Category: Religare

The Suburban Mumbai Additional District consumer dispute redressal commission (DCDRC) has pulled up the Religare health care insurance company, who had rejected to pay for the the chemotherapy bills of its consumer on the grounds that the consumer had failed to inform the firm about her medical conditions of hyper-lipidemia and her allergic asthma. The commission in its orders held that there was no nexus or causative connection between the suppression of hyperlipidemia and her current…
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Source: https://www.freepressjournal.in/amp/mumbai/mumbai-religare-health-insurance-ordered-to-pay-856-lakh-for-denied-chemotherapy-bills-by-consumer-commission

In this week’s wrapup, we talk about a “Make in India” sparked ATM shortage, why GST may not make fuel cheaper, this year’s muted telecom spectrum auctions, SEBI’s notice to Rashmi Saluja and participatory notes.Here’s a recap.Why is there an ATM crunch in the country?ATMs have been rising at a fast clip in India. But it almost always seems like we are running short of them. Sure, digital payments are helping us sail through this shortage of sorts. But in reality,…
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Source: https://finshots.in/archive/weekly-wrapup-atm-shortage-make-in-india-gst-petrol-diesel-telecom-spectrum-auction-sebi-religare-burman-dabur-rashmi-saluja-participatory-notes/

In today’s Finshots, we give you a primer of the tussle between Religare and Dabur’s Burman family and tell you why SEBI has finally decided to intervene.Before we begin, if you’re someone who loves to keep tabs on what’s happening in the world of business and finance, then hit subscribe if you haven’t already. We strip stories off the jargon and deliver crisp financial insights straight to your inbox. Just one mail every morning. Promise!If you’re already a subscriber…
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Source: https://finshots.in/archive/sebi-rbi-irdai-religare-rashmi-saluja-dabur-burman-family-takeover-open-offer/

The Delhi High Court Wednesday dismissed former promoter of Religare Enterprises Ltd (REL) Shivinder Mohan Singh’s plea seeking permission to travel to the United Kingdom to attend the graduation ceremony of his two sons.A single judge bench of Justice Dharmesh Sharma said in its order, “There are sufficient grounds to raise an inference that in case such liberty is granted to the petitioner (Singh), he may abuse the same and may not come back to India so as to scuttle the entire…
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Source: https://indianexpress.com/article/cities/delhi/delhi-high-court-hc-former-religare-enterprises-promoter-shivinder-mohan-singhs-plea-to-travel-to-uk-9417735/lite/

Stocks to watch June 24: TVS Motors has partnered with CSC Grameen e-Stores to expand its three-wheeler commercial vehicle range through village-level entrepreneursSI Reporter New Delhi Stocks to watch Monday, June 24, 2024: Indian markets may see a negative start on Monday, tacking mixed global peers. The GIFT Nifty futures also hinted a gap down start, as they quoted 103 points lower against Nifty50 futures at 23,384 levels.   Asia-Pacific markets showed a varied performance, with…
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Source: https://www.business-standard.com/amp/markets/news/tvs-motors-ireda-religare-ent-among-six-stocks-to-track-on-june-24-124062400084_1.html

Indian markets in focus: The outlook for Indian markets appears robust and optimistic amid current economic conditions and policy expectations. Ravi Singh, senior vice president of retail research, Religare Broking in an email interview sheds light on various sectors set for growth, the impact of global economic trends such as potential Fed rate cuts, and strategic opportunities for investors looking at medium to long-term prospects. Edited Excerpts: How do you see the stock markets at…
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Source: https://www.business-standard.com/amp/markets/news/sensex-may-hit-the-81-000-mark-by-2024-end-ravi-singh-of-religare-124062100439_1.html

By Ajit Mishra

The markets continued to consolidate for another week, ending almost unchanged amidst mixed cues. With the week shortened due to holidays, major indices showed subdued activity, unaffected by significant events. 

However, global influences and anticipation surrounding the upcoming budget kept market participants engaged. The Nifty hovered close to its all-time high, closing at 23,501.10 after trading within a narrow range. 

Sector performance varied, with banking and…
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Source: https://www.financialexpress.com/market/cafeinvest-religare-broking-maintains-buy-on-dips-strategy-as-23300-remains-key-support-level-3532954/lite/

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The ongoing acquisition dispute between non-banking financial services company(NBFC) Religare Enterprises and the Burman group has brought forth an apparent conflict in the takeover rules issued by Indian market regulator and central bank, say legal experts. The seeming inconsistency in the rules could…
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Source: https://www.moneycontrol.com/news/business/religare-burman-saga-brings-forth-a-key-inconsistency-in-sebi-and-rbi-rules-for-takeovers-12754838.html/amp