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The Securities and Exchange Board of India has fined Jai Anmol Ambani, son of Anil Ambani, Rs 1 crore for alleged irregularities in Reliance Home Finance. Sebi claims he failed to exercise due diligence in lending practices and approved unsecured loans. Last month, Sebi also barred Anil Ambani from the securities market for five years.
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Since JP Morgan announced the inclusion of Indian sovereign bonds in its global debt indices, foreign investors have injected 1.5 lakh crore into the local market. The Federal Reserve's recent rate cut may further boost these inflows, enhancing interest in Indian assets due to favorable economic fundamentals and a wider rate differential.
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Stocks in news: Domestic markets started the week positively, gaining nearly half a percent. Key stocks in focus include Reliance Power, Coal India, AstraZeneca India, PNB, and Power Grid due to various developments such as equity issuance, joint ventures, and regulatory approvals.
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