Sebi tightens ethics rules for current, former employees

India’s Securities and Exchange Board (SEBI) has put in place a two-year cooling-off period for past officials. The new regulations broaden investment restrictions to include the family members of employees. Notably, SEBI personnel are now required to step away from specific issues that involve personal affiliations and must report any future job discussions within a…

LTM shares jump 3% as Q1 results meet Street estimates. Here’s what Nomura, Nuvama, and other brokerages say

LTM reported a 17% year-on-year net profit increase for the April-June quarter. Revenue from operations also saw an 18% year-on-year rise during the same period. Brokerages offered mixed opinions on the IT major’s stock performance and future outlook. The company cited hardware procurement issues for project delays, expecting improvement soon. LTM shares gained over 3%…