No change in petrol and diesel prices: Reliance shareholders will get one more share in exchange for one, SEBI employees are demanding Buch's resignation

Mumbai18 minutes ago

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Yesterday’s big news was related to Reliance. Yesterday, on September 5, the board of Reliance Industries approved the issuance of bonus shares to shareholders in the ratio of 1:1. 1:1 ratio means that eligible shareholders will get one share of Reliance Industries in exchange for one.

Hundreds of employees of the Securities and Exchange Board of India (SEBI) protested against the top management on Thursday morning. The employees allege that the top management exerts pressure on them regarding work. The employees are demanding the resignation of SEBI Chief Madhabi Puri Buch.

At the same time, Adani Group Chairman Gautam Adani has said that people still ask me why I came to Mumbai and why I did not complete my studies? The answer to this lies in the heart of every youth who dreams and sees boundaries not as obstacles but as challenges.

Before tomorrow’s big news, today’s major events, which will be in focus…

Flat trading can be seen in the stock market today (Friday).
Second day of investment in Gala Precision Engineering IPO
On the first day, it was filled 201.41 times the issue price.
The shares of Bazaar Style Retail Limited will be listed on the stock exchange.
There has been no change in the prices of petrol and diesel.

1. Reliance board approves bonus shares: Shareholders will get one share for one share of the company, stock increased by 24.55% in one year

The board of Reliance Industries yesterday, on September 5, approved the issuance of bonus shares to shareholders in the ratio of 1:1. 1:1 ratio means that eligible shareholders will get one share of Reliance Industries in exchange for one. The company will soon announce the record date to identify eligible shareholders.

This will be the sixth time after 1980, 1983, 1997, 2009 and 2017 that the company will issue bonus shares to its shareholders. The record date for the bonus issue has not been decided yet. Reliance had announced its pre-AGM meeting on August 29.

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2. SEBI employees protest against top management: Accusation of work pressure, demand for resignation of SEBI chief Buch

Hundreds of employees of the Securities and Exchange Board of India (SEBI) protested against the top management today, i.e., Thursday morning. The employees allege that the top management exerts pressure on them regarding work. The employees are demanding the resignation of SEBI Chief Madhabi Puri Buch.

Last month, SEBI employees had written a letter to the Finance Ministry in this matter and expressed concern about the toxic work culture. Employees had accused the leadership of using harsh language, setting unrealistic targets and micromanagement.

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3. Adani said- I broke my limits at the age of 16: People still ask me- why did I not complete my studies, why did I come to Mumbai

Adani Group Chairman Gautam Adani has said that people still ask me why I came to Mumbai and why I did not complete my studies? The answer to this lies in the heart of every youth who dreams and sees boundaries not as obstacles but as challenges.

He said, I was only 16 years old when I decided to break my first boundary. With the education I had, I had to move towards an unknown future in Mumbai. In 2014, the country got good governance and big reforms under the leadership of PM Modi.

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4. Raymond Lifestyle shares listed at ₹3,000 up 99%: Currently in lower circuit of 5%; Company has 60% share in suiting segment

Shares of Raymond Lifestyle, which was separated from its parent company Raymond, have been listed on the stock exchange today. The company’s shares were listed on the Bombay Stock Exchange (BSE) at Rs 3,000, up 99.5%. Its base price was Rs 1,503.3 per share.

At the same time, the stock was listed on the National Stock Exchange (NSE) at Rs 3,020, up 93%. Its base price was Rs 1,562.6 per share. However, after listing, the stock hit a lower circuit of 5%.

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5. Mercedes-Benz Maybach EQS 680 SUV launched in India: Dual electric motors with Level 2 ADAS safety features and all-wheel drive

German automaker Mercedes-Benz has launched its luxury SUV Mercedes-Maybach EQS 680 in India. The company has fixed its price at Rs 2.25 crore.

This is a fully electric SUV, which was introduced in the global market last year. The design of the car is similar to other EQS SUVs. It has a large grille, connected LED headlights and taillights, which give it a premium look.

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Also see who were the top 10 richest people in the world yesterday…