The Securities Appellate Tribunal (SAT) has granted partial relief to Kotak Mahindra Asset Management Company in a case related to delayed payouts in certain fixed maturity plans (FMPs), while upholding penalties imposed earlier by the capital markets regulator. In an order passed on Friday, SAT set aside the disgorgement of management fees that had been…
Indian markets head into Monday amid fresh uncertainty after US President Donald Trump announced that temporary tariffs on nearly all US imports will be raised from 10% to 15%, just a day after the US Supreme Court struck down his earlier sweeping tariff programme. The back-to-back moves have left investors assessing whether this is a…
KSH International has raised Rs 213 crore from anchor investors ahead of the opening of its initial public offering, signalling strong institutional interest in the magnet winding wires manufacturer even before the public issue hits the market. In a filing to the exchanges on Monday, the company said it allotted 55,46,874 equity shares to anchor…