Posts in category Business Standard
BSE at odds with NSE over ‘high’ clearing and settlement charges (15-02-2024)
The former says high payout to NSE weighing down its profitability
BSE cautions stock market investors against fake social media accounts (15-02-2024)
Leading stock exchange BSE on Thursday cautioned investors against falling prey to misleading social media handles claiming association with the bourse.
This came after the exchange noted that some unauthorized and fake social media handles on platforms such as LinkedIn, Twitter, YouTube, Facebook, and Instagram, are misleading the investors by impersonating BSE's official identity and falsely claiming association with the exchange.
Such unscrupulous persons or entities masquerading as BSE are indulging into misusing the name and reputation of the exchange for their personal gains, the bourse said.
In a statement, BSE cautioned "investors and the public at large against falling prey to such misleading social media handles/ entities and advises the investors/ public to verify the authenticity of social media handles claiming to be associated / to represent BSE."
Also, it asked investors to only engage with BSE's officially verified social media handles.
Around 2.1 million PACL investors get their money back, says Sebi (15-02-2024)
Nearly 21 lakh investors in PACL's illegal investment schemes, with claims of up to Rs 19,000, have received Rs 1,022 crore in refunds, markets regulator Sebi said on Thursday.
The regulator had found that PACL Ltd, which had raised money from the public in the name of agriculture and real estate businesses, collected more than Rs 60,000 crore through illegal collective investment schemes.
A panel headed by retired Justice RM Lodha had initiated the process of refunds in phases for investors, who had invested in PACL.
"As on date, the committee has successfully effected refunds in respect of a total number of 20,84,635 eligible applications with outstanding (principal) amount up to Rs 19,000 aggregating to Rs 1,021.84 crore," the statement noted.
In December 2015, the Securities and Exchange Board Board of India (Sebi) had ordered the attachment of all assets of PACL and its nine promoters and directors for their failure to refund the money that was due to investors.
Sebi had aske
Canara Robeco Mutual Fund launches fund on manufacturing theme (15-02-2024)
The tailwinds are emerging from several fronts - policy reforms like Production-Linked Incentive (PLI) and Make in India, global supply chain diversification, investments and capacity utilisation
TVS Motor Company subscribes to 28.57% stake in Indian Foundation for Quality Management (15-02-2024)
IFQM has been incorporated as a section 8 company with an aim to empower and encourage the Indian organizations in diverse sectors to embrace and integrate quality values, principles, and practices in all
aspects of management.
Pharmaids Pharmaceuticals acquires 50.60% stake in Anugraha Chemicals (15-02-2024)
Anugraha Chemicals is engaged in contract manufacturing and manufacturing of APIs, Intermediates and Fine Chemicals.
B.L.Kashyap & Sons wins order of Rs 208 cr (15-02-2024)
With this, the order book of the company stands at Rs 3165 crore.
Dilip Buildcon JV bags irrigation project of Rs 412 cr (15-02-2024)
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Indices climbs amid volatility, Nifty settles above 21,900; M&M surge 7% (15-02-2024)
Domestic equity indices closed with slight gains on Thursday, marking the third consecutive trading day of positive performance. Global markets stabilised, contributing to an improved risk appetite among investors, particularly after assimilating a hotter-than-expected US inflation print. The Nifty50 successfully settled above the 21,900 level. Trading exhibited volatility, primarily attributable to the expiry of weekly index options on the NSE. There was increased demand for shares in PSU banks, oil & gas, and the auto sector, while FMCG, healthcare, and media shares experienced downward pressure.
CHD Chemicals reports standalone net profit of Rs 0.04 crore in the December 2023 quarter (15-02-2024)
Sales decline 39.91% to Rs 3.84 crore