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Six of eight funds used to invest in Adani Group stocks now closed: Report

Six of eight funds used to invest in Adani Group stocks now closed: Report

Six of the eight public funds alleged to have been used by people with ties to the Adani Group to buy shares of the conglomerate's listed companies have been shut, Mint reported on Wednesday citing regulatory filings. These funds were based in Bermuda and Mauritius.

The report added that the closure of these funds posed a challenge for the Securities and Exchange Board of India (Sebi) to reach the ultimate beneficiaries of these vehicles.

Ukraine war will be main topic of discussion, says EU official ahead of G20

Ukraine war will be main topic of discussion, says EU official ahead of G20

The Ukraine war will be in ‘everybody’s mind’ and be the main topic of discussion, a senior European Union (EU) official said ahead of the Group of 20 (G20) Leaders’ Summit scheduled over the weekend.

And you'll see this and it's not only for Europeans…you'll see it on the agenda with one theme of the motto of the Indian presidency for each session.

Tata Consumer Products in talks to buy at least 51% stake in Haldiram's

Tata Consumer Products in talks to buy at least 51% stake in Haldiram's

Tata Group's consumer unit is in talks to buy at least 51% of popular Indian snack food maker Haldiram's but is not comfortable with the $10 billion valuation sought, two people briefed on the matter said.

If successfully concluded, a deal would see the Indian conglomerate directly compete with Pepsi and billionaire Mukesh Ambani's Reliance Retail.

Reliance Retail receives Rs 8,278 cr from QIA, allots 68 mn shares

Reliance Retail receives Rs 8,278 cr from QIA, allots 68 mn shares

Reliance Industries on Wednesday said it has received Rs 8,278 crore from Qatar Investment Authority (QIA) for around 1 per cent stake in Reliance Retail Ventures Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led group.

As per the deal, it has allotted 6.86 crore equity shares to QIA of RRVL, which is the leading retailer in the country, said a regulatory filing from Reliance Industries Ltd (RIL).

After six years, Sonia to write to PM again on Women's Reservation Bill

After six years, Sonia to write to PM again on Women's Reservation Bill

Six years ago, on 21 September 2017, Congress parliamentary party chairperson Sonia Gandhi wrote to Prime Minister Narendra Modi, requesting him to use the majority that the Bharatiya Janata Party-led alliance has in the Lok Sabha to pass the women's reservation Bill. She will likely write to the Prime Minister again in the coming days, urging that his government put the Bill on its agenda for the upcoming five-day special session.

Full curfew reimposed in 5 districts of Manipur as preventive measure

Full curfew reimposed in 5 districts of Manipur as preventive measure

Full curfew has been clamped in all the five valley districts of Manipur as a preventive measure from Tuesday evening, officials said.

The cancellation of curfew relaxation hours in Bishnupur, Kakching, Thoubal, Imphal West and Imphal East comes in the wake of the call by the Coordinating Committee on Manipur Integrity (COCOMI).

Imran Khan's party decries 'tactics' to delay bail hearing in cypher case

Imran Khan's party decries 'tactics' to delay bail hearing in cypher case

The Pakistan Tehreek-e-Insaf (PTI) has expressed disappointment over the tricks that are being played to delay the hearing of the cypher case of its Chief Imran Khan and alleged that it was an attempt to deprive him of the right to a fair trial and perpetuate his detention in Attock jail, Dawn reported.

In its meeting, the PTI Committee said that after the judge hearing the Cypher case had gone on week-long leave, the refusal to hear the bail application of their party Chief is a matter of great concern.

These two PSU stocks have zoomed 50% in last three days on heavy volumes

These two PSU stocks have zoomed 50% in last three days on heavy volumes

Shares of two public sector undertaking (PSUs)--Indian Railway Finance Corporation (IRFC) and MMTC--surged up to 20 per cent on the BSE in Tuesday’s intra-day trade on heavy volumes. In the past three trading days, the two have zoomed by up to 51 per cent.

Among the individual stocks, IRFC rallied 14 per cent to hit a new high of Rs 75.72 on the BSE. In the past three trading days, it has zoomed 51 per cent. The average trading volumes on the counter jumped over three-fold today.

Sebi likely to implement one-hour settlement of trades by March 2024

Sebi likely to implement one-hour settlement of trades by March 2024

Markets regulator Sebi will introduce one-hour trade settlements by the end of this fiscal, in the run up to making such processes instantaneous, a top official said on Tuesday.

Amid concerns raised by certain foreign portfolio investors on the shortening of the settlement cycles citing forex-related worries, the official made it clear that faster settlements are optional and investors can opt out.

CBI arrests GAIL Exec Director KB Singh in Rs 50 lakh bribery case

CBI arrests GAIL Exec Director KB Singh in Rs 50 lakh bribery case

The CBI has arrested an Executive Director of GAIL in connection with the alleged Rs 50 lakh bribery case in which money changed hands to favour some contractors in the gas pipeline projects, officials said Tuesday.

Along with Executive Director (Projects) K B Singh of GAIL, four others have also been arrested, including Director of Vadodara-based Advance Infrastructures Surender Kumar, they said.

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