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Sebi penalises 4 entities for engaging in non-genuine trades on BSE

by October 18, 2024 0 In Most Recent Stories

Sebi has imposed penalties totaling Rs 20 lakh on Preview Vinimay Pvt Ltd, Paramjyoti Tradelinks, Siddharth Kalani, and Anil Kumar Banka for conducting non-genuine trades in BSE’s illiquid stock options segment, leading to artificial volumes through reversal trades. This violation of Sebi’s PFUTP Regulations, 2003, follows earlier fines on three other entities for similar...

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American Express profit surpasses estimate on robust customer spending

by October 18, 2024 0 In Most Recent Stories

American Express exceeded third-quarter profit expectations as increased card spending offset higher provisions for credit losses, which rose to $1.4 billion. Despite economic uncertainties, the company’s profit grew by 2%, reaching $2.51 billion, and per-share earnings surpassed forecasts. Shares rose 2% in pre-market trading, complementing an 8% revenue increase to $16.64 billion.

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Zee Q2 profit up 70% to Rs 209 crore

by October 18, 2024 0 In Most Recent Stories

Zee Entertainment Enterprises Ltd (ZEEL) reported a 70.24% increase in consolidated net profit to Rs 209.4 crore for Q2 FY25 due to effective cost management, despite an 18.93% decline in total income. Advertising revenue fell by 7.9%, while subscription revenue grew by 9.24%.

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