India’s market regulator, Sebi, is pursuing Rs 130 crore from five entities, including Netizen Engineering and Citi Securities, for their alleged role in diverting funds from Reliance Home Finance. Sebi previously imposed a Rs 25 crore penalty on Anil Ambani and barred him and 24 others from the securities market for their involvement in the scheme.
Posts in category Economic Times
Breakout Stocks: Sensex snaps 900 points! Gillette India, Rainbow Children hit fresh record highs; time to buy? (04-11-2024)
Indian market hit a 2-month low on Monday. Selling was seen in power, telecom, utilities, energy, oil & gas, and realty sectors. Gillette India, which hit a new high, has a bullish technical outlook with potential targets of 12,500.
Ahead of Market: 10 things that will decide stock action on Tuesday (04-11-2024)
Indian benchmark indices recorded their worst session in over a month, pressured by uncertainty surrounding the US presidential election. The Nifty declined 1.27% to 23,995, and the Sensex dropped 1.18% to 78,782. Analysts suggest that the Nifty might extend its correction towards 23,650, while a decisive move above 24,100 could trigger a rally.
Raymond Q2 Results: Profit slumps 63% to Rs 59 crore (04-11-2024)
Total income rose to Rs 1,100.70 crore during July-September period of this fiscal from Rs 512.35 crore in the corresponding period of the previous year, according to a regulatory filing.
Bata India Q2 Results: Profit shoots up 53% to Rs 52 crore (04-11-2024)
“The results for the quarter reflect continued momentum in the transformation journey, driven by strategic investments in product innovation, elevated customer experience, technology integration and brand premiumisation, positioning Bata strongly for future growth,” it said.
Sebi orders Embassy Office Parks to suspend CEO for violating compliance norms (04-11-2024)
Sebi directed Embassy Office Parks to suspend CEO Aravind Maiya following an NFRA order that debarred him for ten years over alleged professional misconduct linked to his role as an auditor for Coffee Day Enterprises. NFRA’s findings highlight serious lapses in audit standards and due diligence under Maiya’s watch.
US stocks open flat as US polls, Fed decision loom large (04-11-2024)
U.S. stocks opened flat on Monday, as traders stayed away from large bets in an action-packed week in which Americans will elect a new president and the Federal Reserve is likely to cut its benchmark policy rate.
Indian Rupee closes at record low of 84.11 vs US dollar on foreign selloff (04-11-2024)
The rupee depreciated 4 paisa, to close at 84.11/$1, versus its previous close of 84.07 per dollar, LSEG data showed. Likely interventions by the Reserve Bank of India (RBI) helped prevent a sharper decline. However, the RBI was not very aggressive in its dollar sales on Monday, traders said.
Sagility India offers exposure to US healthcare sector (04-11-2024)
Sagility India, a business process management services provider to the healthcare sector, plans to raise Rs 2,106 crore through an offer for sale. The company offers services to US-based health insurers and hospitals. While it operates at a higher margin, it faces risks from single-sector and single-market exposure.
Market trading guide: BEL, Kansai Nerolac among 4 stock recommendations for Tuesday (04-11-2024)
Domestic equities saw a turbulent start to Samvat 2081, with the Nifty tumbling 500 points. The index showed signs of a consolidation breakdown, and a further decline could be devastating. However, oversold conditions and a potential respite from the sell-off could uplift sentiment.