SEBI

Markets regulator Sebi said that Farm Tech Silo LLP, also known as Growpital, other related entities and their directors will remain barred from securities markets till the outcome of a probe into collection of money through unauthorised investment schemes.

Glenmark Pharmaceuticals Ltd. has received final approval from the United States Food & Drug Administration (USFDA) for Acetaminophen and Ibuprofen tablets, 250 mg/125 mg (OTC).

Capital markets regulator Securities and Exchange Board of India (SEBI) has pointed out discrepancies in fees paid by BSE to the regulator on derivatives contracts.

Hatsun Agro Product Ltd’s shares were up by 11.17 per cent after the company reported its financial results for the fourth quarter and the financial year ending March 31, 2024. In Q4 FY24, the company saw a revenue growth of 14.38%, with revenue from operations reaching ₹2046.87 crore compared to last year when the company reported ₹1789.46 crore. The EBITDA grew by 46.64% to ₹231.77 crore, and the Profit after tax (PAT) increased by 108% to ₹52.16 crore compared to Q4 FY23 where it stood at ₹24.98 crore

Intellect Design Arena Ltd.’s shares were up by 0.07 per cent after the company reported that its transaction banking specialist, Intellect Global Transaction Banking (iGTB) with Jordan Kuwait Banks implemented a fully integrated Corporate Banking platform. It is powered by eMACH.ai with 50 per cent coverage amongst active transaction banks in the country.

Today is the last date to subscribe into Vodafone Idea’s further public offer. The mega ₹18,000-crore FPO has so far been subscribed by 0.49 times. The FPO price band has been set at ₹10-11.

HDFC Bank has posted a net profit of ₹16,512 crore for Q4, higher by 37.1per cent on year but up less than 1 per cent sequentially. The results for Q4 and FY24 include the impact of the merger of erstwhile HDFC with the bank effective July 2023. Net revenue grew 47.3 per cent on year to ₹47,240 crore and included gains of ₹7,340 crore from the stake sale in subsidiary HDFC Credila Financial. As a result, the bank saw net trading and mark-to-market gains of ₹7,590 crore in Q4 against a loss of ₹40 crore in the year-ago period. Total other income for the quarter was up 108 per cent on year at ₹18,170 crore.

Vodafone Idea’s follow on public offer has been fully subscribed on the last daye of the issue. Clinching a subscription rate of 107 per cent on the 1260 crore shares on offer, India’s third largest telecom operator has successfully raised ₹18,000 crore it targeted from the public issue.

The sachet — till now identical with shampoos, pickles, kumkum and a host of other consumable products — will soon see a new product packed into it. Yes, small-amount mutual funds will hit the market soon, if the wishes of SEBI chief Madhabi Puri Buch fructify. The Securities and Exchange Board of India is considering bringing down the minimum investment for systematic investment plans (SIPs) to as low as ₹250, according to the SEBI Chief. SEBI is working with the mutual fund industry to see what the regulator can do to bring the viable SIP level down to ₹250 a month, “because then it is the equivalent of what Hindustan Lever did with shampoo sachets. You just explode the market,” Buch had said. Financial inclusion“This will allow greater participation in MFs from the bottom of the pyramid, and is in keeping with the market regulator’s objective of greater financial inclusion,” she has been emphasising in the last few months. Currently, SIPs as low as ₹100 are offered by a few fund houses but ₹500 is the minimum SIP size offered…

Premier Energies Limited, an integrated solar cell and solar module manufacturer with an annual installed capacity of 2 GW and 3.36 GW respectively, has filed the draft red herring prospectus (DRHP) with SEBI to raise over ₹1,500 crore through an initial public offering (IPO).