BUSINESS
Sebi fines RIL, Mukesh Ambani for alleged manipulative trading
The regulatory order of Friday said that between October and November 2007, ‘RIL admittedly appointed 12 agents’ to undertake transactions in RPL derivative contracts on its behalf. During November 2007, these 12 agents took short positions in the derivatives segment on behalf of RIL, while the company traded in RPL shares in cash segment.
Hero MotoCorp logs over 5% growth in December 2020 sales
The company sold 447,335 units of motorcycles and scooters last month from an off-take of 424,845 units during the corresponding month of the previous year. Besides, the Hero MotoCorp clocked "its best ever third quarter" with 18.45 lakh units sold during the October-December period.
Hyundai Motor India's overall Dec sales up 33.14%
Similarly, the company's domestic sales rose during the month under review. It edged higher by 24.89 per cent to 47,400 units from 37,953 units sold during the corresponding month of the previous year. Besides, exports increased by 58.84 per cent to 19,350 units from 12,182 units shipped out during December 2019.
India's foreign exchange reserves slip by $290 mn
India's forex reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the country's reserve position with the International Monetary Fund (IMF). On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $253 million to $537.474 billion.
Bajaj Auto's market capitalisation crosses Rs 1 lakh crore
At present, the company's brands like Pulsar, Boxer, Platina and RE are being sold in over 70 countries around the world. Recently, it announced a major investment of Rs 650 crore in a fourth plant to be built in Chakan, Maharashtra for premium range of motorcycles and electric two-wheelers.
Zomato clocked GMV of Rs 75 cr on New Year's Eve
This is despite the fact that the platform could not process all the orders that it received on New Year's Eve as the platform saw a massive spike in demand on the day as people by and large kept indoors while bidding adieu to the Covid-hit year. "Yesterday, we clocked 60 per cent more GMV than last new year's eve. That's GMV of Rs 75 crores in one single day, with peak orders per minute (OPM) rate of 4,254," Zomato CEO Deepinder Goyal said in a tweet.
New York Stock Exchange starts delisting 3 Chinese telco giants
The decision to delist the three Chinese companies was taken in order to comply with an executive order signed by US President Donald Trump on November 12, NYSE said on Thursday. The order targets companies believed to be affiliated with China's military.
International Financial Services Centres Authority joins International Organization of Securities Commissions
IOSCO is the international organisation that brings together the world's securities regulators, covering more than 95 per cent of the world's securities markets, and it also sets the global standard for the securities sector. The organisation also works closely with the G20 and the Financial Stability Board (FSB) in setting up the standards for strengthening the securities markets. The IOSCO Objectives and Principles of Securities Regulation have been endorsed by FSB as one of the key standards for sound financial systems.
December GST collection hits record high, crosses Rs 1.15 lakh crore
Out of the total GST revenue collection of Rs 1,15,174 crore, Central GST (CGST) was Rs 21,365 crore, State GST (SGST) was Rs 27,804 crore, Integrated GST (IGST) was Rs 57,426 crore (including Rs 27,050 crore collected on import of goods), said a Finance Ministry statement.
Maruti Suzuki's December 2020 sales up 20%
The company sold 1,60,226 units of vehicles last month, against 1,33,296 units sold in December 2019. On a sequential basis, the company sold 1,53,223 units of vehicles in November 2020. Maruti Suzuki India Limited posted total sales of 1,60,226 units in December 2020. This is a growth of 20.2 per cent over December 2019, the automobile manufacturer said in a statement.
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