30May
SEBI bans actor Arshad Warsi, wife and 59 others from market for alleged pump-and-dump activities
Market regulator Securities and Exchange Board of India (SEBI) has barred actor Arshad Warsi, along with his wife, and his brother from accessing the securities market for one year for allegedly artificially inflating the share price of Sadhna Broadcast Ltd (SBL) before dumping it. SEBI passed a final order in the matter of Sadhna Broadcast Limited. Company has now changed its name to Crystal Business System Ltd. SEBI has also imposed monetary penalty of Rs 5 lakh each
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Shares of Suzlon Energy Ltd climbed 10 per cent in Friday’s trade after a couple of stock brokerages lifted their target prices on the stock post a solid March quarter earnings and optimistic management commentary. The stock climbed 13.57 per cent to hit a high of Rs 74.30 today, which pushed the market capitalisation of the company close to R 1,00,000 crore-mark. The Suzlon stock, which traded in a wide range of Rs 43.50-86.04 in the past
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India’s export sector faces challenges from rising geopolitical tensions, protectionist trade policies, and the rising threat of a global tariff war, the Reserve Bank of India warned in its annual report. However, the central bank said India’s active participation in 14 free trade agreements and six preferential trade agreements could help offset some of these headwinds. India’s ongoing negotiations for new deals with key trading partners such as the US, Oman, Peru, and the European
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Adani Ports and Special Economic Zone, India’s largest private port operator, has placed its longest-tenor debt with state-run Life Insurance Corporation of India, two sources familiar with the matter said on Thursday. The company raised 50 billion rupees ($585.33 million) through the sale of bonds maturing in 15 years at 7.75 per cent annual coupon and the debentures were fully bought by LIC, the sources said, declining to be identified as they are not authorised
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29May
Samvardhana Motherson Bonus Shares: Non-Nifty stock with most bonus issues approves another one
Shares of Samvardhana Motherson International Ltd., the manufacturer of automobile components declined after the company reported its March quarter results on Thursday, May 29. Additionally, the company’s board has also approved the issue of bonus shares along with its quarterly results. Samvardhana Motherson will issue bonus shares in the ratio of 1:2, which means, eligible shareholders will receive one bonus share for every two shares they hold as of the record date. The said bonus
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