Sebi has issued new guidelines for listed companies seeking approval for related party transactions (RPTs). Companies must now provide detailed justifications, valuation reports, and turnover percentages to audit committees and shareholders. However, smaller RPTs below 1% of turnover or Rs 10 crore are exempted from these stringent disclosure norms.
US stocks today: US market ends higher, S&P 500, Nasdaq notch biggest monthly gains in years
U.S. stocks surged on Thursday, with the S&P 500 and Nasdaq achieving their largest monthly gains in years. Strong corporate earnings, particularly from tech giants