Posts in category Business Standard
Bitcoin extends drop after one of crypto’s worst weeks of 2024: Report (24-06-2024)
A gauge of the largest 100 digital assets fell about 5% in the seven days through Sunday, the steepest such slide since April, data compiled by Bloomberg show
SAT stays Sebi order against former PTC India CMD Rajib Kumar Mishra (24-06-2024)
The Securities Appellate Tribunal (SAT) has stayed a Sebi order that restrained former PTC India chairman and managing director Rajib Kumar Mishra from being a director in a listed entity for six months in a matter pertaining to corporate governance lapses.
Following the order passed by markets regulator Sebi on June 12, Mishra ceased to be the chairman and non-executive director of PTC India Financial Services Ltd (PFS) and CMD of PTC India Ltd.
PFS, promoted by PTC India Ltd, is a non-deposit-taking NBFC classified as an infrastructure finance company.
Giving interim relief to Mishra SAT in its order on Friday, said, "The operation of the impugned order shall remain till the next date of hearing subject to deposit of 50 per cent of the penalty amount by the appellant with the Sebi within two weeks.
The markets regulator, through its order, prohibited Mishra from "holding any position of director or key managerial personnel in any listed company or any intermediary registered with
Investors subscribe Stanley Lifestyles IPO 5.22 times offer size on day 2 (24-06-2024)
The initial public offer of luxury furniture brand Stanley Lifestyles received 5.22 times subscription on the second day of bidding on Monday.
The Rs 537 crore initial share sale got bids for 5,34,55,000 shares against 1,02,41,507 shares on offer, as per NSE data.
The portion for non-institutional investors fetched 8.85 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 6.10 times. The category for Qualified Institutional Buyers (QIBs) received 74 per cent subscription.
The Initial Public Offer (IPO) has a fresh issue of up to Rs 200 crore and an offer for sale of up to 91,33,454 equity shares.
The initial share sale will conclude on Tuesday and has a price range of Rs 351-369 per share.
The IPO of Stanley Lifestyles got subscribed 1.43 times on the first day of subscription on Friday.
Stanley Lifestyles on Thursday said it has raised a little over Rs 161 crore from anchor investors.
The net proceeds from the fresh issue to the tune of Rs 90
Explainer: What is front-running, how does it impact MF or its investors (24-06-2024)
Sebi uses various algorithms, data analytics, and supervision technology to track instances of front-running and insider trading
Board of Swan Energy approves acquisition of balance stake in Triumph Offshore (24-06-2024)
At meeting held on 24 June 2024
Amara Raja Advanced Cell Technologies signs technical licensing agreement with GIB EnergyX Slovakia (24-06-2024)
Amara Raja Advanced Cell Technologies (ARACT), a wholly owned subsidiary of Amara Raja Energy & Mobility (ARE&M), has signed a technical licensing agreement with GIB EnergyX Slovakia s.r.o., a subsidiary of Gotion High-Tech Co.
Sun Pharma completes acquisition of Taro (24-06-2024)
Powered by Capital Market - Live News
Adani Ports features in honour list of Institutional Investor Asia Pacific (ex-Japan) Executive Survey (24-06-2024)
Adani Ports and Special Economic Zone has demonstrated its leadership on investors engagement by making it to the honour list of the Institutional Investor Asia Pacific (ex-Japan) Executive Team Survey. In the transportation sector, APSEZ is the only Indian company to feature on the list, coming in at 2nd rank.