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Market Ahead Podcast, July 13: Top factors that could guide markets today

Tracking the bullish sentiment in global peers, market bulls are likely to make a strong comeback on Dalal Street, early trends suggest. However, a sequential dip in industrial production in May and high June retail inflation could cap gains. India s industrial output grew 29.3 per cent in May on a low base, although the figure dipped 8 per cent sequentially. At the same time, retail inflation at 6.26 per cent remained above RBI s band for the second month in a row while it eased from 6.3 per cent in May. That apart, stock-specific activity is likely to remain high amid Q1 earnings season. At 7 am, Nifty futures on SGX traded 112 points higher at 15,800.

PNB Housing Finance-Carlyle deal: Sebi questions directors role

PNB Housing Finance-Carlyle deal: Sebi questions directors’ role SECTIONS Share Agencies The PNB Housing board had approved the allotment in May as part of an exercise to raise ₹4,000 crore, with Carlyle becoming a majority owner. Related Mumbai: The Securities and Exchange Board of India (Sebi) has questioned the role played by the directors of PNB Housing Finance in the planned preferential allotment of shares to the Carlyle Group, in a letter sent late last month. “On the basis of material available on record, it is evident that the company has failed to comply with the principles governing disclosures and obligations of a listed entity,” Sebi said in a June 25 letter to the company. ET has seen a copy of the note. “Keeping in view the aforesaid apparent transgression of the law, the company and the board of directors are called to explain as to why it cannot be construed that the directors have failed to discharge responsibility cast upon them in law and conse

PNB Housing Finance-Carlyle Deal: SEBI Raises Issue of Corporate Governance In New Letter

PNB Housing Finance-Carlyle Deal: SEBI Raises Issue of Corporate Governance In New Letter
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