Leading stock exchange BSE announced that it resolved 253 complaints against 168 companies in April.
It settled 247 complaints against active companies and six against suspended firms, the exchange said in a statement.
These resolved complaints include complaints brought forward from the previous periods.
During the month, BSE received 401 complaints against 184 companies. Of the total complaints received, 396 were against active companies and five were against suspended firms, as per the exchange.
The grievances received by the exchange from the investors pertained to non-receipt of money, non-receipt of equity shares, non-receipt of debt securities and non-receipt of corporate benefits and entitlements, among others.
Companies with the highest number of pending investors complaints include, D S Kulkarni Developers Ltd, J K Pharmachem Ltd, Gujarat Narmada Flyash Co. Ltd, Gujarat Perstorp Electronics Ltd, Teem Laboratories Ltd, Blazon Marbles Ltd, Global Securities Ltd, Willard I
Posts in category Business Standard
BSE resolves 253 investors complaints against listed cos in April (04-05-2023)
Gold rallies Rs 940 to record high of Rs 62,020; silver zooms Rs 660 (04-05-2023)
Gold prices rallied Rs 940 to a lifetime high of Rs 62,020 per 10 grams in the national capital on Thursday amid strong global trends, according to HDFC Securities.
The precious metal had settled at Rs 61,080 per 10 grams in the previous trade.
Silver also zoomed Rs 660 to Rs 76,700 per kg.
Gold prices in the domestic market climbed to record high following overnight gains in the international market, Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.
In the overseas market, both gold and silver were trading higher at USD 2,039.50 per ounce and USD 25.50 per ounce, respectively.
Gold prices traded up in Asian trading hours on Thursday as dollar and bond yields dropped after the US Fed signalled a pause in policy tightening from the next meeting after hiking the benchmark interest rate by 25 basis points, Gandhi said.
MFs see 8.5 mn new millennial investors in FY19-FY23 on awareness campaign (04-05-2023)
Mutual fund industry witnessed an influx of 84.8 lakh new millennial investors in the last five financial years (FY19- FY23), cornering 54 per cent share of the new investor base, on the back of massive awareness campaigns, conducive market conditions and digital access, according to a report by CAMS.
Apart from these factors, simplified KYC and concerted intermediation and advisory too encouraged new millennials to invest in mutual funds.
Overall, 1.57 crore new investors joined the industry between 2018-19 and 2022-23, as per the report released by mutual fund transfer agency Computer Age Management Services (CAMS) on Thursday pointed out.
According to the report, millennials have been the dominant segment among the new investors who entered mutual funds in the last five years with their share percentage peaking to 57 per cent in FY20.
“Despite the market volatility and uncertainty through FY23, investors’ confidence to enter mutual funds remained sound and millennials continued
Advisors, distributors bring 95% of new millennial investors to MFs (04-05-2023)
Overall, investors from B-30 areas account for 26 per cent of the total individual assets under management with MFs, shows data
Markets defy US Federal Reserve rate hike: Touch five-month high (04-05-2023)
Benchmark indices now just 3% shy of lifetime peaks
Zomato rises 4%, hits 5-month high; stock surges 28% in one month (04-05-2023)
Motilal Oswal Financial Services last month initiated coverage on Zomato with a BUY rating
Britannia’s Q4 revenues may rise up to 14% YoY led by volumes, say analysts (04-05-2023)
Britannia Industries Q4 preview: Though higher advertising spends may have some impact on EBITDA margins sequentially, price hikes would help expand margins up to 231 basis points (bps), said analysts
Rane Engine Valve freezes in 20% upper circuit on strong Q4 performance (04-05-2023)
REVL said sales to India OE customers grew by 28 per cent supported by strong off-take from passenger vehicle and commercial vehicle customers
Cyber alert against Royal ransomware that attacks health, education sectors (04-05-2023)
The Indian cyber security agency has issued a warning against “Royal ransomware” virus that attacks critical sectors like communications, healthcare, education and even individuals and seeks pay-off in Bitcoins for not leaking personal data in the public domain.
The Indian Computer Emergency Response Team or CERT-In has stated in a latest advisory that this Internet spread ransomware sneaks in through phishing emails, malicious downloads, abusing RDP (remote desktop protocol) and other forms of social engineering.
This ransomware, cyber experts told PTI, was first detected in January 2022 and it got active sometime around September last year even as the US authorities issued advisories against its spread.
Royal ransomware is targeting multiple crucial infrastructure sectors, including manufacturing, communications, healthcare, education, etc. or individuals. The ransomware encrypts the files on a victim’s system and attackers ask for ransom payment in bitcoin,” the advisory …
MRF nears 52-week high on healthy Q4 results; stock rallies 8% in 2 days (04-05-2023)
Analysts at Motilal Oswal Financial Services (MOFSL) said that MRF’s Q4FY23 performance surprised positively as lower raw material costs boosted Ebitda margin to 14.7 per cent