Shares of BSE (formerly Bombay Stock Exchange) have jumped nearly three times this year amid a successful derivatives segment re-foray. Domestic brokerage HDFC Securities sees the stock sustaining the gains with the derivative segment underpinning the growth going ahead.

BSE has witnessed success with the Sensex contract in the much larger equity derivatives segment, dominated by NSE. The Sensex contract is currently catering to about 40 per cent of NSE's derivatives volume (Nifty) but with the launch of the Bankex contract, BSE will address about 95 per cent of NSE's derivative volume.

Drugmaker Solara Active Pharma Sciences on Thursday announced that PV Raghavendra Rao has been appointed as the chief financial officer (CFO) of the company and has been given the designation of key managerial personnel. The appointment is effective from October 26, the company said in a press release.

Rao is a chartered accountant from the Institute of Chartered Accountants of India (ICAI) and has about two and half decades of post-qualification experience. Rao has a strong track record of handling multiple industries, including pharmaceuticals, the company said.

Shares of State Trading Corporation of India (STC India) were locked in the 10 per cent lower circuit on BSE for a second day at Rs 135.15 on Thursday amid reports that the company may be closed down by the government. A combined 1.45 million equity shares, representing 24 per cent of total equity of STC India, had changed hands on the NSE and BSE. There were pending sell orders for around 60,000 shares, exchanges data shows.

The net profit of Nestle India Limited for the third quarter of the current calendar year (Q3CY23) saw a rise of 37.28 per cent to Rs 908.08 crore, compared to Rs 661.46 crore for the corresponding quarter of the previous year, the company said in a BSE filing. Sequentially, the net profit was up 30.03 per cent. In Q2CY23, the net profit of the company was Rs 698.34 crore.

Nestle India declared a second interim dividend of Rs 140 per equity share of Rs 10 each for the year 2023. The company also announced a stock split of each fully paid-up equity share of face value of Rs 10 into 10 equity shares of face value of Re 1 each.

Telangana IT Minister KT Rama Rao (KTR) responded to Congress leader Rahul Gandhi's allegation of unemployment in the state and claimed that the government had issued 220,000 job notifications and filled 130,000 jobs during their last nine years of rule, an ANI report said.

Telangana State Public Service Commission (TSPSC) would be revamped if needed and job calendars would be released every year to fill up the vacancies, the minister added.

Within a year of the launch of Airtel 5G Plus, Bharti Airtel has announced that it has over 2.1 million unique 5G customers on its network in Madhya Pradesh and Chhattisgarh, as well as 2.7 million unique 5G customers on its Rajasthan network. The company has gathered more than 4.8 million unique 5G customers, the company stated in a regulatory filing with the exchanges on Thursday.

Geographically, the company has all Madhya Pradesh and Chhattisgarh districts, including locations like Khajuraho, Khandwa, Gwalior, and Sukma.

The Warora-Kurnool Transmission (WKTL), spanning 1,756 circuit kilometres (ckm) across Maharashtra, Telangana, and Andhra Pradesh, was fully commissioned by Adani Energy Solutions Limited (AESL), the company announced on Thursday through an exchange filing.

The project will strengthen the national grid to ensure seamless power flow of 4500 MW between the western and southern regions, it said.

Ahead of the Telangana Assembly Elections, Telangana BJP core group meeting is likely to be held today at the residence of the party's national president JP Nadda, party sources said.

Union Minister G Kishan reddy, party National Secretary Tarun chug, MP Prakash Javdekar, Telangana Election Management Committee Chairman Etala Rajendar, National President OBC Morcha K Laxman, National Secretary Sunil bansal, party veteran leader Vivek venkat swami and ex Telangana BJP Chief Sanjay Bandi will be take part in the meeting, they said.

Large Indian banks are preparing for a $5 billion forex swap maturing next week by accumulating dollars, with the trading pattern suggesting that lenders do not expect the swap to be rolled over, traders said on Wednesday.

The $5 billion dollar/rupee swap that the Reserve Bank of India undertook in April 2022 will mature on Monday, meaning $5 billion can potentially be taken out of the banking system, fuelling a potential dollar shortage.

In the Union Cabinet meeting held on Wednesday, the Centre has approved a hike in dearness allowance (DA) to 46 per cent for central government staff, effective July 2023.

The hike, effective from July 1, 2023, will lead to enhanced salaries for the month of November, along with arrears for the period from July to October. It is likely to benefit 4.7 million employees and 6.8 million pensioners.

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