Friday, 17 June 2016

Sebi Directs Religare's Art Fund to Refund Investors Money

The market opened in green riding high on positive global markets. The Sensex is up 140.51 points or 0.5 percent at 26665.97, and the Nifty up 35.90 points or 0.4 percent at 8176.65. About 393 shares have advanced, 82 shares declined, and 28 shares are unchanged. For more Stock Cash Tips  give  a missed call 78-79-88-11-22.
      Dr Reddy's Labs, Tata Motors, HDFC, Maruti and Tata Steel are top gainers in the Sensex.
    The Indian rupee opened flat at 67.20 per dollar on Friday versus previous close of 67.21.
         Govt must replace expiring MIP with anti-dumping duty: Experts
     On February 5, the government imposed minimum import prices (MIP) on steel products for a period of six months in a bid to stop the deluge of cheap imports.
J&K wants protection of its special taxation powers under  GST Giving this information to the Assembly, Finance Minister Haseeb Drabu said the draft GST bill circulated by the Centre has not incorporated any safeguards to protect J&K's special taxation powers.
        Max Financial shares surge 11% on merger talks with HDFC Life
Max Financial Services shares rallied more than 11 percent and HDFC gained 2 percent intraday Friday after a media report indicated there are merger talks between companies for life insurance business.
          Sebi directs Religare's art fund to refund investors money
The Securities and Exchange Board of India (Sebi) also warned of further action, including barring Religare Arts Investment Management Ltd from securities markets if it fails to comply with the orders for winding up of all its collective investment scheme (CIS) activities and refund the money to investors with due returns.
            Govt imposes 20% duty; likely to make sugar exports unviable .

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