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SEBI clean chit in Hindenburg case: Adani Group valuation soars Rs 69,000 crore in a single session; stocks rally strongly

Adani Group firms saw their combined market value surge by more than Rs 69,000 crore during Friday’s trading session. Gautam Adani-led Adani Group stocks rallied strongly in trade on Friday after SEBI cleared the companies of Hindenburg-related allegations. The regulatory body’s ruling, which rejected claims of share price manipulation and improper related-party dealings, boosted investor…

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Sebi eases securities transfer, introduces TLH code; simplifies nominee-to-legal heir process

Markets regulator Sebi on Friday announced a simplified framework for transferring securities from a nominee to the legal heir, aimed at reducing unnecessary tax and compliance hassles.Under the current system, such transfers were sometimes treated as “sales” and assessed for capital gains tax, even though Section 47(iii) of the Income Tax Act, 1961, exempts them….

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Adani Group shares jump! Almost all stocks in green after Sebi clears Hindenburg claims; Adani Power up nearly 9%

Adani Group stocks rise:Adani Group stocks rise: Adani Group shares rallied on Friday, a day after the Securities and Exchange Board of India (Sebi) dismissed allegations of stock manipulation levelled by US short-seller Hindenburg Research.All nine Adani-listed firms opened higher, with Adani Total Gas emerging as the top gainer, soaring 13.27%. Adani Energy Solutions jumped…

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Banks, insurance companies may get Sebi nod for non-agriculture trades

MUMBAI: Sebi will engage with the government to allow banks, insurance companies and pension funds to invest in non-agriculture commodity derivative markets, its chairman Tuhin Kanta Pandey said on Wednesday.He said the capital markets regulator is also looking at a proposal to allow foreign portfolio investors to trade in non-cash settled, non-agricultural commodity derivative contracts….

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Sebi leases Rs 7 lakh/month Mumbai luxury flat for chairman; regulator says deal within Board policy – check details here

The Securities and Exchange Board of India (Sebi) has leased a luxury apartment in Mumbai’s upscale Prabhadevi locality for its chairman at a monthly rent of Rs 7 lakh. The apartment will house Sebi Chairman Tuhin Kanta Pandey, who took charge on March 1 this year.According to Sebi, the arrangement follows its existing policy. “Sebi…

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