Enforcement Directorate slaps money laundering case on Franklin MF

[Business-Standard]( Daily Newsletter 4 March 2021 [Facebook]( [RSS]( [Twitter]( [Google Plus]( [Twitter]( [YouTube]( [Markets]( [Companies]( [Banking]( [Economy]( [Opinion |]( [Life]( [Management]( [Technology]( LIVE MARKETS [SENSEX]( 51444.65 (1147.76) [NIFTY]( 15245.60 (326.50) GOLD (MCX 10 GM) 44979.00 (-569.00) SILVER (MCX 1 KG) 65926.00 (-1413.00) USD ($) / INR(Rs) 73.45 (-0.23) Front Page [Enforcement Directorate slaps money laundering case on Franklin MF]( Sebi issues show-cause notice and summons to fund house, its officials who redeemed their investments [Covaxin shows 81% efficacy in phase-3 trials, says Bharat Biotech]( Firm is gearing up to produce 40 million doses a month. Two Bio-safety Level-3 facilities (which can deal with deadly and contagious viruses) ... [Adani Ports to acquire 31.5% in Gangavaram Port for Rs 1,954 crore]( Acquisition expands APSEZ's market share to 30 percent across 12 locations in India. The acquisition is subject to regulatory approvals [Market bulls charge ahead: Sensex gains 1,147 pts, Nifty surges past 15,000]( Bajaj Finserv was the best-performing Sensex stock, rising 5.2 per cent; Reliance Industries and Bajaj Finance surged 4.5 per cent and 4.5 per ... [Premium Content][Hero MotoCorp, Bajaj Auto offer steep discounts to push key segment sales]( Move reflects sustained pain in world's largest two-wheeler market, as it covers two segments accounting for 75% of its size and comes despite ... [Premium Content][Job offers aplenty at top business schools, but salary growth muted]( Despite pandemic, nearly all students get placed after final rounds in top institutes [Premium Content][Banks in talks with Shapoorji Pallonji Group to resolve RHFL impasse]( An SP group source said the dues from Reliance Home Finance are to a joint venture company and not Shapoorji Pallonji alone [Premium Content][Govt may cut reserve price of spectrum ahead of the 5G auction: CLSA]( Reserve price for future auction could be cut, says CLSA [Premium Content][Govt non-committal on Jet Airways' historical rights on flight slots]( DGCA and Civil Aviation ministry informed the Mumbai bench of NCLT that Centre will favourably consider application of slots to revive the ... [Premium Content][Panel considers a Gujarat-like model of staggered payments to cane growers]( Farm leaders object to Gujarat-like model, say can't take pay in tranches Companies [Premium Content][An eldertech start-up is looking to keep seniors healthy and happy]( The year gone by has triggered serious concern for the ageing population, a segment of society that has forever struggled with a pervasive and ... [Premium Content][Paytm Money targets over 10 mn users, 75 mn yearly transactions in FY22]( Young investors are the target audience for most of the new-age start-ups offering MF and other investments. [Doha Bank plea on resolution of Reliance Infratel upheld by NCLT]( The National Company Law Tribunal (NCLT) has upheld the petition of Doha Bank seeking priority payment for the financial creditors of Reliance ... [Axis Bank partners WhatsApp to offer basic banking services]( Axis Bank on Wednesday said it will be available on popular social messaging app WhatsApp and will allow basic banking services, including ... [» Read More Stories in Companies]( Economy & Policy [Services activity at 1-yr high on rise in demand, favourable mkt conditions]( If growth sustains in March, GDP may expand in Q4, contrary to official forecast [Power to administer new digital media rules not with states, UTs: Centre]( The Centre has told all states and union territories that the power to administer the new rules on digital media publications has not been ... [CII asks Haryana to relook its Bill on 75% jobs for locals in pvt sector]( Says at a time when it is important to attract investments at the state level, Haryana govt could have avoided imposing curbs on industry [Premium Content][Poll-bound states spend heavily this year amid ambitious Budget projections]( But their Budget numbers are inclined to be overstated due to substantial revisions in revenues and grants shared by the Centre [» Read More Stories in Economy & Policy]( Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) [3M India]( 25963.65 3.82 [AAVAS Financiers]( 2281.00 1.02 BSE TOP GAINERS Company Price (Rs) Change (%) [IFCI]( 12.82 19.93 [Adani Total Gas]( 663.95 15.63 BSE 52-WEEK LOW Company Price (Rs) Change (%) BSE TOP LOSERS Company Price (Rs) Change (%) [Ircon Intl.]( 91.10 -6.90 [Just Dial]( 906.75 -6.21 [HDFC, LIC Hsg: Stick to sound HFCs as SBI cuts home loan rate, say analysts]( Low home loan rates by banks could put large players in an advantageous position over smaller non-bank players, believe analysts [Premium Content][IRCTC's shares pick up speed on marked revival in travel activity]( The stock has advanced nearly 30 per cent since February this year [Premium Content][FPIs bat for common platform to avail Budget benefit on dividends]( Tax consultants and custodians are also putting heads together to standardise the kind of documents needed to be furnished by FPIs, which can be ... [How SPACs can help make Indian firms a key part of global listed markets]( At a time when many Indian firms are eyeing overseas listing and many SPACs are looking at targets in Asia to offer better deals to ... [» Read More Stories in Markets]( Opinion [Premium Content][Wasted spectrum]( Telecom auction fails price discovery test [Premium Content][Focused approach]( Targeting specific products will help the agri sector [Premium Content][Success beyond software and services]( India dominates the world market in motorcycles. What will it take to replicate this success in other industries? [Premium Content][Business before Atmanirbhar]( Many multinationals were already sourcing items across categories from India for overseas buyers [Premium Content][India's Interventionist State: Bolster govt capability, reform management]( Building state capability is not an easy process, especially in a democratic setup [» Read More Stories in Opinion]( Finance [Premium Content][Explained: What is NUE licence for retail payments and who's interested?]( Customer retention, gains from float money and product innovation are the key reasons for banks to jump on the new for-profit platform for ... [HDFC cuts key interest rate on home loans by 5 bps from March 4]( The announcement comes close on the heels of SBI reducing interest rates on home loans [Bank of Baroda raises Rs 4,500 cr through Qualified Institutional Placement]( The committee in its meeting last week had approved raising up to Rs 4,500 crore through an issue of equity shares through QIP [Extreme weather events put $84 billion of Indian bank debt at risk]( Banks flagged exposure to environmentally sensitive businesses including cement, coal, oil and power. They also listed effects of cyclones and ... [» Read More Stories in Finance]( Technology [Elon Musk suggests 'Starbase' name change for Texas launch town]( "Creating the city of Starbase, Texas," Musk tweeted Tuesday. "From thence to Mars, And hence the Stars [Won't adopt new tracking tech after phasing out third-party cookies: Google]( Third-party cookies have been a longstanding source of privacy concerns, so Google proposes instead grouping together web users with similar ... [Premium Content][Short video apps launch smart features to make money, shed TikTok clone tag]( According to a RedSeer report, 40% of TikTok's 170 million India user base has already been captured by homegrown apps such as Josh, Moj, and ... [MediaTek unveils new artificial intelligence-based 4K smart TV chip]( Chipmaker company MediaTek on Wednesday unveiled its new 4K smart TV chip -- MT9638 -- with an integrated high-performance Artificial ... [WhatsApp update allows animation for voice messages, 'disable receipts']( Instant messaging application WhatsApp Messenger's latest update on iOS has brought a slew of features including a new animation for voice ... [» Read More Stories in Technology]( PF [Premium Content][Multiple benefits of deferred annuities: How you can choose the right one]( Savvy investors can expect to earn better returns by investing in alternatives [» Read More Stories in PF]( Beyond Business [Premium Content][ALIEN toolkit for our times]( Book review of A.L.I.E.N. Thinking: The Unconventional Path to Breakthrough Ideas [» Read More Stories in Beyond Business]( [About us]( | [Partner With Us]( | [Job@BS]( | [Advertise with us]( | [Connect BS]( | [Refer a friend]( Ensure that you always receive messages from business-standard.com Add bsemailservices@business-standard.net.in to your Address Book or Safe List. If you can not view this message, please click here | For unsubscribe click here If you do not wish to receive Business Standard e-mails in the future, please [click here](mailto:rm-===Xmxkb===E5===La===Q===F0b===Hk===Bam===B9a0===Q=@mailmx1.stakemail.com?subject=Unsubscribe&body=Unsubscribe me.) to unsubscribe