Sebi has barred 8 entities from the securities markets for up to seven years and imposed penalties totalling Rs 11.5 crore on them in a case related to misuse and diversion of clients’ funds

In a significant concern for many in the cryptocurrency community amid the deepening crypto winter, the total amount of inactive Bitcoin (BTC) for at least six months has grown to over 15 million

The government will this month invite Expression of Interest or preliminary bids for privatising Container Corporation of India (Concor), an official said on Wednesday.
The official said the bid document for Concor is almost ready and has to get approval from ‘Alternative Mechanism’ which is essentially a group of key Cabinet ministers.
“We are trying hard to issue the Preliminary Information Memorandum inviting Expression of Interest (EoI) for Concor as quickly as possible. It should be issued this month, subject to approval,” the official told PTI.
The Cabinet, in November 2019, had approved strategic sale of a 30.8 per cent stake, along with management control, in Concor out of the government equity of 54.80 per cent. The government will retain 24 per cent stake post sell-off but without any veto powers.
However, the stake sale was hanging fire as investors awaited clarity on the rail land lease policy and licensing fees. The Union Cabinet in September approved a revised policy

Oil trader Trafigura has agreed to sell its 24.5 per cent indirect stake in Nayara Energy to Italy’s Genera Group, the company said Wednesday.
The company, however, did not disclose the financial details of the transaction.
The Italian group will acquire the stake via a special purpose vehicle, Hara Capital Sarl, incorporated in Luxembourg.
Nayara Energy owns India’s third largest refinery, a port, and a network of more than 6,500 petrol pumps across the country.
The firm is majority owned by Russia’s Rosneft.

The company said Jain’s appointment as MD and CEO will re-orient the brand’s customer strategy and enhance operational efficiency