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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
HDFC Bank governance concerns ease; Kotak Mahindra Bank’s next CEO may come from within: InGovern
Shriram Subramanian, Founder and Managing Director of InGovern, believes HDFC Bank has largely moved past the governance concerns triggered by allegations made by its former chairman, with investor focus now shifting to the appointment of a new chairman and the bank's next chief executive.
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%.
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
Raja Venkatraman, MarketSmith recommend four stocks for 2 June
The Gift Nifty Live Chart shows a negative start for the Indian stock market today. By 7:30 AM, the Gift Nifty was trading around the 23,243 level, a discount of 219 points from the Nifty futures’ previous close of 23,462. Stocks like Saregama India and Tech Mahindra are recommended for purchase.
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
Stocks in news: Manappuram Finance, Kotak Bank, Nazara Technologies, United Breweries
Indian markets continued their recovery for a third straight session, with Nifty approaching the 23,800-24,000 resistance zone. Key stocks like Manappuram Finance, Kotak Bank, Nazara Technologies, and United Breweries are in focus due to significant corporate developments, including acquisitions, licensing agreements, and environmental clearances.
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.