Business

SEBI on Thursday eased norms for borrowing by large corporates (LCs) on meeting a certain percentage of their funding requirements

The decision was taken at the board meeting of the Securities and Exchange Board of India (Sebi) held here on Thursday.

The rupee was also impacted by a rising dollar index, following hawkish comments from US Federal Reserve officials, forex traders said

A decision in this regard was taken at the meeting of Committee of Directors of the company, Vedanta Ltd said in a regulatory filing.

GPL will retain 9,609,571 equity shares representing 7.84 per cent of the current issued and paid-up equity share capital of the company. Pursuant to the transaction, GPL and the other member of the promoter group are proposed to be reclassified as public shareholders.

"It is hereby ordered that the proceedings that may be initiated for the violations... are settled qua the applicant (Valiant Organics)," Sebi said in a settlement order passed on Monday.

RBI has sought comments on the new draft master direction that proposes to expand the scope for lenders which can classify borrowers as wilful defaulters, and refine the identification process.

The 30-share BSE Sensex fell 570.60 points or 0.85 per cent to settle at 66,230.24 on Thursday

Market participants are in a wait-and-watch mode ahead of the Bank of England and Bank of Japan policy decision, he said.

Tech Mahindra, Bharti Airtel, Infosys, Asian Paints, Hindustan Unilever, Larsen & Toubro and Titan were the gainers.

Directorate General of Civil Aviation has dismissed recent media reports suggesting that a staff shortage is causing delays in issuance of pilot licences

The water regulator of the US state of California has said that the beverage corporate giant Nestle had illegally diverted and bottled water from mountain springs for over 100 years.

Retail inflation for farm workers and rural labourers eased marginally to 7.37 per cent and 7.12 per cent, respectively in August this year

"The Indian rupee faced pressure due to an advancing dollar index, driven by hawkish remarks from Federal Reserve officials, according to forex traders."

Global equities fell after the US Federal Reserve signalled that they expect to raise rates once more this year to fight inflation

US Federal Reserve in its September policy meeting left the key interest rate unchanged at 5.25-5.50 per cent but cautioned it may go for additional tightening of monetary policy

"Market Watch reports that Cisco disclosed this information in a filing with California's Employment Development Department."

Capital market regulator Sebi imposed penalties totalling Rs 6 crore on 15 entities, including Kapil Wadhawan and Dheeraj Wadhawan, for flouting disclosure norms in the case of DHFL.

By indulging in such acts, they violated the provisions of PFUTP Regulations and accordingly, the regulator levied a fine of Rs 5 lakh each on 24 individuals and Rs 10 lakh on the remaining one.

It was a privilege that the Hyderabad office for Warner Bros. Discovery was its first Greenfield office in Asia after the merger of Warner Media and Discovery, said KT Rama Rao

Through this, Goldman Sachs allegedly violated rules concerning operational guidelines for FPIs.

Halting its four-session losing streak at the interbank foreign exchange, the domestic unit opened strong at 83.22 against the dollar and traded in the range of 83.27-83.06 against the greenback

At the Nifty, only 10 companies managed to make advances, while 40 witnessed declines.

Foreign fund outflows and a weak trend in index major HDFC Bank also added to the overall bearish trend.