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Rajputana Stainless, Caliber Mining and Regaal Resources are the companies that filed their initial draft papers with SEBI as they aim to raise money from the Indian stock markets. Continue Reading »
Sebi has barred Ketan Parekh and two others from securities markets for involvement in a front-running scheme that generated illegal gains of ₹65.77 crore. They are also directed to impound these unlawful gains and are restrained from associating with any registered intermediaries. Continue Reading »
The market had been somewhat oversold, making a bout of buying almost inevitable, said Andrew Holland, CEO of Avendus Capital Alternate Strategies. He added, “Right now, the focus is firmly on the positives”. He expects the Nifty 50 to trade within a tight range of 23,000–25,000 in the short term. Continue Reading »
Parekh, previously convicted for stock market manipulation, and Rohit Salgaocar orchestrated illicit trades on behalf of a US-based Big Client, generating unlawful gains of ₹65.77 crore parties involved, says Sebi order. Continue Reading »
Wall Street Today: US stock markets opened higher on Thursday, January 2, after the New Year break as investors remain optimistic about the US economy. Tesla shares lost 7% after the market opened due to low annual delivery data. Continue Reading »