Page 42 - Ortfolio Allocation News Today

Market regulator Securities Exchange Board of India (SEBI) has imposed a fine of Rs2 lakh on Pradeep K Srivastava, compliance officer of Kwality Ltd, for failing to monitor and report insider trading by promoter, directors and designated persons in the Company scrip.

IRB InvIT Fund Ltd (IRB) is India’s first infrastructure investment trust (InvIT) that got listed on the stock exchanges. The trust owns and operates a portfolio of five toll road assets: Talegaon - Amravati (NH 6), Jaipur - Deoli (NH 12), Tumkur - Chitradurga (NH 4), Omalur - Salem - Namakkal (NH 7) and Amritsar - Pathankot (NH 15) in Maharashtra, Rajasthan, Karnataka, Tamil Nadu and Punjab, respectively

Holding chartered accountant (CA) Anil Chauhan and his firm Anil Chauhan & Associates guilty of professional misconduct while performing the statutory audit of Seya Industries Ltd (SIL) financial year (FY)18-19, FY19-20, the national financial reporting authority (NFRA) imposed a penalty of Rs20 lakh on the CA, while barring, for ten years, him and his firm from being appointed as an auditor or internal auditor or from undertaking any audit.

The US Securities and Exchange Commission (SEC) has finally approved a number of spot Bitcoin exchange-traded product (ETP) shares and with the decision, the worlds largest cryptocurrency has joined the global financial system.

That the drinking water contamination in Mahabaleshwar is due to horse excreta entering Venna lake has been established by the Gokhale Institute of Politics and Economics (GIPE) in its health risk assessment research report, which mentions seven contagious diseases caused by animal waste; all of which are present in the patients’ medical records of the Red Cross Hospital (RCH), Mahabaleshwar and private clinics.

Upholding an order passed by the state commission for deficiency in service, the national consumer disputes redressal commission (NCDRC) directed Life Insurance Corporation of India (LIC) to pay Rs1.50 lakh for damages and Rs21,000 for appeal expenses to a consumer. In this case, LIC agent had changed the policy amount, plan, tenure and premium period.

Entering its impressive 17th year, our enduring Wealth Creators’ series is set to captivate once again. As usual, we will scrutinise stocks and sectors, evaluating companies that have yielded the highest returns for investors in the past decade.

The US Securities and Exchange Commission (SEC) saw its X account hacked for a brief time, with a post claiming it has approved listings for Bitcoin exchange-traded funds (ETFs).

Investors around the world are warning governments over “unmoored” levels of public debt, saying that excessive pre-election borrowing promises risk sparking a bond market backlash, media reports said.

While it would seem a bit too exaggerated that any government authority would promptly act upon a research study report, in the case of the Mahabaleshwar drinking water contamination issue, the project was proposed by the Mahabaleshwar Municipal Council to the Gokhale Institute of Politics and Economics and hence the latter’s findings are being apparently taken seriously.