Page 27 - Ortfolio Allocation News Today

Shares of One97 Communications Ltd (OCL/(Paytm) hit lower band of 20% during morning trading Thursday at Rs609 on NSE following action by Reserve Bank of India (RBI) against Paytm Payments Bank Ltd, an associate of OCL

Often, resident members in cooperative housing societies (CHS) buy flats in new or redeveloped buildings, which adjoin each other and, for habitual convenience, merge them into a single flat (or a duplex flat if situated on separate floors). In most such cases, the owners remain ignorant of the rules that require them to seek explicit permission from the municipal authorities before undertaking construction to merge adjoining flats.

Union Finance Minister Nirmala Sitharaman on Thursday said that the government will encourage vaccination for girls in the age group of 9 to 14 years for prevention of cervical cancer.

The public information officer (PIO) of the Life Insurance Company (LIC) of Agra, who defended himself by stating that documents regarding its pension & group scheme policy (P&GS) of employees of St Clares School, Agra were destroyed in a fire, has been directed by the central information commission (CIC) to file an affidavit “deposing categorically that relevant records are destroyed in fire accident of December 2016 duly supported by documentary evidence.”

Market regulator Securities and Exchange Board of India (SEBI) has barred Saurabh Verma (noticee) for two years for providing illegal investment advisory services. While slapping a fine of Rs2 lakh, SEBI also asked Mr Varma to refund Rs1.67 crore collected as fees from clients or investors.

The government on Thursday announced a Rs 1 lakh crore corpus for youth for long-term financing and refinancing that will help young entrepreneurs innovate and grow at scale in the sunrise industries.

On Thursday, 1774 stocks advanced, 2081 declined and 88 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 0.85, indicating positive closing of stocks in broader markets.

President Droupadi Murmu addressed the joint sitting of both the Houses of Parliament on Wednesday, mentioning the removal of Article 370, economic reforms, educational reforms and indigenous defence manufacturing. In her first address in the new Parliament building. she said that building of the Ram temple in Ayodhya had been a dream for centuries and it is a reality now.

Last week, Sony Pictures Networks India (now called Culver Max Entertainment) ended its merger proposal with Zee Entertainment Enterprises Ltd (Zee) which was signed on 22 December 2021. The market had already got wind of it and so the stock started weakening from around Rs278 on Monday, 8th January.

While upholding an order passed by the Rajasthan state consumer disputes redressal commission, the national consumer disputes redressal commission (NCDRC) directed MakeMyTrip India Pvt Ltd to pay Rs2 lakh compensation and Rs21,000 litigation cost for deficiency in service for a tour package.