Market News
Stay updated with the latest market trends, earnings, and economic indicators.
'Misleading financial statements': Suzlon to challenge Sebi's penalty order before SAT
Suzlon Energy plans to challenge Sebi's order imposing penalties of nearly Rs 29 crore on the company and former executives over alleged accounting and disclosure violations related to FY14-FY18. The company will appeal before the Securities Appellate Tribunal, while Sebi maintains that certain transactions and disclosures misrepresented its financial position.
Sebi imposes penalty on Suzlon, executives for misstating financials
The Securities and Exchange Board of India has fined Suzlon Energy and its top executives ₹29 crore. This action follows allegations of misleading investors by misstating financial statements between FY14 and FY20. Sebi's investigation revealed questionable transactions, including the sale of a business at an inflated price.
Sebi slaps ₹29 crore penalties on Suzlon Energy, former executives for financial misrepresentation
Sebi said Suzlon structured transactions between its subsidiaries in a manner that artificially inflated profits, net worth and investor perception, even though the dealings lacked genuine economic substance.
Sebi fines Suzlon Energy Rs 29 crore for misleading financial statements; promoters, executives also penalised
SEBI has fined Suzlon Energy Rs 29 crore and several former executives for misrepresenting financial statements, inflating profits via circular transactions, and failing to disclose contingent liabilities, actions deemed serious violations of market regulations and disclosure norms.
SEBI fines Suzlon Energy $1.68 million for financial misreporting By Investing.com - Investing.com India
SEBI fines Suzlon Energy $1.68 million for financial misreporting By Investing.comInvesting.com India
Sebi imposes nearly ₹29 crore penalty on Suzlon Energy, four others
Sebi fined Suzlon Energy and key executives over alleged disclosure lapses that misrepresented the company's financial position and risks
Stocks to buy: Premier Energies, JSW Energy among top picks by analyst
Stocks to buy: Ruchit Jain of Motilal Oswal Financial Services recommends buying Premier Energies, JSW Energy and one other stock
Coal gasification can help cut dependence on imports: G Kishan Reddy
India aims to cut reliance on imported chemicals through coal gasification. The government is offering significant financial support and incentives for new projects. Companies have been urged to invest in coal gasification plants. A draft proposal is expected soon, with the scheme likely to launch by early July.
Multibagger HBL Engineering stock to be in focus on Friday after ₹1,714 crore Kavach order win
HBL Engineering's shares are expected to gain investor interest after securing a ₹1,714 crore order from Chittaranjan Locomotive Works for Kavach equipment. The contract is to be completed within 12 months, following strong financial results and previous order wins in the Kavach sector.
Ahead of Market: 10 things that will decide stock market action on Friday
Domestic equity benchmarks ended marginally lower for a second consecutive session as weakness in financial, IT and energy shares offset gains in auto stocks. Analysts expect Nifty to remain range-bound with immediate support near 23,800 and resistance around the 24,000-24,100 zone.
 11_07_24 (1).jpg?im=FitAndFill,algor)
Salary Discontent Grows: 81% Indians To Seek Pay Hikes, 29% Satisfied With Current Wages — Report
Many professionals feel that their current pay no longer matches their financial needs.
Reliance warns of a volatile oil market in FY27, bets on gas and green chemicals for growth
In the upcoming financial year FY26-27, Reliance Industries Limited is preparing for a potential slump in global oil demand, driven by high crude prices, economic slowdowns, and geopolitical unrest in the Middle East. However, the company is positioning itself to seize a long-term opportunity in the energy and materials sectors.