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Posts in category Business Standard
Stock market holiday, July 17: NSE, BSE shut today on account of Muharram (17-07-2024)
The equity, equity derivative, and SLB segments will remain closed for the entire day. The currency derivatives and commodity derivatives segments will also be closed throughout Wednesday
Stock market holiday, July 17: NSE, BSE shut today on account of Muharram (17-07-2024)
The equity, equity derivative, and SLB segments will remain closed for the entire day. The currency derivatives and commodity derivatives segments will also be closed throughout Wednesday
Golkunda Diamonds & Jewellery standalone net profit rises 704.55% in the June 2024 quarter (17-07-2024)
Sales rise 9.31% to Rs 60.01 crore
Sebi proposes provisions for summary proceedings in intermediaries rules (16-07-2024)
Capital markets regulator Sebi on Tuesday proposed introducing provisions for “summary proceeding” in the intermediaries rules to handle certain violations of securities laws by intermediaries more swiftly and efficiently.
In this regard, the Securities and Exchange Board of India (Sebi) has floated a consultation paper to invite public comments till August 6 on proposed amendments to the Intermediaries Rules, 2008.
Summary proceedings allow the entity to present reasons why the facts leading to the proceedings should not result in adverse consequences against it.
Earlier, summary proceedings were part of Chapter III of the erstwhile Sebi (Procedure of Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002. However, with the promulgation of the Intermediaries Regulations in 2008, these rules were repealed in May 2008.
In its consultation paper, Sebi said the proposed provisions of the summary proceedings will include the provisions for identifying the cases for
Motilal Oswal Mutual Fund divests stake in Zomato for Rs 646 crore (16-07-2024)
Motilal Oswal Mutual Fund on Tuesday divested its stake in online food delivery aggregator Zomato for Rs 646 crore through an open market transaction.
According to the block deal data available on the National Stock Exchange (NSE), Motilal Oswal Mutual Fund (MF) sold more than 2.84 crore shares or 0.3 per cent stake in Gurugram-based Zomato.
The shares were disposed of at an average price of Rs 226.85 apiece, taking the transaction value to Rs 645.84 crore.
Axis Mutual Fund, BNP Paribas Arbitrage, Citigroup Global Markets Mauritius, Goldman Sachs, Matthews Asia, Morgan Stanley, Hong Kong-based Optimas Capital Management and investment management firm Polar Capital were among the buyers of Zomato’s shares.
Shares of Zomato plunged 4.71 per cent to close at Rs 218.35 apiece on the NSE.
Six firms in queue for MF licence; AlphaGrep Securities latest applicant (16-07-2024)
AlphaGrep Securities joins Jio and two others in line for in-principle approval
Quant front running triggers fast tracking of fraud detection framework (16-07-2024)
Sebi tells large AMCs to expedite setting up of an institutional mechanism
FlixBus partners with Paytm to revolutionise intercity bus travel in India (16-07-2024)
FlixBus, a global leader in affordable and sustainable travel, which entered India earlier this year, has now announced a strategic partnership with Paytm.
Board of Bajaj Auto approves issue of 6.40 lakh equity shares to ESOP Trust (16-07-2024)
At meeting held on 16 July 2024