[ad_1] SEBI has raided the Mumbai and Hyderabad offices in search of leaks. Front running is a form of market abuse under Article 7(1)(d) of the SEC. Quant Mutual Fund has been accused of doing this. Quant Mutual Fund has been accused of front-running. Market regulator SEBI is investigating this allegation. Raids were also conducted…
[ad_1] Wan Gang is widely credited for spearheading China’s electric car strategy many years ago. Bloomberg | Bloomberg | Getty Images HEFEI, China — The man who spearheaded China’s electric car strategy on Wednesday said that Chinese investment in the European electric vehicles industry could be a way forward for both sides amid trade tensions. “I believe the governments [of China and…
[ad_1] This decision by the bank is significant as it marks the first time in several years that a private-sector bank has conducted layoffs. (Representative image) Yes Bank confirmed its efforts to enhance operational efficiency by optimising its workforce. Private sector lender Yes Bank has reportedly laid off at least 500 employees as part of…
[ad_1] Disgruntled investors have called for Byju’s founder’s removal, citing failures in management and compliance. The probe found that weak corporate governance and compliance practices, coupled with a shift in the funding environment, contributed to the company’s losses A government investigation has reportedly uncovered lapses in Byju’s corporate governance but has cleared the online education…
[ad_1] The total number of bids received was 143, indicating wider participation with heterogeneity of bids, says SBI. SBI says the issue attracted overwhelming response from investors with bids in excess of Rs 19,884 crore and was oversubscribed by around four times against the base issue size of Rs 5,000 crore State Bank of India…
[ad_1] Five rounds of bidding happened on the opening day on June 25, but Wednesday did not see much action, leading to officials declaring the end of the auction at around 1130 hrs. (Representative image) The auction, where a total of 10 GHz of spectrum ranging between 800 MHz to 26 GHz was offered, got…
[ad_1] L&T Chairman Emeritus AM Naik to step down Naik will retire at the conclusion of the companies’ annual general meeting on June 26. This marks his exit from the board of all the L&T group companies. Larsen & Toubro’s Chairman Emeritus AM Naik will step down as the non-executive chairman and member of the…
[ad_1] Prince Constantijn is special envoy to Techleap, a Dutch startup accelerator. Patrick Van Katwijk | Getty Images AMSTERDAM — Europe is at risk of falling behind the U.S. and China on artificial intelligence as it focuses on regulating the technology, according to Prince Constantijn of the Netherlands. “Our ambition seems to be limited to…
[ad_1] Union Budget 2024 Expectations: Representatives of the MSME industry made many recommendations to finance minister Nirmala Sitharaman to provide a fillip to the sector. Their issues included constraints faced by the industry in obtaining institutional financing, the RBI’s norms related to NPA classification, and the 45-day payment rule. Also Read: Budget 2024 Date: FM…
[ad_1] Gold rate today in India on June 26, 2024. (Representative image) Gold Rate Today: Check gold prices today in different cities on June 26, 2024 Gold Rate Today In India: On June 26, the price of 10 grams of gold hovered around Rs 72,000. Pure 24-carat gold was valued at Rs 72,220 per 10…
