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Sebi issues notices to top NSE executives for Feb 24 trade glitch: Report

Sebi issues notices to top NSE executives for Feb 24 trade glitch: Report

The market regulator has sent notices to top executives of the National Stock Exchange (NSE) for a glitch that halted trading on February 24, the 'Economic Times' reported on Wednesday citing unnamed sources.

It is the first time that the Securities and Exchange Board of India (Sebi) has held exchange employees personally liable for trade disruptions, the paper said.

Inox Group to split between two Jain brothers in 'amicable settlement'

Inox Group to split between two Jain brothers in 'amicable settlement'

The Inox Group will split between brothers Pavan and Vivek Jain in an amicable family settlement for the century-old business, multiple news reports said on Wednesday.

Pavan Jain gets Inox Leisure, India's second-largest multiplex company, and Inox Air Products. Vivek, his younger sibling, gets speciality chemicals and green energy businesses Gujarat Fluorochemicals, Inox Wind, and Inox Wind Energy, said the 'Economic Times'.

Startup season: Online medical store PharmEasy targets $842 mln IPO

Startup season: Online medical store PharmEasy targets $842 mln IPO

Indian digital healthcare platform PharmEasy filed on Wednesday for an initial public offering (IPO) of up to 62.50 billion rupees ($842.43 million), becoming the latest startup in the country to pursue a domestic stock listing.

The company provides health services ranging from teleconsultation to radiology tests to home delivery of medical products and devices.

18 troopers killed in 13 fratricide cases since 2018, CRPF says

18 troopers killed in 13 fratricide cases since 2018, CRPF says

The Central Reserve Police Forces (CRPF) on Tuesday said that a total of 13 cases of fratricidal killings have occurred since 2018 till date, leaving 18 personnel dead.

This includes the deaths of six CRPF jawans in the incident that took place in Chhattisgarh on Monday.

Mahindra & Mahindra surges 7% in two days post Q2 results

Mahindra & Mahindra surges 7% in two days post Q2 results

Shares of Mahindra & Mahindra (M&M) were up 3 per cent at Rs 919.80 on the BSE in Wednesday’s intra-day trade, surging 7 per cent in past two trading days after the company reported an over eight-fold increase in its standalone profit after tax (PAT) at Rs 1,432 crore for the second quarter ended September 30, 2021 (Q2FY22), on the back of robust sales. It had posted a standalone PAT of Rs 162 crore in Q2FY21.

The company’s revenue for the second quarter rose by 15 per cent to Rs 13,305 crore as against Rs 11,590 crore in the year-ago period.

BJP wins 112 out of 334 seats uncontested in Tripura civic polls

BJP wins 112 out of 334 seats uncontested in Tripura civic polls

The ruling BJP won 112 out of the total 334 seats uncontested in the civic body polls in Tripura, an official of the state Election Commission said on Tuesday.

Monday was the last day for withdrawal of nominations, and the date of scrutiny had been fixed on November 5, the official said.

India could resume shipping vaccines to COVAX in a few weeks: Report

India could resume shipping vaccines to COVAX in a few weeks: Report

India could resume deliveries of COVID-19 shots to global vaccine-sharing platform COVAX in a few weeks for the first time since April, two health industry sources said, ending a suspension of supplies that has hurt 8 poor countries.

The World Health Organization (WHO), which co-leads COVAX, has been urging India to restart supplies for the programme, especially after it sent about 4 million doses to its neighbours and partners in October.

Gold price today Rs 47,990 for 10 gram; silver at Rs 64,800 per kg

Gold price today Rs 47,990 for 10 gram; silver at Rs 64,800 per kg

Ten gram of 24-carat gold on Wednesday is selling at Rs 47,990, dropping by Rs 40 from trading yesterday. Ten gram of 22-carat gold is selling at Rs 46,990—a drop of Rs 40, according to goodreturns.in.

The price of gold differs across the nation owing to excise duty, state taxes, and making charges. A kilogram of silver is selling unchanged at Rs 64,800, according to the website.

Paytm can grow its value going forward, says Softbank's Masayoshi Son

Paytm can grow its value going forward, says Softbank's Masayoshi Son

Even as India’s leading fintech player Paytm’s IPO is off to a slow start, one of its largest investors, Japan’s Softbank, believes that the company can grow its value going forward.

Softbank chief Masayoshi Son when asked by an analyst, post its Q2 results, if Paytm’s valuation of $20 billion was lower than the firm's expectation, said, Valuation-wise, of course, it depends on market condition and investors' appetite. And I believe that they can grow their value going forward.

S H Kelkar and Co zooms 19% after 10% equity changes hands via block deals

S H Kelkar and Co zooms 19% after 10% equity changes hands via block deals

Shares of S H Kelkar and Company (SHK) zoomed 19 per cent to Rs 182 on the BSE in Tuesday’s intra-day trade after 10 per cent of total equity of personal products company changed hands via block deals. The stock is trading close to its 52-week high level of Rs 189.80 touched on July 5, 2021.

At 09:15 am; around 14.12 million equity shares, representing 9.99 per cent of total equity of S H Kelar and Company changed hands on the BSE, the exchange data shows. The names of the buyers and sellers are not ascertained immediately.

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