Page 8 - Ortfolio Allocation News Today

Budget airline SpiceJet and Celestial Aviation, a subsidiary of AerCap, one of the largest aircraft lessor groups have mutually settled their Rs 250 crore dispute through amicable negotiations, the company said on Wednesday.

The Delhi High Court has granted a dynamic injunction in favour of Star India, restraining 21 rogue websites from illegally streaming its copyrighted content, including TV shows and movies aired on STAR channels and Disney+Hotstar.

On Wednesday, 881 stocks advanced, 2963 declined and 77 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 0.29, indicating negative closing of stocks in broader markets.

Recent governance issues with well-funded and

Reserve Bank of India (RBI) has imposed a Rs82 lakh penalty on City Union Bank Ltd and Ocean Capital Market Ltd, a non-banking financial company (NBFC), for violating various rules and regulations.

Finance Minister Nirmala Sitharaman on Monday held a meeting with the heads of several fintech companies and startups during which she emphasised the need for strict adherence to official regulations and giving paramount importance to the protection of consumer interests, a senior official confirmed.

Shree Cement has received an assessment order against the demand of Rs 261.88 crore from the Income Tax department.

The current total order-book for this small company is Rs1,027 crore, with the higher margin defence segment comprising the majority, at Rs889 crore, accounting for 87% of the total order-book.

Leading financial services company Paytm said on Monday that its founder and CEO Vijay Shekhar Sharma has stepped down as Non-Executive Chairman and Board Member of Paytm Payments Bank Ltd (PPBL), as the Reserve Bank of India (RBI) ban on the banks operations inches closer.

Byju’s is set to go down as the most spectacular corporate flameout. Little more than a year ago, India boasted five decacorns, an elite group of only 47 start-ups around the world valued at US$10bn (billion). Of these, the most valuable Indian decacorn was Byju’s.