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In the second day of his testimony to Congress on Wednesday, Powell reaffirmed his hawkish message, though struck a cautious note that debate on the scale and path of future rate hikes was still underway and would be data-dependent

Unlike regular private equity (PE) and venture capital (VC) funds which have fixed lives, a PCV can last in perpetuity, and its best examples are famous investment houses like Berkshire Hathaway and Fairfax.

The entities belonging to the late Gautam Kulkarni family and part of the promoter group of Kirloskar Oil Engines Ltd have offloaded nearly 18% stake in the company for Rs 825 crore through block deals.

Sebi asked companies as well as appointed brokers to ensure compliance with the provisions. The stock exchange will monitor their compliance and in case of any instance of such non-compliance will impose appropriate fines or other enforcement actions as deem fit

The drop in the share of tax haven countries was offset by the rising share of highly regulated nations such as the USA, UK, Norway and Japan. The share of USA domiciled funds rose to a record high of 42% in February compared with 38.8% a year ago and 35% Continue Reading

Entities involved in the exchange between VDAs and Fiat currencies or transfer of VDAs or safekeeping and administration of VDAs, and participation in financial services related to an issuer’s offer and sale of a VDA would be ‘reporting entity’ for the purpose of the PMLA.

Shri Gang Industries, with revenue of ₹113 crore and profit of ₹7 crore in the trailing 12 months, has gained 1,911% since April 1. The stock surged nearly 8,800% from ₹2.71 to ₹242.55 between April and September last year and has declined 74% since then.

“The RBI in the February MPC meeting expectedly raised the repo rate by 25 basis points, while higher inflation print in January CPI poses risk of another hike if inflationary expectations do not ease,” said Anand Dama, analyst with brokerage Emkay Global. “With the threat of El Nino on the Continue Reading

Powell told lawmakers the Fed is likely to lift interest rates higher and potentially more quickly than previously anticipated with inflation persisting, an unexpectedly aggressive posture following last month’s step down in the pace of hikes.

In Adani Green Energy, 1,56,65,500 shares or 0.99% more stake has been pledged. With this, a total 2% stake is pledged with SBI Trustee. In Adani Transmission, 85,26,000 shares or 0.76% stake has been pledged. With this, a total 1.32% stake is pledged with the trustee