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Market regulator Securities and Exchange Board of India (SEBI) on Friday slapped a penalty of between ₹5 lakh and ₹15 crore on 13 notices in a matter of fraud committed by share transfer agent Sharepro Services (India). According to SEBI, at least securities worth Rs 60.45 crore and dividends worth ₹1.41 crore of genuine shareholders […]

The initial public offering Blue Jet Healthcare was subscribed 7.95 times on the last day of the issue closing on Friday. The issue, which came out with a price band of ₹329-346 received decent interests from all category investors. While the portion earmarked for qualified instituitional buyers was subscribed 13.72 times, the quota for non-institutions […]

Lemon Tree Hotels has signed a licence agreement for a 50-room property in Visakhapatnam, Andhra Pradesh, under the brand Red Fox Hotels. The hotel is expected to be operational by FY 2026. Oberoi Realty has divested its entire 31.67 per cent stake in a joint venture with Sangam City Township for Rs 3.6 crore.  LIT MindTree […]

Global headwinds continue to roil equity markets, which tumbled for a sixth straight session on Thursday, to their lowest level in four months. The BSE Sensex fell 850 points to 63,119, while the NSE Nifty 50 lost 270 points. The Sensex pulled up a little by 1 pm, when it was down by 798 points, […]

Capital markets regulator SEBI on Wednesday sent demand notices to three former officials of Karvy Group, asking them to pay about ₹1.8 crore in the case of the misappropriation of client’s funds by Karvy Stock Broking Ltd (KSBL). The regulator has warned them of arrest and attachment of assets as well as bank accounts if […]

The benchmark equity indices climbed in early trade on Wednesday after facing a heavy drubbing in previous trade, amid positive trends in global markets and foreign fund inflows. Softening crude oil prices also helped the market recover. The 30-share BSE Sensex climbed 193.64 points to 64,765.52 in early trade. The Nifty advanced 54.55 points to […]

The newly set up Indian cooperative export body National Cooperative Exports Ltd (NCEL) has begun to execute its non-basmati white rice orders by shipping its first consignments to Mauritius. Of the 14,000 tonnes permitted by the Indian government to be exported to the east African nations, NCEL has shipped 3,950 tonnes so far, data made […]

The Reserve Bank of India, in consultation with the Government of India, has expanded the basket of products offered through the Retail Direct Portal, allowing retail investors to subscribe to Floating Rate Savings Bonds (FRSBs), 2020 (Taxable). FRSBs are interest bearing, non-tradeable bonds, issued by the Government of India, which are repayable on the expiration of seven years from […]

J&K Bank Q2 FY24 (Standalone, YoY) Net profit at Rs 381.07 crore vs Rs 243.49 crore, up 57% YoY. NII at Rs 1,333.83 crore vs Rs 1,195.12 crore, up 12% YoY. Gross NPA at 5.26% vs 5.77% QoQ. Net NPA at 1.04% vs 1.39% QoQ. CreditAccess Grameen Q2 FY24 (Standalone, YoY) Total income up 53.2% […]

Market capitalisation of Indian listed stocks are likely to touch nearly $7 trillion by 2030, riding on the continued strong growth in the economy, Amarjeet Singh, Whole-time Member, SEBI, has said.  “ Today size of Indian economy is $ 3.73 trillion.  Projection is our economy would grow to become a $ 7 trillion size by 2030. […]