Tue, Nov 5, 2024 10:52 AM
TGI Friday’s seeks buyer amid bankruptcy, revenue challenges
A Flip by Shubhangi Gupta
Lawyers slammed the SEC for a lack of clarity on regulation when it comes to virtual assets. A motion to dismiss an amended complaint was filed on Nov. 4. It claimed the SEC is refusing to “articulate any standard” when it comes to determining which crypto asset transactions qualify as investment contracts.
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Today, the shares of Tembo Global Industries Ltd hit the upper circuit and are at around Rs 601.25 per share on the NSE. The company’s current market capitalization stands at Rs 667.61 crore. Additionally, the shares have delivered an impressive multibagger return of around 170 per cent in the past 1 year only.
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Treasury income of most banks jumped sharply by 50-150 percent on a yearly basis in the second quarter of FY25 due to fall in yields on the government securities, according to the Moneycontrol’s analysis. Banks that reported sharp increase in treasury gains or income are Bank of Baroda, Canara Bank, Punjab National Bank, Union Bank of India, UCO Bank, Bank of Maharashtra, Central Bank of India.
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