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But as far as the Indian markets are concerned, it is an extremely strong market, minus the fact that the US could be going into a slowdown and it is difficult to kind of gauge the extent of the slowdown as yet but it is certainly going into a slowdown and which is going to trigger interest rate cuts from the Federal Reserve. So, minus that concern which will probably impact global-facing sectors, India is in a bull market, stay invested in India.

Sebi (Investment Advisers) norms specify the eligibility conditions for registration, obligations and responsibilities and procedure for action in case of default, Minister of State for Finance Pankaj Chaudhary in a written reply to Rajya Sabha.

Concerns about a U.S. economic slowdown and the unwinding of carry trades that used the Chinese yuan to fund long bets on the rupee have pressured the local currency this week.

State-owned power giant NTPC will seek shareholders approval to raise up to Rs 12,000 crore through issuance of Non-Convertible Debentures (NCDs/bonds) on a private placement basis in its annual general meeting on August 29.

Among Sensex stocks, HDFC Bank, Bharti Airtel, SBI, ICICI Bank, Axis Bank, and Bajaj Finance were the main drags on the index. In contrast, L&T, Reliance Industries, HUL, and HCL Tech ended in positive territory. Sector-wise, Nifty Financial Services and PSU Bank closed over 1% each. Nifty Auto, Healthcare, Consumer Durables, and Oil & Gas also ended in the red. In the broader market, Nifty Midacap100 and Nifty Smallcap100 fell 0.4% and 0.6%, respectively.

A total of 9,499 shares changed hands on the counter till 02:00PM (IST)

As of 30-Jun-2024, promoters held 46.7 per cent stake in the company, while FIIs held 19.32 per cent and domestic institutional investors had 16.23 per cent.

See, the process is that shortlisted bidders who have been considered fit and proper from the RBI, they will be sort of doing the due diligence process under the non-disclosure undertaking, that means a deeper analysis on the banks and other things following which after the documentation and the draft terms and conditions are agreed upon, then only the financial biddings will be sought from the shortlisted bidders.

The stock quoted a 52-week high of Rs 690.95 and a 52-week low of Rs 486.75.

​​ I think Department of Financial Services is quite looking into a lot of issues and their value creation and how their performance can be improved in the other three general insurance companies. As regards GIC, it is fairly strong at the moment and continue to move forward.