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The ban will be harsh on companies that eventually come clean post Sebi investigation, feel analysts LATEST NEWS    :   If you hold shares in any of the suspected shell companies that have been banned from trade following the Sebi order on Monday, you have a genuine reason to worry – at least for now. On Monday, market regulator Sebi, directed the stock exchanges to ban trading in shares of 331 suspected shell companies and placed them under a graded surveillance measure (GSM) stage VI, where trading in the security is allowed only once a month with “surveillance deposit” of three times the trade value. According to reports, mutual funds and investors collectively own shares worth nearly Rs 9,000 crore in these entities, with at least five companies commanding a market capitalisation (market-cap) of Rs 500 crore each. Some of the prominent ones among those banned include J Kumar Infraprojects, Parsvnath Developers, Prakash Industries, SQS India BFSI, ...

Amazon Great Indian sale starts from August 9 and will go on till August 12. Know latest offers LATEST NEWS :     The season of the online sale is back and it's time to lighten your pockets once more. Starting from tomorrow, the sale will go on until August 12. Amazon will be offering discounts on smartphones and mobile accessories. The Amazon Great Indian sale will feature deals offered by thousands of sellers and brands on select products. Users on the Amazon app as well as the web will have access to it. Amazon Great Indian sale - Smartphone offers In the Amazon Great Indian Sale, customers can get 40 per cent off on mobiles and accessories which would also include up to 35 per cent discount on iPhones. Amazon will be offering discounts on smartphones and mobile accessories, and the list of devices includes Apple’s iPhone 7, 7 Plus, iPhone 6s, iPhone 6, along with OnePlus 3T, Lenovo, Moto, Samsung, Honor, Coolpad devices. There will be discounts...

The stock zoomed 208% from Rs 45.20 to Rs 139, as compared to 21% rise in Sensex till Monday. LATEST NEWS  : Prakash Industries , Parsvanath Developers and J Kumar Infraprojects are among 331 companies that the market regulator banned trading, have rallied by up to 208% during the current calendar year 2017 (CY17). The Securities and Exchange Board of India (Sebi) has directed stock exchanges to initiate action against 331 firms that it suspects are shell companies and are listed on the bourses. Trading in all such listed securities, Sebi said, shall be placed in Stage VI of the Graded Surveillance Measure (GSM) with immediate effect. If any listed company out of the said list is already identified under any stage of GSM, it shall also be moved to GSM stage VI directly, the order says. ALSO READ: Sebi bans trade in suspected shell companies. Here is the full list Among individual stocks, Prakash Industries had zoomed 208% from Rs 45.20 to Rs 139 thus far...

The new Milli Muslim League party will follow the ideology of Jamaat-ud-Dawa (JuD) LATEST NEWS : A Pakistani charity that the United States accuses of being a front for anti-India militant group that staged the 2008 Mumbai attacks has entered politics by forming a new party, charity officials said on Monday. The new Milli Muslim League party will follow the ideology of Jamaat-ud-Dawa (JuD), which the U.S. says is a front for banned militant group Lashkar-e-Tayyaba (LeT) and is run by Hafiz Saeed , the alleged mastermind of the 2008 attacks that killed 166 people. "We have decided to make a new political party, so that Pakistan is to made a real Islamic and welfare state," said Milli Muslim League President Saifullah Khalid. Tabish Qayoum, a JuD activist who will work as spokesman for Milli Muslim League, said the charity had filed registration papers for a new party with Pakistan's electoral commission. "It is now need of the hour to get y...

Auto cos also said a constant shift in policy makes long-term planning for the market highly risky LATEST NEWS : Luxury vehicle manufacturers on Monday hit out at the move to hike cess on large cars and SUVs to 25 per cent, saying it was against the spirit of liberal market dynamics and would affect future plans of expansion under 'Make in India' initiative. Toyota Kirloskar Motor, Mercedes-Benz, Audi, and BMW were unanimous that increase in cess on large, luxury cars and SUVs that had become cheaper after GST rollout would dampen the spirits of the industry across the entire value chain. The companies also said a constant shift in policy makes long-term planning for the market highly risky, and it would only have an adverse impact on India's financial ratings. Under the current GST rates, SUVs, large and luxury cars attract the top tax rate of 28 per cent with an additional 15 per cent cess. "The message that we are getting from the govern...

Though it is more diversified, conservative investors are better off in broader-based ETFs LATEST NEWS       : The retail investor’s experience with central public sector enterprises’ exchange-traded fund (CPSE-ETF) hasn’t been too bad. Except for a blip in the calendar year 2015, when the fund’s net asset value fell 14 per cent, returns in 2014 and 2016 were 29 per cent and 18 per cent, respectively — substantially higher than the BSE Sensex’s returns of 23 per cent and 1.9 per cent for the corresponding periods. The going was reasonably good even in 2017, with return of 7.8 per cent till August 4. And there was a 5 per cent discount in the new fund offer and follow-on offers for retail investors. But, returns were good because of a single reason: This energy-heavy index (60 per cent in energy stocks) was able to perform as the sector was doing well. “It is a thematic fund. So, investors betting on the sector would have been able to make good retu...

His entry into Rajya Sabha is a precursor for the bigger role awaiting him if Modi wins 2019 LATEST NEWS :      Amit Shah was appointed the Bharatiya Janata Party president on 9 July 2014. The BJPs national council stamped its approval on the decision of its parliamentary board a month later on August 9, 2014. Shah, therefore, officially completes three years as the party chief on Tuesday, when he is, incidentally, also on the cusp of taking the next big step in his eventful political career. Shah is set to enter the Rajya Sabha from Gujarat, which many in the party think is the precursor to his taking up more onerous responsibilities in the union council of ministers once he delivers an encore for Prime Minister Narendra Modi in the 2019 Lok Sabha polls. Shah was Modi’s home minister when the former was the Gujarat chief minister. Some within the BJP see Shah’s entry into the Upper House as the party’s succession plan. By entering Rajya Sabha,...