Capital markets regulator Sebi on Wednesday proposed measures to streamline the process of buybacks of securities from the open market in a bid to make such process robust, efficient, transparent and shareholder-friendly. Under the proposal, Sebi has proposed to introduce aCapital markets regulator Sebi on Wednesday proposed measures to streamline the process of buybacks of securities from the open market in a bid to make such process robust, efficient, transparent and shareholder-friendly. Under the proposal, Sebi has proposed to introduce a
Tag: business
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Urgently Call GST Council Meeting: Amit Mitra Writes, To Sitharaman
Former West Bengal Finance Minister Amit Mitra on Wednesday exhorted Union Finance Minister Nirmala Sitharaman to ‘urgently’ convene a meeting of the GST Council, which has not met since June. Mitra, who is currently Principal chief advisor to West Bengal ChiefFormer West Bengal Finance Minister Amit Mitra on Wednesday exhorted Union Finance Minister Nirmala Sitharaman to ‘urgently’ convene a meeting of the GST Council, which has not met since June. Mitra, who is currently Principal chief advisor to West Bengal Chief
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Govt Says Masks, No More Compulsory During Air Travel
The civil aviation ministry on Wednesday said the use of masks is not compulsory during air travel but passengers should preferably use them, a decision that comes amid declining number of coronavirus cases. Till now, the use of masks or faceThe civil aviation ministry on Wednesday said the use of masks is not compulsory during air travel but passengers should preferably use them, a decision that comes amid declining number of coronavirus cases. Till now, the use of masks or face
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Orchid Pharma Reports Positive EBIDTA, In Q2′ 2022
Post a successful turnaround of IBC case, the company continues its march towards growth and sustainability NEW DELHI, Nov. 16, 2022 /PRNewswire/ — Orchid Pharma today announced their Q2’22 results. Fuelled by increasing sales and a laser sharp focusPost a successful turnaround of IBC case, the company continues its march towards growth and sustainability NEW DELHI, Nov. 16, 2022 /PRNewswire/ — Orchid Pharma today announced their Q2’22 results. Fuelled by increasing sales and a laser sharp focus
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Amazon Begins Mass Layoffs Among, Its Corporate Workforce
Amazon has begun mass layoffs in its corporate ranks, becoming the latest tech company to trim its workforce amid rising fears about the wider economic environment. On Tuesday, the company notified regional authorities in California that it would lay off aboutAmazon has begun mass layoffs in its corporate ranks, becoming the latest tech company to trim its workforce amid rising fears about the wider economic environment. On Tuesday, the company notified regional authorities in California that it would lay off about
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LIC’s Move To Sell Reliance Capital’s Debt, To ARC Upsets Lenders, Bidders
Days ahead of the deadline to submit binding bids, LIC’s move to sell its Rs 3,400 crore secured principal debt of cash-strapped Reliance Capital Ltd (RCL) to an asset reconstruction company (ARC) has irked its lenders and bidders. The last dateDays ahead of the deadline to submit binding bids, LIC’s move to sell its Rs 3,400 crore secured principal debt of cash-strapped Reliance Capital Ltd (RCL) to an asset reconstruction company (ARC) has irked its lenders and bidders. The last date
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Kotak Mahindra Bank Cuts 1-year MCLR Rate, By 20 Bps, Hikes For Other Tenors
Private sector Kotak Mahindra Bank has revised upward its marginal cost of funds based lending rate for different tenors but reduced the benchmark one-year tenor rate by 20 basis points. The MCLR (marginal cost of funds based lending rate) linked loanPrivate sector Kotak Mahindra Bank has revised upward its marginal cost of funds based lending rate for different tenors but reduced the benchmark one-year tenor rate by 20 basis points. The MCLR (marginal cost of funds based lending rate) linked loan
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‘Data For Development’ Will Be Integral Part Of Overall Theme, Of India’s G-20 Presidency: PM Modi
The digital transformation should not be confined to a small part of the “human race” and its greater benefits will be realised only when digital access becomes “truly inclusive”, Prime Minister Narendra Modi said at the G-20 summit on Wednesday. ModiThe digital transformation should not be confined to a small part of the “human race” and its greater benefits will be realised only when digital access becomes “truly inclusive”, Prime Minister Narendra Modi said at the G-20 summit on Wednesday. Modi
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BSE Sensex Hits 62,000 Mark, Nifty Hits Fresh 52-Week High, Rupee Declines Sharply
BSE Sensex touched the 62,000 mark and NSE Nifty50 surged to 52-week high of 18,438 on Wednesday in morning trade. The BSE Sensex is currently trading at 62,0002 with a gain of 129 points (11:31 am) and Nifty 50 is presentlyBSE Sensex touched the 62,000 mark and NSE Nifty50 surged to 52-week high of 18,438 on Wednesday in morning trade. The BSE Sensex is currently trading at 62,0002 with a gain of 129 points (11:31 am) and Nifty 50 is presently
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Medanta Operator Global Health Shares Jump Over 19 Pc, In Debut Trade
Shares of Global Health, which operates hospitals under the Medanta brand, on Wednesday listed with a premium of over 19 per cent against the issue price of Rs 336. The company’s stock made its market debut at Rs 398.15, rallying 18.49Shares of Global Health, which operates hospitals under the Medanta brand, on Wednesday listed with a premium of over 19 per cent against the issue price of Rs 336. The company’s stock made its market debut at Rs 398.15, rallying 18.49