The price of 22-carat gold also rose by Rs 100, with ten grams of the yellow metal selling at Rs 71,210
Posts in category Business Standard
Parl panel calls Sebi chief Buch on Oct 24 amid Adani-Hindenburg row (05-10-2024)
The Public Accounts Committee (PAC) of Parliament has decided to review the functioning of top regulatory authorities in the country and has called heads of SEBI and TRAI for deposition on October 24.
Top officials of the Ministry of Finance, (Department of Economic Affairs) and Ministry of Communications have also been asked to appear before the key parliamentary panel, with sources saying representatives of the Securities and Exchange Board of India (SEBI) chairperson Badhabi Puri Buch and Telecom Regulatory Authority of India (TRAI) chairperson Anil Kumar Lahoti are likely to appear before the panel.
Sources said the unstated convention in parliamentary practice is that chiefs of institutions have to attend parliamentary panel briefings whenever summoned.
The meeting of the key parliamentary panel comes amid a major row over allegations made by US research body Hindenburg against SEBI chairperson Madhabi Puri Much and her husband Dhaval Buch over her alleged links with the Adani
Mkts suffer worst week in over 2 yrs; West Asia crisis weighs on sentiment (04-10-2024)
FPIs net sell Rs 37,088 cr shares this week amid major shift to China
Hong Kong surpasses India in market cap as Chinese equities rebound (04-10-2024)
Hong Kong’s market, heavily influenced by listed Chinese stocks, has gained significantly since China’s central government increased economic support
Swiggy launches 10-minute food delivery service Bolt in six key cities (04-10-2024)
Bolt offers popular dishes like burgers, hot beverages, cold beverages, breakfast items, and biryani that require minimum preparation time
Sebi grants approval to Jio Financial, BlackRock for setting up MF business (04-10-2024)
The companies signed a second joint venture in April to set up a wealth management and broking business in the country
Investor sells 8.45% of R Systems for Rs 465 cr, Goldman picks up stake (04-10-2024)
Investor Bhavook Tripathi on Friday trimmed its stake in R Systems International by divesting an 8.45 per cent stake to investors like Goldman Sachs, DSP Mutual Fund (MF), and Sundaram MF for Rs 465 crore through open market transactions.
After the stake sale, Tripathi’s holding has come down to 20.58 per cent from 29.03 per cent. However, he will remain the largest non-promoter shareholder/public shareholder of Noida-based R Systems.
According to the block deal data available on the BSE, Tripathi offloaded 99,99,995 shares in eight transactions, amounting to an 8.45 per cent stake in the IT firm.
The shares were sold at an average price of Rs 465.15 apiece, taking the transaction value to Rs 465.15 crore.
Sundaram Mutual Fund, DSP Mutual Fund, Emerging Business Fund, Siddharth Iyer, Jagdish Naresh Master, Goldman Sachs, Dublin-based investment management firm Mediolanum International Funds and Carnelian Asset Management & Advisors were among the buyers of R Systems’ shares on the
Sebi gives in-principle nod to Jio Fin-BlackRock for mutual fund entry (04-10-2024)
Jio’s entry in the MF space is expected to spruce up the competition in the industry which currently has over Rs 66 trillion in assets under management
Sebi considering steps to increase retail participation in G-Secs (04-10-2024)
Stock brokers may be allowed in the RBI-operated NDS-OM system for government securities
NSE pays $76.5 million to settle algorithmic trading software case (04-10-2024)
The settlement clears a hurdle in the initial public listing of the country’s largest stock exchange, for which it had first applied in 2016