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These are HUL, ICICI Bank, ITC, L&T, Britannia Industries, Mahindra & Mahindra, NTPC, UltraTech Cement, Coal India, Eicher Motors, and IndusInd Bank.For markets, FY23 began on a tough note as Russia’s invasion of Ukraine pushed commodity prices higher, resulting in an unprecedented rise in inflation in world economies, including India

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Sebi greenlights slew of reforms

Updated at : 2023-03-30 09:35:04

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At the Sebi board meeting, chairperson Madhabi Puri Buch declined to comment on its investigation into the Hindenburg Research report on the Adani Group. "We never comment on entity-specific matters and on top of that the matter is before the Supreme Court and we never comment on sub-judice matters," Buch said at a press conference after the board meeting.

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Azure received an extension from the NYSE until mid-July to submit an audited report for FY22, averting a possible stock delisting.

Account-to-account transfers free on UPI: NPCI

Updated at : 2023-03-30 09:35:04

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NPCI recently issued guidelines that allowed prepaid payment Instruments (PPI wallets) to be part of the interoperable UPI ecosystem.

Among the measures the market watchdog extended the MII [Market Infrastructure Institution] administered conciliation and arbitration mechanism to registered intermediaries / regulated entities and their investors / clients. It also allowed conducting proceedings in a hybrid mode along with streamlining the dispute resolution process and adoption of other measures to strengthen enforcement of awards

The stake acquisition by the promoter helped shares of Quess Corp snap their 3-day losing streak and test a 1-month high of Rs 385. The stock ended 4% higher at Rs 357.50 on the NSE.Through separate deals, a mutual fund house, foreign portfolio investor, and life insurance company sold stake in Quess Corp.Aditya Birla Sun Life Mutual Fund sold 11,36,091 shares or 0.8% stake at Rs 383.79 a share.

For the quarter ended September 2022, the company reported a revenue of Rs 53 crore, with PAT coming in at Rs 1.95 crore. The company has been profitable in FY22 and FY21 as well. A large portion of the company’s revenue is generated in utility services.

Regulator is introducing a quantitative threshold for determining ‘materiality’ of events or information

Changes were made in rules governing certification requirements for key employees of Investment Manager, transactions with associates, and option to sell unliquidated investments to a new scheme of the AIF.

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