Indian Market

Citibank NA Settles FPI and Depository Regulation Violations for Rs 40.2 Lakh

Citibank NA Settles FPI and Depository Regulation Violations for Rs 40.2 Lakh

/ Indian Market

Citibank N.A., acting as a designated depository participant (DDP), has paid Rs 40.2 lakh to settle allegations of violations related to the Foreign Portfolio Investors (FPI) Regulations and the Code of Conduct under Depositories and Participant Regulations. The violations related to duplication of the client’s wet ink signature without his or her consent. Sebi, the […]

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CDSL Settles Sebi Allegations by Paying Rs 1.3 Crore

CDSL Settles Sebi Allegations by Paying Rs 1.3 Crore

/ Indian Market

Central Depository Services Ltd. has fined ₹1.3 crore for settling the charges of violations related to directions given by Sebi. “The amount of ₹1,30,04,550 as recommended by HPAC has been approved by Panel of Whole-time Members vide their approval dated.,” Sebi said in an order on August 27. The charges pertain to show-cause notice dated

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Datamatics Shares Surge 20% on Microsoft Partnership to Develop AI Copilots

Datamatics Shares Surge 20% on Microsoft Partnership to Develop AI Copilots

/ Indian Market

Datamatics Global Services’ stock hit the 20 percent upper circuit on August 27 after the company announced a strategic partnership with Microsoft. This collaboration will focus on building AI copilot solutions aimed at enhancing process automation and accelerating business transformation. It was trading at Rs 673.2 on the NSE at 13:04 pm, up 20 percent

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Tata Technologies Sees Rs 1,376.40 Crore Deal with 3.3% Stake Change Hands

Tata Technologies Sees Rs 1,376.40 Crore Deal with 3.3% Stake Change Hands

/ Indian Market

On August 27, a significant transaction involving shares worth Rs 1,376.40 crore of Tata Technologies occurred on the stock exchanges. The block deal saw 1.30 crore shares, representing a 3.3 percent stake in the company, trade at a floor price of Rs 1,027 per share. Following this large transaction, Tata Technologies’ shares experienced a brief

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Bondada Engineering Shares Soar to 52-Week High After Securing Rs 575 Crore Project

Bondada Engineering Shares Soar to 52-Week High After Securing Rs 575 Crore Project

/ Indian Market

Bondada Engineering’s share price surged to a 52-week high of Rs 3,684.45 in early trading on August 26, following the announcement of a significant project win worth Rs 575.74 crore. By 09:25 AM, the stock was up by Rs 175.45, or 5.00 percent, on the Bombay Stock Exchange (BSE). This power project is of 170.40

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Lemon Tree Hotels Signs License Agreement for Ayodhya Property; Shares Rise

Lemon Tree Hotels Signs License Agreement for Ayodhya Property; Shares Rise

/ Indian Market

Lemon Tree Hotels’ share price saw an uptick in early trading on August 27, following the company’s announcement of a new license agreement for a hotel in Civil Lines, Ayodhya. At 09:27 AM, the stock was trading at Rs 134.00, up Rs 1.10, or 0.83 percent, on the Bombay Stock Exchange (BSE). The upcoming property

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Vijay Shekhar Sharma and Paytm Directors Receive Sebi Show-Cause Notices Over IPO Irregularities

Vijay Shekhar Sharma and Paytm Directors Receive Sebi Show-Cause Notices Over IPO Irregularities

/ Indian Market

The Securities and Exchange Board of India (Sebi) has issued show-cause notices to Vijay Shekhar Sharma, the founder of One 97 Communications Ltd (Paytm’s parent company), and several board members who were part of the company during its initial public offering (IPO) in November 2021. The notices are related to allegations of misrepresentation of facts

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Ashoka Buildcon Shares Rise 3% After Securing ₹478 Crore Project from MMRDA

Ashoka Buildcon Shares Rise 3% After Securing ₹478 Crore Project from MMRDA

/ Indian Market

Ashoka Buildcon’s share price surged over 3% in early trading on August 26, 2024, after the company was awarded a project worth ₹478 crore by the Mumbai Metropolitan Region Development Authority (MMRDA). On the Bombay Stock Exchange (BSE), the stock was trading at ₹ 239.85 at 09:21 AM, with an increase of ₹ 7.45 or

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KEC International Shares Surge 5% After Securing Orders Worth ₹1,079 Crore

KEC International Shares Surge 5% After Securing Orders Worth ₹1,079 Crore

/ Indian Market

KEC International’s share price climbed 5% in early trading on August 26, 2024, following the company’s announcement of winning new orders worth ₹1,079 crore in its Transmission & Distribution (T&D) and cables businesses. By 09:17 AM, the company’s stock was trading at ₹885.70 on the Bombay Stock Exchange (BSE), reflecting a gain of ₹45.70 or

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