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A senior government official told ET that the EPFO was so far taking a decision to offload equity in February and had less than a month to realise the capital gains basis which it declared the rate of interest on PF deposits for the concluding year.

Reliance Retail in talks to partner UK's Fortnum

Updated at : 2022-07-13 08:50:04

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"Reliance Retail is in advanced talks with Fortnum & Mason to set up premium luxury stores in India under the Fortnum & Mason brand," one of the executives said. He said the group is exploring multiple options for India, which could include physical stores as well as an online presence in India.

MindTree, Tata Metaliks, Premier Polyfilms, International Travel House and Gujarat Hotels are among the company that will announce their quarterly earning for the quarter ended June 2022.

The banks have a higher holding of government securities, especially the ones with longer tenors, in their investment portfolios due to which the rising bond yields pose headwinds from a profitability perspective.

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As per a stock exchange filing made on Tuesday, the proposed appointment will be with effect from July 12 subject to approval of the shareholders. The company is likely to appoint the new chairman amongst these three directors in the next board meeting later this month or early next when Eveready announces its April-June quarterly earnings.

Brokers seek easier norms, urge Sebi to approach RBI

Updated at : 2022-07-13 07:55:02

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The central bank in May instructed banks that intra-day credits to stockbrokers have to be backed by a minimum margin of 50% in the form of fixed deposits and marketable securities. So, a broker needing ₹500 crore as intra-day funds must cough up at least ₹250 crore as collateral to the lending bank.

ACC, Ambuja stocks may lag after Adani's open offer

Updated at : 2022-07-13 07:55:02

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"Given the out-performance and benefits of the acquisition will be back-ended, we expect these stocks to underperform following the close of the open offer and for the discount to large-cap peers to widen," said CLSA.

RBI meets bank executives to get market pulse

Updated at : 2022-07-13 07:00:04

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This comes amid a falling rupee, which has triggered a slew of regulatory actions aimed at bringing back overseas inflows and cutting import-related dollar payments.

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"Investors are cautioned and advised not to subscribe to any scheme/ product offered by any entities offering indicative/assured/guaranteed returns in the stock market as the same is prohibited by law," the exchange said in a statement.

The regulator has directed them to pay Rs 3.80 crore, which includes interest, recovery cost, charges and expenses within 15 days.In the event of non-payment, it will recover the amount by attaching and selling their moveable and immoveable properties.They will also face attachment of their bank accounts and arrest, Sebi said.

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