Move comes after agencies unearth several cases of misuse of the 80:20 scheme.
Regulator Sebi on Friday imposed penalties on Reliance Industries Ltd, its chairman and managing director Mukesh Ambani as well as two other entities for alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007. Fines of Rs 25 crore and Rs 15 crore have been imposed on Reliance Industries Ltd (RIL) and Ambani, respectively. Besides, Navi Mumbai SEZ Pvt Ltd has been asked to pay a penalty of Rs 20 crore and Mumbai SEZ Ltd has been directed to pay Rs 10 crore. The case pertains to sale and purchase of RPL shares in the cash and the futures segments in November 2007.
The Bill could be referred to the Parliamentary Committee for scrutiny
Poor governance and mediocre short-sighted politics are destroying the paradise that Goa was as its environment, water table, culture and way of life is drastically threatened by tourism and migration, points out Ramesh Menon.
From liquidity, monetary policy operations to financial inclusion, know about RBI monetary policy
Jaitley also dismissed criticism that lower taxes were aimed at helping corporates.
Rakesh Kaul, CDO, Edelweiss General Insurance, answers your health insurance queries.
Industry players credit Sebi's first woman chairperson with putting special emphasis on cyber security, use of tech and data, areas where Sebi is trying to 'stay ahead of the curve'.
India must learn from the missteps made by financial regulators in the US and UK.
The larger amount of black money either goes into domestic real estate or bullion, or is round-tripped back into India anyway.
Debt-ridden mortgage firm DHFL's shares would be delisted from stock exchanges post acquisition by Piramal Capital and Housing Finance, which has emerged as the successful bidder for the company. As part of resolution process under the Insolvency and Bankruptcy Code (IBC), lenders led by Union Bank of India in January this year favoured the bid by Piramal Capital and Housing Finance to take over the beleaguered housing finance firm. According to sources, shares of DHFL would be delisted post acquisition as per the IBC guidelines and Sebi delisting norms.
This settlement relates to an accounting fraud perpetrated by the company's former management from at least 2003 through September 2008.
As US President Joe Biden launched a new trade deal with 12 Indo-Pacific nations, including India, to enhance trade, economic and investment opportunities, China, which sees the pact as a threat to its dominance in the region, went on the offensive against it, promising more opening up, while the official media here termed it as "economic Nato".
Global computer chip major Intel has reached at a settlement with the US Federal Trade Commission to resolve the anti-competitive charges against it and agreed to follow series of restrictions.
Kamal Farooqui, member of the All-India Muslim Personal Law Board and former chairperson of the State Minority Commission, believe the Ayodhya verdict gives all warring sides a golden opportunity to come to a settlement and end the vexed issue which has caused untold violence and harm to the Muslims. In a candid interview with Vrinda Gopinath, he many of the perplexing issues and outlines a strategy for a final settlement.
On Tuesday, it stopped trading in e-series contracts in gold in anticipation of the notification to this effect.
Goldman Sachs is seeking to avoid a fraud charge as part of its settlement with the United States market regulator SEC, which had charged the investment banking major with defrauding investors by misrepresenting facts, a media report said.
The move follows poor results in detecting undisclosed foreign assets and delay in concluding pending matters under the Black Money Act, which came into effect in 2015. According to the official data, only 52 cases have been identified so far. Of these, nine are from Mumbai alone.
'An amicable settlement of the Ram Janambhoomi would infuse new blood into national life and Bharat would emerge as a proud and strong nation,' the RSS said in a written submission before the Liberhan commission
NSEL had earlier suspended trading and merged the settlement cycles of all one-day forward contracts.
Vodafone's long-pending tax dispute with the government might be heading for a resolution, with the finance ministry considering changing the Income-Tax Act's retrospective amendment and taxing indirect transfer of assets prospectively from 2012, the year the law was clarified.
'Pay-for-delay' settlements between drug patent-holders and generics manufacturers to delay the launch of cheaper generic medicine are increasingly being scrutinised by antitrust regulators
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Enforcement agencies will be empowered to confiscate assets
China on Monday expressed the hope that the Taliban will stand by its commitment of establishing an "open and inclusive" Islamic government in Afghanistan and will ensure a peaceful transition of power without violence and terrorism.
Want last year's bonus? Sell our tickets: Jet Airways tells travel agents.
If AAP dominates both state and local elections, the move for unification may become the illness for the BJP instead of the medicine it was supposed to have been.
Only time will tell, if the 'Shah' of exchanges will walk out of this battlefield unscathed.
Six years ago, the company discovered an incident of embezzlement of about $4 mn by an employee.
The Orwellian surveillance State is here. And here to stay, asserts Virendra Kapoor.
The talks were convened in Delhi in a bid to hammer out differences, particularly on the NSCN-IM's demand for a separate flag and Constitution for the Nagas, officials said.
Community activist and TV journalist Renee Lobo has been appointed to the New York City Commission on Human Rights by Mayor Mike Bloomberg, ending a long void.
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Cabinet likely to pave way for the 'super-rich' tax today.
CIL is charged of discriminating in favour of public sector firms in the reworked format of fuel supply agreements.
'We can expect heightened belligerence from China.'
The remarks by China's deputy permanent representative to the UN, Geng Shuang, came during an emergency meeting of the Security Council on the situation in Afghanistan on Monday after the sudden and rapid takeover of the Afghanistan government by the Taliban insurgents.
The Houston-based Halliburton, one of the world's largest providers of products and services to the energy industry with over 55,000 employees, has agreed to pay the amount and furnish significant relief to settle a national origin and religious discrimination lawsuit brought by the US Equal Employment Opportunity Commission (EEOC).
It will help in reducing the turnaround time.
Elected along with India on the board of UNAID were the US, Russia, Ethiopia, Mauritania, Guatemala and Monaco.
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Faced with over Rs 11,200 crore (Rs 112 billion) tax liability, Vodafone India chief Analjit Singh on Thursday met Finance Minister P Chidambaram for the second time this week and expressed the hope that there will be clarity soon on the proposal to settle the dispute through conciliation.
India has conveyed its concerns to the top security and intelligence officials of the United States, the United Kingdom and Russia over the possible implications of Pakistan's links with the Taliban and various terrorist groups operating in Afghanistan for regional security and stability, people familiar with the development said.
