In a setback to those appealing for a change, the highest court dismissed the reliance on an external report and upheld its trust in SEBI's management of the case. As per the judgment, the Government of India and SEBI will investigate if the Hindenburg report on short selling violates any laws. If proven, actions will follow within the legal framework.
Reliance and Disney Begin Antitrust Review for Media Merger in India
Billionaire Mukesh Ambani's Reliance Industries (RELI.NS) and Walt Disney (DIS.N) have enlisted legal assistance and commenced an antitrust evaluation for their proposed merger in India's media and entertainment sphere, confirmed by sources familiar with the matter.
GDP Growth Forecasted at 7.3% for FY24
The government's initial estimates suggest India's economy could expand by 7.3% in FY24, attributed to consistent investment growth and robust performance in manufacturing, construction, and specific services. This forecast surpasses the central bank's revised estimate of 7%.
Services Sector Sees Three-Month High Growth in December
The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P, surged to 59 in December from 56.9 in the previous month, marking a three-month high. This growth trajectory follows October's figure of 58.4.
Jio Financial-BlackRock Applies for Mutual Fund License with SEBI
The collaboration between Jio Financial Services and BlackRock has applied for a mutual fund license with the Securities and Exchange Board of India (SEBI). The application is presently under review by the regulatory body.
SC Upholds SEBI's Control in Adani Hindenburg Case
Gautam Adani Meets Chess Prodigy Praggnanandhaa, Extends Support
Richest Rankings: Ambani Ascends, Adani Faces Setback in 2023