Page 39 - Ortfolio Allocation News Today

Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs93 lakh on eight, including promoters, chairperson and managing director (CMD) and directors, while directing three of them to disgorge Rs22.80 crore, the unlawful gains earned by manipulating the share price of Vikas Proppant and Granite Ltd (VPGL), with an interest of 12% pa (per annum).

The National Highways Authority of India (NHAI) on Monday said that FASTags with incomplete KYC will be deactivated or blacklisted by banks after January 31, as part of its move to enhance efficiency of the electronic toll collection system and provide seamless movement at the toll plazas.

As the date for the pran pratishtha pooja in Ayodhya nears, the excitement around the Ram temple is reaching its crescendo. The cultural and historical significance of the event cannot be understated. There are not many parallels to the kind of natural experiment that we are witnessing.

Reserve Bank of India (RBI) has imposed a penalty of Rs1.20 crore on Dhanlaxmi Bank Ltd and Rs1 crore on Punjab & Sind Bank for violating rules and regulations on loans and advances, know your customer (KYC) directions and directions on interest rate on deposits.

India’s inflation rate based on the Wholesale Price Index (WPI) rose to a nine-month high of 0.73 per cent for December 2023 up from 0.26 in November, official data released on Monday showed.

While partially upholding an order passed by the state commission, the national consumer disputes redressal commission (NCDRC) directed Birla Sun Life Insurance Co Ltd (Aditya Birla Sun Life Insurance Co Ltd) to pay a Rs35.10 lakh death claim and Rs30,000 cost of litigation to the nominee of the deceased life assured (DLA).

Alkem Laboratories has reported a cyber security incident that resulted in a transfer of funds of around Rs52 crore from the company. The incident happened because the business email IDs of certain employees were compromised at one of the Companys subsidiaries.

Reserve Bank of India (RBI) has imposed a penalty of Rs35.55 lakh on Kerala-based ESAF Small Finance Bank Ltd and Tamil Nadu-based Sakthi Finance Ltd for non-compliance with the directions issued by the banking regulator.

Market regulator Securities and Exchange Board of India (SEBI) has asked stock brokers Industry Standards Forum (ISF) to lay out a framework to provide a facility for voluntary freezing or blocking the online access of the trading account to their clients due to suspicious activities. SEBI has asked the ISF to share the framework by 1st April so that it can be implemented by trading members from 1 July 2024.

Goldman Sachs’s (GS) equity research report dated 12 January 2024 has caused much excitement among the punters as it foretells a rising affluence in the country that may propel the consumption of premium goods in the coming years and lift the fortunes of the companies selling such products.