Indian equity benchmark indices ended lower after a marginal recovery on Friday as Reliance Industries rebounded losses to lead the indices after it announced 21 August as the listing date of its demerged financial unit, Jio Financial Services.
On Friday, the BSE Sensex fell 373.99 points or 0.57 per cent, and the Nifty declined 118.15 points or 0.60 per cent.
Jio Financial Services Ltd (JFSL), a demerged entity of Reliance Industries, will be listed on the bourses on 21 August. The stock would be in Trade-for-Trade segment for 10 trading days, the stock exchanges said. JFSL will continue to remain in the FTSE indices.
The Commonwealth of Massachusetts and Pennsylvania Department of Revenue have imposed a penalty of $1124.6 and $12.28, respectively, on the IT giant. However, there is no significant impact on operations or other activities of the company.
The Competition Commission of India (CCI) has imposed a penalty of Rs 40 lakh on the private lender for failing to notify the authority about its acquisition of stake in CSC e-Governance. The regulator said that the transaction under consideration comprised acquisition of 9.91 per cent stake in CSC e-Governance by Axis Bank in November 2020. The bank was required to give notice to CCI as part of the transaction.
The watch and jewellery retailer has raised its stake in CaratLane Trading Private Ltd to 98.28 per cent from 71.09 per cent, for Rs 4,621 crore for the additional stake purchase, the company said in a statement to exchanges.
Adani Group has clarified hat Abu Dhabi-based TAQA was not considering a multibillion dollar investment in Adani Energy Solutions, formerly Adani Transmission. The company said that it was not involved in talks with the Abu Dhabi National Energy Company PJSC at this time, as rumoured.