Page 29 - Ortfolio Allocation News Today

On Tuesday, stocks 1953 advanced, 1861 declined and 93 remained unchanged, with an advance decline ratio of 1.05 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.

The Delhi High Court has ordered messaging platforms WhatsApp and Telegram to delete groups and accounts defrauding people by misusing the trademarks of venture capital firms Peak XV and Sequoia Capital.

While the insolvency and bankruptcy code (IBC) has had a profound positive impact on Indias insolvency landscape, the resolution process has seen a divergence from its legislative intent of a faster and higher recovery of stressed assets because of litigations at various stages and judicial delays, says a research note.

Market regulator Securities and Exchange Board of India (SEBI) has asked Farm Tech Silo LLP (also known as Growpital) and its associate entities ZF Project 1 LLP, ZF Project 2 LLP, ZF Project 3 LLP, Yotta Agro Venture Pvt Ltd and the directors or designated partners of these entities Rituraj Sharma, Gayatri Rinwa and Krishna Sharma not to float any new collective investment scheme (CIS) or collect funds from investors for its existing CIS.

Market regulator Securities and Exchange Board of India (SEBI) is reportedly planning to conduct an examination for those who want to become strategy providers for algo trading. The market regulator is also not in favour of allowing brokers to provide an open application programming interface (API) without knowing where it is being used.

The Nevada Department of Taxation in the US has been slapped a fine of $225 for alleged violation of short payment of modified business tax for two quarters.

Reserve Bank of India (RBI) has imposed a penalty of Rs7.25 lakh on five cooperative banks, for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs5 lakh has been imposed on Dr Panjabrao Deshmukh Urban Cooperative Bank Ltd from Maharashtra.

Bajaj Finserv Health Ltd (BFS-Health), a wholly-owned subsidiary of Bajaj Finserv Ltd, on Tuesday announced signing of share purchase agreement for acquisition of 100 per cent stake in Vidal Healthcare Services Private Ltd (VHC) and its subsidiaries and an associate company.

EAS Sarma, former secretary to the government of India (GoI), has asked ECI to come clean on this even at this belated hour, direct the concerned authorities to revoke the directorship of Bharatiya Janata Party (BJP)-affiliated persons from the board of Bharat Electronics Ltd (BEL) and place the details of the action taken by it in the public domain for the people of this country to see.

The market is on a tear and any stock with some earnings growth is being lapped up eagerly. In fact, even if it has no earnings growth but a story attached (renewables, energy, railways, defence, and urban infrastructure), it becomes a superhot stock in the current market.