.42 per cent or Rs 58.20 at Rs 725.90. On a year-to-date basis, …
Mumbai, May 15 (IANS) Bajaj Electricals on Friday reported a consolidated net loss of Rs 67.5 crore for the fourth quarter (Q4) of FY26, compared with a net profit of Rs 59.1 crore in the corresponding quarter last financial year, as weaker operating performance and a sharp reversal in exceptional items weighed on earnings.The company’s revenue from operations declined 2.1 per cent year-on-year to Rs 1,239.5 crore during the March quarter from Rs 1,265.5 crore in the same period of the previou…
Mumbai, May 15 (IANS) VST Tillers Tractors on Friday reported a sharp 80 per cent year-on-year (YoY) decline in net profit for the fourth quarter ended March 31 (Q4 FY26), primarily due to a steep fair value loss on investments during the period.The company posted a net profit of Rs 5 crore for the March quarter compared with Rs 24.5 crore in the corresponding quarter of the previous financial year (Q4 FY25), according to its stock exchange filing.Despite the sharp decline in profit, revenue fro…
Mumbai, May 5 (IANS) Shares of Voltamp Transformers Limited plunged 20 per cent on Tuesday, hitting the lower circuit after the company reported a sharp decline in earnings for the March 2026 quarter.The stock fell to Rs 10,016 on the National Stock Exchange of India (NSE), wiping out significant investor wealth and dragging the company’s market capitalisation down to Rs 14,649.59 crore.By mid-afternoon session, the stock was trading at Rs 10,116, down over 19 per cent from its previous close …
New Delhi, May 3 (IANS) Pharmaceutical major Alkem Laboratories has come under regulatory scrutiny after the United States Food and Drug Administration (USFDA) issued inspectional observations at its manufacturing facility in Amaliya, Daman, following a recent audit.The inspection, conducted over 12 days from April 20 to May 1, concluded with the issuance of a Form 483, in which the US regulator flagged seven observations.A Form 483, formally known as a “Notice of Inspectional Observations,”…
Mumbai, May 1 (IANS) India’s stock market activity in April presented a contrasting picture, as strong gains in equities boosted cash market trading, while higher taxes and regulatory tightening weighed on derivatives volumes.Cash market turnover rose 7 per cent during the month, supported by a sharp rebound in equities after the steep correction seen in March.Benchmark indices staged their strongest monthly recovery in over a year, with the Sensex climbing 6.9 per cent and the Nifty advancing…
Mumbai, April 24 (IANS) The Securities and Exchange Board of India (SEBI)on Friday proposed a revised framework for calculating the net worth requirement of stock brokers, seeking to align capital norms more closely with the scale and risk profile of their operations.In a consultation paper, the regulator said the existing methodology — which ties net worth to 10 per cent of the average daily client cash balances retained by brokers — has lost relevance following the implementation of the upst…
Mumbai, March 19 (IANS) India’s stock market has become an attractive destination for foreign investors after the recent correction, a senior official of the market regulator said, highlighting fresh opportunities for global players, including those from Russia.Kamlesh Chandra Varshney, whole-time member of the Securities and Exchange Board of India, said valuations in the Indian equity market now look “quite attractive” following a decline over the past few months.“The correction, which…