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The Supreme Court dismissed SEBIs appeals against penalties on Reliance Industries and its promoters, which were quashed by the Securities Appellate Tribunal (SAT). However, the court agreed to hear Reliances cross-appeal regarding the price manipulation case involving RPL shares
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News and Media
Bandhan Bank and other small finance banks that transitioned from microfinance faced higher slippages in Q2. Despite efforts to reduce micro-ticket lending and increase secured portfolios, 75-80% of fresh slippages originated from the microfinance business
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News and Media
India has experienced significant growth in intellectual property filings, with patents and industrial design filings doubling and trademarks increasing by 60% between 2018 and 2023. This surge has propelled India to 6th globally in patent filings, driven by a rise in resident innovation, according to the commerce and industry ministry.
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News and Media
The National Highway Traffic Safety Administration (NHTSA) is investigating engine failures in 1.4 million Honda and Acura vehicles. The issue, involving connecting rod bearings in 3.5-liter V6 engines, can lead to complete engine failure. While Honda recalled 250,000 vehicles in 2023, the NHTSA received 173 complaints from owners whose vehicles were not included in the recall, prompting this investigation.
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News and Media
Markets regulator Sebi on Monday asked qualified stock brokers to offer either the facility of trading in the secondary market using the UPI-based block mechanism to their clients similar to the ASBA facility or a three-in-one trading account facility from February 1. These qualified stock brokers brokers (QSBs) must offer one of these two options, in addition to the current mode of trading.
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News and Media
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