Leader of Opposition Rahul Gandhi visited a garments factory and home-based tailoring units to interact with people engaged in the business, in Ballari during Bharat Jodo padayatra in October 2022. | Photo Credit: Special Arrangement Political uncertainty in Bangladesh has created an opportunity to bolster the jeans industry in Ballari, a traditional hub for the … Read more
Market regulator Securities and Exchange Board of India (Sebi) on Thursday barred Ketan Parekh and Singapore-based trader Rohit Salgaocar from accessing the Indian capital markets after finding them involved in a front-running scam. In an interim order, the regulator further directed impounding of an amount of Rs 65.77 crore from Parekh, Salgaocar and 20 other … Read more
“Also, in the current market context where we see that where there is some amount of weakness which is there, the large groups they are better placed to manage the slowdown because of the diversification of cash flows what they have from different businesses, they have a better control in terms of cash flows which … Read more
Capital markets regulator Sebi has directed Mishtann Foods to bring back nearly Rs 100 crore, an amount the company allegedly misappropriated through dubious transactions with related parties. The regulator, in its extensive investigation, found that the company has transferred the fund among promoters, directors, and their relatives under the guise of legitimate trade activities. The … Read more
“So, you should be prepared for some disappointments going ahead as well. So, that will keep the market in a tight band. If you look at the overall index level, I do not think you can see a breakout in the near term,” says Madanagopal Ramu, Head Equities & Fund Manager, Sundaram Alternates. Well, overall, … Read more
Markets regulator Sebi on Wednesday proposed allowing Associations of Persons (AOPs) to open demat accounts in their name to hold certain securities, excluding equity shares. The proposal if implemented would promote ease of doing business and encourage the shift from physical to electronic holdings of securities. In its consultation paper, Sebi has proposed amending its … Read more
Shares of Sudarshan Chemical Industries hit a 20% upper circuit at Rs 1,207.50 on Friday following the announcement of its acquisition of Germany-based world’s second biggest pigment company Heubach Group through an asset and share deal. Heubach GmbH, filed for bankruptcy in Germany in April. In a stock exchange disclosure, Sudarshan Chemical stated that it … Read more
Jamsetji Tata, J.R.D Tata and Ratan Tata. File photo Ratan Tata who ran the Tata Group for more than 20 years as chairman leaves behind a legacy marked by leadership and social commitment. RNT as he was called in the Tata Group, was chosen as J.R.D Tata’s successor in 1990. Also read | Ratan Tata … Read more
A file photo of industrialist Ratan Tata with Andhra Pradesh CM N. Chandrababu Naidu. | Photo Credit: Special Arrangement Expressing condolence on the death of Ratan Tata, Chief Minister N. Chandrababu Naidu on Thursday (October 10, 2024) said in his message on ‘ X` that few men have left such an enduring imprint on this … Read more
Bengaluru Airport City Limited (BACL) has initiated plans for the development of a business park at the airport city on the Kempegowda International Airport (KIA) premises. BACL which was founded to develop the airport city has issued a request for proposal (RFP) seeking the services of a company for carrying out excavation work for the … Read more