Sebi, in a consultation paper, has proposed mandatory direct payout of securities to demat accounts to ensure that securities of the clients are not vulnerable to misuse.
Cholamandalam Financial Holdings Ltd on Friday reported a 26.9 per cent growth in its consolidated profit after tax at Rs 1,143.75 crore for the March 2024 quarter, the company said. The city-based company, part of the diversified conglomerate Murugappa Group, had registered net profits of Rs 900.77 crore during the corresponding period of last year.
In the fiscal year 2023-24, 42 general insurance companies collectively earned a premium income of Rs 2,89,738 crore, marking a 13% increase from the previous year's Rs 2,56,894 crore, as reported by the General Insurance Council. Among these, 35 general insurance firms saw a 14% rise in premium income to Rs 2,45,433 crore from Rs 2,14,833 crore in the preceding year. Additionally, five standalone health insurers witnessed a 26% growth in premium income, reaching Rs 33,116 crore compared to Rs 26,244 crore in the previous year.
Even though there were initial uncertainties about their comeback to Marvel's cinematic universe, Hugh Jackman and Ryan Reynolds have stirred speculation about the future of their characters.
Kalyan Jewellers on Friday reported a 97 per cent growth in consolidated profit after tax (PAT) to Rs 137.49 crore during the March quarter. The jewellery retailer's PAT stood at Rs 69.79 crore in the year-ago period, Kalyan Jewellers said in a regulatory filing.
The Election Commission condemned Kharge's biased letter on voter turnout data, rejecting mismanagement claims. It advised private concerns to avoid confusion, highlighted voter turnout trends, and votes polled in Constituencies.
Business services provider Quess Corp on Friday reported an increase in profit after tax (PAT) to Rs 98 crore during the March quarter. The company's PAT stood at Rs 30 crore in the corresponding period of the previous fiscal, Quess Corp said in a regulatory filing.
FIRs have been registered against Congress leader Vijay Wadettiwar and Maharashtra BJP president Chandrashekhar Bawankule for alleged violations of model code of conduct during the Lok Sabha polls. Wadettiwar was accused of mentioning that then ATS chief Hemant Karkare was killed by a policeman close to the RSS, and called Ujjwal Nikam, the special prosecutor in the 26/11 trial, "anti national" for hiding this fact.
Cognizant updated its logo on social media to 'Innovate', removed it from the India website, and faced a logo trademark dispute with Atyati Technologies. The firm also introduced the Bluebolt program, yielding significant cost savings and experiencing a reduction in global employee count.
PM Modi criticizes Congress for allegedly hating Hindus, targeting Rahul Gandhi and Sam Pitroda. Various controversies around Hindu festivals, Ayodhya, and vote-jihad are highlighted in his speech in Telangana.
The Reserve Bank of India (RBI) announced on Friday that 15 Non-Banking Financial Companies (NBFCs), including Tata Capital Financial Services and Revolving Investments, have surrendered their certificates of registration for various reasons. Among these, nine NBFCs have ceased to exist as legal entities due to factors such as amalgamation, merger, dissolution, or voluntary strike-off. These nine include Tata Capital Financial Services, Tata Cleantech Capital, Naperol Investments, USG Financial Services... Читать дальше...
ABS Marine SME IPO is a fresh equity sale of 65.5 lakh shares and through the issue, the company aims to raise around Rs 96 crore. The issue, which closes on May 14, was fully subscribed on the first day of the bidding process.
The investment objective is to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF. The scheme will offer regular and direct plans both with growth and IDCW options.
Bijith Bhaskar has resigned from his position as Head of various departments including Cards, Payment Solutions, E-Commerce Ecosystem, Merchant Ecosystem, and Consumer Finance at ICICI Bank, effective May 18, 2024. The bank confirmed his resignation in an exchange filing, stating it was accepted at 14:20 p.m. Bhaskar cited personal reasons for his decision to pursue opportunities outside the bank in his resignation letter.
Six Naxalites were killed in an anti-Naxal operation in Chhattisgarh's Bijapur district. The incident occurred in a forest near Pidia village, and five bodies have been recovered. The search operation is ongoing, following a previous incident where 29 Naxalites were killed in Kanker district.
Congress' absence in Indore's poll leads to lacklustre campaigning. 'NOTA' potential record. BJP's uncontested Shankar Lalwani. NOTA supported by Congress. BJP optimistic. Press Club predicts NOTA record.
The billionaire Radhakishan Damani-promoted company has paid a stamp duty of Rs 7.03 crore for the transaction that was registered on May 6, according to documents accessed through real estate data analysis platform CRE Matrix.
Sarma rallies for BJP, aiming for 400 Lok Sabha seats to deter Congress from rebuilding Babri Masjid. He predicts PM Modi's re-election and BJP forming Odisha government. BJP's victory anticipated in Odisha polls.
The Bharatiya Janata Party (BJP) has announced Gejja Ram Valmiki as its candidate for the Fatehgarh Sahib reserve parliamentary constituency in Punjab. Valmiki, the chairman of Punjab State Safai Karamchari Commission, will contest against AAP's Gurpreet Singh GP, Congress party's Amar Singh, and Shiromani Akali Dal candidate Bikramjit Singh Khalsa. The BJP has now finalized candidates for all 13 Lok Sabha seats in Punjab, with elections scheduled for June 1. The current MP for Fatehgarh Sahib is Congress's Amar Singh.
The Indian rupee closed nearly flat on Friday, tracking subdued moves in its Asian peers and as expectations of the central bank's intervention blunted the pressure of dollar demand from local oil companies and foreign banks.
JD(S) MP Prajwal Revanna faces third rape case with explicit videos. Bengaluru FIR by Special Investigation Team, IPC sections 376(2)(N) and 506. Blue Corner notice out against him.
