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Sebi has levied a 25 lakh penalty on Multi Commodity Exchange of India (MCX) due to insufficient disclosures concerning payments made to 63 Moons Technologies for software services. The regulator found lapses in disclosing payments related to the trading software contract. MCX is required to pay the fine within 45 days, as per Sebi's order.
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Analysts predict significant growth for select stocks, with potential returns ranging from 15% to 57%. Aurum Proptech is expected to benefit from the expanding proptech sector, while Radico Khaitan aims to increase its premium whisky market share. GMR Airports anticipates EBITDA growth, and GE Vernova T&D India foresees strong demand and earnings growth.
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Eternal's shares declined 4.5% due to the company's decision to limit foreign shareholding to 49.5%, potentially triggering significant selling by overseas passive funds. Nuvama Alternative & Quantitative Research estimates outflows ranging from $820 million to $1.3 billion as MSCI and FTSE benchmarks reduce the stock's weightage. This shift stems from Eternal's move to become an Indian Owned & Controlled Company.
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