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Madras High Court orders issuing notice to ED on Senthil Balaji's bail plea
The Madras High Court has ordered the Enforcement Directorate (ED) to respond to a bail petition filed by DMK Minister V Senthil Balaji, who was arrested in June in connection with a money laundering case. Balaji's previous bail applications were rejected, but his latest petition argues that his health condition warrants his release. The ED has requested time to file a detailed counter. Balaji, who underwent a bypass surgery after his arrest, is currently in judicial custody, with the ED having filed a charge-sheet against him.
Sebi initiates process to hire 2 executive directors; invites application
The candidate applying for the position is required to have at least 20 years of experience in dealing with problems related to the securities market or special knowledge or experience of law, investigation, finance, economics and accountancy, among others.
Sebi cancels registration of Progressive Comtrade in NSEL case
The Securities and Exchange Board of India (SEBI) has cancelled the registration of Progressive Comtrade and Leo Global Commodities for facilitating their clients to trade in illegal 'paired contracts' on the National Spot Exchange Ltd, which is now defunct.
Why Supreme Court picked these five experts to probe Adani-Hindenburg case
A bench of Chief Justice Chandrachud, and Justices PS Narasimha and JB Pardiwala said the expert panel would make an overall assessment of the situation, suggest measures to make investors aware and strengthen the existing regulatory measures for stock markets.
Reconsider decision on role of company secretary: SC to SAT
The appellate tribunal on November 1 had held that once the offer document and the balance sheet is approved by the board of directors, there is no requirement for the CS to check the veracity of the buyback offer document and its legal compliances before authenticating such document.
NSE likely to introduce Electronic Gold Receipt shortly: Sebi executive director
Referring to the Electronic Gold Receipt (EGR), V S Sundaresan, Executive Director at the Securities and Exchange Board of India (Sebi), said, this product has been introduced by Sebi and BSE has launched it about a month back and "we hope that this product will definitely gain traction over a period of time".
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Supreme Court ruling in insider trading case may set a precedent
The apex court on Monday held that mere possession of price-sensitive information and trading on the basis of that are not sufficient to prove insider trading charges. It is equally important to establish that the intent behind the transaction too was to gain from the insider information, the ruling said.
SC upholds acquittal of Gammon India promoter Abhijit Rajan in insider trading case
A two judge Supreme Court bench of Justice Indira Banerjee and Justice V Ramasubramanian noted that the contract of Gammon was for a Rs. 1648 crore highway project whereas that of Simplex was for a Rs. 940 crore highway project. The judges noted that using 'simple arithmetic' the contract of Gammon was more valuable and the termination of the shareholder agreement between the two companies was beneficial to Gammon shareholders.
SC deletes adverse remarks against Cyrus Mistry made in earlier order
The court made the now-deleted remarks while ruling in the cross-appeals filed by Tata Sons and Cyrus Investments over a 2019 order by the National Company Law Appellate Tribunal, which had reinstated Mistry as executive chairman of Tata Sons.
NCDEX launches call center to educate farmers about agricultural derivatives
A media release issued by NCDEX said that the initiative will help farmers and FPOs to access all types of information regarding the exchange functionalities, product-related queries, spot prices, delivery and settlement related queries etc. on a real-time basis.
SC approves nine advocates’ elevation as judges at Bombay HC including Somasekhar Sundaresan
Among the advocates who have been elevated to the bench include Somasekhar Sundaresan, Aruna S Pai, Shailesh P Brahme, Kamal R Khata, Sharmila U Deshmukh, Amira Abdul Razaq, Sandeep V Marne, Sandeep H Parikh and Mahendra M Nerlikar.
Stocks in the news: DMart, Tata Motors, Airtel, Dr Reddy's, Thomas Cook and Religare
Thomas Cook board has approved a share buyback programme for a total consideration of up to Rs 150 crore.
V S Sundaresan takes charge as Sebi executive director
Sundaresan earlier worked as chief general manager in enquiries and adjudication department in Sebi.
IndiGo promoters’ feud takes serious turn; Gangwal seeks Sebi’s intervention
Gangwal in a letter to Sebi has alleged “collapsing corporate governance standards” at IndiGo.
Digital citizen payments take off as banks lend a hand
Services will include direct benefit transfers, tax and fee collections and payments for public transport.
Axis Bank keeps mum on senior executives' exits
Matter pertains to the resignation of the bank's two top executives- deputy MD V Srinivasan and head of corporate and transaction banking Sidharth Rath.
Ex-Infosys employees come out in Narayana Murthy’s support, slam Infy Board
In the scathing letter, the former employees of the IT company highlighted the sacrifices of the founders and the importance of core values.
vMobo goes on a Binge with VClusive
vMobo's main product Vcloud a cloud net work for multi brand rewards and privilege programme has been re branded as VClusive, and looks to integ rate the existing 85,000 members who have been making Rs 2-crore worth of transactions a month at offline stores that use the technology.
Corporate governance reforms will ensure transparency in boardroom: Sebi CGM
Accountancy, independence, transparency and honesty are the drivers of corporate governance, said V S Sundaresan, chief general manager, Sebi.
Why global luxury brands do not realise Bengaluru's potential
"Bengaluru has the highest propensity to spend,” said Sundaresan, founder and chief executive of Bengaluru-based luxury marketing company vMobo.
Schwing Stetter to explore tower crane biz in India
Schwing Stetter India, the subsidiary of SCHWING Group, has forayed into the tower crane space with the launch of five tonne and six tonne cranes.Load More
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