Posts in category Business Standard
Sebi board takes measures to curb fraudulent trades in mutual funds (30-04-2024)
Sebi board on Tuesday decided to amend norms governing mutual funds, whereby asset management companies (AMCs) need to put in place an "institutional mechanism" for identification and deterrence of potential market abuse, including front-running and fraudulent transactions in securities.
The mechanism should consist of enhanced surveillance systems, internal control procedures, and escalation processes to identify, monitor and address specific types of misconduct, including front running, insider trading, and misuse of sensitive information, Sebi said in a statement issued after the conclusion of the board meeting.
With a view to address the issues faced by venture capital funds (VCFs) registered under the erstwhile VCF norms with respect to their inability to fully liquidate the investments of their schemes within the tenure of the scheme, the Sebi's board has approved a proposal to provide an option to such VCFs to migrate into AIF (Alternative Investment Fund) rules and avail the
Sterlite Technologies successfully partners with Archtop Fiber (30-04-2024)
To support development of Archtop's expansive multi-gigabit fiber Internet network in the US
Essen Speciality Films standalone net profit declines 73.22% in the March 2024 quarter (30-04-2024)
Sales rise 11.22% to Rs 40.16 crore
DB (International) Stock Brokers standalone net profit rises 138.46% in the March 2024 quarter (30-04-2024)
Sales rise 191.70% to Rs 14.41 crore
Vivanza Biosciences reports consolidated net loss of Rs 0.41 crore in the March 2024 quarter (30-04-2024)
Sales decline 46.36% to Rs 4.42 crore
Oxford Industries reports standalone net loss of Rs 0.01 crore in the March 2024 quarter (30-04-2024)
Sales rise 196.67% to Rs 0.89 crore
Stanpacks (India) reports standalone net profit of Rs 0.59 crore in the March 2024 quarter (30-04-2024)
Sales decline 3.48% to Rs 6.37 crore
Gravita India consolidated net profit rises 8.10% in the March 2024 quarter (30-04-2024)
Sales rise 15.29% to Rs 863.41 crore
Sensex corrects 189 pts, Nifty holds 22,600, VIX climbs 5% (30-04-2024)
Domestic equity benchmarks surrendered early gains and closed moderately lower on Tuesday. The S&P BSE Sensex fell 188.50 points or 0.25% to 74,482.78, while the Nifty 50 slipped 38.55 points or 0.17% to 22,604.85.
Castrol India standalone net profit rises 6.79% in the March 2024 quarter (30-04-2024)
Sales rise 2.42% to Rs 1325.24 crore