According to the bank, the warning letter was issued on June 1, 2026, after it allowed an FPI to repatriate funds before the completion of the mandatory lock-in period under the Voluntary Retention Route (VRR). As a custodian, the bank’s action was found to be inconsistent with the provisions of the Reserve Bank of India…
After staging a sharp recovery in the previous session, the Nifty began Thursday’s trade on a weak note, opening with another gap-down. However, buying interest emerged once the index approached the key support zone of 23,150-23,200, helping it erase early losses and move into positive territory. The benchmark witnessed some intraday volatility thereafter but managed…
The 30-share BSE Sensex gained marginally by 13.84 points, or 0.02 per cent, to settle at 74,360.01. During the day, it hit a high of 74,544.24 and a low of 73,807.30, gyrating 736.94 points. The 50-share NSE Nifty eked out a marginal gain of 10.95 points, or 0.05 per cent, to end at 23,416.55. This…
Kuku Technologies Ltd, which operates vernacular audio platform Kuku FM and short-video streaming app Kuku TV, has filed confidential draft papers with Sebi for an IPO to raise up to Rs 3,000 crore, according to sources. The company is planning to raise between Rs 2,500 and Rs 3,500 crore and is targeting a valuation of…
In the small-cap category, Nippon India Small Cap Fund topped the charts with a 10-year annualised return of 21.92 per cent. Edelweiss Mid Cap Fund led the mid-cap segment, while Quant Flexi Cap Fund ranked first among flexi-cap funds, with both delivering annualised returns of around 20 per cent over the same period. In the…
India bright spot despite global uncertainty Highlights Citi sees geopolitical tensions and inflation as the biggest risks to global growth and bond markets. AI-led investments continue to support economic activity, with strong demand for AI-related debt financing. India remains a structural growth story driven by digitisation, policy stability and increasing global investor interest. Global financial…
Vedanta Ltd on Thursday said the Enforcement Directorate (ED) has concluded search operations conducted at certain company premises under the provisions of the Foreign Exchange Management Act (FEMA), adding that no penalty, restriction or sanction has been imposed on the company. In a regulatory filing, the mining and metals major said the search operation commenced…
The equity benchmark indices BSE Sensex and NSE Nifty ended in the green on Thursday (June 4) after a volatile session, with broader markets outperforming the headline indices and market breadth remaining positive. The Sensex rose 14 points to close at 74,360, while the Nifty gained 11 points to settle above the 23,400 mark at…
Hindalco Industries on Thursday, June 4, launched a flagship Eternia experience centre in New Delhi, expanding its presence in the premium building solutions market amid rising demand for high-performance aluminium windows and doors. Hindalco said Eternia, its engineered aluminium windows and doors business, is targeting revenue of more than ₹1,000 crore by fiscal 2029. The…
The interim order issued by market regulator Securities and Exchange Board of India (SEBI) against Rajesh Exports has reinforced the need for investors to assess governance standards, audit quality and financial disclosures rather than relying solely on revenue and profit growth, according to Hetal Dalal, President and COO of Institutional Investor Advisory Services (IIAS). Dalal…
