Leading stock exchanges BSE and NSE have slapped a fine of Rs 5.42 lakh each on state-run Shipping Corporation of India (SCI) for non-compliance with the Securities and Exchange Board of India’s (Sebi’s) listing regulations.

The Navratna PSU informed about the development via a filing to the exchanges on Saturday. It said that the action will not have any significant impact on the company’s financial, operational, or other activities.

On Friday, February 27, 2026, the company received an email from BSE and a notice from the National Stock Exchange levying a total fine of Rs 5,42,800, each for non-compliance with Regulation 17(1) of Sebi Listing Regulations regarding the composition of the Board of Directors.

Shares of Shipping Corporation ended 1.8% lower on the NSE at Rs 263.47.

SCI operates oil tankers and product carriers that move crude oil from overseas suppliers to Indian refineries, making it strategically important for energy security. Its stock has rewarded investors with returns of 76% in the past 12 months, significantly outperforming the Indian benchmarks Nifty and the BSE Sensex, whose returns in the same period stand at 12% and 9%, respectively, according to Trendlyne.

The stock is currently trading above its 50-day and 200-day simple moving averages of Rs 233 and Rs 226, respectively, the Trendlyne data said.
The company reported a staggering 440% jump in net profit for the third quarter of FY26. Net profit for the quarter rose to Rs 405 crore, sharply higher than the Rs 75.52 crore reported in the corresponding quarter last year.Revenue from operations stood at Rs 1,612 crore, marking a 22.5% increase from Rs 1,316 crore in the year-ago period, the company said in an exchange filing.

The tanker segment led the performance, with revenue rising 34% to Rs 1,097 crore, while operating profit (earnings before interest and taxes, or EBIT) surged 389% year-on-year. The bulk carrier segment also posted strong growth, with revenue climbing to Rs 237.51 crore from Rs 147 crore in the corresponding quarter of the previous financial year.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

State-run defence company Bharat Electronics Limited (BEL) on Friday declared an interim dividend of Rs 1.95 per share for the financial year 2025-26 and set the record date on Thursday, March 5 for determining the eligible shareholders. The interim dividend will be paid within 30 days from the date of declaration, the company said in its filing to the exchanges.

The record date of a dividend is the cut-off date set by a company to determine which shareholders are eligible to receive the declared dividend.

BEL dividend history / dividend yield

The PSU company has declared 51 dividends since August 29, 2003. In the past 12 months, Bharat Electronics has declared an equity dividend amounting to ₹2.40 per share, according to Trendlyne. At the current share price of Rs 444.70, Bharat Electronics’s dividend yield is 0.54%.

BEL share price performance

BEL shares ended at Rs 444.70 on the NSE on Friday, declining by 4.35 or 1% over the Thursday closing price.

The Nifty stock has had a stellar run on the D-Street, delivering 74% returns in the past 12 months. It is the second best performer n the frontline index and only behind Shriram Finace whose returns of 78%, remain ahead.
Meanwhile, Nifty and the BSE Sensex have yielded 12% and 9% in the same period.BEL shares are currently trading above their 50-day and 200-day simple moving averages of Rs 422 and Rs 405, respectively, according to Trendlyne.

The defence electronics major reported a decent set of numbers for the December quarter. The company’s consolidated net profit rose to Rs 1,580 crore, compared with Rs 1,312 crore in the same period last year. This translates into a year-on-year (YoY) growth of 21%. Revenue from operations for the quarter rose 24% YoY to Rs 7,154 crore.

Sequentially, profit was higher than the Rs 1,287 crore reported in the September quarter. Compared with the previous quarter, revenue also rose from Rs 5,946 crore.

Including other income of Rs 139 crore, BEL’s total income for the quarter came in at Rs 7,292 crore, compared with Rs 5,957 crore in the year-ago period.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

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Choppy crypto markets punished trend-following funds in 2025, with violent swings erasing months of positioning. This year’s decisive selloff has offered a reprieve.

Digital-asset investment firm XBTO’s trend fund rose 13.3% last month, its second-best since launching in February 2024, as Bitcoin fell more than 10% and Ether dropped 18%. The gain was driven by a timely flip to short positions as crypto markets broke lower in the final week of January, with more than seven percentage points of the return coming in those last few days, according to Karl Naim, the firm’s chief commercial officer.

One month doesn’t change a challenging trading landscape. But for a strategy that struggled last year, recent gains offer a well needed boost — and a reminder that trend-following can still pay when markets finally pick a direction.

Bitcoin peaked near $126,000 in early October and has since fallen sharply, with the broader crypto market losing $2 trillion in crypto market value along the way, according to CoinGecko. Trend models that rode momentum higher got whipsawed by the fast reversal. The fund lost money in five of the previous six months and finished 2025 down 7.8%. Industry-wide, quant trend funds returned 0.44% last year, down from 65% in 2024, according to Crypto Insights Group. Market-neutral strategies, which don’t rely on directional bets, gained 14.7%.

Those that caught the downturn, though, are now benefiting.
“We have been net short in February, have taken some risk off the table, and continue to see potential downside pressure on Bitcoin,” Naim said.
XBTO’s trend fund trades crypto perpetual futures and focuses on the most liquid tokens, typically the top-50 by market value. Perpetual futures are derivatives that track an asset’s price without an expiry date. Positions are driven by a systematic momentum model that scans market and blockchain data.
XBTO was founded in 2015 by Philippe Bekhazi, a former SAC Capital trader, and is regulated in Bermuda and Abu Dhabi.

Trend-following is a well-established strategy in traditional markets, where large quant firms manage billions of dollars. In crypto, the approach can win big in one-way markets like in 2021, 2023 and 2024. But it remains largely unproven at scale — funds are far smaller, track records are short, and the market’s tendency toward sudden, violent reversals makes sustained momentum difficult to capture.

XBTO manages about $100 million across its funds and is targeting to raise another $100 million this year.

HDFC Mutual Fund has announced the launch of HDFC Income Plus Arbitrage Omni FOF, an open-ended Fund of Fund scheme designed to provide investors exposure to arbitrage schemes and active / passive debt-oriented schemes.

The new fund offer or NFO of the scheme is open for subscription and will close on March 11.

HDFC Income Plus Arbitrage Omni FOF will dynamically manage its allocation by adjusting portfolio duration and credit exposure based on factors such as the interest rate outlook, RBI monetary policy, yield curve dynamics, liquidity conditions and arbitrage spreads between the cash and futures markets, according to a press release by the fund house.

The scheme will aim to maintain the exposure to units of debt-oriented mutual fund schemes, debt securities and money market instruments below 65%. At least 35% of the portfolio will be allocated to arbitrage schemes.

“In today’s fixed income environment, investors are increasingly seeking solutions that combine income potential and prudent risk management. With HDFC Income Plus Arbitrage Omni FOF, we endeavour to provide a solution that will allow investors to dynamically allocate across arbitrage schemes and active and passive debt-oriented schemes, with the objective of building yield potential while aiming to manage volatility,” said Navneet Munot, Managing Director and Chief Executive Officer, HDFC Asset Management Company.

Anchored in our rigorous credit evaluation process and execution discipline, this product seeks to provide a differentiated approach to accrual investing, Munot added.
By virtue of this allocation strategy, the Scheme will be tax-efficient and in addition to this, the FOF structure seeks to provide investors the benefit of active asset allocation without triggering taxation on switching between underlying schemes, said the release. This Scheme will be managed by Bhavyesh Divecha and Praveen Jain. The benchmark for this Scheme is 40% NIFTY 50 Arbitrage Index (TRI) and 60% NIFTY Short Duration Debt Index.

“Currently, while growth remains healthy, we remain cautiously optimistic on the yields in view of benign inflation outlook, ample system durable liquidity in FY27 and expectation of low policy rates to continue in the foreseeable future. Furthermore, in our view, most negative sentiments look to be largely priced into the current yield levels, thereby providing scope for yields to drift lower hereon,” said Praveen Jain.

“Considering RBI is close to the end of rate cut cycle, accrual assets appear to be well- placed, with the spreads of non-AAA corporate bonds sitting at a higher level versus AAA corporate bonds, and higher than its long-term averages. This could create room for spread compression, along with possible easing of yields over the medium term. Hence, investors could explore investing in HDFC Income Plus Arbitrage Omni FOF – an easy and convenient way to allocate across units of arbitrage schemes and active and passive debt-oriented schemes in a tax-efficient manner,” Jain added.

Investors can invest with a minimum amount of Rs 100 during the NFO period and during the continuous offer period after the scheme reopens for subscription and redemption. There is no upper limit on investment, and allotment of units will be done after deduction of applicable stamp duty, if any. An exit load of 1% is applicable if units are redeemed or switched out within 18 months from the date of allotment.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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