Source Industries (India) Ltd News
Markets snap 6-day decline; Sensex up 584.81 points, Nifty tops 25K
The selloff was triggered by a 30 per cent jump in China markets and rising tensions in the Middle East
 "Markets snap 6-day decline; Sensex up 584.81 points, Nifty tops 25K")
Ultratech Cement stock better placed amid recovery hopes in demand
Cement players hiked prices in Sept'24, but had to roll back prices in the South. In the first week of Oct'24, price hikes have again been announced and it remains to be seen if these are sustained
 "Ultratech Cement stock better placed amid recovery hopes in demand")
Crude futures decline $4 a barrel on pause in Israel-Iran conflict
Brent crude futures were down $3.57, or 4.41%, to $77.36 a barrel at 9:42 a.m. CDT (1442 GMT). U.S. West Texas Intermediate futures were down $3.68, or 4.77%, at $73.45 a barrel
 "Crude futures decline $4 a barrel on pause in Israel-Iran conflict")
Sebi specifies checks for AIFs to curb circumvention and ever-greening
Due diligence has been mandated for schemes where investors from the same group contribute 50 per cent or more to the corpus before availing the benefits of QIB status
 "Sebi specifies checks for AIFs to curb circumvention and ever-greening")
Crisil expects 25% hit on discount brokers' PBT due to regulatory changes
The market regulator's mandate on uniform transaction charges or true-to-label norms, exchanges have removed the rebate benefit available to discount brokers in the previous slab-wise rates
 "Crisil expects 25% hit on discount brokers' PBT due to regulatory changes")
Hindenburg shorts Roblox, alleges inflated metrics like user numbers
Roblox shares fell 9.2% in early trading after the short seller said the company conflated daily active users (DAUs) with the number of people visiting its platform
 "Hindenburg shorts Roblox, alleges inflated metrics like user numbers")
NSDL gets Sebi nod for IPO over a year after filing offer document
At present, NSE holds a 24 per cent share in NSDL, while IDBI is the largest shareholder with a 26 per cent stake
 "NSDL gets Sebi nod for IPO over a year after filing offer document")
