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Financial crime compliance among services to be provided by International Financial Services Centre at GIFT City
Financial crime compliance services, taxation services, accounting services and book-keeping services have been brought under the ambit of financial services that can be provided from the International Financial Services Centre (IFSC) at GIFT City. Financial crime services include services rendered in relation to compliance of Anti-Money Laundering (AML)/ Countering the Financing of Terrorism (CFT) measures […]
Sony sends termination letter to Zee over India merger
Sony Group Corp. has officially notified Zee Entertainment Enterprises Ltd. it plans to call off the merger between its India unit and the media network, ending a two-year acquisition saga and leaving Zee vulnerable to competition as rivals bulk up. The Japanese entertainment giant sent a termination letter to Zee early on January 22 and […]
After Argentina, India’s Mines Ministry to tap Chile for lithium; due diligence underway
Post signing a development and exploration agreement with Argentina’s CAMYEN for lithium sourcing, India’s Mines Ministry is tapping into Chile eyeing similar acquisition opportunities. A team of Ministry officials will be carrying out due diligence for lithium blocks there soon and discussions in this regard are currently underway. The Ministry, which has signed a non-disclosure […]
HCL Technologies: Why Investors Can Book Profits in this Stock
At bl.portfolio, we had started taking a cautious approach to IT stocks since mid-2021 when valuations started getting frothy. Since then, there has been quite a significant time-wise, and also in many cases, absolute correction in stocks in the sector. In this context, HCL Technologies was amongst the few stocks we had a positive view […]
Reliance Industries shares fall over 1% after Q3 earnings
Shares of Reliance Industries Ltd fell 1.30 per cent in morning trade on Saturday after the company reported its quarterly earnings. Also read: Reliance Jio’s profit rises 12 per cent to ₹5,208 crore in Q3 The oil-to-retail-to-telecom conglomerate’s consolidated net profit of ₹17,265 crore in the third quarter of the current fiscal was 9.3 per […]
BSE, NSE to function to open on Saturday, Monday holiday
Equity and derivatives markets of BSE and the National Stock Exchange will function normal on Saturday i.e. from 9:15 a.m. to 3:30 p.m., without the planned disaster recovery movements. However, the markets will remain shut on Monday, as the Maharashtra Government has declared public holiday under the Negotiable instruments Act. SHARE Copy link Email Facebook […]
Stock to buy today: Century Plyboards (I) (₹800) – BUY
The short-term outlook is bullish for Century Plyboards (I). The stock has risen 1.7 per cent on Thursday marks the end of the sideways consolidation that was in place since the last week of December. It also indicates that a fresh leg of upmove has begun. The stock has formed a strong base above ₹750. […]
Ajmera Realty & Infra, Keystone Realtors joint venture signs redevelopment project in Bandra West
Ajmera Luxe Realty Private Limited (ALRPL), a joint venture between Ajmera Realty & Infra India Limited and Keystone Realtors Limited (Rustomjee), has embarked on a redevelopment project in Bandra West. As per regulatory filing, the companies will hold a 50 per cent stake in the project, which is expected to generate a gross development value […]
Developers put REITs on hold on uncertain market conditions
Several developers with commercial assets in their portfolio, who were planning to float real estate investment trusts and list their units, have put them on hold as they feel that the current market conditions are not conducive for a REIT offering. Bengaluru-based Bagmane Developers was working on filing draft papers for a REIT, but sources […]
