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market rally: ETMarkets Smart Talk: Banks, cement, Infra among 7 themes that could lead next leg of rally: Jiten Parmar

According to Jiten Parmar of Aurum Capital, sectors such as banking, cement, infrastructure, paper, sugar, power, and chemicals still offer reasonable valuations. He remains constructive on the medium to long-term prospects of the Indian economy, citing robust tax collections and the formalization of the economy. However, Parmar warns of immediate challenges including the global economic slowdown, rising crude prices, and adverse outcomes from upcoming state and general elections. He advises investors to focus on individual companies, their valuations, and growth prospects. ....

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Sebi: Sebi urges civic bodies to fund infra via bonds

According to sources, Sebi held a two-day outreach programme on municipal bonds and financing during October 3-4 at Jaipur with officials from the ministry of housing and urban affairs, the finance ministry, municipal corporations, stock exchanges, credit rating firms, merchant bankers, debenture trustees, lawyers, and institutional investors. ....

Ashwani Bhatia , Baldeo Purushartha , Exchange Board Of India Sebi , Exchange Board , Debt Market ,

NFRA levies Rs 15 lakh fine on two auditors for lapses in Lexus Granito India audit

In its order on Wednesday, the regulator found that Lexus Granito India Ltd (LGIL) had unilaterally written back substantial amounts of its liabilities and treated them as other income, which resulted in overstatement of profits by Rs 2.31 crore in 2017-18, and an understatement of losses by Rs 5.89 crore in 2018-19 and Rs 3.15 crore in 2019-20. ....

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