Thursday, November 28
BENGALURU: Embassy Office Parks REIT, the first listed real estate investment trust (REIT) in India and the largest office REIT in Asia by area, said that its CEO, Aravind Maiya, will be stepping down from his role following a directive from the Securities and Exchange Board of India (SEBI). This decision follows an interim order and show-cause notice issued by SEBI on November 4, 2024, which mandated the immediate removal of Maiya as CEO. SEBI's action came after the National Financial Reporting Authority (NFRA) debarred Maiya for ten years and imposed a penalty of Rs 50 lakh for "professional misconduct" related to the audit of Coffee Day Enterprises. This audit allegedly concealed a significant fraud. The NFRA issued its order on August 19. Embassy REIT affirmed that they are reviewing
BENGALURU: Embassy Office Parks REIT, the first listed real estate investment trust (REIT) in India and the largest office REIT in Asia by area, said that its CEO, Aravind Maiya, will be stepping down from his role following a directive from the Securities and Exchange Board of India (SEBI). This decision follows an interim order and show-cause notice issued by SEBI on November 4, 2024, which mandated the immediate removal of Maiya as CEO. SEBI's action came after the National Financial Reporting Authority (NFRA) debarred Maiya for ten years and imposed a penalty of Rs 50 lakh for "professional misconduct" related to the audit of Coffee Day Enterprises. This audit allegedly concealed a significant fraud. The NFRA issued its order on August 19. Embassy REIT affirmed that they are reviewing
Benchmark Sensex tanked nearly 942 points to settle at a three-month low while Nifty crashed below 24,000 on Monday dragged down by heavy selling in Reliance Industries and banking shares.Stocks that were in focus include names like IRCTC, which fell 2.01%, IRFC, which was down 3.26%, and Raymond, whose shares jumped nearly 2% on Monday.Here's what Ameya Ranadive CMT CFTe, Sr Technical Analyst, StoxBox, recommends investors should do with these stocks when the market resumes trading today.1. IRCTCIRCTC is trading at Rs 816, currently at a pivotal price range of Rs 825-800, which has proven to be a crucial support zone. The stock has faced a steep decline of around 30% from its peak, setting it at a multi-month low. Market sentiment around IRCTC remains cautious as it moves within a downwar
