Sebi bans DCHL promoters, and two others from the stock market for up to two years
Capital markets regulator Sebi has banned the promoters of Deccan Chronicle Holdings Ltd (DCHL) from the stock market for a period of one to two years in addition to imposing total penalties of Rs 8.20 crore for various violations. The directives issued against them through Tuesday’s injunction relate to fraudulent activities, understatement of […]
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After two years of nationwide shutdown, markets are still enjoying significant gains
Exactly two years ago, the market experienced one of its biggest drops in a single day, dropping by 13 per cent as the Covid-19 infection forced the government to declare a complete shutdown, raising a question mark over the economic outlook. Shares are down more than 40 percent from their 2020 highs as […]
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Stefan van Sliedregt is de Corporate Travel Professional of the Year
Due to corona, the Business Travel & Mobility Conference was moved to Wednesday 23 March. During the event, trade visitors were able to (renewed) acquaintance with various exhibitors on the exhibition floor and, as always, there was a program with a varied range of speakers. At the end of the day, during the award ceremony, […]
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Dit is de Corporate Travel Professional of the Year
Due to corona, the Business Travel & Mobility Conference was moved to Wednesday 23 March. During the event, trade visitors were able to (renewed) acquaintance with various exhibitors on the exhibition floor and, as always, there was a program with interesting speakers. At the end of the day, during the award ceremony, it was revealed […]
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Ruchi Soya allocates shares worth Rs 1,290 crore to anchor investors prior to FPO
Ruchi Soya Industries has allocated Rs 1,290 crore shares to anchor investors ahead of its follow-up public offering of Rs 4,300 crore (FPO). A total of 19.83 million shares of Rs 650 apiece were allotted. Some foreign investors who were allocated, including Société Générale, BNP Paribas, Oman Pension Fund and YAS Takaful, submitted an […]
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India’s mothballs plan to allow domestic companies to list abroad: Report
India has frozen plans to allow local companies to list abroad as it seeks to boost its own capital markets, government officials and industry sources said, in a blow to foreign money and exchanges seeking to cash in on the country’s technology boom. New Delhi’s decision marks a surprising policy reversal after officials […]
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Vietnam Airlines has given up on Russia for the time being
The Vietnamese member of airline alliance SkyTeam first wants clarity about the procedures, requirements and regulations surrounding the insurance of aircraft with regard to flight operators to Russia. Due to sanctions, Western airlines in particular have suspended flights to and over Russia. Air Serbia, Turkish Airlines, Qatar Airways, Emirates, Etihad Airways, Air Arabia, El Al, […]
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TCS has subscribed for 18,000 kroner to buy back 7.5 times, offering 300 million shares
The Rs 18,000 crore share buyback scheme of Tata Consultancy Services, India’s second most valuable company, has been subscribed more than 7.5 times. According to the data provided by the stock exchanges, 300 million shares were offered against 40 million shares offered. The Tata Group’s flagship company will amortize 1.08 per cent of […]
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ANVR updates business conditions: payment term shortened to 1 week
“We were able to stop the shortening of the payment term for a long time, but in the end the airlines managed to push through this,” says Walter Schut, deputy director of the ANVR, in a response. “Without adjusting the business conditions, agents will have to pre-finance the payments for airline tickets. However, agents are […]
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ANVR updates business conditions: payment term shortened to 1 week
“We were able to stop the shortening of the payment term for a long time, but in the end the airlines managed to push through this,” says Walter Schut, deputy director of the ANVR, in a response. “Without adjusting the business conditions, agents will have to pre-finance the payments for airline tickets. However, agents are […]
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