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7 of top 10 firms lost ₹1.32 lakh crore in market-cap, starting with Reliance

7 of top 10 firms lost ₹1.32 lakh crore in market-cap, starting with Reliance

by Green Earth Spaces | Apr 17, 2022 | Realty

[ad_1] Seven of the 10 most valued firms suffered a combined erosion of ₹1,32,535.79 crore in market valuation last week, with Reliance Industries emerging as the worst hit.In the holiday-truncated week, the Sensex tumbled 1,108.25 points or 1.86 per cent.While...
Centre amends FEMA rules to allow 20% FDI in LIC

Centre amends FEMA rules to allow 20% FDI in LIC

by Green Earth Spaces | Apr 17, 2022 | Realty

[ad_1] The government has amended rules of the Foreign Exchange Management Act (FEMA), paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC. The government is planning to dilute its stake in LIC through the Initial Public...
Sri Lanka stock exchange to halt for five days from April 18

Sri Lanka stock exchange to halt for five days from April 18

by Green Earth Spaces | Apr 16, 2022 | Realty

[ad_1] The board of directors of the stock exchange, along with other stakeholders, had sought a temporary closure of the market, the Securities and Exchange Commission of Sri Lanka said in a statement on Saturday. Sri Lanka’s securities commission ordered the Colombo...
Twitter has a ‘poison pill’ to defeat Elon Musk takeover. What is it?

Twitter has a ‘poison pill’ to defeat Elon Musk takeover. What is it?

by Green Earth Spaces | Apr 16, 2022 | Realty

[ad_1] Twitter is trying to thwart billionaire Elon Musk’s takeover attempt with a “poison pill” — a financial device that companies have been wielding against unwelcome suitors for decades.WHAT ARE POISON PILLS SUPPOSED TO DO?The ingredients of each...
Twitter says it will defend against Elon Musk buyout bid

Twitter says it will defend against Elon Musk buyout bid

by Green Earth Spaces | Apr 15, 2022 | Realty

[ad_1] Twitter Inc. adopted a measure that would shield it from hostile acquisition bids, taking steps to thwart billionaire Elon Musk’s unwelcome offer to take the company private and make it a bastion of free speech.The board set up a shareholder rights plan,...
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