Posts in category Business Standard
As SEC-Coinbase fight begins, it’ll be Grewal vs Grewal in the courthouse (11-06-2023)
Indian-origin Paul Singh Grewal, an attorney working as chief legal officer at crypto exchange Coinbase which is in the thick of controversy
Mcap of 6 most-valued firms fall by Rs 83,637.96 cr; TCS biggest laggard (11-06-2023)
Six of the top 10 most-valued firms suffered a combined erosion of Rs 83,637.96 crore in market valuation last week, with Tata Consultancy Services (TCS), Hindustan Unilever and Infosys taking the biggest hit, amid an overall tepid trend in equities.
Last week, the BSE benchmark climbed 78.52 points or 0.12 per cent, while the Nifty gained 29.3 points or 0.15 per cent.
The market valuation of TCS tumbled Rs 35,694.04 crore to Rs 11,74,720.15 crore, the most among the top 10 firms.
Hindustan Unilever's valuation eroded by Rs 18,949.45 crore to Rs 6,19,281.77 crore and that of Infosys fell by Rs 13,549.34 crore to Rs 5,25,374.14 crore.
The market capitalisation (mcap) of State Bank of India went lower by Rs 7,675.16 crore to Rs 5,16,378.05 crore and that of ITC tanked Rs 5,903.31 crore to Rs 5,44,906.44 crore.
Bharti Airtel's mcap declined by Rs 1,866.66 crore to Rs 4,64,396.71 crore.
However, Reliance Industries added Rs 18,233.31 crore taking its market valuation to Rs 16,79,156.
US charges two Russian men over 2014 Mt Gox Bitcoin hack of $400 mn (10-06-2023)
Starting in 2011, Bilyuchenko and Verner stole a massive amount of cryptocurrency from Mt. Gox, contributing to the exchange's ultimate insolvency
Gold price rises Rs 430 to Rs 60,650, silver jumps Rs 1100 to Rs 74,500 (10-06-2023)
The price of ten grams of 22-carat gold rose Rs 400 to Rs 55,600
CPPIB sells 1.77% stake in Kotak Mahindra Bank; IEX shares slump 10% (09-06-2023)
Shares of Indian Energy Exchange (IEX) plunged more than 10% on Friday on fears that the implementation of 'market coupling' norms will make a dent into revenues
Equity mutual fund outflows hit 20-month high amid profit booking (09-06-2023)
Investments through SIPs rise to record high in May
Equity mutual fund outflows hit 20-month high amid profit booking (09-06-2023)
Investments through SIPs rise to record high in May
Sebi cancels Emkay Commotrade license for trading illegal paired contracts (09-06-2023)
Capital markets regulator Sebi on Friday cancelled the registration of Emkay Commotrade for facilitating its clients to trade in illegal 'paired contracts' on the National Spot Exchange Ltd (now defunct).
"The noticee (Emkay Commotrade) by providing access for taking exposure to 'paired contracts' and did not have regulatory approval, thereby raises doubts on the competence of the noticee to act as a registered securities market intermediary.
"The actions of the noticee have been and could be detrimental to the interest of the securities market and accordingly the noticee can no longer be called a 'fit and proper person' for holding the certificate of registration as a broker in the securities market," Sebi's Executive Director VS Sundaresan said in the order.
The regulator has asked the broker to allow its existing clients or transfer their securities or funds held in its custody within 15 days.
In case of failure of any clients to withdraw or transfer their securities or funds ..
Sebi cancels Emkay Commotrade license for trading illegal paired contracts (09-06-2023)
Capital markets regulator Sebi on Friday cancelled the registration of Emkay Commotrade for facilitating its clients to trade in illegal 'paired contracts' on the National Spot Exchange Ltd (now defunct).
"The noticee (Emkay Commotrade) by providing access for taking exposure to 'paired contracts' and did not have regulatory approval, thereby raises doubts on the competence of the noticee to act as a registered securities market intermediary.
"The actions of the noticee have been and could be detrimental to the interest of the securities market and accordingly the noticee can no longer be called a 'fit and proper person' for holding the certificate of registration as a broker in the securities market," Sebi's Executive Director VS Sundaresan said in the order.
The regulator has asked the broker to allow its existing clients or transfer their securities or funds held in its custody within 15 days.
In case of failure of any clients to withdraw or transfer their securities or funds ..
Macquarie downgrades three leading private insurers on growth concerns (09-06-2023)
At present, HDFC Life trades at 15.3x its projected VNB for FY25, while ICICI Pru and SBI Life trade at 8.1 times and 9.5 times, respectively