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Gold price rises Rs 10 to Rs 72,160, silver slips Rs 100 to Rs 89,900 (29-06-2024)
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,310, Rs 66,160, and Rs 66,670, respectively
Orchid Pharma partners with Cipla for pan-India distribution of Cefepime-Enmetazobactam (29-06-2024)
Orchid Pharma said that it has partnered with Cipla to ensure widespread and rapid distribution of the company’s new drug- Cefepime-Enmetazobactam across India.
Rajoo Engineers board OKs 1:1 bonus issue (29-06-2024)
Rajoo Engineers said that its board has approved to issue one bonus equity shares for every one share held (1:1).
Aditya Vision board to mull stock split proposal (29-06-2024)
Aditya Vision said that its board will meet on Wednesday, 3 July 2024 to consider a proposal of sub- division /split of the equity shares of the company.
Kronox Lab Sciences standalone net profit rises 140.98% in the March 2024 quarter (29-06-2024)
Sales rise 3.31% to Rs 22.18 crore
Investment holding companies rally after Sebi delisting framework (28-06-2024)
The Securities and Exchange Board of India (Sebi) on Thursday announced that with the entire public shareholding being extinguished, the holdcos will be delisted
Gold demand still lacklustre, jewellers expect import duty cut in Budget (28-06-2024)
Indian dealers offered a discount of up to $9 an ounce over official domestic prices — inclusive of 15% import and 3% sales levies, versus last week’s discount of $13
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
Sebi proposes mandatory disclosure of ‘risk-adjusted return’ by MFs (28-06-2024)
Capital markets regulator Sebi on Friday proposed mandatory disclosure of ‘risk-adjusted return’ along with the return of a mutual fund scheme to help investors make informed investment decisions.
Risk-adjusted return (RAR) of a scheme portfolio represents a more holistic measure of the scheme’s performance because it quantifies the amount of return generated by a mutual fund scheme for each unit of risk taken to achieve that return.
The current regulatory framework does not mandate the disclosure of RAR along with the returns of an MF scheme.
Further, there is no uniform practice followed by asset management companies (AMCs) regarding disclosure of RAR of their scheme.
The return on investment is a major factor attracting investors to invest in any MF scheme and is highlighted by the AMCs while marketing respective schemes.
Considering the significance of volatility of performance in determining the suitability of MF schemes, it is desirable that the RAR of the scheme is disclose