Page 12 - Ortfolio Allocation News Today

Finance minister (FM) Nirmala Sitharaman is set to meet fin-tech leaders on 26th February to ‘reassure’ them and address complaints regarding stringent supervision by the Reserve Bank of India (RBI). It will be disappointing if the FM succumbs to pressure in an election year.

The Karnataka High Court on Wednesday ordered that any resolutions, proposed to be passed in the Friday meeting called by select Byjus investors to remove its founder Byju Raveendran as CEO and appoint a new board, are invalid until the final hearing and disposition of this petition.

As Paytm Payments Bank announced to shift its nodal account to Axis Bank by opening an escrow account, speculations started on which bank or financial services major is vying to get what businesses at the Paytm subsidiary as the Reserve Bank of Indias (RBI) March 15 deadline looms.

Market regulator Securities and Exchange Board of India (SEBI) has issued warning letters to four entities offering illegal investment advisory to investors.

Market regulator Securities and Exchange Board of India (SEBI) has barred Santhoshkumar Ravi (noticee) of B4Trading Tamil (B4TT) for six months for providing unregistered investment advisory services. While slapping a fine of Rs1 lakh, SEBI also asked Mr Ravi to refund Rs29.99 lakh collected as fees from clients, investors or complainants.

The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on Wednesday approved an 8 per cent increase in the Fair and Remunerative Price (FRP) of sugarcane to Rs 340 per quintal for the sugar season 2024-25.

GPT is a regional corporate healthcare company in Eastern. The chain of mid-sized full-service hospitals operates under its brand, ILS, providing integrated healthcare services, with a focus on secondary and tertiary care.

It’s all good for the opposition political parties to cry foul about the ruling government’s questionable RTI Amendment Act of 2019, wherein the appointment and tenure of information commissioners have been diluted; but what stops the former from tenaciously pursuing it, particularly when the matter is already in the Supreme Court? What stops the SC from putting pressure on the government to respond, when the latter has turned a deaf year to its directive to respond?

On Thursday, 2354 stocks advanced, 1504 declined, and 105 remained unchanged on BSE with an advance decline ratio of 1.56, indicating a positive closing of stocks in broader markets.

As part of its investigation into the founders of Zee Entertainment Enterprises Ltd (ZEEL), market regulator Securities and Exchange Board of India (SEBI) found that about Rs20bn (billion) or US$241mn (million) may have been diverted from the company, says a report quoting people familiar with the matter who did not want to be identified as the information is not public yet.