Sebi proposes stringent FPI ownership disclosure rules
These proposals come amid Sebi’s probe into allegations regarding infringements of overseas investor ownership and minimum public shareholding rules by the Adani Group made in the late January Hindenburg Research report that triggered a crash in its stocks.
Liquidity surplus shoots past Rs 1 lakh crore
In the first fortnight of May, the average daily quantum of extra funds parked by banks with the RBI dropped to ₹56,578 crore, almost four times lower than an average daily surplus of ₹2 lakh crore in the same period a month ago.
Lenders reject Go First’s pleas for undrawn funds
Go First has undrawn limits of about Rs 200 crore under the government’s emergency credit line guarantee scheme (ECLGS), which was introduced to support sectors like travel and tourism that were hit hard by the Covid-19 pandemic disruptions, they said. The banks’ decision not to release more money is likely to further delay any chances […]
India Inc’s revenue grows in double digits but loses more steam in Q4
Revenue for a sample of 2,863 companies grew by 13.4% year-on-year in the March quarter. After clocking 33.9% growth in the June 2022 quarter, top line growth has slowed down gradually in each of the quarters since then. Net profit rose by 6.5% in the March quarter. While it has improved since the September quarter […]