Varanium Cloud, MD barred from securities markets
In May this year, Sebi passed an interim order that barred Varanium Cloud and its Managing Director (MD) Harshawardhan Hanmant Sabale from the securities market.
Weak Q2, concerns over asset quality drag private banks
Kotak Mahindra Bank dived 4.7% and RBL Bank plunged 13.8%. HDFC Bank shares advanced 2.6%, emerging as sole gainer in Bank Nifty index, which shed 0.3%. Benchmark Nifty ended 0.3% lower at 24,781 in choppy trades.
Equity MFs Sahi Hai say investors, nearly double inflows to Rs 4.3 lakh crore
Net inflows into equity-oriented schemes rose 95% to ₹4.3 lakh crore in September 2024 from ₹2.21 lakh crore a year ago, while inflows through systematic investment plans (SIP) increased by 41% to ₹2.43 lakh crore, compared with ₹1.72 lakh crore in the same period.
Hyundai India to list today, runaway gains unlikely
As of Monday evening, the unofficial grey market premium (GMP) – the price over the IPO price in the unofficial market that investors pay for the shares before listing – of Hyundai bounced to ₹90, or 5% of the IPO price of ₹1,960. It had fallen to a discount of ₹30 on Friday.