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U.S. 10-year Treasury yields rose on Friday after two straight sessions of declines, as investors assessed commentary from a flurry of Fed speakers and a positive outlook on the economy.
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Nasdaq filed a new rule on Friday that would allow the exchange to block IPOs even when companies meet all listing standards if it detects red flags that could make a company’s stock vulnerable to manipulation.
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Usha Martin’s promoter, Peterhouse Investments India Limited, divested 23 lakh shares for Rs 99 crore in a block deal. Morgan Stanley and Bandhan Mutual Fund were among the buyers, acquiring shares at Rs 430 each. The transaction occurred as Usha Martin’s stock closed higher at Rs 440.45.
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LIC has reduced its stake in Adani Ports to 7.34% by selling nearly 3.9 crore shares since 2022, even as the stock outperforms benchmarks and posts strong quarterly revenue and profit growth.
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Sebi has dropped insider trading charges against Pranav Adani and two others, ruling their Adani Green trades occurred after news of the SB Energy acquisition became public, making the information no longer price sensitive.
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