The Central Bureau of Investigation (CBI) on Monday searched the offices and residences of three senior officials of the Securities and Exchange Board of India (SEBI) in Mumbai in connection with their investigation into the Saradha Group. The agency, the sources said, conducted searches of six locations connected to SEBI …
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Written by Khushboo Narayan, George Mathew, edited by Explained Desk | Mumbai | Updated: March 13, 2021 5:00:15 pm The decision of the Securities and Exchange Board of India (Sebi) to impose restrictions on mutual fund (MF) investments in additional Tier 1 (AT1) bonds has caused a storm in the …
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NEW DELHI: The government is ready to introduce the Cryptocurrency Law and Regulation of the Official Digital Currency during the current session of Parliament ban private cryptocurrencies while establishing a framework for the launch of a digital currency by the Reserve Bank of India. The Lok Sabha newsletter, published on …
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In early 2017, the market regulator had ordered Mukesh Ambani’s company and some other entities to return more than Rs 447 million in the RPL case. (Photo credit: Reuters) Reliance Industries Chairman Mukesh Ambani started his new year with a fine of 15 million rupees for himself and 25 million …
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The Indian Stock Exchange Board on Friday imposed a fine of 25 million rupees on Reliance Industries and 15 million rupees on its chairman, Mukesh Ambani, for manipulating shares of Reliance Petroleum Ltd (RPL) in November 2007. The issue relates to the manipulation during the sale and purchase of Reliance …
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India’s Securities and Exchange Board (Sebi) imposed sanctions on Reliance Industries (RIL), its president and managing director Mukesh Ambani, and two other entities on Friday for alleged manipulative trading of the shares of the former Reliance Petroleum (RPL) in November. 2007. Fines of Rs 25 million and Rs 15 million …
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Fines of ₹ 25 crore and ₹ 15 crore have been imposed on Reliance Industries Ltd (RIL) and Mukesh Ambani, respectively. Regulator SEBI on Friday imposed sanctions on Reliance Industries Ltd, its president and CEO Mukesh Ambani, as well as two other entities for alleged manipulative trading of the shares …
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On March 24, 2017, Sebi ordered RIL and some other entities to return more than Rs 447 million in the RPL case. In November 2020, the Securities Appeal Court (SAT) dismissed the company’s appeal against the order. Regulator Sebi on Friday imposed sanctions on Reliance Industries Ltd, its president and …
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Shares of chemical firm UPL Ltd closed down nearly 11 percent Thursday on reports that a whistleblower had alleged failures in the company’s corporate governance and that its promoters had diverted funds. The complainant also alleged that UPL entered into rental agreements with a shell company owned by its employees …
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The lawyer for Future Retail Limited (FRL) told the Delhi High Court on Thursday that due to Reliance’s investment, Future’s creditors worth Rs 18 billion are being protected. The lawyer maintained that they are all Indians and claimed that Amazon does not care. The Delhi High Court is hearing Future …
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