Friday, October 02
Market regulator Securities and Exchange Board of India (Sebi) on Wednesday introduced a one-time settlement scheme for stock brokers who traded on the now-defunct National Spot Exchange Ltd (NSEL) platform. The scheme, aimed at expediting enforcement proceedings under SEBI's jurisdiction, offers eligible brokers a chance to settle violations related to securities laws without prolonged litigation.Settlement processSebi has approved a structured scheme for brokers who were registered or applied as trading/clearing members under SEBI's 1992 Stock Broker Regulations and operated on the NSEL platform.It has suggested dual criteria for monetary settlement in which the settlement amount will be calculated based on -- one is the quantity of units traded in paired contracts and the second is base
Goldman Sachs on Thursday sold over 1.77 lakh shares of Ethos Limited via a block deal. The deal size is worth Rs 48 crore and the shares were sold at a price of Rs 2700.67, which is a 5% discount against the previous closing price of Rs 2848.45 on the BSE.Goldman Sachs held 1.40% stake representing over 3.43 lakh shares through its affiliate Goldman Sachs Funds-Goldman Sachs India Equity Fund.Ethos is an authorized retailer of over 70 premium luxury watch brands with more than 70 stores in India. The market capitalization of the company is Rs 7,282.91 crore.Ethos shares today ended at Rs 2,721.80, down by 126.65 or 4.45% over the Wednesday closing price.The stock has had a lackluster run on the D-Street this year so far with share price falling by 4%. Over a 1-year period, its shares are
Israel has attacked Iran’s Arak heavy water reactor, Iranian state television said Thursday.The report said there was “no radiation danger whatsoever” and that the facility had already been evacuated before the attack.Israel had warned earlier Thursday morning it would attack the facility and urged the public to flee the area.The warning came in a social media post on X. It included a satellite image of the plant in a red circle like other warnings that preceded strikes.The Israeli military said Thursday’s round of airstrikes targeted Tehran and other areas of Iran, without elaborating. It later said Iran fired a new salvo of missiles at Israel and told the public to take shelter.Israel's seventh day of airstrikes on Iran came a day after Iran’s supreme leader rejected U.S. calls
