On 26 February 2024
Posts in category Business Standard
Supreme Court issues notice in Chitra Ramkrishna’s dark fibre case (26-02-2024)
The court has directed Ramkrishna to deposit half of the Rs 25 lakh penalty to stay the operation of the SAT order. The case will likely be heard again in March
MCX signs MoU with Jakarta Futures Exchange (26-02-2024)
For knowledge sharing and research
TVS Motor launches TVS HLX 150F with ecothrust engine (26-02-2024)
To mark milestone of 3.5 million customers in international markets
Market regulator Sebi warns investors of fraudsters claiming to be FPIs (26-02-2024)
This is the second caution against fraudsters in this month. This follows several complaints regarding such activities and entities
Board of Tourism Finance approves raising up to Rs 200 cr via equity issuance (26-02-2024)
At meeting held on 26 February 2024
Vinati Organics allots 8.83 lakh equity shares (26-02-2024)
Pursuant to scheme of amalgamation
GPT Healthcare IPO subscribed 8.52 times (26-02-2024)
The offer received bids for 16.84 crore shares as against 1.97 crore shares on offer.
Sebi cautions against fraudulent trading platforms offering FPI route (26-02-2024)
Capital markets regulator Sebi on Monday cautioned investors against fraudulent trading platforms, claiming to facilitate stock market access to Indians through Foreign Portfolio Investors (FPIs) route.
Sebi noted that fraudsters are enticing victims through online trading courses, seminars, and mentorship programs in the stock market, leveraging social media platforms such as WhatsApp or Telegram, as well as live broadcasts.
Posing as employees or affiliates of Sebi-registered FPIs, they coax individuals into downloading applications that purportedly allow them to purchase shares, subscribe to IPOs, and enjoy “institutional account benefits”– all without the need for an official trading or demat account, Sebi said adding that these operations often use mobile numbers registered under false names to orchestrate their schemes.
The cautionary statement came after Sebi received a number of complaints regarding fraudulent trading platforms, which falsely claimed affiliation with FPIs a
INR Stays Range Bound As Equities Loiter In Red (26-02-2024)
The Indian rupee gained 2 paise to settle at 82.89 (provisional) against the US dollar in a range-bound trade on Monday, tracking volatility in the equity market. Local equities ended lower amid mixed global cues. Meanwhile, crucial inflation data from major economies this week are awaited for guidance on the outlook for global interest rate moves. The benchmark S&P/BSE Sensex ended the session down 352.67 points, or 0.48 percent, at 72,790.13 after a choppy session. The broader NSE Nifty index settled 90.65 points, or 0.41 percent, lower at 22,122.05. However, inflow of foreign funds and softer crude oil prices provided support to the Indian currency. Dollar index staying below 104 mark is also seen supportive for the local unit.