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Sebi New Rule: Discontinues Payment Through Demand Draft Mode For Intermediaries

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Sebi New Rule: The capital markets regulator Sebi requested intermediaries to pay fees and penalties only digitally on Tuesday after discontinuing the option of payment via demand draught. The Securities and Exchange Board of India (Sebi) announced the new rule’s effective date in a circular. The regulator has made the decision to modify the Securities […]

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Britannia Industries fixes record date for interim dividend for FY 2022‐23

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A large-cap FMCG firm with a market cap of 101,164 Cr today is Britannia Industries. One of the largest food producers in India is Britannia Industries, which produces products under the Good Day, Tiger, NutriChoice, Milk Bikis, and Marie Gold brands. “This is to inform you that a meeting of the Board of Directors of

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Here is why Gujrat Government has pad 16900 Crore to Adani and Tata

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The state Legislature was informed on Monday that the Gujarat government has paid Adani Power and Tata Power a total of Rs 16,900 crore for the purchase of power over the previous two years. Data presented by Energy Minister Kanubhai Desai during Question Hour shows that in 2021 and 2022, the state government paid Adani

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Gentari Signs Pact With Tata Motors For 5,000 Units Of E-Commercial Vehicles

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On Monday, Gentari, a developer of clean energy solutions, said that it had reached an agreement with Tata Motors for the delivery of 5,000 e-commercial cars. According to a statement by Gentari, the memorandum of understanding (MoU) with its affiliated firm is for a period of three years. The largest commercial vehicle maker in India,

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Vedanta announces fifth interim dividend of ₹20.50 per share, record date fixed

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Mining magnate Anil Agarwal’s Vedanta Ltd. issued its fifth interim dividend on Tuesday, totaling to 7,621 crore at 20.50 rupees per equity share or 2050 percent. The dividend record date has been established by the corporation as April 7, 2023. “Approved the fifth interim dividend of ₹20.50 per equity share i.e., 2050 per cent on

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Alibaba Proposes To Split Company Into 6 Business Groups, Shares Rally By 9%

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According to Reuters, Alibaba Group said on Tuesday that it would split into six units and consider raising money or going public for the majority of them. This massive restructuring comes as China promises to soften a broad regulatory crackdown and boost its private enterprises. Alibaba’s U.S.-listed shares increased up to 8% following the information.

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From SBI Cards to Hindustan Zinc 3 stocks turning ex-dividend tomorrow: Do you own any?

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Here are the three equities that will go ex-dividend on March 29, 2023: SBI Cards, Hindustan Zinc, and Brand Concepts. SBI Cards and Payment Services “The Board of Directors has inter alia, declared an Interim Dividend of Rs. 2.50/- (Rupees Two and Fifty Paise) (25 %) per equity share (face value of Rs. 10/­ each)

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Reliance Capital Lenders To Go For 2nd Auction On April 4 To Maximise Return

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According to reports, lenders of the heavily indebted Reliance Capital (RCAP) decided on Monday to hold a second auction on April 4 in an effort to maximize recovery as part of the resolution process. According to sources, the Hinduja Group’s IndusInd International Holdings Ltd (IIHL) informed the Committee of Creditors (CoC) on Monday that it

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Sebi Extends Nomination Deadline For Existing Trading, Demat Account Holders Till Sep 30

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Sebi has extended the deadline for existing trading and demat account holders to provide choice of nomination or opt out of nomination until September-end, from March 31, 2022, when the accounts would have been frozen for debits. Later, this was extended by one more year till March 31, 2023. “Based on the assessment of the

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