Sebi has barred Man Industries and three senior executives, including its chairman, from the securities market for two years. This action follows alleged diversion of funds to subsidiaries and misrepresentation of financials. A forensic audit revealed non-disclosure of related party transactions and material events, alongside fund rotation.Read More

MAS Financial Services stock declined ten percent over two months. Its June quarter net profit rose slower despite higher interest income. Asset quality showed a slight dip. The company projects twenty to twenty-five percent AUM growth this fiscal year. It also expects improved disbursements in the second half.Read More

SBI’s credit card business experienced a significant post-Covid surge, driven by its youth-focused expansion. HDFC Bank maintained its dominant position in both card issuance and transaction value. Conversely, Standard Chartered Bank faced a sharp decline in both the volume and value of its credit card operations.Read More

Markets saw volatility but ended flat after a recent slide. L&T secured a $700 million facility. M&M sold its Sampo Rosenlew stake. Premier Energies won $19.95 million solar contracts. Reliance Power sold Indonesian coal entities. BEL secured Rs 1092 crore orders. IRFC inked two loan agreements. Tata Motors faced a rating downgrade. Godrej Agrovet received...Read More

Indian equities closed flat on Monday amidst mixed global cues and ahead of RBI’s MPC decision, with analysts expecting near-term consolidation. Foreign portfolio investors net sold shares worth Rs 2,831 crore. The rupee hit an all-time closing low of 88.79 against the US dollar due to persistent foreign capital outflows and risk-off sentiments.Read More

Tata Capital’s ₹15,512-crore IPO is priced at ₹310-326 per share, a significant discount to its unlisted market price of ₹735. This has disappointed investors who bought unlisted shares at much higher valuations, expecting robust listing gains. Experts caution that unlisted market prices are often speculative and do not reflect final IPO valuations, a trend observed...Read More

Gold and silver prices reached new highs in India on Monday. Global appetite and geopolitical risks fueled this surge. Physical market sentiment was affected. Experts predict a time correction before further upward rally. Domestic prices may see 3-4% upside for gold and 7-8% for silver by year-end. Demand is expected to rise during Dussehra.Read More

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India’s market regulator barred Man Industries and three of its top executives, including the chairman, from accessing the securities markets for two years over alleged fund diversion, according to an order issued on Monday.Read More

Bonbloc Technologies, which builds SaaS solutions using Blockchain, IoT, and Data Science, has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO).Read More