Dutch cabinet: flight tax probably to 24 euros per flight
Passengers will pay a higher rate on their plane ticket from 1 January next year. Currently, the tax raises about 200 million euros. An additional 400 million euros must be added, as was stated in the coalition agreement. What it will look like exactly will become clear later: the House will consider the Tax Plan […]
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Sebi issues product specifications related to electronic gold receipts
Sebi on Monday came out with product specifications related to electronic gold receipts. Last month, the regulator issued standard operating guidelines for vault and warehouse managers in the Electronic Gold Receipts (EGR) sector. According to Sebi, the EGR will be traded on stock exchanges in a “trading unit” and the […]
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Heavyweights pull the Nifty and Sensex out of the red; Bharti Airtel shares up 3.4%
Benchmark stock indices, Sensex and Nifty50, reversed early losses to close 0.40 percent higher on Monday with the help of buying by Reliance Industries, ICICI Bank and Bharti Airtel, amid gains in global stocks. After dropping 537.11 points to a low of 56,825.09 in morning trading, the 30-share BSE gauge made a rebound […]
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Poonawalla Fincorp case: Sebi lifts stock market ban on 8 entities
Relaxing its earlier directives, Sebi on Monday removed a stock market ban on eight entities regarding alleged insider trading activities in shares of Poonawalla Fincorp Ltd, formerly known as Magma Fincorp. After passing a 62-page confirmation order, the regulator said the eight entities are now prohibited from buying, selling or dealing in PFL […]
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Ruchi Soya FPO gets 3.6 subscriptions on the last day
Ruchi Soya Industries has been subscribed for public offering to raise up to 4,300 crore Rs 3.60 times on the last day on Monday. The public follow-up offer (FPO) opened on March 24 and the company raised Rs 1,290 crore from major investors. Bids came in at over Rs 17.60 crore for […]
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The rupee rose by 8 pounds to close to 76.16 against the US dollar as oil fell
On Monday, the rupee rose 8 pounds to close at 76.16 against the US dollar after a drop in crude oil prices and gains in local stocks. Forex dealers said a strong US currency abroad and concerns about renewed foreign capital outflows limited gains in the domestic unit. In the […]
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UAE crypto payment sees Bybit and Crypto.com announce offices in Dubai
Crypto Exchange Bybit on Monday said it will open its global headquarters in Dubai and cryptocurrency platform Crypto.com said it will set up a regional hub there, the latest moves in the UAE’s quest to become a hub for the virtual asset sector. Dubai, one of the seven emirates and the region’s commercial hub, […]
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Sebi directs Ruchi Soya to allow FPO investors to withdraw bids
The Securities and Exchange Board of India (Sebi) directed Ruchi Soya Industries to give the option to investors, who took part in the follow-up public offering (FPO), to withdraw their bids due to “trading of spam advertising issue”. In a letter to the three investment bankers selling the shares, Sebi said at […]
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SAT sets aside a penalty of Rs 1 cr levied on Brickwork Ratings by Sebi
The Securities Court of Appeal (SAT) has overturned the Rs 1 crore penalty imposed by the Securities and Exchange Board of India (SEBI) on the ratings of the construction work. The court reduced the penalty to 10,000 rupees and concluded that some of the findings in Sebi’s order could not be sustained. Sebi, […]
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Maastricht Aachen Airport has a flight connection with London back
On Monday the flight departs Maastricht at 08:50 am and on Friday at 3 pm. The flight departs from Stansted on Monday at 06:10 am and on Friday at 12:20 pm. It is an hour flight. Ryanair will use a Boeing 737-800 with room for 189 passengers on the route. At Maastricht Aachen Airport they […]
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