Hyderabad: Many retail investors burnt their fingers as the stock markets are in a free fall. BSE, one of the two popular stock exchanges in the country, fell 1,158 points on Thursday. Between May 1 and 12, the BSE lost more than 4,000 points. The market capitalisation on the BSE on May 12 touched Rs […]
Defining the 'same line of business', Sebi said at least 50 per cent of revenue from the operations of the listed holding and listed subsidiary company must come from the same line of business, said SEBI.
Infosys was the top loser in the Sensex pack, shedding over 3 per cent, followed by M&M, IndusInd Bank, Maruti, Bajaj Finance, UltraTech Cement and ICICI Bank.
Bajaj Finance was the top loser in the Sensex pack, shedding around 2 per cent, followed by Asian Paints, ICICI Bank, Kotak Bank, HDFC Bank and Reliance Industries.
After touching its record intra-day peak of 46,373.34, the 30-share BSE Sensex ended 154.45 points or 0.34 per cent higher at 46,253.46, its new closing record.
The listed entities will make disclosures about the fact of initiation of forensic audit along with the name of the entity initiating such audit and reasons for the same, if available, to stock exchanges
