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NCDEX to impose Rs 1 lac/case penalty on members offering PMS

Leading agri-commodity bourse NCDEX on Tuesday said it will impose a penalty of Rs 1 lakh per case on members who are found indulging in offering fund-based portfolio management services (PMS).

Godrej Properties buys back HDFC PMS stake in two projects

HDFC PMS (Portfolio Management Services) had invested about Rs 100 crore to pick up stakes in Godrej Properties' two subsidiaries, which are developing realty projects in Chennai and Chandigarh, sources said.