Hikal large trade: 25.27 lakh shares (2.05%) equity worth Rs 63.2 crore change hands at Rs 250 per share
SEBI finds NSE, Chitra Ramakrishna, 16 others guilty of collusion in NSE dark fibre case:
The Securities and Exchange Board of India (SEBI) on June 28 found 18 entities, including former National Stock Exchange chief executive officer Chitra Ramakrishna, NSE COO Anand Subramanian, and the NSE, guilty of collusion in the 2015 dark-fibre case.
The capital market regulator imposed a cumulative penalty of Rs 43.8 crore on the 18 entities, with the NSE alone slapped a Rs 7-crore fine. NSE’s Chief Business Development Officer Ravi Varanasi has been fined Rs 5 crore, while Ramakrishna has been handed a penalty of Rs 5 crore.
Subramanian, who along with Ramakrishna is the subject of a government probe over alleged wrongdoings during their time at the country’s largest stock exchange, has been fined Rs 5 crore.
#OnCNBCTV18 | Retail investors have a great conviction in Indian equity market. Options available for passive mutual funds are increasing, says Swarup Mohanty of Mirae Asset Investment pic.twitter.com/cC3yNxRKKk— CNBC-TV18 (@CNBCTV18Live) June 29, 2022
Singapore panel rejects Future plea to terminate arbitration proceedings with Amazon:
Singapore International Arbitration Centre on June 28 dismissed Future’s plea seeking termination of arbitration proceedings between the group and American e-commerce major Amazon. The Kishore Biyani-led group had sought termination of arbitration on the grounds that the investment deal between its Future Coupons Pvt Ltd (FCPL) and Amazon no longer enjoyed the Competition Commission of India’s approval.
As per sources close to the development, SIAC rejected the plea for termination of arbitration noting that the CCI’s order does not render the proceedings unnecessary or impossible under the Indian law on arbitration and conciliation. The suspension of CCI’s approval will not invalidate the arbitration clause in the agreement, the tribunal noted further while rejecting the plea.
Genus Paper commences commercial production of kraft paperGenus Paper & Boards has started commercial production of kraft papers, at its new unit in Uttar Pradesh. The Muzaffarnagar unit has manufacturing facilities for production of kraft paper (two lines) and duplex paper.
BSE Information Technology index shed 0.5 percent dragged by the Brightcom Group, IndiaMART InterMESH, RateGain Travel Technologies
Hazoor Multi Projects receives work orderHazoor Multi Projects has received work order from Nagpur Mumbai Super Communication Expressway Ltd for execution of change of scope work in district Ahmednagar of package-11 on EPC mode for Rs 14.11 crore.
Route Mobile shares fall as board approves buyback
Route Mobile share price fell on June 29 after the board approved buyback of shares.
The Route Mobile board at its meeting on June 28 approved the buyback at a price up to Rs 1,700 per share and for an aggregate amount up to Rs 120 crore, as per a release.
The maximum number of shares bought back would be 705,882 which is 1.12% of the total number of paid-up shares of the company.
The maximum buyback size represents 9.95 and 7.31 percent of the total paid-up equity share capital and free reserves of the company, respectively.
Gold Prices Today: Yellow metal to find support from weak rupee; aggressive US Fed to cap upside gains
Tapan Patel, Senior Analyst (Commodities) at HDFC Securities, expects gold prices to trade sideways to down for the day with COMEX spot gold support at $1810 and resistance at $1840 per ounce. MCX…