₹1,725 crore. Meanwhile, DIIs registered a net inflow of ₹1,077.86 crore.US stocks dipped on Tuesday after a long weekend, weighed down by rising treasury yields and higher oil prices.
Six of the eight Bermuda and Mauritius-based public funds alleged to have been used by people with ties to the Adani Group for buying shares of the conglomerate’s listed companies, have been shut, according to regulatory filings in these countries accessed by Mint, posing a challenge for the Securities and Exchange Board of India (Sebi) in determining the ultimate beneficiaries of these investment vehicles.The Organized Crime and Corruption Reporting Project (OCCRP), a global network of investigative journalists, recently reported that people with ties to the Adani family secretly held significant stakes in group entities in possible violation of the country’s law on maximum ownership by promoters in listed entities, through some of these funds. (Read More)Jio Financial Services Ltd, the spun-off non-banking financial services division of the Mukesh Ambani-led Reliance Group, is set to be removed from the Nifty50 and other indices as announced by the National Stock Exchange (NSE) on Tuesday, with the effective date being September 7.This move comes after NSE Indices Limited, in a press release issued on July 17, 2023, had previously declared the inclusion of Jio Financial Services Limited (JIOFIN or the demerged entity) into various indices, starting from July 20, 2023 (at the close of trading on July 19, 2023).
Following the successful demerger of the financial services business from Reliance Industries Limited (RELIANCE), JIOFIN was subsequently listed on August 21, 2023, on the National Stock Exchange Ltd. (NSE).
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