Mauritius FPIs named in Hindenburg report challenge SEBI norms as September 9 deadline looms

Two Mauritius-based foreign portfolio investors (FPIs), who were mentioned in the January 2023 report on the Adani Group by short-seller Hindenburg Research, have petitioned the Securities Appellate Tribunal, seeking urgent relief from complying with Sebi's new foreign investor norms, court filings accessed by Moneycontrol showed. Both entities filed the case and paid the fee to SAT on August 19, filings showed. The funds alleged Sebi's directions asking them to comply with certain conditions that did not apply to other FPIs have unfairly disadvantaged their investors, according to the petition, which is set for a hearing next week, people with direct knowledge of the matter said. Read more here

Take a look at these key events

Today
Ganesh Chaturthi
Parshuyan Parv
Brazilian Independence Day
Manipur schools to remain closed amid drone, rocket attacks
Cathay Pacific is aiming to have its full fleet of A350 aircraft back
BMW CE 02 India bookings to begin
Tomorrow
Kolkata doctor rape-murder: Another protest in Bengal
LoP Rahul Gandhi to visit US
Trial run of Tata-Berhampur Vande Bharat Express
BJP to launch membership drive in Telangana
Samagra Shiksha’s Literacy Week celebrations to end
Bandra Fair to begin

OMC shares hit day's low on speculation of a fuel price cut

Shares of oil marketing companies (OMCs) Indian Oil Corp, Hindustan Petroleum Corp, and Bharat Petroleum Corp fell over 2 percent to trade near day's lows on September 6, after a new report said cited sources that the government may consider reducing fuel prices, given the recent fall global crude oil prices. Moneycontrol has not been able to independently verify the development. Read here

HDB Financial Services picks Jefferies, JM Financial, Morgan Stanley & Nomura and kicks-off mega IPO

Banking behemoth HDFC Bank's subsidiary HDB Financial Services has engaged four investment banks as advisors for its proposed big-bang initial public offering (IPO), namely Jefferies, JM Financial, Morgan Stanley & Nomura , four persons in the know told Moneycontrol on the condition of anonymity. In a kick-off meeting, the issuer firm discusses key plans and the roadmap for the IPO along with the roles and responsibilities for the advisors who are brought together. Read more here

Retirement planning: 5 tips from Ganesha to remove obstacles for an independent retired life

Ganesh Chaturthi, a festival celebrated across India, symbolises new beginnings, wisdom and prosperity. Ganesha, revered as the remover of obstacles and the deity of intellect, provides us with timeless lessons that can be applied to various aspects of life, including financial planning for retirement. Here are five smart pieces of wisdom inspired by Ganesh Chaturthi for a secure retirement.

Vivo T3 Ultra 5G launch: This is when Vivo will launch its first ‘Ultra’ smartphone in India

Vivo is long rumoured to launch its most powerful Series T smartphone – the T3 Ultra. Several leaks and rumours have already revealed what to expect from the phone. Now, Vivo has officially teased the launch of the phone in India. Along with this, the company has also confirmed the launch date for the upcoming smartphone on Flipkart. Launch date in India, price and other details here

New variants of Hyundai Exter SUV launched, prices start from Rs 7.86 lakh

Hyundai Motor India Limited (HMIL) today introduced two new variants S+ (AMT) and S(O)+ (MT) featuring smart electric sunroof in its popular entry SUV, the Hyundai Exter ahead of the upcoming festive season. Both the variants will come with 1.2l Kappa petrol engine. The S+ (AMT) will be available at Rs 8,43,900 and the S(O)+ (MT) will be available at Rs 7,86,300. Key features here