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Posts in category Business Standard
Raselle Capital VCC settles FPI violation case with Sebi, pays Rs 1.23 cr (02-07-2024)
Foreign portfolio investor Raselle Capital VCC has settled a case related to the alleged violation of FPI rules with capital markets regulator Sebi after paying Rs 1.23 crore as settlement charges.
The order came after Raselle Capital proposed to settle the instant proceedings initiated against it without “admitting or denying the findings of facts and conclusions” of the law.
The Securities and Exchange Board of India (Sebi) initiated adjudication proceedings against the applicant (Raselle Capital VCC) for the alleged violations of Sebi’s Foreign Portfolio Investors (FPI) rules and other market norms.
Further, a show cause notice (SCN) dated December 18, 2023, was issued to the applicant by the markets watchdog for the alleged violations.
Thereafter, the applicant filed a settlement application with the regulator in terms of the provisions of Sebi’s (Settlement Proceedings) regulations to settle the matter.
Pursuant to the receipt of the application, Sebi’s High Powered Advisory
IEX records 24.7% growth in electricity volume in June (02-07-2024)
Indian Energy Exchange achieved electricity volume of 10,185 MU in June’24, marking a 24.7% year on year increase. The total monthly volume including certificates at 10,677 MU, increased 19.4% on year-on-year basis.
K E C International wins orders of Rs 1,017 cr (02-07-2024)
Under T&D and Renewables businesses
C-DAC partners with MosChip and Socionext (02-07-2024)
For development of indigenous HPC Processor AUM
Wall Street maps out what a Trump election win would mean for bond market (02-07-2024)
Buy-side investors like Jack McIntyre, a portfolio manager at Brandywine Global Investment Management, are increasingly taking note.
NHC Foods fixes record date for stock split (02-07-2024)
Record date is 22 July 2024
KPI Green Energy fixes record date for stock split (02-07-2024)
Record date is 18 July 2024
Benchmarks end with minor losses; banks drag (02-07-2024)
The equity benchmarks ended flat today after early gains fizzled. Profit booking set in after the key indices touched record highs, with banking and FMCG stocks leading the decline. IT stocks provided the lone bright spot. Investors now turn their attention to key US data points, including jobs figures and the Fed Chair’s speech, for clues on the future trajectory of interest rates.
HCL Technologies launches new global delivery center in Patna (02-07-2024)
This is HCLTech’s first center in the state of Bihar. Going forward, the center will also house specialized labs and centers of excellence to boost HCLTech’s technology innovation engine and will offer a wide range of services to global clients.