SEBI moots draft papers of public offers to include audio-visuals
SEBI has proposed that the disclosures made in the draft red herring (DRHP) and red herring (RHP) prospectus of public issues be made available in audio-visual (AV) format by the issuer companies listing on the main board. The AV will be in English and Hindi and made available in public domain. This is to provide […]
Jindal Stainless partners with JBM Auto to roll out 500 energy-efficient electric buses
Stainless steel manufacturer Jindal Stainless Ltd (JSL) has partnered with electric bus manufacturer JBM Auto Ltd, to roll out over 500 energy-efficient and light-weight stainless steel electric buses. The material will be supplied to JBM Auto through Jindal Stainless’ domestic service arm, Jindal Stainless Steelway Ltd (JSSL). The JT Tubes, provided by JSSL, will be […]
Narayana Murthy gifts shares worth over ₹240 crore to 4-month-old grandson Ekagrah
Infosys co-founder NR Narayana Murthy has gifted shares worth over ₹240 crore to his four-month-old grandson, Ekagrah Rohan Murty. According to the exchange filing, the 77-year-old IT veteran said that he transferred 0.04 per cent stake or 15 lakh shares, to his grandson in an off-market transaction on Friday. Also read: Narayana Murthy’s 70-hour work […]
Stocks that will see action today—March 18, 2024
The Centre has granted its approval to insurance major LIC for a wage revision for its employees, effective August 1, 2022. The pay has been revised upwards by 17 per cent. The US has widened its investigation of Adani Group to focus on the conduct of its founder, Gautam Adani, and whether the company may […]
Coal PSUs must plan pithead-based thermal projects: Coal Secy Meena
The Coal Ministry has asked Coal India Ltd and NLC India Ltd to go for pithead-based thermal projects with an aim to reduce transportation cost and improve availability of dry fuel, a top government official said. Also read: Coal miners to ramp up RE capacity to over 9 GW by 2030 The plan is that […]
MF inflows through SIPs set to hit new high in FY24
Notwithstanding the concerns over froth and bubbles building up in the stock markets, the inflows through Systematic Investment Plans are all set to hit a record high this fiscal, and in the last 11 months, it has already surpassed the amount collected in FY23. The SIP inflows were up 15 percent in the last 11 […]
SEBI greenlights T+0 settlement beta version, FPI relaxations
The board of Securities and Exchange Board of India (SEBI) on Friday gave its nod for the launch of a beta version of optional T+0 settlement for 25 scrips with a limited set of brokers. The board has approved a proposal to exempt additional disclosure requirements for FPIs having more than 50 per cent of […]
Price cut on petrol, diesel deflates OMC stocks
Shares of oil marketing companies come under pressure after a late-night sudden announcement of cutting diesel and petrol price by ₹2 each at retail outlets. Hindustan Petroleum Corporation slumped 6.24 per cent to ₹468.95 on the BSE, Indian Oil Corporation 5.46 per cent to ₹161.15 and BPCL by 3.74 per cent to ₹586.25, as analysts […]
Five firms raise ₹8 crore via social stock exchange listing
The National Stock Exchange’s (NSE) Social Stock Exchange (SSE) platform listed two more NPOs on Thursday — Swami Vivekananda Youth Movement (SVYM) and Transform Rural India — taking the total number of SSE listings to five. SVYM, which specialises in areas of education, health, socio-economic empowerment, environment and sustainability, has raised ₹1.55 crore, for a […]
HavenArk join hands with Zimtra to strengthen community trading
HavenArk, a leading trading community in Kochi, has announced a strategic partnership with Zimtra, a proprietary asset management firm. Leveraging HavenArk’s extensive trader network, the collaboration aims to usher in a new era of trading proficiency and economic empowerment. With Zimtra already allocating over $5 million to traders and a steadfast commitment to bolster financial […]