In July, which is the last month of I-T return filing, over 5.41 crore returns were filed, taking the total number of filing to over 6.77 crore by the month-end.
Adani Ports & SEZ’s stock fell almost 4 per cent to touch an intraday low of Rs 771 on BSE.
Sebi said that registered investment advisers can give investment advisory services to foreign portfolio investors (FPIs).
ICICI Bank on Saturday reported a 36.08 per cent jump in its net profit at Rs 10,896.13 crore for the September quarter, helped by a sharp decline in provisions and growth in core income.
SEBI said it will complete the investigation in the matter in a time-bound manner and in any event, ‘within a period of 8 months from the date of this order’.
The agency said it had initiated investigation on the basis of various complaints regarding foreign investments received by the company viz M/s Think and Learn Private Limited and the business conduct of the firm.
The Rs 59,000 crore receipts in FY222 and FY23, despite the government reducing its stake in several CPSEs, were aided by higher commodity prices and the policy of the department of investment and public asset management (Dipam) of nudging CPSEs to give higher dividends.
The 30-share BSE Sensex gained 634.65 points, or 1.01 per cent, to end at 63,782.8. The NSE’s Nifty 50 rose 189.95 points, or 1.01 per cent to finish at 19,047.2.
Stock markets were open for trading on Saturday without the planned disaster recovery movements. However, the markets will remain shut on Monday as the Maharashtra government has declared public holiday under the Negotiable instruments Act.
On July 4, the excess liquidity, as reflected by the amount of money absorbed by the Reserve Bank of India (RBI), stood at Rs 2.3 lakh crore- highest in one month. The central bank absorbed Rs 2.22 lakh crore of surplus liquidity on July 3, RBI data showed.