NSE India VIX jumped 4.25% to 13.55.
Posts in category Business Standard
Sarnimal Investment standalone net profit declines 66.67% in the June 2024 quarter (23-08-2024)
Sales rise 275.00% to Rs 0.15 crore
Tarangini Investments reports standalone net profit of Rs 0.01 crore in the June 2024 quarter (23-08-2024)
Sales reported at Rs 0.04 crore
Kra Leasing standalone net profit declines 58.08% in the June 2024 quarter (23-08-2024)
Sales rise 40.85% to Rs 1.00 crore
Sebi asks CAs to be extra careful while auditing cos listed on SME exchange (23-08-2024)
Sebi’s whole-time member Ashwani Bhatia on Friday asked chartered accountants to be more diligent while auditing companies listed on the SME exchange platforms.
Addressing an industry event of CAs, Bhatia said it is important to look at the listed SMEs (Small and medium-sized enterprises) in a more careful way because the same companies will grow to be a part of the main board in the future.
“We have seen some challenges there (SME platform). We request you to be extra careful as far as SME IPOs and fundraising are concerned because these small companies will become much, much bigger going forward,” the banker-turned-capital markets regulator said.
Bhatia expressed satisfaction with the progress of the SME platform, stating that Rs 14,000 crore has been raised by such entities, with Rs 6,000 crore being raised in FY24 alone.
He compared the CAs to “doctors”, and added that they act as first-level regulators by ensuring orderly conduct of companies.
Bhatia said many Sebi investigat
Japan’s Nikkei ends 0.40% higher (23-08-2024)
Data out early in the day showed Japan’s core inflation accelerated for a third straight month in July due to higher electricity costs.
Chinese shares end modestly higher (23-08-2024)
The dollar extended its recent sharp slide and Treasury yields eased while gold edged up slightly but was poised for a weekly loss.
Quick Wrap: Nifty Realty Index declines 2.43% (23-08-2024)
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Bikaji Foods inks pact to acquire 55% stake in Ariba Foods (23-08-2024)
Bikaji Foods International (BFIL) said it has entered into share subscripton agreement with Ariba Foods to acquire 55% stake for total consideration of Rs 60.49 crore
Nifty above 24,800; VIX spurts 4.25%; auto shares rally (23-08-2024)
The domestic equity benchmarks ended near the flatline with some positive bias on Friday. The Nifty settled above the 24,800 level. Barring the Nifty Auto index, all the other sectoral indices on the NSE ended in red.