Front running is a market malpractice of trading in securities ahead of large client orders for personal gains. | Photo Credit: FRANCIS MASCARENHAS India’s market regulator on Tuesday issued interim orders in a case of alleged front-running at Axis Mutual fund, while issuing show cause orders to the mutual fund and related entities. The Securities […]
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The University of Kerala has bagged 11 medals, including six gold medals, at the National Inter-University Youth Festival held in Bengaluru. According to an official release, the university contingent won gold medals in Mridangam, elocution, light music, mono-act, skit and mime competitions. While it won silver medals in quiz, violin, debate and folk orchestra events, […]
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A genetics division will be started at SAT Hospital this year. This will be helpful for the treatment and research of rare diseases, Health Minister Veena George has said. Genetics labs will be opened at SAT Hospital and the Government Medical College Hospital (MCH) in Kozhikode. The government has drawn up an action plan for […]
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The government opposed the bail pleas submitted by the accused in the BSNL Engineers’ Cooperative Society scam in a court here on Tuesday. Objections were raised against the bail pleas submitted by Vellayani native K.V. Pradeep Kumar, who has been arrested in the case, and the anticipatory bail pleas of the other accused — K.V. […]
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State Bank of India (SBI) said it has completed a $1 billion Syndicated Social Loan Facility which is significant for SBI and the Indian ESG financing market. It is the largest ESG loan by a commercial bank in the Asia Pacific and the second-largest social loan globally, SBI said in a statement. The facility of […]
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There is no need for “exaggerated concern” about India’s external account situation, Chief Economic Advisor V. Anantha Nageswaran asserted on Tuesday, while stressing that the Economic Survey’s forecast of 6.5% growth for 2023-24 was well within the range of those estimated by other agencies although downside risks dominated the upside potential. “India’s merchandise trade deficit, which […]
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A total of 74.38% of voters exercised their franchise in the bypolls in 28 local body wards in 12 districts on Tuesday. A total of 97 candidates were in the fray. The counting of votes will begin at 10 a.m. on Wednesday at various centres. The election results will be published on the website of […]
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HDFC Ltd. said it has increased its Retail Prime Lending Rate (RPLR) on housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 25 basis points, with effect from March 1. This comes weeks after the Reserve Bank of India (RBI) increased the repo rate by 25 bps to control inflation. HDFC […]
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Kozhikode M.A. Razak and T.T. Ismail, the newly elected Kozhikode district president and general secretary of the Indian Union Muslim League (IUML) respectively, have denied media reports that claimed factional activities in the election to the district committee. In a release on Tuesday, the leaders claimed that they were propaganda spread by people who are […]
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Leading tyre manufacturer MRF Ltd., as part of its orderly succession to the board, has proposed the appointment of Arun Vasu, Vikram Chesetty and Prasad Oommen as three independent directors for a period of five years. Besides, it also sought the shareholders approval for reappointment of Arun Mammen as managing director (with the designation of […]
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