The government will take strict action against exporters who are trying to ship or have shipped wheat by submitting back-dated and improper documents following the ban on exports of the crop, Commerce and Industry Minister Piyush Goyal said on Friday. On May 13, the government banned wheat exports to control domestic prices. However, it allowed [...]
Sebi on Friday revoked the securities market ban imposed on Abhay Bhutada, Managing Director of Poonawalla Finance, in a case pertaining to alleged insider trading activities in the shares of Magma Fincorp, which is now known as Poonawalla Fincorp. After conducting a detailed investigation in the matter, Sebi found that "Abhay Bhutada had not communicated [...]
Essar Power Ltd on Friday said it has agreed to sell one of its two electricity transmission lines to Adani Transmission Ltd for Rs 1,913 crore. The sale is a part of deleveraging strategy following which Essar has repaid over Rs 1.8 lakh crore to banks and financial institutions in the last three years - [...]
The UN food agency would be drafting a food crisis response plan for Sri Lanka amidst threats of a food shortage in the country due to its worst economic crisis. The response of the Food and Agriculture Organisation (FAO) of the United Nations came after Prime Minister Ranil Wickremesinghe had warned of a food crisis [...]
As per the Global IPO report of Ernst & Young (EY), the year 2021 was the best year in terms of the amount raised for the Indian stock market in the last 20 years. The number of companies which raised funds increased 156% year on year basis to touch 110 figures in 2021, up from [...]
Cryptocurrency investing application provider CoinSwitch has unveiled Crypto Rupee Index CRE8, to measure the performance of the Indian Rupee-based crypto market, the company said on Friday. The Crypto Rupee Index tracks the performance of crypto assets that represent over 85 per cent of the total market capitalisation of cryptocurrencies traded in Rupee, a press release [...]
The shares of Deepak Nitrite Limited, a Gujarat based chemical manufacturing company opened 4.40% below at ₹ 1,955.45 from their previous closing price of ₹ 2,045.80 in response to a massive fire that broke out at its facility at Nandesari Industrial Estate yesterday. As of 12:45 IST, the stock was trading at ₹ 1972.35, down [...]
The National Company Law Appellate Tribunal has directed the new board of the debt-ridden IL&FS Group to distribute Rs 16,361 crore of cash and InvIT units available across the Group to its creditors on pro-rata basis. The interim distribution award of Rs 16,361 crore includes Rs 11,296 crore in cash and Rs 5,065 crore in [...]
Shares of Reliance Industries Ltd have managed to give positive returns to the investors in a volatile market and are inching closer to their record high of ₹2,855. Its shares hold a weightage of 11.17% in the Nifty50 index. The share is currently trading at ₹ 2,809.80 on the NSE and is up by 3.11% [...]
Shares of speciality chemicals company Aether Industries on Friday listed with a premium of 10 per cent against its issue price of Rs 642. The stock made its debut at Rs 706.15, registering a jump of 9.99 per cent from the issue price at the BSE. It rallied 20.98 per cent to Rs 776.75. On [...]
