Sebi orders forensic audit of Future Retail’s financial statements
In their respective regulatory filings, the three Future group firms informed the exchanges that they have received a letter from Sebi on August 3, 2022, addressed to the Interim Resolution Professional of FRL intimating about the appointment of Choksi & Choksi LLP as a forensic auditor.
Banks make beeline to raise capital bonds after IRDAI push
“The latest relaxation has increased investor appetite for AT1 bonds as banks will be able to raise more capital via such instruments,” said Sushanta Mohanty, general manager – treasury at Bank of Baroda. “With credit demand coming up, it is helpful for banks,” he said.
RBI moves in to support rupee, unit closes at 79.47
“The Rupee’s losses Thursday were exclusive to the local market as the dollar was marginally lower to 106.16,” said a trader from a large bank.“The pressure came from the offshore derivatives market weighing on the rupee,” said the person.
Global Markets: Wall Street ends mixed as investors eye payrolls data
“The market is looking for direction after a strong bounce that relieved the deep pessimism that had permeated the markets,” Yung-Yu Ma, chief investment strategist at BMO Wealth Management.