Zee Entertainment’s shares experienced a surge following the Securities Appellate Tribunal’s grant of interim relief. The tribunal has put a hold on SEBI’s order, permitting promoters to issue preferential warrants. Additionally, ZEEL is allowed to utilize mutual fund units for dividend distribution. However, this relief comes with the condition of paying the penalty that SEBI has imposed, which the company disputes based on claims over property document titles.
Boeing cuts delivery target, shares hit 18-month low as recovery takes longer
Boeing has announced a cut in its 737 Max delivery target for this year, which raises concerns. The company now aims to increase 737 production