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Reliance Industries had last year announced the demerger of its financial services business into a separate entity and subsequent listing it on the stock exchanges

The leading vaccine maker is working with Bank of America on the demerger process, said the people cited above. About 60% of Sanofi India is owned by Sanofi and wholly owned subsidiary Hoechst Gmbh. The rest is held by foreign and domestic institutional investors along with retail investors.

Following this, IL&FS submitted the fit and proper declarations for financial years 2022, 2021, 2020 and 2019 to MSEI and also paid the settlement amount Rs 13.65 lakh. Accordingly, it settled the case with Sebi.

According to the new rules that come into effect from April 1, mutual funds with less than 35% investment in equities will be taxed short-term capital gains (STCG) based on income tax slab levels, similar to how bank fixed deposits are taxed.

Morgan Stanley has reduced active risk to zero from (-)50 bps, earlier. The overall score stands at 22, according to this report. Chile is another country which has been given an Equal-weight rating by Morgan Stanley.

Ruchit Jain, Lead Research, 5paisa.com says the market will pick up directional moves in such a direction in the April series. 17,200 would be the crucial resistance that we would watch out for. Once we get a breakout above 17,200, it would be clear that the April series would turn out to be a positive one.

The high optimism growth stocks include Avenue Supermart, Siemens, Pidilite Industries, Nestle India, Page Industries, Tata Consumer Products, Hindustan Unilever, Britannia Industries, Thermax and Kotak Mahindra Bank.

Nifty at the close settled at 17,080 points, up 0.76%, while broader markets outperformed the headline indices. Top stock recommendations for Friday.

“One will have to wait for the fine prints of the amendment, to see how SEBI introduces the quantitative thresholds for determining ‘materiality’ of events / information,” he further said.

Shares of companies will likely trade ex-dividend a day or two before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. An ex-dividend date also dictates which shareholders are eligible to receive the dividend payment.