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The Abu Dhabi Global Market (ADGM) has imposed fines totaling $12.5 million on Hayvn entities and revoked their licenses due to unauthorized virtual asset activities. CEO Christopher Flinos has been permanently banned from financial services in ADGM for directing these activities and submitting false documents. The enforcement actions, which included penalties from both the Financial Services Regulatory Authority and the Registration Authority, aim to uphold the integrity of ADGM's regulatory framework.
Leading brokerage firms have identified key stocks with significant upside potential for the next 12 months, including DLF, Siemens, and ACC, with expected gains ranging from 20% to 42%. Jefferies has a "Buy" rating on DLF with a target of Rs 1,000, while UBS upgraded Siemens to "Buy" with a target of Rs 8,000. CLSA maintains an "Outperform" rating on ACC, targeting Rs 2,580, reflecting strong growth prospects despite market challenges.
On November 21, ACC Ltd, NLC India Ltd, and JSW Energy Utkal Ltd secured five coal mines during the first day of the tenth round of commercial coal mine auctions. ACC won a block in Madhya Pradesh, while NLC India and JSW Energy each acquired one in Odisha. Additionally, Mineware Advisors Pvt Ltd and Shreeji Nuravi Coal Mining and Trading Pvt Ltd also won coal blocks, with a total of nine blocks available for auction.
ACC Limited
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