Sebi on Wednesday ordered the attachment of bank and demat accounts of Shivi Holdings to recover Rs 5.35 crore in a matter related to fund diversion case of Religare Finvest. Religare Finvest Ltd (RFL) is a subsidiary of Religare Enterprises Ltd (REL). The recovery proceedings against Shivi Holdings have been initiated to recover Rs 5.35 [...]
The first G-20 Employment Working Group meeting will begin in Jodhpur Thursday afternoon to address priority labour, employment and social issues for sustainable, inclusive and job-rich growth. The first day of the three-day meeting will explore strategies for global skills, qualification harmonization, and developing a framework for common skill taxonomies. The panel discussion will be [...]
Measures announced in the Budget such as extending the period of incorporation of eligible budding entrepreneurs for providing tax incentives, would provide a lot of support to further strengthen the country's startup ecosystem, Commerce and Industry Minister Piyush Goyal has said. The government on Wednesday proposed to extend the period of incorporation of eligible startups [...]
Shares of Adani Enterprises tumbled 15 per cent in morning trade on Thursday, a day after the firm said it has decided not to go ahead with its Rs 20,000-crore Follow-on Public Offer (FPO) and will return the proceeds to investors. The stock tanked 15 per cent to Rs 1,809.40 on the BSE. Other group [...]
Baba Kalyani, promoter of Kalyani Group, has settled a case of an alleged violation of SAST (Substantial Acquisition of Shares and Takeovers) norms in the matter of BF Utilities Ltd with market regulator Sebi on payment of Rs 3 lakh. BF Utilities is a subsidiary of the Kalyani Group. The settlement came after Babasaheb Neelkanth [...]
Adani Enterprises on Wednesday said it has decided not to go ahead with its Rs 20,000-crore Follow-on Public Offer (FPO) and will return the proceeds to investors. The announcement comes a day after the company's FPO was subscribed fully on the last day of the offer on Tuesday. "The Board of Adani Enterprises Ltd., (AEL) [...]
Equity benchmarks fell in initial trade on Thursday, but later bounced back to trade in the positive territory, amid firm global market trends and foreign fund inflows. The 30-share BSE benchmark Sensex had fallen 492.46 points to 59,215.62 in early trade. The broader NSE Nifty declined 170.35 points to 17,445.95 in initial trade. However, later [...]
Industry body ICEA on Wednesday said removal of duty on imports of camera lens and some other inputs as proposed in the Budget are steps in the right direction but will have no significant impact on the final price of phones. The cost impact on mobile phone's Bill of Material (BoM) will be 0.16 per [...]
Industry bodies in Madhya Pradesh on Wednesday said the Budget 2023-24 provisions will boost the country's industrial development. Finance minister Nirmala Sitharaman tabled the Union Budget in Parliament on Wednesday. "The government has proposed a capital fund of Rs 10 lakh crore for infrastructure development and Rs 2.40 lakh crore for railways, which will give [...]
Ports-to-energy tycoon Gautam Adani has tumbled on the world's top billionaire ranking and is no longer the richest Asian or Indian. Rival business magnate Mukesh Ambani, who was richest Indian before Adani's eye popping gains in company stock prices catapulted him to top spot in April last year, has regained that position. Adani, who ranked [...]
