Read more about APL Apollo Tubes promoter sells company s shares worth Rs 289 crore on Business Standard. APL Infrastructure Pvt Ltd on Tuesday offloaded 30 lakh shares of APL Apollo Tubes worth a little over Rs 289 crore through an open market transaction
Xchanging Technology Services India on Tuesday settled with Sebi a case of alleged violation of takeover norms in relation to XChanging Solutions Ltd after paying Rs 65.24 lakh as settlement charges. The settlement order came after the company filed an application with the regulator proposing to settle the matter without admitting and denying the alleged violations. According to the three-page order, the applicant also agreed to pay the differential amount in case there is an adverse outcome related to an appeal pending before the Securities Appellate Tribunal (SAT). In May 2016, a merger agreement was entered into between Hewlett Packard Enterprise (HPE), Computer Sciences Corporation (CSC) and DXC Technology Company. The transactions contemplated under the agreement were completed in April 2017.
Markets regulator Sebi on Monday barred Capitalaim Financial Advisory Pvt Ltd and five individuals from accessing securities market for selling services to clients without consideration of their financial position, investment objective and risk profiling. The individuals who have been barred are the company s present and former directors Abhijeet Bajpai, Anant Tiwari, Debabrata Bhattacharjee, Sheetal Foujdar and Abhilasha Verma. As per an interim order of Sebi, Capitalaim and its present directors Bajpai and Tiwari are directed to cease and desist from acting as an investment advisor. Besides, they have been directed not to divert any funds raised from the investors. Also, the regulator has directed them to immediately withdraw and remove all advertisements, representations, communications in relation to its investment advisory activity or any other activity in the securities market.
Tata Consultancy Services on Monday surpassed Reliance Industries Ltd to become the country s most valued firm by market capitalisation. During the afternoon trade, the market valuation of Tata Consultancy Services (TCS) was at Rs 12,45,341.44 crore while that of Reliance Industries Ltd (RIL) was at Rs 12,42,593.78 crore on the BSE. Shares of RIL declined 4.84 per cent to Rs 1,950.30 on the BSE after its earnings failed to cheer investors. In contrast, TCS gained 1.26 per cent to touch its one-year high of Rs 3,345.25.
Tata Consultancy Services had in March last year also reclaimed the status of the country s most valued firm by market valuation.
Read more about Lower fees structure for investment advisors to kick in from April 1: Sebi on Business Standard. This applies to filing application and registration for individuals and corporates seeking a registered investment advisor status