Fino Payments Bank has settled a securities law violation case with Sebi for ₹5.8 lakh. The bank failed to promptly disclose material events concerning employee fraud, despite receiving an investigation report. Sebi noted the significant impact on the company’s share price due to the delayed and incomplete disclosures.Read More
Indian markets surged over half a percent, buoyed by strong domestic and global factors. The Nifty is poised to test higher levels, with analysts favoring PSU banks, oil marketing companies, and defense stocks. Several companies like Adani Green, M&M, and ONGC are in focus due to significant business developments and approvals.Read More
Canara Bank is set for better recovery from Karanja Terminal & Logistics. A price discovery process attracted higher bids for the asset. The infrastructure company owes lenders around ₹600 crore. Prudent Asset Reconstruction Company made a binding offer of ₹520 crore. This offer trumped the promoter’s settlement proposal. The sale is currently challenged in court.Read More
India’s sovereign bond market shows positive signs with a dovish monetary policy and lower state borrowing. However, market participants remain cautious, anticipating limited yield softening due to uncertainty around rate cut timing and potential foreign investor demand pressure. State borrowings for the third quarter are within expected limits, but any uneven distribution could impact rallies.Read More
Indian equities surged for a third straight day, with the Nifty breaching the 25,000 milestone, signaling a positive market outlook. Analysts anticipate stock-specific movements driven by Q2 results, with banking, IT, capital goods, and consumption sectors in focus. Technical indicators suggest further upside potential if the Nifty holds above 25,020.Read More
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