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22 Sep 2023, 16:55

Sebi empanels 34 entities for conducting forensic investigation of mutual funds, AMCs, trustees

Sebi empanels 34 entities for conducting forensic investigation of mutual funds, AMCs, trustees

Sebi empanels 34 entities for conducting forensic investigation of mutual funds, AMCs, trustees

India's market regulator, Sebi, has empanelled 34 entities, including Ernst & Young LLP, Deloitte Touche Tohmatsu India LLP and Grant Thornton Bharat LLP to conduct forensic investigation of mutual funds, their asset management companies (AMCs) and trustees. The entities are required to undertake acquisition, extraction and analysis of digital evidence from mobile, computers, tablets, hard drives and USB drives.

Sensex, Nifty extend losses into 4th session; HDFC stock weighs
BI India Bureau
22 Sep 2023, 16:34

Sensex, Nifty extend losses into 4th session; HDFC stock weighs

Equity benchmark indices, the Sensex and the Nifty, stayed on the back foot for the fourth straight session on Friday. The 30-share BSE Sensex declined 221.09 points or 0.33%. The Nifty fell 68.10 points to end at 19,674.25. Wipro was the biggest loser among Sensex firms. IndusInd Bank, Maruti, State Bank of India, Mahindra & Mahindra were among the gainers.​

Red flags for Indian equities emerge after crude oil jumps 30% since June this year
Malini Bhupta
22 Sep 2023, 12:45

Red flags for Indian equities emerge after crude oil jumps 30% since June this year

After rallying relentlessly for three weeks, Indian equities appear to be losing steam. Crude prices are up 30% since June this year too and have gone past $90/barrel. BNP Paribas says an overwhelming sense of fatigue has engulfed Asian equities and anecdotal evidence is suggestive of investor indecision. Kotak Institutional Equities say higher crude prices are a risk to corporate profitability.