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Kotak AMC, executives seek settlement in Essel Group debt dispute
The case dates back to the 2019 Essel liquidity crisis, when a sharp fall in Zee Entertainment's share price triggered margin calls on pledged shares securing debt held by six Kotak fixed maturity plans (FMPs). The case relates to Kotak Mutual Fund's six close-ended debt schemes (FMPs), which had invested in zero coupon non-convertible debentures (NCDs) issued by Konti Infrapower & Multiventures and Edison Utility Works, part of the Essel Group, the promoter group of Zee Entertainment Enterprises.
Kotak AMC, executives seek settlement in Essel Group debt dispute
The case dates back to the 2019 Essel liquidity crisis, when a sharp fall in Zee Entertainment's share price triggered margin calls on pledged shares securing debt held by six Kotak fixed maturity plans (FMPs). The case relates to Kotak Mutual Fund's six close-ended debt schemes (FMPs), which had invested in zero coupon non-convertible debentures (NCDs) issued by Konti Infrapower & Multiventures and Edison Utility Works, part of the Essel Group, the promoter group of Zee Entertainment Enterprises.
ICICI Prudential Mutual Fund reduces stake in Entertainment Network India Ltd by over 2% - scanx.trade
ICICI Prudential Mutual Fund reduces stake in Entertainment Network India Ltd by over 2%scanx.trade
Stock Market News Today Live Updates: Nifty Slips Below 24,050 Amid F&O Expiry, Sensex Falls Over 150 Points; Vedanta Slides 5% After Block Deals
Nifty IT and Nifty Metal fell 1.22% each, leading losses among sectoral indices. Nifty Pharma rose 0.90%, while Nifty Media gained 0.52% and Nifty India Defence advanced 0.33%.
Stocks in news: Prime Focus, Groww, GIC RE, Wipro, Nykaa
Indian benchmark indices traded with a positive bias, with the Nifty consolidating near the 24,000 mark and closing near its day's high. Several companies, including Prime Focus, GIC RE, Wipro, Groww, and Nykaa, were in focus due to significant news developments. These ranged from regulatory approvals and successful acquisitions to strategic AI collaborations and expansion into international markets.
India shares lower at close of trade; Nifty 50 down 0.23% - Investing.com India
India shares lower at close of trade; Nifty 50 down 0.23%Investing.com IndiaClosing Bell: Nifty below 23,200, Sensex down 150 pts; media, pharma, pvt banks rallyMoneycontrol.comSensex today | Stock Market Highlights: Sensex, Nifty end flat as early gains fade; gold prices slide sharplyBusinessLine
Stock markets can deliver years of zero returns, explains DSP Mutual Fund MD, CEO: Key takeaways for investors
Kalpen Parekh, MD and CEO at DSP Mutual Fund, shared an important insight in his post on social media platform X (formerly Twitter) that all markets can have long periods of zero returns.
Sensex skyrockets 1,161 pts; Nifty trades above 24,150 mark; VIX slumps 8.81%
The Nifty traded above the 24,150 mark. All the sectoral indices on the NSE traded in the green with IT, media and realty index gaining the most.
Stock Market Highlights: Sensex Closes 787 Points Higher On Possibility Of US-Iran Deal - NDTV
Stock Market Highlights: Sensex Closes 787 Points Higher On Possibility Of US-Iran DealNDTVSensex Today | Nifty 50 | Stock Market Highlights: Sensex rises for 3rd straight day, ends 787 pts higher...The Economic TimesSensex Today | Stock Market Highlights: Sensex, Nifty end over 1% higher; bank, midcap stocks lead recoveryMoneycontrol.com
Closing Bell: Sensex, Nifty end flat amid volatility; pharma, oil & gas gain, media falls
Bharat Electronics, Adani Ports, Sun Pharma, Bharti Airtel, Maruti Suzuki were among major gainers on the Sensex, while losers were Power Grid Corporation, Trent, Bajaj Finserv, HDFC Bank and Eternal. Among sectors, auto, pharma, oil & gas, PSU Bank telecom, metal added 0.4-1%, while media index shed 0.7%. Nifty Midcap index rose 0.6%, while smallcap index ended flat.
Nifty recovers 200 points from intra-day lows; IT continues outperformance | Closing Bell
Indian equities erased all the intraday losses with Nifty back above 23,500. TCS, Infosys, HCL Tech, Tech Mahindra, Trent are among top gainers on the Nifty, while losers are NTPC, Power Grid Corp, Cipla, Dr Reddy's Labs and L&T. Among sectors IT index up 4%, while auto, metal, Consumer Durables, realty up 0.5% each. However, pharma, healthcare, power, media, energy down 0.5-1%. Nifty Midcap and Smallcap indices down marginally. Catch Lovish Darad in conversation with Market Experts.
Markets extend losing streak to second week; rupee gains, media stocks shine
The Nifty Midcap 100 index snapped two-week gaining streak, falling 1.5 percent, while Nifty Smallcap 100 index ended with almost no change.