Adani-Hindenburg row: SEBI moves SC seeking more time
Market regulator SEBI has told the Supreme Court that its ongoing investigations against Adani group, following the allegations made by Hindenberg Research report, are complex in nature and therefore need at least six more months to be completed. The top court had asked SEBI to complete the investigations in two months. SEBI has submitted that […]
Adani-Hindenburg row: SEBI moves SC seeking extension of time to complete probe
Market Regulator SEBI has moved the Supreme Court seeking a six-month extension to complete its probe into the allegations of stock price manipulation by the Adani group and any lapses in regulatory disclosures. The top court had on March 2 asked SEBI to probe the matter within two months and also set up a panel […]
Strong Q4, falling crude aid markets scale 2-month high
Equity benchmarks ended at a two-month high on Friday with Sensex and Nifty reclaiming the 61,000 and 18,000 levels, respectively, in the backdrop of upbeat performance by large corporates and banks, declining oil prices and other global cues including better earnings from big tech companies. At close, the Sensex was up 463.06 points, or 0.76 […]
Wipro shares climb nearly 4% after share buyback announcement
Shares of Wipro climbed nearly 4 per cent in morning trade on Friday after the company’s board announced a share buyback of up to ₹12,000 crore. The stock jumped 3.64 per cent to ₹388 on the BSE. At the NSE, it gained 3.63 per cent to ₹388. It was the biggest gainer on both the […]
SEBI bans LIC dealer for front running
A dealer of Life Insurance Corporation (LIC) of India has been caught by SEBI for front running the trades in the stock market of the insurance giant. In its order issued on Thursday, SEBI barred LIC dealer Yogesh Garg from buying, selling or dealing in securities until further orders. SEBI has barred four of his relatives too. SEBI observed in […]
Vijay Mehta elected as ANMI’s 28th National President
ANMI, a pan-India industry body representing market intermediaries and stock brokers, has appointed Vijay Mehta (Chairman: Mefcom Capital Markets Ltd) as its 28th President for the year 2023-24. Commenting on his appointment as ANMI President, Mehta said, “I am humbled and honoured by the trust placed in me by the esteemed members of ANMI. In […]
New dividend, bonus policy push up Gujarat PSUs
The shares of Gujarat government-run public sector undertakings (PSUs) gained upto 15 per cent in early trade on Wednesday. The buying interest was triggered by the State government’s new policy mandating minimum dividend distribution and bonus issue from the State PSUs. All the seven listed state PSUs posted gains of 1-15 per cent in early […]
Wipro’s potential share buyback to boost investor confidence
IT major Wipro’s announcement of a share buyback consideration (board meet on April 27) is aimed at boosting investor confidence, analysts said. This also indicates that the company will reduce its focus on mergers and acquisitions in the near term, amidst the current macro situation, they added. This comes as the IT industry treads a […]
Stocks that will see action today – April 25
Infosys has signed a Memorandum of Understanding (MoU) with energy and chemicals company Aramco, to collaborate on accelerating their human resource (HR) technology. Infosys aims to leverage AI to further bolster Aramco’s employee learning and development experiences and reduce skill gaps. Ipca Laboratories will acquire a 33.38 per cent stake in Unichem Laboratories, from one of […]
Broker’s call: ICICI Pru Life (Buy)
Target: ₹520 CMP: ₹442.55 ICICI Prudential Life Insurance’s strong Q4-FY23 APE growth of 26 per cent y-o-y was primarily driven by non-linked savings (+104 per cent), partly offset by lower ULIPs (-24 per cent) and muted protection. VNB margins stood strong at 32 pe cent (up 400 bps, flat), driven by product mix. VNB grew […]