#BSE

Banks have recovered approximately Rs 13k cr from asset sale of defaulters like Nirav Modi, Vijay Mallya: FM Nirmala Sitharaman

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Union Finance Minister Nirmala Sitharaman on Monday informed how banks have collected roughly Rs 13,109 crore from asset sales of defaulters such as fugitive diamantaire Nirav Modi, Mehul Choksi, and erstwhile liquor baron Vijay Mallya. The assets were seized by the Enforcement Directorate in accordance with the Anti-Money Laundering Act (PMLA). The Finance Minister further informed today … Read more

Reserve Bank of India steps in, says RBL Bank health status ‘stable’ after shares tank 25% following central bank’s action over weekend

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The Reserve Bank of India (RBI) has assured investors that the RBL Bank is well capitalised and the financial position of the bank remains satisfactory. The statement from the central bank came after the share price fell nearly 25% on Monday morning early trade following the weekend action by the central bank. At 11:33 am, the stock was trading … Read more

Mamaearth co-founder Ghazal Alagh refutes charges that the company’s IPO is overvalued, says DRHP doesn’t mention valuation

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On Wednesday 4th January 2024, personal care brand Mamaearth’s co-founder took to Twitter to respond to rumours that the company’s proposed IPO is highly overvalued. After Mamaearth owner Honasa Consumer filed the Draft Red Herring Prospectus (DRHP) to the market regulator Securities and Exchange Board of India (SEBI) for raising capital through an IPO, it is … Read more

Adani Group canceled its 20,000 crore FPO, but what is an FPO: Here are the details

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Recently, Adani Group announced the withdrawal of its fully subscribed FPO. Calling it a morally correct step, Gautam Adani said in a statement that the board took the decision considering the volatility of the market. The money that got locked in the subscribers’ accounts will be released soon via escrow. In the statement, there were several technical terms that … Read more

SEBI bans 45 individuals, companies from stock market owing to a YouTube scam, list includes actor Arshad Warsi and wife Maria: Full details

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On Thursday, the Securities and Exchange Board of India (SEBI) banned Bollywood actor Arshad Warsi and his wife Maria among 45 individuals and companies from participating in the securities market. The decision was rendered following an examination into claims that two firms, Sharpline Broadcast Ltd. and Sadhna Broadcast Ltd., through specific entities, had manipulated share … Read more

Sensex crosses 75000 mark, was at 25000 when Modi govt came to power in 2014: How 10 years of Modi rule has been a boon for the stock market

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In historic development on the 9th of April, the Sensex crossed the 75,000 points mark for the first time and the Nifty 50 opened above a new record high of 22,700 mark. Up 382 points or 0.5%, the BSE Sensex opened at its all-time high of 75,124.28. In keeping with this, the Nifty 50 opened at 22,768.40 as opposed … Read more