Market regulator Securities and Exchange Board of India (SEBI) has issued an administrative warning to ICICI Securities Ltd in connection with the inspection carried out for stock broking activities of the brokerage.
KISL is one of India’s leading integrated facilities management services companies, with a focus on healthcare, education, public administration (state government entities, municipal bodies, and other government offices), airports, railways, and metro infrastructure, as well as retail sectors.
Ahmedabad-based high net-worth individual (NHI) investor Seetha Kumari has won an arbitral award worth Rs33.64 crore against Bajaj Finance Ltd for breach of contract and selling her pledged shares at a low price, says a report from Economic Times. The arbitration award would affect the dealing between brokers and investors regarding loans against securities (LAS) and share pledges.
The order pipeline in the smart meter industry is huge. The Government of India had maintained a target of 30 crore smart meters and almost 50% of the tenders are floated, out of which 10 crore smart meters have been decided and around 4-5 crore smart meters are in the pipeline for the next two to six months.