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The shares were sold at an average price of Rs 2,306.18 apiece, taking the transaction value to Rs 427.99 crore.However, the buyer(s) of the shares could not be ascertained.As of the June quarter, Great Terrain Investment Ltd held a 23.74 per cent stake in CAMS, a shareholding pattern showed.CAMS shares fell by 5.48 per cent to close at Rs 2,250.10 on BSE.

"Sebi has framed a Settlement Scheme (Scheme, 2022) for the entities against whom proceedings have been initiated and are pending before any forum or authority, viz. Courts/SAT, Adjudicating Officer or Recovery Officer (provided an appeal has been filed and the same is pending before the SAT/Court," the notice mentioned.

Sebi joins RBI's account aggregator ecosystem

Updated at : 2022-08-19 20:30:01

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Account aggregator or AA is an RBI-regulated non-banking finance company (NBFC) that facilitates the collection of the financial information pertaining to a customer from financial information providers on the basis of the consent of the customer.AA facilitates consolidation, organisation, and presentation of the financial information to the customer or FIU based on the explicit consent of the customer.

Dow sheds over 200 points on rate hike concerns

Updated at : 2022-08-19 20:30:01

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The S&P fell 0.62%, while the Dow Jones Industrial Average dipped 207 points, or 0.61%. Nasdaq 100 futures slid 0.95%.

"At this point, the only solace for bulls is the fact that some buying emerged as the index entered into the bullish gap area present between 17,764 and 17,724 levels, registered on August 14, which was defended at least on a closing basis. Therefore, if the bulls fail to defend 17,710 levels in the ensuing week, more weakness is likely," he said.

“API and CRAMS have at least five to seven years of very good growth and high margin continuing overall. Some of these companies are dirt cheap when compared to the potential that is there in the segment and we are still getting some of these companies at 10, 11, 12 times current year earnings.”

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The Nifty Realty index was trading 0.46 per cent down at 457.25.

“Most of the financial analysts using their models, see Rs 1,000-crore profit coming through in four-five years and so it does not matter whether the profits happen in one quarter or the next, what matters is that it will happen four-five years later. In most interest businesses, once they break even, growth and profits happen quite rapidly and that has happened the world over and the reason that happens is because they have high gross margins.”

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"Signs of inflation cooling off, prospects of oil staying lower due to cooling global demand and China slowdown and manageable deficits are factors that will encourage inflows to likely continue in the near term," said Kunal Sodhani, vice president of the global trading center at Shinhan Bank.

The group, led by Asia’s richest person Gautam Adani, is set to make an offer to buy 26% of Ambuja Cements Ltd. for Rs 385 per share and the same stake for Rs 2,300 per share of ACC Ltd. after getting a nod from Securities & Exchange Board of India, said people familiar with the development, who did not want to be identified as the information is not public.

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