The change has prompted at least three investor lawsuits - against AT&T, Axon Enterprises and PepsiCo - and potentially more to follow. By stepping back, the SEC injected uncertainty into the engagement process, said Giovanna Eichner, shareholder advocate at Green Century Capital Management, a climate-focused Boston asset manager.
Citigroup offloaded ₹70 crore worth shares in Clean Max Enviro Energy Solutions at a 20% discount to its IPO price after a weak debut on National Stock Exchange of India. The stock ended sharply lower amid muted retail participation despite institutional interest.
Securities and Exchange Board of India fined Coffee Day Enterprises and nine officials ₹38 lakh for misstating financials between FY20 and FY25. The regulator cited unreported interest expenses, governance lapses, and violations of disclosure norms, while rejecting settlement pleas after adjudication proceedings.
European gas prices extended gains on Monday after state-run energy firm QatarEnergy halted liquefied natural gas production following Iranian attacks on facilities at two of its main gas processing bases.
Domestic gold prices surged Rs 7,600 per 10 gram, nearly 5%, as the Iran-Israel/US conflict intensified, triggering safe-haven demand. MCX April futures hit Rs 1,69,679 amid rupee weakness and global risk-off sentiment, with technical indicators signalling sustained bullish momentum and buy-on-dips opportunities.
On Monday, the benchmark Sensex tumbled nearly 1,048 points, closing at 80,238. Amid the broader market decline, five stocks in the BSE 100 LargeCap TMC index hit fresh 52-week lows.
Conflict in the Middle East has moved from a fringe risk to a top worry for investors unsettled by the prospect of a power struggle in Iran and a protracted regional war, with ramifications for everything from global trade to inflation.
Gold prices could surge to USD 6,000 per troy ounce and rupee may weaken to 92-92.5 against USD if the Middle East conflict escalates further, according to a report by Elara Capital.
Amidst Middle East tensions, Ajay Srivastava advocates a 33-33-33 portfolio of precious metals, Indian equities, and international stocks. He advises against FMCG and domestic consumption, favoring hard assets like gold, silver, and base metals due to currency depreciation and industrial demand. Srivastava also highlights export-driven auto opportunities and overseas defence investments.
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