Kochhar has been issued a showcause notice by the regulator for alleged violation of the code of conduct.
Strengthening of rules governing insider trading is among the key proposals in the agenda set by Sebi for 2018-19, along with making improvement to the Prohibition of Insider Trading Regulations (PIT) and Prohibition of Fraudulent and Unfair Trade Practices regulations.
Besides bank accounts, Sebi has also in various proceedings ordered depositories, NSDL and CDSL, to attach the demat securities accounts of the erring entities.
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
With scrutiny that comes with a public listing, Deepinder Goyal's leadership could face its sternest test yet.
Until June 2018, the ICICI Bank board had given a clean chit to Kochhar with full backing and had said there was no question of favouritism, nepotism or conflict of interest on her part in granting loans to Videocon Industries or any other company. However, the stance changed soon after the regulatory and probe agencies initiated enquiry in the matter.
A Mumbai court on Wednesday rejected the bail plea of businessman Raj Kundra, arrested in a case of alleged creation of pornographic films and publishing them through apps, after the prosecution contended the police investigation was still on and his release at this juncture will derail the probe.
In 2009, FinMin proposed to move regulators' reserves into public account. These accounts were finally opened in 2013-14. However, no funds have been deposited in it so far.
Parliament on Tuesday cleared a Bill to remove legal hurdles that were coming in the way of appointing former Telecom Regulatory Authority of India chief Nripendra Misra as principal secretary to the prime minister amid strong opposition by Congress.
Sebi on April 4 gave the brokerages 60 days to have their books vetted by third-party auditors.
The government has also allowed individuals from the private sector to apply for the post
The RBI panel has also recommended a government-sponsored 'fund of funds' of Rs 10,000 crore to support the venture capital and private equity firms investing in the MSME sector.
A recent survey done by indianboards.com suggests that around 283 directors will retire by October this year.
The Central Bureau of Investigation (CBI) will soon quiz Securities and Exchange Board of India (SEBI) Chairman U K Sinha as well as former head of the regulatory body M Damodaran in connection with a Preliminary Enquiry (PE) to probe granting sanction to Jignesh Shah-founded Financial Technologies (India) and MCX-SX.
From FY18, Ind-AS will be mandatory for all listed entities, barring those listed on the SME platform.
Once a stock market darling, the jewellery chain heads for liquidation.
Wants details of Vijay Mallya transactions over 4 years
Prime Minister Narendra Modi on Thursday said the ongoing delimitation exercise in Jammu and Kashmir has to happen quickly so that polls can be held to instal an elected government that gives strength to its development trajectory.
Experts regretted that it has taken too long to deliver justice
In a wide-ranging overhaul of rules to make India an easier, safer and attractive investment destination, Sebi on Tuesday unveiled a new set of streamlined entry norms for foreign investors, while putting in place checks against any wrongdoings by the company promoters.
Flipkart might consider Singapore, too, as listing norms aren't very strict.
NSE's own handle @nseindia was content tweeting out the press release in seven tweets.
ED orders Chanda Kochhar to appear with asset lists also provide income-tax returns in her individual capacity and of companies if she was a director or held any position.
The ministry is likely to go by the recommendations of a committee on liberalising external commercial borrowings, headed by M S Sahoo, a former director with the Securities and Exchange Board of India.
Setting aside Sebi's direction, the Securities Appellate Tribunal (SAT) on Monday allowed PNB Housing Finance to go ahead with the shareholders' meeting on Tuesday to consider the proposed Rs 4,000 crore-investment by private equity firm Carlyle and others in the mortgage firm. However, results of the shareholders' voting will not be disclosed till further directions from the tribunal. The ruling comes hours after PNB Housing Finance informed stock exchanges that it has appealed against Sebi's direction on June 18 wherein it was asked to defer consideration of the proposed capital infusion proposal till a valuation of the company's shares is done by a registered independent valuer.
Whistle-blowers allege the brothers violated court orders by selling assets like art and real estate worth crores bought by funds from their companies.
According to reports, an anonymous group that calls itself "ethical employees" have written to the Infosys Board as well as American regulator US Securities and Exchange Commission with the allegations. They have claimed that they have emails and voice recordings to substantiate the same.
BCCI inviting officials from its state units for the IPL ceremony and play-offs is conventional practice it follows, whether the tournament is held in India or abroad.
Post-bribery disclosure, Cognizant is not pursuing greenfield expansion in the country and relying on leased facilities for new demands. The incident, which came to light in 2016, is also said to have claimed 200-300 jobs so far mainly in areas like administration, legal, and procurement.
BSE-200 companies's list shows that 96 companies had woman directors.
The Parthasarathy Shome committee gives its second reform report to finance ministry.
Move to shift powers from RBI without discussions baffles many
Recently, ex-Google executive Punit Soni joined FLipkart.
'Kashmir is the main issue between the two countries.' 'We have not been able to resolve it bilaterally.' 'As the two major countries in South Asia, we have to go back to the drawing board and start engaging.'
The tax imposed on buyback of shares and employee stock options is different in case of listed and unlisted companies, says Sudipto Dey
Satyam Case has not ended after court verdict, there's lot to unfold say insiders.
Sebi's independence and credibility is important to keep our financial markets attractive for global investors, which in turn is critical to drive economic growth.
The Congress vice-president's office and staff have been revamped after the party's electoral defeat in 2014
Stakeholders' Empowerment Services (SES) has advised Diageo to renege on its deal with United Spirits (USL) chairman Vijay Mallya.
While most of Sebi's new norms are aligned to changes in Companies Act, they are more stringent in certain areas.
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