Invesco Asset Management India, its CEO Saurabh Nanavati and four others on Wednesday settled with markets regulator Sebi a case on alleged non-segregation between the mutual fund activities and portfolio management activities of the company after payment of nearly Rs 5 crore. The four others were Sujoy Das, Nitish Sikand, Krishna Cheemalapati and Suresh Jakhotiya.
Open FlipInvestors' wealth surged Rs 8.48 lakh crore in four days of market rally where the BSE benchmark has climbed nearly 2 per cent amid firm global trends. The 30-share BSE Sensex climbed 114.49 points or 0.16 per cent to settle at 73,852.94 on Wednesday. During the day, it jumped 383.16 points or 0.51 per cent to 74,121.61. In the last four days, the BSE benchmark climbed 1,363.95 points.
Open FlipBENGALURU: Embattled Chinese property developer Country Garden said it has won bondholders' approval to further delay payments on three onshore bonds to September, in order to give it more time to raise funds. The largest Chinese private developer, which has defaulted on its $11 billion offshore bonds and is working on an offshore debt restructuring plan, had in September.
Open Flip