Adani Bribery Case: Here are 5 setbacks that followed post indictment
While Adani Group stocks bounced back on Friday after a previous day collapse, the ports-to-power conglomerate has seen some setbacks as a fallout of the indictment by US court. Here are 5 things which have gone against the group as a reaction to what happened: 1. Likely credit halt by global banks Some global banks…
READ MORE
Royalty payments by some listed companies exceed 20% of profits
Mumbai : Listed companies paid royalty to related parties in excess of 20% of their net profits on one out of four occasions, flagging the need for change in norms, a study published by the Securities and Exchange Board of India (Sebi) Thursday showed. “The data suggests that though the royalty payments made by companies…
READ MORE
Elcid Investments shares hit 5% upper circuit, continues record-breaking surge
Shares of Elcid Investments soared 5% in Thursday’s trade, hitting the upper circuit at Rs 2,48,062.5 on the BSE. This rally extends Elcid’s remarkable rise, which has captured market attention due to its transformation from a little-known smallcap stock to India’s most expensive one, surpassing even MRF’s per-share price. On Wednesday, Elcid made headlines with…
READ MORE
File it, forget it? Lack of checks raises concerns over Sebi members’ disclosures
Disclosure requirements for board members at India’s capital market regulator are under the spotlight in the wake of impropriety charges by Hindenburg Research and the Opposition Congress against chairperson Madhabi Puri Buch, whose allegedly undeclared conflicts of interest lapses have lately come under attack. Rules require Securities and Exchange Board of India (Sebi) board members,…
READ MORE
F&O traders lose nearly Rs 2 lakh cr wealth in 3 years to March with just 7.2% profit rate
Retail traders made a combined net loss of ₹1.81 lakh crore in futures and options trading in the three years to March 2024 and only 7.2% of individual traders made a profit during this period, a study done by markets regulator Securities and Exchange Board of India (Sebi) showed. The number of retail traders has…
READ MORE
Sebi proposes to ease compliance for non-convertible securities
Aimed at promoting ease of doing business for non-convertible securities, market regulator Securities and Exchange Board of India (Sebi) on Friday released a consultation paper seeking feedback on proposals, including alignment of provision regarding approval and authentication of financial results for entities having listed non-convertible securities with that for equity listed entities. Under the proposed…
READ MORE