Stocks to Watch on Wednesday, October 4, 2023: Bajaj Finserv’s insurance arm, Bajaj Allianz General Insurance has received a show cause notice alleging a tax demand of Rs 1,010.05 crore
Posts in category Business Standard
Gold price falls Rs 660 to Rs 57,380, silver plunges Rs 2,000 to Rs 71,000 (04-10-2023)
The price of 22-carat gold fell Rs 600 to Rs 52,600
Stock Market Live: Sensex drops 550 pts to day’s low, Nifty nears 19,350 (04-10-2023)
Stock Market Live on October 4, 2023: The 4 per cent surge in Nestle was on account of the company’s plan to consider a stock split on October 19
Nifty Financial, Nifty Private Bank: Wait for these breakouts for direction (04-10-2023)
According to Ravi Nathani, initiating trades before the breakout occurs is laden with risk, traders should act once the breakout signals the market’s chosen direction
Nifty struggling to cross 20-DEMA; UCO Bank, Lemon Tree top technical picks (04-10-2023)
As per Vinay Rajani, Nifty’s 20 DEMA is placed at 19,700 odd levels. A sustainable level above this could result in a bullish trend reversal in Nifty
Winro Commercial India sells Sheela Foam’s shares worth Rs 93 crore (03-10-2023)
Winro Commercial India Ltd on Tuesday offloaded shares of Sheela Foam, the maker of popular mattress brand Sleepwell, for Rs 93 crore through an open market transaction.
According to the block deal data available with the National Stock Exchange (NSE), Winro Commercial India sold more than 8.34 lakh shares at an average price of Rs 1,114 apiece.
This took the deal value to Rs 92.97 crore.
These shares were purchased by Blue Diamond Properties Pvt Ltd at the same price.
Shares of Sheela Foam fell 0.49 per cent to close at Rs 1,136 per piece on the NSE.
In July, Sheela Foam Ltd said it will acquire a 94.66 per cent stake in Kurlon Enterprises Ltd (KEL) for Rs 2,150 crore.
Polycab India, Lodha, Shriram Finance, and PFC may migrate to largecaps (03-10-2023)
Further, Mazagon Dock, Suzlon Energy, Lloyds Metals and SJVN could migrate from smallcap universe to midcap universe, as per an analysis done by Nuvama Alternative & Quantitative Research
Polycab India, Lodha, Shriram Finance, and PFC may migrate to largecaps (03-10-2023)
Further, Mazagon Dock, Suzlon Energy, Lloyds Metals and SJVN could migrate from smallcap universe to midcap universe, as per an analysis done by Nuvama Alternative & Quantitative Research
FTX Founder Sam Bankman’s fraud trial gets under way with jury selection (03-10-2023)
US District Judge told group of 50 prospective jurors gathered in courtroom on top floor of a federal courthouse in lower Manhattan that he would ask them questions to try to seat a 12-member panel
Sebi to introduce mechanism for verification in case of demise of investors (03-10-2023)
Capital markets regulator Sebi on Tuesday announced a centralised mechanism for reporting and verification through the KYC Registration Agency in case of the demise of an investor.
Also, the regulator has put in place operational norms, including the obligations of regulated entities and registered intermediaries that have interfaces with investors or account holders who are natural persons.
The new framework will come into effect from January 1, 2024, the Securities and Exchange Board of India (Sebi) said in a circular.
Sebi said that listed companies wishing to provide beneficial access to such a centralized mechanism to their investors holding securities in physical form can establish connectivity with KRA through their RTAs.
After receiving intimation about the demise of an investor, the concerned intermediary will have to obtain the death certificate along with the PAN from the notifier or nominee and verify the death certificate through online or offline mode.
If the concern