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The Securities and Exchange Board of India (SEBI) is probing whether investments by the fund, known at the time as Reliance Mutual Fund, in perpetual bonds of Yes Bank were made as part of a deal whereby in return the lender invested in securities of Anil Ambani group companies, said two sources with direct knowledge of the matter. The sources declined to be named as the investigation is confidential.

Also, a meeting of the bank’s board of directors will be held on Tuesday, January 24, 2023, to consider, approve and take on record its financial results for the quarter and nine months ended December 31, 2022, the bank said in a BSE filing

The brokerage is of the view that management change in the US region may help it to grow stronger & achieve desired revenue mix.

JM Financial expects stock to rerate upwards aided by steady delivery on growth and return metrics.

Nykaa shares are struggling near all-time lows, with a sharp drawdown seen in valuations.

The company was originally incorporated as “Gautam Gems Private Limited” on February 18, 2014. It has been principally incorporated as a manufacturer and trader of rough and polished diamonds. It sells diamonds of multiple categories, shapes, cut, sizes and colors.

India’s valuation premium to Asian peers has come off the peak but remains well above historical average. “Since 2015, as interest rates moderated, we have seen a large P/E expansion in the Indian market and we think some more time correction is likely.

Adani Enterprises filed an offer letter with stock exchanges on Monday for a proposed Rs 20,000 crore follow-on public offer (FPO). For more such web stories click on the ET icon below

The main monitorable on that front would be the Fed pivot. Covid19 which was a part of almost all conversations in the early part of last year, is again being talked about as reviving, but hopefully doesn’t look that ominous and hence unlikely to cause serious havoc. From an India standpoint, 2023 would also be the year where we could witness few long stuck structural reforms as it’s the last year before the big 2024 General Elections. The Make in India and Atmanirbhar campaigns could see a further push.

On the technical charts, the 200-day moving average of the stock stood at Rs 956.39.