Posts in category Business Standard
ABB India standalone net profit rises 10.92% in the December 2023 quarter (21-02-2024)
Sales rise 13.30% to Rs 2728.20 crore
Associated Finman reports standalone net loss of Rs 0.01 crore in the December 2023 quarter (21-02-2024)
Reported sales nil
Gammon India reports consolidated net loss of Rs 169.61 crore in the December 2023 quarter (21-02-2024)
Sales rise 104.13% to Rs 15.33 crore
Jhajjar Power reports standalone net profit of Rs 34.12 crore in the December 2023 quarter (21-02-2024)
Sales rise 10.10% to Rs 1096.23 crore
IM+ Capitals consolidated net profit rises 2225.56% in the December 2023 quarter (21-02-2024)
Sales rise 653.59% to Rs 187.72 crore
Tech picks: JK Lakshmi, Castrol can rally up to 20%, says HDFC Securities (21-02-2024)
On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty has broken out from a consolidation phase and can rally towards 22,600-22,700.
Nifty IT: 37,780 is the make or break level; Bias for Auto turns negative (21-02-2024)
According to Ravi Nathani, an independent technical analyst, breach of 37,780 on the Nifty IT could trigger a fall to 37,400 and 37,125.
Another blow to Zee Entertainment: Sebi uncovers $241 mn accounting issue (21-02-2024)
As part of its investigation into the Zee founders, the Securities and Exchange Board of India, or Sebi, found that about Rs 2,000 crore ($241 million) may have been diverted from the company
SBI Mutual Fund among buyers of Whirlpool of India’s nearly 24% stake (20-02-2024)
Shares of Whirlpool India fell 3.2 per cent to close at Rs 1,288. Following the share sale, the promoter shareholding in the company will drop to about 51 per cent
Sebi takes steps to boost ease of doing biz, compliance reporting (20-02-2024)
With an aim to promote ease of doing business and compliance reporting, Sebi on Tuesday came out with measures for centralization of certifications under the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) at KYC Registration Agencies.
Under this, the regulator has directed intermediaries, who are reporting to financial institutions (RFI), to upload the certifications under FATCA and CRS obtained from the clients in the system of KYC Registration Agencies (KRAs) from July 1.
The existing certifications obtained from clients prior to July 1, 2024 will be uploaded by the intermediaries onto the systems of KRAs within a period of 90 days of implementation of the new rule, Sebi said in its circular.
The onus of obtaining and reporting the FATCA and CRS certification and related compliances will lie with the respective intermediaries.
Going by Sebi's circulars issued in 2015, and guidance note on FATCA and CRS norms laid down by the Ministry of Finance, RF