Posts in category Business Standard
Zee row: SAT defers hearing on SEBI’s confirmatory order to Sept 13 (08-09-2023)
The Securities Appellate Tribunal (SAT) on Friday postponed to September 13 the final hearing on a plea challenging a SEBI's confirmatory order that barred Zee Entertainment Enterprises' Punit Goenka and Subhash Chandra from holding any key positions in the company and other organisations.
After hearing rejoinders from counsels Abhishek Manu Singhvi and Navroz Seervai, representing Goenka and Chandra, SAT said it will continue the hearing on September 13.
SAT further stated that on September 14, it will hear Goenka and Chandra's rejoinders.
In his rejoinder, Singhvi said that SEBI passed the confirmatory order without concluding the investigation and is based on mere speculation.
The market regulator had no evidence beyond the bank statements to prove the allegations of round-tripping of funds, he added.
SEBI's confirmatory order bars Goenka and Chandra from holding any directorship or other key managerial positions in the company and other organisations.
Singhvi also said the Se
Markets log best weekly gains since June; indices near lifetime highs (08-09-2023)
Banking stocks gain after I-CRR rollback
Mcap of BSE-listed companies hits fresh peak of Rs 320.94 trillion (08-09-2023)
Helped by the encouraging trend in domestic equities, the market capitalisation of BSE-listed companies jumped to a new all-time high of Rs 3,20,94,202.12 crore
TPG-backed RR Kabel sets price band at Rs 983-1,035 per share (08-09-2023)
At the upper end, the issue size works out to Rs 1,964 crore, making it the second-largest IPO of the year after Mankind Pharma
Crypto wrap: Anticipation of G20 Summit outcome keeps bulls, bears fighting (08-09-2023)
The G20 Summit, to be held in New Delhi, is expected to provide some clarity on the global regulations on cryptocurrencies
New demat account additions top three million in August, shows data (08-09-2023)
The new additions in August were up 2.4 per cent month-on-month and were 47 per cent higher than the previous 12-month average of 2 million
Govt rolls out 3rd phase of mandatory gold hallmarking in 55 new districts (08-09-2023)
The government on Friday said the third phase of mandatory hallmarking of gold jewellery and artefacts has come into force in 55 new districts in 16 states and one Union territory.
Gold hallmarking is a purity certification of the precious metal and was voluntary in nature till June 16, 2021, when the government decided to implement mandatory gold hallmarking in a phased manner.
Currently, a total of 343 districts are covered under mandatory hallmarking. In the first phase, launched on June 23, 2021, 256 districts were covered, while the second phase from April 4, 2022, included 32 more districts.
According to the Consumer Affairs Ministry, an order for implementation of the third phase of the mandatory hallmarking of gold jewellery and gold artefacts was notified on September 8.
The third phase of the mandatory hallmarking will cover an additional 55 new districts in 16 states and one Union territory, it said in a statement.
Eight districts, including East Champaran, will be cove
RIL, NVIDIA join hands to build AI Infrastructure in India; stock up 1% (08-09-2023)
At Reliance Industries' 46th Annual General Meeting (AGM), Chairman Mukesh Ambani had promised "AI to everyone, everwhere"
Bank stocks gain as RBI decides to discontinue I-CRR in a ‘phased manner’ (08-09-2023)
As per the schedule, the RBI will release 25 per cent of the amount received under I-CRR on September 9, next 25 per cent on September 23, and the remaining 50 per cent on October 7
Landmark Cars jumps 19%; hits record high on adding M&M to its dealership (08-09-2023)
In an exchange filing, Landmark Cars said the company has signed a Letter of Intent with Mahindra and Mahindra for opening a dealership in Howrah, West Bengal