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No Evidence Of Unfair Trading In Post-Election Market Crash: Minister Of State For Finance

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No Evidence Of Unfair Trading In Post-Election Market Crash: Minister Of State For Finance

“On June 4, 2024, the date of the general election results announcement, the Sensex and Nifty 50 decreased by 5.7% and 5.9%, respectively. The indices recovered within three days and have since reached record levels, with an increase of 12.9% and 13.3%, respectively, as of July 18, 2024,” Chaudhary said.

He added that the approximate Rs 30 lakh crore decrease in market capitalisation on June 4 was fully recovered within five days, and by July 18, market capitalisation had increased by around Rs 59 lakh crore.

SEBI, as the statutory regulator of the securities markets, is tasked with maintaining regulatory and surveillance frameworks to ensure stable market operations and investor protection.

The regulator conducts regular surveillance to uphold market integrity and addresses any alleged violations of its regulations through appropriate enforcement actions under the SEBI Act, 1992.

Chaudhary highlighted that stock market movements depend on investor perceptions and other factors, including global economic conditions, foreign capital flows, domestic macroeconomic parameters, and overall corporate performance.

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(With inputs from PTI)

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Finance

Building a scalable finance function at Coca-Cola Europacific Partners

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Building a scalable finance function at Coca-Cola Europacific Partners

Implementing the “Future of Finance Academy”

KPMG in the UK worked with CCEP to co-create a comprehensive learning program for senior managers and associate directors in its finance function. We began by developing a strong understanding of the unique business context in which the company and its finance team operate.

This also helped us determine the best mode of delivery for its globally distributed finance function and identify opportunities to stretch CCEP’s ambitions further.

For example, the KPMG team proposed turning the final module of the course into a showcase presentation. Trainees applied what they had learned to real business challenges and presented their solutions to the board in a business pitch-style competition. Although this added to finance leaders’ already demanding workload, it proved to be one of the course’s most successful elements, enabling participants to put their new skills into practice.

Before work on the Academy began, KPMG developed a detailed plan setting out how the two teams would work together, ensure consistency across the learning modules, maintain quality assurance, and manage changes to scope.

KPMG professionals then collaborated closely with CCEP to co-create bespoke learning content, with CCEP’s senior finance leaders acting as subject matter experts alongside our own finance specialists. 

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Bangladesh Says $300 Billion Climate Finance Goal Falls Short, Calls for More Support

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Bangladesh Says 0 Billion Climate Finance Goal Falls Short, Calls for More Support
DHAKA, June 23 (Reuters) – Bangladesh called on ⁠Tuesday ⁠for more funds and ⁠faster support for developing countries facing escalating threats from climate change, saying the global climate financing goal of $300 billion per ‌year fell short of ‌their needs. Speaking at the World Economic Forum’s …
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EU and Hong Kong in talks on new financial services dialogue, envoy says

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EU and Hong Kong in talks on new financial services dialogue, envoy says

Senior officials from the European Union and Hong Kong are in talks to launch a financial services dialogue, with companies from the bloc keen to explore opportunities in the Northern Metropolis, its top representative in the city has said.

Ambassador Harvey Rouse, head of the EU Office in Hong Kong, made the remarks at the Greenway 2026 forum on Tuesday, where he highlighted opportunities for cooperation on sustainable innovation and the green transition.

In a keynote address, Rouse said Hong Kong had established itself as one of Asia’s leading centres for green and sustainable finance, and that, as “two of the world’s leaders” in this field, both sides had an opportunity to deepen cooperation.

“Indeed, this cooperation is already under way,” he said.

“Senior exchanges between Hong Kong and the European Commission have intensified over the past year with visits of EU officials to Hong Kong and vice versa. Both sides are looking at starting soon a financial services dialogue to enhance cooperation.”

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Rouse said European firms could also provide investment and expertise to support Hong Kong’s green transition.

“This is particularly relevant as Hong Kong develops the Northern Metropolis,” he said, referring to the city’s 30,000-hectare (74,131-acre) megaproject near the border with mainland China.

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