The NSE has drastically reduced the list of stocks eligible for collateral in margin funding, removing 1,010 stocks, including Adani Power, Yes Bank, and Paytm, effective August 1
Posts in category Business Standard
This BSE listed ship breaking stock has zoomed 79% in 4 trading days (16-07-2024)
Shares of Hariyana Ship Breakers were locked in the upper circuit for the fourth straight trading day, up 10% at Rs 222.90, also its record high on Tuesday.
Sheetal Cool Products Ltd leads losers in ‘B’ group (16-07-2024)
Kellton Tech Solutions Ltd, Indian Renewable Energy Development Agency Ltd, Jyoti CNC Automation Ltd and JHS Svendgaard Retail Ventures Ltd are among the other losers in the BSE’s ‘B’ group today, 16 July 2024.
Bajaj Auto gains after Q1 PAT jumps 19% YoY To Rs 1,988 cr (16-07-2024)
Bajaj Auto added 1.31% to Rs 9,782.05 after the auto major’s standalone net profit jumped 19.43% to Rs 1,988.34 crore on 15.69% rise in revenue from operations to Rs 11,928.02 crore in Q1 FY25 over Q1 FY24.
International Travel House standalone net profit rises 15.49% in the June 2024 quarter (16-07-2024)
Sales rise 7.34% to Rs 55.75 crore
Morarka Finance standalone net profit declines 65.90% in the June 2024 quarter (16-07-2024)
Sales decline 84.21% to Rs 0.81 crore
Bajaj Auto consolidated net profit rises 18.10% in the June 2024 quarter (16-07-2024)
Sales rise 14.94% to Rs 11557.97 crore
Century Textiles & Industries reports consolidated net profit of Rs 7.78 crore in the June 2024 quarter (16-07-2024)
Sales rise 28.36% to Rs 1139.67 crore
Himadri Speciality Chemical consolidated net profit rises 42.33% in the June 2024 quarter (16-07-2024)
Sales rise 26.24% to Rs 1200.41 crore
Sebi amends investment rules; lays framework for employment benefit scheme (16-07-2024)
Capital markets regulator Sebi came out with a framework for a unit-based employment benefit scheme for investment trusts — REITs and InvITs.
Under the framework, Sebi has prescribed the manner of the implementation of the scheme through a trust, the manner of receiving units by the employee benefit trust and the manner of allotment of units to the employee benefit trust by REIT (Real Estate Investment Trust) and InvIT (Infrastructure Investment Trust).
In two separate notifications, Sebi said the ‘unit-based employee benefit scheme’ would be in the nature of the employee unit option scheme.
Employee unit option scheme refers to a scheme under which the investment manager grants unit options to its employees through an employee benefit trust.
The implementation of the scheme would be done through a separate Employee Benefit Trust (EB Trust) which can be created by the manager of a REIT or the investment manager of InvIT. The units held by EB Trust would be used only for the limite