Stocks to Watch: Index heavyweights Reliance and Bharti Airtel will see some action as the former wages a price war in the broadband connection.
Posts in category Business Standard
Sebi slaps penalties totalling Rs 36 cr on PNB Finance, CCCL, others (29-03-2023)
Sebi on Tuesday imposed penalties totalling Rs 35.67 crore on PNB Finance and Industries Ltd, Camac Commercial Company Ltd and various other entities, including promoters Samir Jain and Meera Jain who have also been barred from the securities market.
Apart from the market ban, Samir Jain and Meera Jain have been restrained from holding any key managerial position or associating with any listed public company. These restrictions will be in place till the two companies comply with the minimum public shareholding requirement under Sebi norms, according to two separate orders.
Listed companies are required to have at least 25 per cent public shareholding.
As per Sebi, the two companies did not make adequate disclosures about their promoter entities. The companies, listed on Calcutta Stock Exchange, have also been directed to disclose details about their promoters.
Samir Jain was the Vice Chairman and Managing Director of Bennett Coleman and Co. Limited (BCCL) at the relevant point of t
S&P 500 edges down while bond yields rise with gold for a 2nd day (28-03-2023)
NEW YORK/LONDON (Reuters) – The S&P 500 inched lower on Tuesday after the previous session’s gains while Treasury yields rose with gold for a second consecutive day with investors still wary of banks and the economy in the absence of strong positive catalysts.
Wait for stock exchanges to update data at quarter-end: Adani CFO (28-03-2023)
The 10 listed Adani Group companies, which together had lost about USD 135 billion in market value following the report, saw stocks recover some of the lost ground after that
Special Situations Fund: Kotak Mahindra Bank arm raises $1.25 billion (28-03-2023)
The overall targeted amount for the second fund, which will be domiciled in the GIFT City, is $1.6 billion
FTX founder Bankman-Fried charged with paying $40 million bribe to China (28-03-2023)
FTX founder Sam Bankman-Fried was charged with directing USD 40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten indictment unsealed on Tuesday.
The charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act raises to 13 the number of charges Bankman-Fried faces after he was arrested in the Bahamas in December and brought to the United States soon afterward.
FTX filed for bankruptcy on November 11, when it ran out of money after the cryptocurrency equivalent of a bank run. He has remained free on a USD 250 million personal recognisance bond that lets him stay with his parents in Palo Alto, California.
He has pleaded not guilty to charges that he cheated investors out of billions of dollars before his business collapsed.
The alleged bribes stemmed from the operation of Alameda Research, which is affiliated with FTX, Bankman-Fried’s global cryptocurrency exchange.
Deadline for nomination for MF, demat accounts extended till Sept 30 (28-03-2023)
Stock brokers, AMCs directed to send regular communications to investors yet to comply
At Rs 20.5 per equity share, Vedanta announces fifth interim dividend (28-03-2023)
Dividend pay-out for the year at Rs 37,730 cr, the highest ever by the company
At Rs 20.5 per equity share, Vedanta announces fifth interim dividend (28-03-2023)
Dividend pay-out for the year at Rs 37,730 cr, the highest ever by the company
Sebi relaxes FPI onboarding norms but gaps remain in framework, say experts (28-03-2023)
Anomalies seen in time period for reporting material changes