Ahmedabad, Jan 2 (IANS) The Directorate of Enforcement (ED), Ahmedabad Zonal Office, has made a major seizure in connection with a fraudulent stock market investment scam that targeted common investors. Acting under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, the ED recovered proceeds of crime worth several crores from the accused, Himanshu alias Pintu Bhavsar, and others.During the search and seizure operations, the ED recovered silver bullion weighing 110 kg valued a…
Latest Stock Market News & Updates
Mumbai, Dec 29 (IANS) Shares of Timex Group India fell sharply in early trade on Monday, after the company’s promoter launched a two-day offer for sale (OFS) at a steep discount. The stock dropped nearly 10 per cent in the morning session — reflecting selling pressure triggered by the OFS announcement.The share price of Timex Group India slipped as much as 9.6 per cent to an intra-day low of Rs 318.The decline came after the promoter fixed the OFS floor price at a significant discount to the …
Mumbai, Dec 22 (IANS) Shares of Meesho Limited came under sharp selling pressure on Monday, as the stock hit a 10 per cent lower circuit. This was the second straight session of decline for the newly listed e-commerce company.Over the last two trading days, Meesho shares have fallen nearly 17 per cent, after dropping around 7 per cent on Friday.The recent fall indicates that some investors may be booking profits after the stock’s strong rally following its market debut.Meesho shares had more t…
The Securities and Exchange Board of India (SEBI) has exposed one of the largest stock market education scams in recent…