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Fino Payments Bank has settled a securities law violation case with Sebi for 5.8 lakh. The bank failed to promptly disclose material events concerning employee fraud, despite receiving an investigation report. Sebi noted the significant impact on the company's share price due to the delayed and incomplete disclosures.
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News and Media
Canara Robeco Asset Management Company's IPO will open on October 9. The issue is priced between 253 and 266 per share. This is an offer for sale by existing shareholders. Canara Bank and ORIX Corporation Europe are divesting their stakes. The IPO aims to raise 1,326 crore. The offer will close on October 13.
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News and Media
The Indian rupee is hovering near its record low against the US dollar. Concerns over US trade policies and slower investment are impacting the currency. Public sector banks, likely acting for the Reserve Bank of India, are selling dollars to support the rupee. The currency has been trading within a narrow range for several days.
Category:
News and Media
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