Parshwanath settles case with SEBI
Ahmedabad-based realty firm Parshwanath Corporation has settled a case, related to alleged violation of capital market norms, with regulator SEBI after paying ₹6 lakh. According to an order dated December 6, the realty firm had filed an application to settle the “proposed adjudication proceedings” for the alleged violation of the Securities Contracts (Regulation) Rules. In October, the firm paid the settlement amount of ₹6 lakh, following which the Securities and Exchange Board of India. In a separate matter, Coflexip Stena Offshore settled a case with SEBI after paying ₹2 lakh. The issue related to alleged disclosure lapses.
Markets rebound Taking cues from overnight tech stocks’ rally in US, most Asian markets rebounded on Thursday. Benchmarks of India and Japan closed over 1 per cent BLOOMBERG