The tribunal posted the matter for further hearing in December, when it will decide whether to admit the pleas of the Raju brothers and others against Sebi order.
Making a weak opening, shares of FTIL further tanked 45 per cent to Rs 105.5 -- its fresh 52-week low on the BSE.
.jpg)
Trading activities of 26 entities, including Gitanjali Gems promoter Mehul Choksi and firms linked to Prime Broking, were suspended on Thursday by market regulator Sebi and the bourses, as part of a probe into suspected market manipulations.
SC refuses to extend the deadline for Sahara to deposit Rs 600 crore
C S Ghosh, founder of Bandhan Bank, believes his unique business model is not comparable to any financial institution in India -- neither small finance banks, nor big private sector banks -- and hence the valuations are justified.
Finance Minister Arun Jaitley, in the Budget for 2015-16, is likely to target around Rs 43,000 crore (Rs 430 billion) from divestment proceeds, almost the same level that the government expects to realise from stake sale in PSUs this fiscal.
The deal had separately come under scanner of the market regulator Sebi for alleged insider trading violations and the present 'no-objection' from the exchanges.
Finance firms in these SEZs likely to get tax breaks.
Helped by the Offer for Sale route, a whopping Rs 45,300 core was mobilised through public equity markets in 2013, a growth of 25 per cent over last year.
As economic policy making moves from pragmatism to populism, the bulls begin to make way for cautious optimists.
Rumours about a spike in taxes for equity investors are flying thick and fast.
The finance ministry and several agencies under it such as the Securities and Exchange Board of India (Sebi) and the Enforcement Directorate (ED), which are investigating the affairs of Sahara India Parivar, are worried about its exposure to National Spot Exchange Ltd (NSEL) products.
The Corporate Affairs Ministry's latest move comes in the backdrop of instances of private entities using the word 'National' in their names, including the case of National Spot Exchange Ltd, which is embroiled in a major payment crisis.
More than 1,000 independent directors have quit since January 2017; more could be on their way out
Budget may bring exemption for those backed by Indian securities other than shares
The Supreme Court on Wednesday said that the money likely to be arranged by Sahara Group from overseas to raise Rs 10,000 crore (Rs 100 billion) for the release of its jailed chief Subrato Roy would come into the country only after necessary clearances by RBI.
This is one of the rare orders by Sebi where it has barred a bluechip firm and its top promoter/executives.
REITs, a new investment avenue in India on the lines of one in developed markets like the US, UK, Japan.
After every corporate announcement, check your demat and bank accounts for necessary credits.
In September, Sebi had given a six-month extension to companies.
Exemption from minimum alternate tax for REITs & infrastructure investment trusts; Depository receipts on all securities eligible for tax benefit
Besides, a sharp 8% decline in Chinese stocks added to the sell-off in domestic equities
The Reserve Bank of India (RBI) allowing the use of put options in investment agreements has brought needed clarity but it has come with strict restrictions. These could impact investors looking for a minimum rate of return, experts say.
A mechanism on whistle blowing is mandated from October and third-party entities managing such services give staffers far more confidence to blow the lid on wrongdoing.
Rupee logs longest winning streak since 2012; up 19 paise.
Underscoring the need to boost the start-up ecosystem, the Reserve Bank on Tuesday said it will simplify rules and regulations which impede their growth and ensure that an entrepreneur does not have to run from "pillar to post" to start a business.
The tax filing season is here, and mutual funds have launched tax-saving products.
A bench headed by Justice T S Thakur asked Delhi government to issue notification by August 4 for converting the conference room into jail which can be used by Roy and two jailed directors of Sahara for 10 working days from 06:00 AM to 08:00 PM for holding negotiations with prospective buyers of hotels in New York and London.
Draft prospectus to be filed next week; second trust, with Panchshil, in a few months
The company will finalise the final pricing for allotment of shares later.
Pharma major Lupin and mortgage lender HDFC were the top losers.
Here are 15 things that would have made 2015 a great year.
Budget 2016 may hold some answers to start-up cooncerns.
This is being done keeping in mind the urgency of these transactions, and it would help the ongoing insolvency cases, including the 12 accounts referred by RBI to banks.
Retail investors usually get caught up in the frenzy of a bull market and burn their fingers in IPOs, warns Tinesh Bhasin.
Promoter entity RRPR - owned by Prannoy and Radhika Roy - says allegations baseless; replies to queries by Sebi.
Experts say, auditors must not allow themselves to be intimidated by the client management into conducting audits by conversation. It is important for auditors to conduct proper interviews and ask probing and searching questions.
.jpg)
According to latest data available with the market regulator Securities and Exchange Board of India, Indian firms raked in a total of Rs 35,214 crore (rs 352.14 billion) from the debt on a private placement basis route in June, a slight increase from Rs 33,759 crore (Rs 337.59 billion) garnered in May.
