The decline is mainly due to the Reserve Bank of India’s (RBI) decision to withdraw the Rs 2,000 denomination notes from circulation on May 19 this year.
Sebi prohibits insider trading but allows senior management personnel to trade in the shares of their companies under the trading plan framework, introduced in 2015.
The share price hit the lower circuit of 20 per cent after it touched Rs 650.65 apiece.
This will be Brookfield’s third acquisition in the Indian telecommunications space.
Hybrid funds are the solution for that. To make your investing tax efficient, multi asset allocation or hybrid funds are great ways to do it and more so in times like now where one asset class has done well and is at higher valuation and another one is poised to do well.
Among the Sensex firms, Mahindra & Mahindra, Axis Bank, Kotak Mahindra Bank, Larsen & Toubro, Bajaj Finance and UltraTech Cement were the major laggards.
Within a year, this is the second successful launch of a residential project from DLF in the Gurugram market.
India is expected to ban mills from exporting sugar in the next season beginning October, halting shipments for the first time in seven years, as a lack of rain has cut cane yields, three government sources said.
Rishabh Instruments’ stock began the trade at Rs 460, up 4.30 per cent from the issue price on the BSE. It further jumped 6.49 per cent to Rs 469.65.
“Decline in the rate of inflation is primarily contributed by fall in prices of mineral oils, basic metals, chemical & chemical products, textiles and food products,” the ministry said in a press release.