BUSINESS
Ambuja Cements' Shares Rise Following Rs 4,198 Crore Stake Sale by Promoter Entity
Holderness Investments Ltd, a company owned by billionaire Gautam Adani and his family, is said to have offloaded 2.84 per cent of its equity, making the deal size close to about Rs 4,197.8 crore based on the floor price.
SEBI Imposes Five-Year Ban on Anil Ambani and 24 Others from Capital Market
Has slapped a fine of Rs 25 crore on Anil Ambani and barred him from associating with the securities market, including as a director or key managerial personnel in any listed company, or any intermediary registered with the market regulator, for five years. Besides, the regulator barred Reliance Home Finance Ltd from the securities market for six months with a fine of Rs 6 lakh.
Sensex and Nifty Hold Steady as Global Cues Remain Mixed
Broader market trends remained positive. In the National Stock Exchange (NSE), 1,122 shares were in the green and 1,083 shares in the red.
Indian economy is on upswing, says Finance Ministry
"The month saw impressive milestones being reached, substantial growth in GST collections, and a significant rise in e-way bill generation, pointing to an overall increase in economic activity. The stock market indices also reached record highs in July," it states. On balance, India's economic momentum remains intact.
Delhi HC Orders Arbitration for Dispute Between BharatPe and Ashneer Grover
In the plea, through D.P. Singh and Deepak Gupta, the fintech company has contended that Grover has been disclosing BharatPe's confidential information on social media platforms in brazen violation of the employment agreement.
Paytm Shares Surge 2% Following Sale of Entertainment Ticketing Division to Zomato
On the BSE, the scrip traded 2.09% up at Rs 585.05 per share. On the NSE, the stock was trading at Rs 584.50 per share, up by 1.82%. It touched a high of Rs 604.70 during the day, up by over 5%, on the NSE; on BSE, it touched Rs 604.45.
Sensex Rises on Positive Global Market Signals
IT and FMCG stocks found buying interest from the opening. The Nifty IT index was up by 0.42 percent, Nifty FMCG by 0.48 percent.
EPFO Adds 19.29 Lakh Members in June Amid Employment Growth
Data shows that new enrollments for the month of June 2024 have taken place and stand at about 10.25 lakh. As compared to the previous month, May 2024, it added 4.08 percent of new members, while as compared to the same month last year in June 2023, it went up by 1.05 percent.
FM Sitharaman Urges Income Tax Department to Adopt Fair and Approachable Practices
“Let the experience of filing tax return on the first day be as good as filing it on the last day. We have to ensure that threatening language in tax notices and messages is avoided,” FM Sitharaman said.
RBI Governor Urges Banks to Address Disparity Between Credit and Deposit Growth
He further advised banks to 'keep a hawk's eye' on this issue and warned that though there is no immediate problem, it could evolve into a structural liquidity issue if not addressed. He drew attention to the tracking of changes in the investment preference of young aspirational Indians shifting out of traditional deposits to other investment options—a trend that while manageable now could prove to be a problem in terms of future liquidity.
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