India

SEBI exempts state-run firms from meeting public shareholding norms until August 2026

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SEBI exempts state-run firms from meeting public shareholding norms

SEBI (Securities and Exchange Board of India) has exempted all state-run firms from meeting public shareholding norms for two years until August 2026. This exemption means that listed public sector companies are not required to maintain the minimum 25% public shareholding mandated by the market regulator, SEBI (Securities and Exchange Board of India). The exemption Read more: SEBI exempts state-run firms from meeting public shareholding norms until August 2026..

Infosys Share down over the DGGI alleging GST evasion of over Rs 32,000 crore

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Infosys Share down over the DGGI alleging GST evasion of over Rs 32,000 crore

Infosys shares fell on August 1, 2024, after the company received a notice from the Directorate General of GST Intelligence (DGGI) alleging GST evasion of over Rs 32,000 crore. The notice pertains to expenses incurred by Infosys’ overseas branches and claims that the company is liable to pay Integrated Goods and Services Tax (IGST) under Read more: Infosys Share down over the DGGI alleging GST evasion of over Rs 32,000 crore..

Adani Energy Solutions raised $1 billion through QIP

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Adani Energy Solutions raised $1 billion through QIP

Adani Energy Solutions Ltd. (NSE: ADANIENSOL), the power transmission unit of the Adani Group, has successfully raised $1 billion through a qualified institutional placement (QIP). This marks the conglomerate’s first public equity raise since the Hindenburg report earlier this year, which led to a significant drop in the group’s market value.  Abu Dhabi Investment Authority Read more: Adani Energy Solutions raised $1 billion through QIP..