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In their statement, the Sebi chief and her husband said the two consulting companies they owned - and cited by Hindenburg in its report - became immediately dormant on her appointment to the regulatory body in 2017

The earnings before interest, tax, depreciation and ammortisation (EBITDA) increased 38.4% YoY to Rs 2084 crore. On QoQ, EBITDA increased 27.8%.

Asian shares enjoy the calm before inflation test

Updated at : 2024-08-12 07:20:01

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Key for the Federal Reserve will be U.S. consumer prices on Wednesday where economists look for rises of 0.2% in both the headline and core, with the annual core slowing a tick to 3.2%.

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The resolution plan of Oberoi Constructions involves paying around Rs 273 crore to financial, operational, and other creditors. The company was admitted into the corporate insolvency resolution process (CIRP) in December 2021 with claims amounting to over Rs 748 crore.

PSU banks raise loan rates as deposit costs rise

Updated at : 2024-08-12 06:20:02

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BoB and Canara Bank have increased their lending rates by 5 basis points on six-month and one-year tenures with effect from August 12. UCO Bank, too, has raised its lending rates by 5 bps, effective from August 10. One bps is 0.01 percentage point.

The board is likely to meet over the next two weeks to decide on the payout, said one of the sources. Hindustan Zinc declined to comment. The special dividend, which translates into a payout of ₹14.2 per share for shareholders, will be in addition to the regular annual dividend.

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​​Conversely, in case of profit booking, the index might drop to levels around 23,700 or 23,400, say technical analysts. Stocks recommended by analysts for long positions include Alkem, Asian Paints, BPCL, Cipla, HDFC Bank, Hindustan Unilever, BSE, Oil India, and CEAT.

Shares of IRFC, Vodafone Idea, NMDC, Hudco, SJVN and Voltas will be in focus as the companies will announce their first quarter results today.

"The Hon’ble Supreme Court in its Order of January 3, 2024, noted that SEBI had completed twenty–two out of twenty–four investigations into the Adani group. Subsequently, one more investigation was completed in March 2024, and one remaining investigation is close to completion. During the ongoing investigation in this matter, more than 100 summons, around 1,100 letters and emails have been issued to seek information. Further, more than 100 communications have been made seeking assistance from domestic/foreign regulators and external agencies. Also, more than 300 documents containing around 12,000 pages have been examined."

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