Page 33 - Ortfolio Allocation News Today

The aviation watchdog, Directorate General of Civil Aviation (DGCA), has imposed a penalty of Rs 1.10 crore on Air India after an airline employee alleged safety violations on flights operated on certain long-range terrain critical routes, an official said on Wednesday.

Jindal SAW’s Q3FY23-24 earnings were strong, with exceptional margin expansion due to increased turnover and other factors which is unlikely to sustain. The current order-book has increased to US$1.49bn (billion) compared to US$1.44bn earlier excluding the UAE and Gulf subsidiaries.

He Delhi High Court has held information about the PM CARES fund could not be provided under the Right to Information (RTI) Act but only under the Income Tax Act, that too upon the satisfaction of the principal chief commissioner of income tax.

The government has raised the import duty on gold and silver findings as well as coins of precious metals to 15 per cent, from 10 per cent at present, with effect from January 22.

Holding the Unit Trust of India (UTI) responsible for deficiency in service by not refunding money invested by an investor beyond the conversion of the units into assured returns schemes (ARS) bonds, the national consumer disputes redressal commission (NCDRC) directed UTI to pay a compensation of Rs56,400 to the investor.

The edtech major Byju’s on Tuesday announced its audited FY22 financial results after much delay, registering operating revenue of Rs 5,014 crore while losses surged to Rs 8,370 crore in FY22 from Rs 4,599 crore in the earlier fiscal year.

On Tuesday, 886 stocks advanced, 3049 declined and 132 remained unchanged, with an advance decline ratio of 0.29 on the Bombay Stock Exchange (BSE), indicating strong negative closing of stocks in broader markets. It was a market wide fall as around 790 stock were down more than 3%.

Securities and Exchange Board of India (SEBI) may have zeroed in on the role of Zee Entertainment Enterprises Ltd (ZEEL)s managing director and chief executive officer (MD&CEO) Punit Goenka in misuse of funds as key managerial personnel (KMP) in Essel group companies, and the investigation by the market regulator reveal Rs800 crore to Rs1,000 crore may have been siphoned as against its previous finding of Rs200 crore, says a report.

After just over two years of high drama, Sony Pictures Networks India (now called Culver Max Entertainment) finally declared The End on its merger with Zee Entertainment Enterprises Ltd (ZEE) on 22 December 2021.

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