Page 18 - Ortfolio Allocation News Today

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.

Finance minister Nirmala Sitharaman’s ‘White Paper on the Indian Economy’ has presented a detailed analysis of the ‘policy paralysis’ and governance issues of the 2004-2014 period.

The national company law appellate tribunal, while staying an order passed by the Mumbai bench of the national company law tribunal (NCLT) to initiate a corporate insolvency resolution process (CIRP) against Sporta Technologies Pvt Ltd, the parent of Dream11 fantasy sports platform, has directed the resolution professional (RP) not to take further steps in the resolution process.

The deadline of the first week of February 2024 for filling the vacancies of four state information commissioners (SIC) in Maharashtra as directed by the Bombay High Court has been flouted with none of these appointments having realised; propelling a group of RTI activists, who had filed a public interest litigation (PIL), to dash off a letter to the chief minister, crying contempt of court.

An expert committee set up by the Insolvency and Bankruptcy Board of India (IBBI) has submitted its report on the framework and processes for mediation under the Insolvency & Bankruptcy Code (IBC/Code).

Expressing concerns over a payment intermediary operated by a card network, Reserve Bank of India (RBI) has asked the card network to keep all such arrangements under abeyance till further orders. RBI has not named the card network.

Billionaire Sajjan Jindal-led JSW Steel has formed a joint venture with Japans JFE Steel Corporation to invest Rs 5500 crore for setting up a plant to manufacture grain-oriented electrical steel in India, JSW said in a statement on Tuesday.

Four independent directors of Binny Ltd agreed to pay Rs42.57 lakh to settle the adjudication proceedings initiated by the Securities and Exchange Board of India (SEBI) for violating SEBI regulations and failing to act independently. Those who agreed to settle the matter include justice (retd) S Jagadeesan, T Manisriram, T Radhakrishnan and Dr DVR Prakash Rao.

Indias inflation based on the wholesale price index eased to 0.27 per cent in January compared to 0.73 per cent in December, data released by the Commerce and Industry Ministry on Wednesday showed.

Inflation in the US, which cooled in January, rose again exceeding Wall Street’s expectations, signalling that the Federal Reserve might hold back its reported move to cut interest rates.