Page 5 - Ortfolio Allocation News Today

SRM Contractors Ltd (SRM) is engaged in various civil construction works in the Union Territories of Jammu & Kashmir (J&K) and Ladakh. It undertakes construction works as an engineering, procurement & construction (EPC) contractor and on an item-rate basis for infrastructure projects.

As an investor, you are always on the lookout for smart investment options that can help you build wealth and secure your financial future.

On Tuesday, 1414 stocks advanced, 2545 declined and 141 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 0.55 indicating negative closing of stocks in broader markets.

Coming down heavily on Mumbai-based Avitel Post Studioz Ltd, the Supreme Court emphasised the need for early enforcement of the foreign award by the Singapore International Arbitration Centre (SIAC) without showing any further indulgence to Avitel Post Studioz, the award debtors.

The provisional figures of direct tax collections for the Financial Year 2023-24 as on March 17, 2024, show that net collections were at Rs 18,90,259 crore as compared to Rs 15,76,776 crore in the corresponding period of the preceding financial year (FY 2022-23, representing an increase of 19.88 per cent, the Income Tax Department said.

Overall public equity fundraising increased by a huge 142 per cent to Rs 1.86 lakh crore in 2023-24 from Rs 76,911 crore in 2022-23.

Market regulator Securities and Exchange Board of India (SEBI) has issued an administrative warning to ICICI Securities Ltd in connection with the inspection carried out for stock broking activities of the brokerage.

KISL is one of India’s leading integrated facilities management services companies, with a focus on healthcare, education, public administration (state government entities, municipal bodies, and other government offices), airports, railways, and metro infrastructure, as well as retail sectors.

Ahmedabad-based high net-worth individual (NHI) investor Seetha Kumari has won an arbitral award worth Rs33.64 crore against Bajaj Finance Ltd for breach of contract and selling her pledged shares at a low price, says a report from Economic Times. The arbitration award would affect the dealing between brokers and investors regarding loans against securities (LAS) and share pledges.

The order pipeline in the smart meter industry is huge. The Government of India had maintained a target of 30 crore smart meters and almost 50% of the tenders are floated, out of which 10 crore smart meters have been decided and around 4-5 crore smart meters are in the pipeline for the next two to six months.