Page 11 - Ortfolio Allocation News Today

Public sector Hindustan Aeronautics Ltd (HAL) has received penalty notices of Rs 542,800 each from India’s two stock exchanges-BSE and NSE- for not having sufficient number of independent directors on its Board.

Amidst increasing allegations of withholding and blocking accounts posting messages on the farmers’ protest, X (erstwhile Twitter) says it is withholding these accounts and posts to follow directions issued by the Indian government since noncompliance would be subjected to potential penalties including significant fines and imprisonment to the social media platform and its employees working in the country.

The government has approved amendments to the Electricity (Rights of Consumers) Rules that will further reduce the timeline for getting new electricity connections and simplify the process of setting up rooftop solar installations, Minister for Power and New & Renewable Energy R. K. Singh said on Friday.

The Reserve Bank of India (RBI) says it has advised National Payments Corporation of India (NPCI) to examine the request of One97 Communication Ltd (OCL/Paytm) to become a third-party application provider (TPAP) for unified payment interface (UPI) channel for continued operation of the Paytm app and @paytm channel.

The directorate of enforcement (ED) has provisionally attached immovable properties totalling Rs13.20 crore in the form of shops in SGS Mall at Pune held by SGS group under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).

The Insolvency and Bankruptcy Code (IBC) seems to be incentivising debtors to settle their defaults even before the cases are admitted under the code, credit rating agency CARE Ratings said.

Max Healthcare Institute (Max) reported 13th consecutive quarter of y-o-y (year-on-year) growth. Also, the company managed to grow ARPOB (average revenue per occupied bed) and EBITDA (earnings before interest, taxation, depreciation and amortisation) per bed sequentially, despite the third quarter (Q3) of the financial year (FY) being a seasonally lean quarter.

Many small business owners prefer opening their place of business near their residence or even operating from within. While this might be permissible for some categories of business, commercial activities of most kinds are not to be allowed in residential premises without the express permission of the local municipal body.

Action Construction Equipment (ACE) has demonstrated exceptional performance with five quarters of consecutive sequential revenue growth and significant margin expansion, thanks to India s ongoing infrastructure boom.

Haryana RERA imposes Rs25 lakh penalty on promoter for misleading DDJAY