SEBI has launched an investigation into Corporate Capital Ventures Limited for alleged breaches in managing SME IPOs. The probe follows complaints that director Kulbhushan Parashar and his relatives may have engaged in improper share transactions.
RBI's draft liquidity guidelines credit positive for banks, despite a projected 15 percentage point drop in liquidity coverage ratios. The guidelines, effective April 1, 2025, aim to enhance banks' resilience against deposit outflows and improve liquidity buffers, supporting overall credit stability.
3M has appointed Anurag Maheshwari as its new Executive Vice President and Chief Financial Officer, effective September 1, 2024. Maheshwari joins from Otis Worldwide Corporation, bringing extensive expertise in financial and business functions. Teri Reinseth will serve as Interim CFO until Maheshwari's assumption of the role.
Mahindra & Mahindra aims for mid-to-high teens growth for FY25, driven by new launches including the XUV 3XO and the Thar Roxx. Despite a 5% drop in Q1 net profit, the company achieved a 24% increase in SUV sales and a 12% rise in revenue.
Infosys has received a notice from the Directorate General of GST Intelligence alleging tax evasion of over ₹32,000 crore. The notice claims the company failed to pay IGST on supplies from overseas branches, leading to significant discrepancies in their tax filings.
Markets are experiencing significant volatility due to geopolitical tensions, economic data, and central bank decisions.
Mastercard’s Q2 profit exceeded estimates, driven by strong consumer spending and a 17% increase in cross-border volume. The company’s shares rose nearly 3% in pre-market trading. Despite slowing growth in some rivals, Mastercard's robust performance highlights its strong market position.
Sansera Engineering is set to acquire a 55-acre plot in Harohali, Bengaluru, to build a new facility, increasing its manufacturing capacity by 30 billion rupees. The company plans to invest 21 billion rupees over three to five years, reflecting its growth strategy and confidence in the region.
Mufin Green Finance's CEO resigned effective Wednesday due to personal reasons. Despite this, the company’s shares rose by 1% at the close of trade.
Standard Chartered plans to repurchase up to $1.5 billion of its shares, totaling approximately 228,843,817 shares, from August 1, 2024, to January 30, 2025. The shares will be canceled, with the buyback set to occur on the London Stock Exchange and other UK-recognized exchanges.
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