Starting August 12, 2024, shares of key companies like ICICI Bank and NHPC will trade ex-dividend, affecting their stock prices and upcoming dividend payouts. The list extends through Wednesday with additional notable stocks. Investors must hold shares before these dates to receive dividends.
Despite a major sell-off by FIIs, domestic institutional investors have helped stabilize the stock market, supporting confidence and reinforcing market stability. Domestic funds have outpaced FIIs in equity purchases, highlighting their growing role in the Indian financial landscape.
The Bombay High Court's order requires SEBI to disclose an exemption letter for ICICI Securities but prohibits Aruna Vinod Modi from sharing or reproducing the document. Modi challenged the legality of the exemption granted to bypass the reverse book-building process.
The new Turkish customs regulations lower the tax-free threshold for online purchases to 30 euros and raise tax rates to 30% for EU goods and 60% for other international goods.
BR Goyal Infrastructure Limited's upcoming IPO will use the proceeds to support its capital expenditure, working capital needs, and strategic growth initiatives. The company's financials show substantial growth, with consolidated revenue reaching ₹588.76 crore in FY24.
The RBI has confirmed that discussions with IFSC are underway to allow foreign investors at GIFT City to start investing in sovereign green bonds by the second half of FY25. This initiative is part of India's larger effort to reduce carbon intensity and attract international investments into sustainable projects.
The controversy around Hindenburg Research's Adani report deepened in June 2024, as SEBI revealed connections between the firm and hedge fund manager Mark Kingdon. SEBI accused Hindenburg of providing an advance copy of the report, enabling significant profits through strategic trading, a claim Hindenburg dismissed as fabricated.
High-yield corporate bonds experienced a sharp increase in spreads, jumping by about 80 basis points to over 370 basis points above risk-free Treasurys, following a weak U.S. jobs report that pushed the unemployment rate to 4.3%, a three-year high. This volatility has left investors navigating significant uncertainty in the bond market.
Hu Li, newly appointed CEO of Future FinTech, is set to lead the company's international expansion and strategic transformation. His experience, including his previous role as CEO of FTFT International Securities and Futures Limited, positions him well to drive growth and innovation in the company’s diversified portfolio.
The NHTSA has launched a preliminary investigation into Hyundai Palisade SUVs from model years 2020-2023 due to potential seat belt issues that could cause the belts to unintentionally unlatch.
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