Tue, Mar 26, 2024 1:25 PM
JM Financial trades 4% down, IIFL Finance sheds 5.5% as RBI initiates audit
A Flip by Shubhangi Gupta
Indian Oil Corporation's board has approved a ₹4,382.21 crore joint venture with MCPI Private Ltd to set up a yarn project in Odisha, with Indian Oil's equity contribution amounting to ₹657.33 crore. The project includes a 900 TPD continuous polymerization unit and downstream units for various yarn products.
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Novo Nordisk's new obesity drug CagriSema helped patients lose 22.7% of their weight in a late-stage trial, falling short of the expected 25% result, causing the company's share price to drop 19.5% to its lowest since August 2023. Reuters quoted Novo Nordisk as saying on Friday, adding the results were 25 percent they had expected.
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The board of the Securities and Exchange Board of India (SEBI) may well have refused to clear the SEBI (Prohibition of Unexplained Suspicious Trading Activities in the Securities Market) Regulations at its meeting earlier this week, but that is not the end of the story for the much-feared and tough set of rules to act against wrongdoers and offenders.
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