Tag Archives: Securities and Exchange Board of India

Sebi gets nod to proceed against Price Waterhouse

MUMBAI: The Bombay High Court on Friday ruled that capital market regulator, the Securities and Exchange Board of India, can proceed with the investigations against audit firm Price Waterhouse over its role in the accounting fraud at Satyam Computer Services, … Continue reading

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Law firms picking regulatory brains for niche advice

Increasingly complex and overlapping regulation and guidelines are leading law firms and head-hunters to set sights on hiring regulatory officials. This is different from the trend of retired senior bureaucrats joining company boards as advisers as a goodwill gesture because … Continue reading

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Deepak Fertilisers and Zuari Fertilisers get Sebi go-ahead for Vijay Mallya’s Mangalore Chemicals and Fer

MUMBAI: Market regulator Sebi has given its go-ahead to two rival bidders who have made offers for acquisition of additional stakes in Vijay Mallya-led UB Group‘s Mangalore Chemicals and Fertilisers Ltd (MCFL). Two rival bidders, Deepak Fertilisers and Zuari Fertilisers, … Continue reading

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Lavasa lands in trouble for flouting green laws

NEW DELHI: The Union environment ministry has issued a show-cause notice to Lavasa Corporation, which is constructing a 25,000-acre hill township near Pune, alleging myriad violation of environmental laws. The company, promoted by a clutch of investors led by Hindustan … Continue reading

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Supreme Court order on Marg brings relief to investors

MUMBAI: A recent Supreme Court order, disallowing promoters of Chennaibased construction firm Marg to withdraw an open offer to public shareholders, has come as a relief to investors, who are stuck in shares of companies under similar litigation. The apex … Continue reading

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Reliance Infra aims to raise Rs 5,000 cr via InvIT by March

MUMBAI: Reliance Infrastructure plans to raise Rs 5,000 crore through Infrastructure Investment Trust (InvITs) in the fourth quarter of 2016-17 to pare debt. Infrastructures developers like IRB , GMR and IL&FS are keen to launch their infrastructure investment trust, which … Continue reading

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Vijay Mallya to step down from United Breweries board, name successor

Vijay Mallya has been persuaded to step down from the United Breweries Ltd (UBL) board and he will propose a successor following a Securities and Exchange Board of India (Sebi) order that’s made him ineligible to be director of any … Continue reading

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National Insurance Company settles disclosure lapse case with Sebi, pays Rs 75 lakh

New Delhi: State-owned National Insurance Company has settled with markets regulator Sebi a case pertaining to alleged shareholding disclosure lapses after paying settlement charges of nearly Rs 75 lakh. Sebi agreed to settled the case after the insurance company approached … Continue reading

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SC asks Centre, RBI to file Kamath panel suggestions, their decisions on loan moratorium

New Delhi: The Supreme Court on Monday demanded to know if the government had taken any follow-up action by way of issuing any notifications to give effect to its recent offer to waive interest on interest on loans up to … Continue reading

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Gender games: Too many men, too little change

Women accounted for just 15.2% of corporate directors in India in 2019. The global average is 20.6%, according to a Credit Suisse Research Institute study released in October 2019. The same study showed India has the third-lowest rank in Asia-Pacific … Continue reading

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