Posts in category All News
India’s forex kitty jumps by $816 mn to $653.71 bn (28-06-2024)
India's forex reserves jumped by $816 million to $653.71 billion for the week ended June 21, the RBI said on Friday. In the previous reporting week, the overall reserves had dropped by $2.92 billion to $652.89 billion.
Sebi proposes mandatory disclosure of ‘risk-adjusted return’ by mutual funds (28-06-2024)
Risk-adjusted return offers a comprehensive view of a mutual fund's performance by measuring the return earned per unit of risk taken. Currently, regulations do not require disclosure of RAR alongside standard returns for mutual funds.
Maruti Suzuki among 5 auto stock picks from Motilal Oswal (28-06-2024)
Motilal Oswal predicts subdued growth for the Indian auto sector in June, with declining retails across most segments due to factors like post-election consumer sentiment and heatwave impact. However, they remain optimistic about select OEMs like Maruti Suzuki and Ashok Leyland, and ancillary companies like Craftsman Automation, Happy Forgings, and Samvardhana Motherson International, advocating for micro-strategies to navigate the sector's challenges.
Manipur CM clarifies MLAs’ visit to central leaders not for seeking resignation (28-06-2024)
Biren Singh clarified, "Some MLAs have gone for people are seeking solution and peace. This is rumours promoted by vested interest groups that they have gone to seek my resignation. It is wrong." He further explained that at the meeting, MLAs expressed their appreciation for Prime Minister Narendra Modi and Union Home Minister Amit Shah for their resolve to solve the Manipur issue. "Shah has even started holding meetings with different agencies," Singh stated.
Sebi cancels registration of LFS Broking, bans MD for 5 yrs over violations (28-06-2024)
Markets regulator Sebi on Friday cancelled the registration of LFS Broking and barred its MD Saiyad Jiyajur Rahaman from being employed or associated with any registered intermediary for five years for violating market norms.
The regulator also cancelled the registrations of LFS Broking as a stockbroker, portfolio manager, depository participant, and research analyst.
"I note that since the Noticee No. 2 (Saiyad Jiyajur Rahaman) has not acted with integrity, and honesty and has not displayed ethical behaviour and fairness, he ceases to be a fit and proper person in terms of the Intermediaries Regulations," Sebi's Whole time member Kamlesh C Varshney said in the 56-page order.
Further, Sebi observed the conduct of LFS Broking, where it allowed to use the registration certificates in collusion with Rahman, to deceive investors for the illegal mobilisation of funds.
The markets watchdog holds that the brokerage firm is also not satisfying the criteria prescribed under the Intermediari
RSWM LTD (Ascending triangle + Multiyear break out ) (28-06-2024)
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