The Securities Appellate Tribunal (SAT) has granted interim relief to IIFL Securities by staying the Securities and Exchange Board of India’s (Sebi) order debaring the brokerage firm from onboarding new clients for two years. The Sebi order was issued following its inspection of IIFL’s book of accounts, where Sebi found that the brokerage firm violated the rules by not segregating its own funds from customers’ funds and also misled debit procedure. IIFL Securities had appealed to the tribunal against the Sebi order.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20