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India Finance and Business news

Insider trading: SEBI asks Top Class to disgorge Rs 3.77cr made in Aurobindo Pharma#39;s scrip

s. The amount has to be paid along with 12 percent per annum interest from March 4, 2009, till the date of actual payment of disgorgement amount within 45 days from the date of coming into force of the order, regulator said.
Axis Bank sets floor price of Rs 442.19 per share for QIP

Axis Bank said a meeting of the committee is scheduled to be held on August 10, 2020 to consider and approve, among other things, the issue price for the equity shares proposed to be issued.
HDFC MF offloads Rs 17 crore worth stake in Aarti Surfactants, promoters turn buyers

Aarti Industries has demerged its home and personal care division and named it as Aarti Surfactants, which listed on exchanges with effect from July 14
Ram Mandir Bhoomi Poojan | My belief that Ram Mandir will represent India as strong, prosperous, harmonious nation: LK Advani

The 92-year-old BJP leader is not among the invitees for the ground-breaking ceremony of the temple by Modi on August 5 due to his advanced age amid concerns over the spread of COVID-19 epidemic.
Ram Mandir Bhoomi Poojan | Babri Masjid will always remain a mosque: Muslim Personal Law Board

"Illegal expropriation does not change the reality. Supreme Court has given its verdict but has embarrassed justice," the board said in a statement.
JK: Srinagar administration lifts curfew on August 4-5 with immediate effect

However, precautionary orders/measures in place to tackle the COVID-19 outbreak will continue to be enforced.
Vivo#39;s IPL sponsorship exit: BCCI may earn Rs 250-300 crore from new sponsor versus Rs 440 crore earlier

FMCG companies and telecom service providers are expected to lead the IPL title sponsorship bids.
Airtel shareholders approve VSAT operations merger scheme

In May last year, Bharti Airtel and Hughes Communications had said they will combine their VSAT satellite operations in the country, with Hughes holding a majority stake in the merged entity.
Centre to sign agreements with states on rental housing scheme within a month

Housing and Urban Affairs Ministry Secretary Durga Shanker Mishra said a memoranda of agreement will be signed with states within a month
IMF says coronavirus may shrink global imbalances further in 2020

The IMF#39;s External Sector Report on currencies and imbalances for the world#39;s 30 largest economies showed that net current account balances fell by 0.2 percentage point to 2.9 percent of global GDP.