BUSINESS
NSDL says accounts of foreign funds holding Adani stocks not frozen: Report
Reports of a freeze on the accounts sent several Adani stocks plummeting earlier on Monday. The freeze is on accounts of the funds that hold certain other securities and it is not new, the source said. "NSDL hasn't taken any action now," the source told the global news wire. Earlier, Adani Ports had clarified that the media reports on freezing of accounts of foreign funds were published to deliberately mislead the investing community.
SEBI fines Franklin Templeton's India CEO, trustee among others
The capital market regulator on Monday imposed a penalty of Rs 3 crore on Franklin Templeton Trustee Services and a Rs 2 crore penalty on Franklin Templeton Asset Management (India) Pvt Ltd CEO Sapre. CIO Santosh Kamat, Chief Compliance Officer Saurabh Gangrade, along with fund managers Kunal Agarwal, Pallab Roy, Sachin Padwal Desai and Umesh Sharma, have also been fined.
Now retail inflation zooms to over 6% in May
According to the data furnished by the National Statistical Office (NSO), the CPI rose by 6.30 per cent last month from 4.23 per cent in April. Region wise, the CPI Urban rose by 6.04 per cent last month from 4.71 per cent in April. Similarly, the CPI Rural climbed by 6.48 per cent in May from 3.75 per cent in April.
Oil prices reach multi-year high on demand hopes
The August contract of Brent crude oil the Intercontinental Exchange (ICE) surged 0.92 per cent to $73.36 per barrel. Similarly, the July contract of WTI crude on the NYMEX was at $71.56, higher by 0.92 per cent from its previous close. Increase in vaccine coverage across the globe has raise hopes of normalising economic activities and eventual rise in oil demand.
Record High: India's WPI inflation zooms to 12.94% in May
Accordingly, WPI rose by 12.94 per cent in May from a rise of 10.49 per cent in April. This is the highest rate of WPI inflation in the current series. The previous high mark was observed in April. The monthly rate of inflation, in May 2020 stood at (-) 3.37 per cent.
Mukesh Ambani, Gautam Adani dethrone Chinese billionaires to become Asia’s richest businesspersons
Reliance Industries chairperson Mukesh Ambani’s cumulative wealth sored over $84 billion, out of which $7.62 billion have been added in 2021 so far, according to data from Bloomberg Billionaires Index. Meanwhile, Adani Group founder Gautam Adani’s wealth increased to $77 billion, out of which $43.2 billion have been added in 2021 so far.
PE exits record second best month ever at $12 billion
According to the IVCA-EY monthly PE/VC roundup, May 2021 recorded investments worth $3.6 billion across 60 deals, on the back of nine large deals worth $2.7 billion. Exits recorded $12 billion across 18 deals, with three strategic exits worth US$10.4 billion. Vivek Soni, Partner and National Leader Private Equity Services, EY said, 2021 has emerged as the second-best year for PE/VC exits after 2018 with exits worth $19.3 billion in the first five months.
Adani Ports denies reports on NSDL freezing accounts of foreign funds
In a stock exchange filing, Adani Ports was clarifying on reports that NSDL has frozen the accounts of 3 foreign funds- Albula Investment Fund, Cresta Fund and APMS Investment Fund holding shares in Adani Group Companies. "We regret to mention that these reports are blatantly erroneous and is done to deliberately mislead the investing community.
Stock Talk: Top Household & Personal Care Stocks on Sensex today
Here are the top stocks from household and personal care industry on the market today!
B2B marketplace Jumbotail raises Rs 35 cr from Alteria Capital
This venture debt round comes after a $25 million equity round concluded in January this year. Jumbotail serves more than 50,000 kirana stores via its full stack e-commerce model consisting of its B2B marketplace platform, warehousing and last-mile delivery supply chain network, and a fintech platform for payment and credit solutions to kirana store owners.
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