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- Business News Update; Share Market, Gold Silver, Petrol Diesel, Reliance Power, Anil Ambani
New Delhi3 days ago
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Yesterday’s big news was related to Anil Ambani. SEBI has banned industrialist Anil Ambani from the securities market (stock market, debt, derivatives) for 5 years in the case of fund embezzlement. Ambani has also been fined Rs 25 crore. At the same time, the government has banned 156 fixed dose combination (FDC) medicines.
Before tomorrow’s big news, today’s major events, which will be in focus…
- The stock market will remain closed today due to Saturday holiday.
- There has been no change in the prices of petrol and diesel.
Now read yesterday’s big news…
1. Anil Ambani banned from stock market for 5 years: ₹25 crore fine also imposed, shares fell by 11%
Market regulator SEBI has banned industrialist Anil Ambani from the securities market (stock market, debt, derivatives) for 5 years in the case of fund misappropriation. Ambani has also been fined Rs 25 crore. He has also been banned from being a director in any listed company.
SEBI has also banned 24 other entities including former top officials of Reliance Home Finance (RHFL) from the stock market. Different fines have been imposed on them. Reliance Home Finance Company has been banned for 6 months and a fine of Rs 6 lakh has been imposed.
Click here to read the full news…
2. Government banned 156 fixed dose combination medicines: said- these pose a danger to humans, stop manufacturing and distribution immediately
The government has banned 156 fixed dose combination (FDC) drugs. These were commonly used as painkillers, multi-vitamins and antibiotics apart from fever and cold.
The government said that there is a possibility of danger to humans due to their use. Therefore, the production, consumption and distribution of these medicines will be banned across the country.
Click here to read the full news…
3. A1 and A2 labels will be removed from milk packaging: FSSAI said – these are misleading, e-commerce companies and food businesses should remove them within 6 months
The Food Safety and Standards Authority of India (FSSAI) has ordered e-commerce companies and food businesses to remove A1 and A2 labelling from the packaging of milk and milk products.
The food regulator has called such claims misleading. FSSAI said in its order that these claims are not in accordance with the Food Safety and Standards Act 2006. Therefore, the regulator does not recognize this category and distinction.
Click here to read the full news…
4. Zerodha adds ‘Privacy Mode’ feature to Kite: This allows investors to hide real-time profit and loss values
Brokerage firm Zerodha has added a new feature called ‘Privacy Mode’ to its trading and investment platform Kite. The company claims that this new feature is designed to help traders manage distractions and avoid overtrading.
The Privacy Mode feature allows Kite users to hide real-time profit and loss (P&L) values, allowing them to focus on their trading strategies without being affected by day-to-day fluctuations in their accounts. Privacy Mode is also useful when sharing your screen with others, as it hides financial information.
Click here to read the full news…
5. Reliance’s 47th AGM will be held on August 29: Listing timeline of Jio and retail business will be announced, company will give update on new energy business
The 47th Annual General Meeting (AGM) of Reliance Industries Limited (RIL) will be held on August 29. Investors are waiting for the AGM of RIL, a giant company from the oil to telecom sector.
JM Financial said, ‘Key expectations from Reliance’s AGM could be an update on the timeline for listing of retail and digital businesses and potential strategic stake sales in the O2C business.
Click here to read the full news…
6. Hero Glamour launched at a starting price of ₹ 83,598: Updated bike claims 55kmpl mileage, competes with Honda Shine
Hero MotoCorp on Friday (August 23) launched the updated Hero Glamour in the 125CC bike segment. The company has introduced the new Glamour with new color options, design updates and new features. The Indian two-wheeler manufacturer claims that the bike can run 55 kilometers in one liter of E-20 petrol.
The new Glamour is offered in two variants drum and disc. The drum brake variant is priced at Rs 83,598 and the disc brake variant is priced at Rs 87,598 (both ex-showroom). In the Indian market, the bike competes with Honda SP125, Honda Shine, TVS Rider and Bajaj Pulsar 125 in its segment.
Click here to read the full news…
Also see who were the top 10 richest people in the world yesterday…
Know the condition of tomorrow’s stock market and gold-silver…
Know the latest price of petrol, diesel and gas cylinder…
