Rise in distribution commissions outpaces MF industry’s asset growth in FY23
Posts in category Business Standard
Sebi orders attachment of bank, demat, MF accounts of Videocon’s Dhoot (18-07-2023)
Markets regulator Sebi has ordered the attachment of bank and demat accounts as well as mutual fund holdings of Videocon Group founder Venugopal Dhoot to recover dues totalling Rs 5.16 lakh.
The latest decision has been taken after Dhoot failed to pay the fine imposed on him in March by Sebi for not making disclosures about his interest in Supreme Energy as well as for not disclosing that Quality Techno Advisors Pvt Ltd (QTAPL) and Credential Finance Ltd (CFL) were related parties with respect to certain transactions.
In an attachment notice on Monday, Sebi said the pending dues of Rs 5.16 lakh include the initial fine of Rs 5 lakh, interest of Rs 15,000 and a recovery cost of Rs 1,000.
To recover the dues, Sebi asked all banks, depositories CDSL and NSDL and mutual funds to not allow any debit from the accounts of Dhoot. However, credits have been permitted.
Further, Sebi has directed banks to attach all accounts, including lockers, held by the defaulter.
Initiating the recover
Sebi to auction properties of 7 cos on Aug 21 to recover investors’ money (18-07-2023)
Sebi on Tuesday said it will auction 15 properties of seven companies, including Sunheaven Agro India and RaviKiran Realty India, along with that of promoters and directors on August 21 to recover money illegally collected from investors.
The other firms whose properties will be auctioned are — Infocare Infra, Bharat Krishi Samridhi Industries Ltd, GSHP Realtech Ltd, Just-Reliable Projects India Ltd, and Newland Agro Industries Ltd.
The properties will be auctioned at a reserve price of Rs 13 crore, according to a public notice issued by the Securities and Exchange Board of India (Sebi).
These assets include land parcels and a residential building located in West Bengal.
Of the 15 properties, four relate to Bharat Krishi Samriddhi Industries, three each of Just-Reliable Projects India and Newland Agro Industries, two related to Sunheaven and one each of RaviKiran Realty India, Infocare Infra and GSHP Realtech.
Inviting bids for the sale of properties in the recovery proceedings .
Sebi to auction properties of 7 cos on Aug 21 to recover investors’ money (18-07-2023)
Sebi on Tuesday said it will auction 15 properties of seven companies, including Sunheaven Agro India and RaviKiran Realty India, along with that of promoters and directors on August 21 to recover money illegally collected from investors.
The other firms whose properties will be auctioned are — Infocare Infra, Bharat Krishi Samridhi Industries Ltd, GSHP Realtech Ltd, Just-Reliable Projects India Ltd, and Newland Agro Industries Ltd.
The properties will be auctioned at a reserve price of Rs 13 crore, according to a public notice issued by the Securities and Exchange Board of India (Sebi).
These assets include land parcels and a residential building located in West Bengal.
Of the 15 properties, four relate to Bharat Krishi Samriddhi Industries, three each of Just-Reliable Projects India and Newland Agro Industries, two related to Sunheaven and one each of RaviKiran Realty India, Infocare Infra and GSHP Realtech.
Inviting bids for the sale of properties in the recovery proceedings .
Infosys surges 4% on signing a 5-year AI deal with $2 billion target spend (18-07-2023)
Infosys was trading at its highest level since March 2023. In the past four trading days, the stock has rallied 11 per cent after sector major TCS and HCL Tech released their Q1FY24 results
Sarda Energy hits new high, gains 4% on fixing record date for stock split (18-07-2023)
Since May 27, the day the Board approved the stock split decision, the stock price of the company has appreciated by 47 per cent
This Vijay Kedia-owned stock has zoomed over 70% in 3 days (18-07-2023)
Panasonic Energy India Company hit a near eight-year high at Rs 427, on rallying 20 per cent amid heavy volumes on the BSE.
Defence order wins, market share gains positive for Ashok Leyland (18-07-2023)
Muted sequential Q1 performance may cap near-term upsides
Amara Raja Batteries tumbles 6% after almost 18% equity change hands (18-07-2023)
According to media reports, Clarios ARBL Holding was to sell its entire 14 per cent stake in the company though bulk-block deal mechanisms on stock exchanges at a floor price of Rs 651 per share.
Sheela Foam surges 15% on acquisition of controlling stake in Kurlon (18-07-2023)
Sheela Foam has acquired a controlling stake of 94.66 per cent in Kurlon Enterprises, maker of Kurl-on mattresses, at an equity valuation of Rs 2,150 crore.