DHFL

Sebi fines JM Financial MF, ex-CEO, others for violations

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Sebi fines JM Financial MF, ex-CEO, others for violations

The Securities and Exchange Board of India (Sebi) has imposed a total penalty of ₹2 crore on JM Financial Asset Management, its trustee company, its former chief executive Bhanu Katoch and four other individuals for violating mutual fund rules. The regulator had observed an unusual jump in in the net asset value (NAV) of a … Read more

Piramal Enterprises Q4 results: Piramal Enterprises back in the black on large tax write-back

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Piramal Enterprises Q4 results: Piramal Enterprises back in the black on large tax write-back

MUMBAI: Piramal Enterprises (PEL), the non-banking finance company of the real estate and pharma group swung to a profit in the March quarter helped by a large tax write-back even as higher funding costs and continued paring of its wholesale loan book pressured earnings. The consolidated net profit was 137 crore from a loss of … Read more