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Business News›Markets›Stocks›News›India Inc's big movers will need to learn to walk the 'talk'; A Sebi prompt could help
India Inc's big movers will need to learn to walk the 'talk'; A Sebi prompt could help
Synopsis
This is because market regulator Securities and Exchange Board of India (Sebi) in its board meeting last week has decided to make it mandatory for the top 100 listed companies by market capitalisation to confirm or deny market rumours that impact their stock prices.
ET Intelligence Group: Nestle India's stock gained 3.3% on Friday on news of the company being among the final bidders to acquire Capital Foods, the makers of Ching's Secret, the spice brand. The company, on its part, remained silent on whether the news was correct or not. Come October 1, leading companies like Nestle will not be able to choose silence as a response to market speculation.This is because market regulator Securities and Exchange
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