Hero MotoCorp achieved its highest-ever retail sales during the recent 32-day festive period, starting from Navratri.
Posts in category Business Standard
Gateway Distriparks launches Double Stack Rail services at ICD Faridabad (04-11-2024)
Gateway Distriparks (GDL) has launched Double Stack Rail services at its Inland Container Depot (ICD) in Faridabad. This milestone marks ICD Faridabad as the first and only location in the region to offer Double Stack services, providing a significant competitive advantage with direct connectivity to major seaports such as Mundra, Pipavav, and Nhava Sheva via the Western Dedicated Freight Corridor (WDFC).
Board of BLS E-Services approves amendments in agreement for acquisition of Aadifidelis Solutions (04-11-2024)
At meeting held on 04 November 2024
SEBI says Mutual Fund schemes can invest in overseas MF/UTs which have exposure to Indian securities (04-11-2024)
Powered by Capital Market – Live News
Sebi allows MFs to invest in foreign funds with Indian securities exposure (04-11-2024)
Markets regulator Sebi on Monday allowed mutual funds (MFs) to invest in overseas mutual funds or unit trusts that invest a specific portion of their assets in Indian securities.
This is subject to the total exposure to Indian securities by such overseas funds not exceeding 25 per cent of their net assets.
The move is aimed at facilitating ease of investment in overseas MF/UTs, bringing transparency in the manner of investment, and enabling MFs to diversify their overseas investments, Sebi said in a circular.
The new framework will come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said.
Also, MF schemes are required to ensure that all investors’ contributions to an overseas MF/UT are combined into a single investment vehicle without any side vehicles.
The corpus of an overseas MF/UT should be a blind pool with no segregated portfolios, ensuring all investors have equal and proportionate rights in the fund.
“All investors in the overseas MF/U
Chemfab Alkalis reports consolidated net loss of Rs 0.53 crore in the September 2024 quarter (04-11-2024)
Sales rise 2.92% to Rs 81.90 crore
Automobile Corporation Of Goa standalone net profit declines 3.17% in the September 2024 quarter (04-11-2024)
Sales rise 5.25% to Rs 128.93 crore
Maral Overseas reports standalone net loss of Rs 6.96 crore in the September 2024 quarter (04-11-2024)
Sales rise 10.63% to Rs 271.04 crore
Indian Toners & Developers standalone net profit rises 9.98% in the September 2024 quarter (04-11-2024)
Sales decline 5.33% to Rs 37.68 crore
Vedika Credit Capital standalone net profit rises 91.94% in the September 2024 quarter (04-11-2024)
Sales rise 16.31% to Rs 61.46 crore