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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Category: Religare
TVS Motors, IREDA, Religare Ent among six stocks to track on June 24 | News on Markets
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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Sensex may hit the 81,000 mark by 2024-end: Ravi Singh of Religare | News on Markets
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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Religare Broking maintains ‘Buy on Dips’ strategy as 23,300 remains key support level – CaFE Invest News
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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Religare-Burman saga brings forth a key inconsistency in Sebi and RBI rules for takeovers
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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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404 ERRORYou can search EconomicTimes.com for similar content, browse our most read articles, or go to our Home PageLast updated on 22 Jun,2024 07:34 AM4,300 millionaires may leave India this year. Here’s where they are moving to19 Jun, 2024 03:06 PM ISTThe Henley Private Wealth Migration Report 2024 reveals India’s significant net loss of 4,300 millionaires in 2024, reflecting global wealth migration trends driven by various factors like geopolitical tensions and economic uncertainty.Nvidia…
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Stocks To Watch: Accenture, Religare Enterprises, JM Financial, Piramal Enterprises, Tata Communications – Market News
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Friday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded flat as the index was up 34.50 points or 0.15% at 23,627.50 indicating a positive start for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 gained 51 points or 0.22% to settle at 23,567, while the BSE Sensex rose 141 points or 0.18% to close…
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SEBI asks Religare to apply for open offer before July 12
NEW DELHI: Capital market regulator SEBI has come down heavily on Religare Enterprises (REL) chairperson Rashmi Saluja and its board of directors for obstructing the Burman family from launching an open offer for acquiring a majority stake in the financial conglomerate. The SEBI has observed that the current board of REL has failed to comply with the securities law and has directed the company to apply to the RBI, IRDAI, and SEBI before July 12. These applications are an integral part of…
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religare enterprises: Sebi orders Religare to apply for open offer before July 12
The Securities and Exchange Board of India(Sebi) has asked Religare Enterprises to apply for approvals with all regulators before July 12 that are required for the Burman family to proceed with the open offer to buy more shares in the company from public shareholders. The capital markets regulator’s directive has come as a setback to the New Delhi-based financial services firm’s management led by chairperson Rashmi Saluja, who has been opposed to the Burmans’ bid to raise their stake in the…
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Religare’s shares rise after Sebi’s open offer call
Shares of Religare Enterprises rose over 4% after Sebi instructed an open offer by the Burman Group. Sebi criticized REL and advis…
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Shares of Religare Enterprises rose over 4% after Sebi instructed an open offer by the Burman Group. Sebi criticized REL and advised seeking approvals. Burman group planned to increase stake in REL, leading to a legal battle with REL in the Delhi High Court involving…
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