Hariom Pipes Ltd: A Capex Play! (27-09-2024)
I noticed one thing from the video. The CFO in spite of not answering the reason for fund raising directly, he kept implying that the present and future CAPEX to come can be easily managed with present funds and accruals. I feel this fund raising could be for a new big project rather than addl fund requirements or wc
Angel One settles front-running case with SEBI (27-09-2024)
Angel One settles front-running allegations by paying ₹21,64,500, taking corrective measures to prevent future violations
Angel One pays Rs 22 lakh to settle front running trade case with Sebi (27-09-2024)
Angel One on Friday settled an alleged front-running case with capital markets regulator Sebi by paying Rs 21.64 lakh towards settlement charges.
The settlement order came after Angel One had filed a settlement application on May 15, 2024, proposing to settle the instant proceeding “without admitting or denying the findings of fact and conclusions of law”.
“It is hereby ordered that the instant proceeding initiated against the Applicant, vide Show Cause Notice dated April 24, 2024, is disposed of,” Sebi said.
Sebi had undertaken an investigation to ascertain whether there was any violation of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) rules by certain entities during the period from January 2021 to October 2022, who were consistently placing orders ahead of the Big Clients, including Bharat Kanaiyalal Sheth Family Trust in the equity (cash) segment of NSE and were squaring off the same.
The investigation revealed that Jitendra Kewalramani, who was the Authorised .
Property Share files for first SM REIT scheme to raise ₹353 crore (27-09-2024)
Property Share Investment Trust introduces PropShare Platina, a real estate investment scheme with high returns in Bengaluru
IDFC First Bank Limited (27-09-2024)
Deal Closing in
‘Not realised a single penny from ESOPs issued to me’, says REL Chairperson Saluja (27-09-2024)
Lack of ESOP awareness among policymakers and investigators could harm corporate India, warns corporate honcho
Neuland Laboratories Limited – Transformation towards niche APIs? (27-09-2024)
Neuland also has other molecules ready for commercial sale in the next 3-4 years. That is the growth the market is anticipating at CMP. KarXT, while a blockbuster in itself, leaves many questions in terms of cashflows. Management themselves have mentioned repeatedly that this FY is one of moderation in margins.
Disc: invested
Forex reserves swell $2.83 bn to record $692.3 bn (27-09-2024)
India’s forex reserves jumped by $2.84 billion to a new all-time high of $692.3 billion for the week ended September 20, the RBI said on Friday. The overall kitty had increased by $223 million to a new high of $689.46 billion for the previous reporting week.