Posts in category Business Standard
Fined Rs 17 crore by Sebi: All you need to know about ‘Baap of Chart’ (26-10-2023)
Sebi has alleged that Md Nasir has been providing trading recommendations under the 'garb of educational courses', which were charged for
Sonata Software surges 6% in weak market on healthy Q2, 1:1 bonus issue (26-10-2023)
The board also declared an interim dividend of Rs 7 per share (700 per cent on par value of Rs 1) for the financial year 2023-24
IRM Energy makes weak debut, lists at 5% discount against issue price (26-10-2023)
Shares of IRM Energy listed at Rs 477, a 5 per cent discount against its issue price of Rs 505 per share on the National Stock Exchange
Stocks to Watch today: Tech M, IRM Energy, RIL, Sonata Software, ACC, PNB (26-10-2023)
Stocks to watch on Thursday, October 26: The consolidated net profit of Tech Mahindra for Q2FY24 fell 61.10 per cent YoY to Rs 505.30 crore -- the biggest drop in 16 years
Buy Nifty PSU Bank at this support; Nifty FMCG strategy eyed in this range (26-10-2023)
As per Ravi Nathani, adopting a buy-low, sell-high strategy for Nifty FMCG within the established range is the most prudent course of action
Stock Market Live: Sensex slumps 800 pts, Nifty below 19,000 after 4 months (26-10-2023)
Stock market live updates on October 26, 2023: The broader markets opened with sharp losses too. The BSE MidCap and SmallCap indices fell 1 per cent each
Kotak Mahindra Mutual Fund launches Consumption Fund for investors (25-10-2023)
An open-ended scheme that will invest in equity, equity related securities of firm s engaged in consumption and consumption related activities
Swiss-Asia Holding exits ABFRL, sells entire 1.03% stake for Rs 207 crore (25-10-2023)
Financial services company Swiss-Asia Holding Pte on Wednesday offloaded its entire 1.03 per cent stake in Aditya Birla Fashion and Retail Ltd (ABFRL) for Rs 207 crore through an open market transaction.
Swiss-Asia Pte through its affiliate Griffin Growth Fund VCC sold the shares of ABFRL on the NSE.
According to the block deal data available with the National Stock Exchange (NSE), Griffin Growth Fund VCC disposed of 97,33,098 shares, amounting to a 1.03 per cent stake, in ABFRL.
The shares were sold at an average price of Rs 212.50 apiece, taking the deal size to Rs 206.82 crore.
At the end of the September quarter, Swiss-Asia Holding Pte through its affiliate Griffin Growth Fund VCC owned 1.03 per cent stake in ABFRL, shareholding data pattern showed with the BSE.
Meanwhile, these shares were acquired by US-based Cresta Fund Ltd at the same price.
Following the stake sale, shares of Aditya Birla Fashion and Retail Ltd fell 1.21 per cent to close at Rs 211.60 per scrip on the NS
Sebi issues Rs 1.8 crore demand notices to former officials of Karvy Group (25-10-2023)
Capital markets regulator Sebi on Wednesday sent demand notices to three former officials of Karvy Group, asking them to pay about Rs 1.8 crore in the case of the misappropriation of client's funds by Karvy Stock Broking Ltd (KSBL).
The regulator has warned them of arrest and attachment of assets as well as bank accounts if they fail to make the payment within 15 days.
Those who have been sent notices are Krishna Hari G, who was VP (F&A) of KSBL; Srikrishna Gurazada, former compliance officer of KSBL and Srinivasa Raju, who was the General Manager of back office operation.
The demand notices came after the officials failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi) in May.
In three separate notices, Sebi directed Krishna Hari G to pay Rs 1.06 crore and asked Raju and Gurazada to remit Rs 42.41 lakh and Rs 31.81 lakh, respectively.
This includes interest and recovery costs, within 15 days.
In the event of non-payment of dues, the market ..
Safe-haven gold gains buoyed by Middle East conflict; US data in focus (25-10-2023)
US business activity ticked higher in October while output in the euro zone took a surprise turn for the worse, surveys showed on Tuesday