Sebi has barred former IndusInd Bank CEO Sumant Kathpalia and four other senior officials from accessing securities markets due to alleged insider trading. They are accused of trading on unpublished price-sensitive information related to discrepancies in the bank’s derivative portfolio.…
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ITC shares plunged over 3% after British American Tobacco (BAT) divested a 2.5% stake in the company for Rs 12,927 crore. The stock settled at Rs 420.10 on the BSE, with the company’s market valuation declining by Rs 17,269.48 crore.…
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The secretary said MSMEs need to be more proactive in sharing their problems and asked the industry to demand new standards as well as participate in formulation of these quality norms.
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Myntra secured Rs 1,062.5 crore ($124 million) funding from parent FK Myntra Holdings amid its expansion to Singapore. The firm launched Myntra Global to serve the Indian diaspora, turning profitable in FY24 with Rs 31 crore net profit. It is…
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IndiGo appointed Vikram Singh Mehta as its new chairman, succeeding Venkataramani Sumantran. Mehta, an existing board member, brings experience from Shell and board roles at Colgate Palmolive India, Mahindra & Mahindra, and Larsen & Toubro. Sumantran had served as chairman…
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The Indian stock market closed in the red on Wednesday for the second consecutive day amid prevailing premium valuations and mixed global cues.
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