News for 'US Securities and Exchange Commission'

Zero tolerance for terror, no nuclear blackmail: Jaishankar in Germany

Zero tolerance for terror, no nuclear blackmail: Jaishankar in Germany

Rediff.com24 May 2025

External Affairs Minister S Jaishankar has asserted that India has zero tolerance for terrorism and will never give in to nuclear blackmail, emphasizing that New Delhi will deal with Pakistan purely bilaterally. He made these remarks during a joint press conference with his German counterpart in Berlin, where he also highlighted the importance of the strategic partnership between India and Germany, emphasizing the need for a free trade agreement between the two nations.

Sebi eyes pact with US-based CFTC

Sebi eyes pact with US-based CFTC

Rediff.com16 Jun 2003

The Securities and Exchange Board of India on Monday said it was planning a tie up with Commodities and Futures Trading Commission of US within a month for sharing of information.

Amid chat leak, TMC MP Roy says Mahua Moitra cried after...

Amid chat leak, TMC MP Roy says Mahua Moitra cried after...

Rediff.com8 Apr 2025

Trinamool Congress (TMC) MP Sougata Roy has demanded the removal of Kalyan Banerjee as the party's chief whip in the Lok Sabha after a spat with fellow MP Mahua Moitra. Roy accused Banerjee of "uncivilised" behaviour on multiple occasions and cited incidents of Banerjee breaking a bottle and throwing it at the chairman of a Joint Parliamentary Committee (JPC) meeting and making inappropriate remarks about Union Minister Jyotiraditya Scindia. The spat between Moitra and Banerjee reportedly occurred on April 4 when a TMC delegation met the Election Commission over duplicate voter ID numbers. Banerjee was tasked with collecting signatures from TMC MPs on a memorandum to be submitted to the Election Commission, and Moitra alleged that she was not included in the signatories, leading to a heated exchange. Roy, who was present at the time, said he saw Moitra crying and complaining about Banerjee's behaviour. Roy believes that Banerjee's actions warrant his removal as chief whip and left the decision to Trinamool supremo Mamata Banerjee. The incident has also been highlighted in leaked WhatsApp messages, where Banerjee engaged in heated exchanges with another TMC MP, Kirti Azad, leading to further accusations of uncivilised behaviour.

Subprime crisis: Goldman Sachs charged with fraud

Subprime crisis: Goldman Sachs charged with fraud

Rediff.com16 Apr 2010

Securities Exchange Commission, the American market regulator, on Friday charged investment banking major Goldman Sachs with fraud on subprime mortgages, saying that Goldman did not disclose key facts to investors.

Every attack makes us stronger: Adani speaks up for first time

Every attack makes us stronger: Adani speaks up for first time

Rediff.com1 Dec 2024

"Less than two week back, we faced a set of allegations from the US about compliance practices. This is not the first time we have faced such challenges. What I can tell you is that every attack makes us stronger," he said addressing the 51st Gems and Jewellery Award in Jaipur.

2 soldiers killed, 2 hurt in encounter with terrorists in J-K's Kishtwar

2 soldiers killed, 2 hurt in encounter with terrorists in J-K's Kishtwar

Rediff.com14 Sep 2024

The gunfight broke out when a joint security party of the Army and police, acting on a tip-off, launched a cordon-and-search operation in the Naidgham area in the Chhatroo belt, they added.

'Look Forward To Meeting My Friend, President Trump'

'Look Forward To Meeting My Friend, President Trump'

Rediff.com10 Feb 2025

'We will work together for the mutual benefit of the people of our two countries and shape a better future for the world.'

More than 83mn Facebook accounts are 'false'

More than 83mn Facebook accounts are 'false'

Rediff.com2 Aug 2012

Growth in daily active users was across major markets including Brazil, the United States, and India.

Ross Levinsohn to quit Yahoo!

Ross Levinsohn to quit Yahoo!

Rediff.com31 Jul 2012

In a regulatory filing with the Securities Exchange Commission of the US on Monday, the company said that Levinsohn will leave the company effective July 31, 2012.

SEC slaps $16 mn fine on Diageo for bribery

SEC slaps $16 mn fine on Diageo for bribery

Rediff.com29 Jul 2011

US market regulator SEC has slapped penalties of over $16 million on spirits giant Diageo Plc for indulging in corrupt practices in India, Thailand and South Korea to push up sales of its leading brands like Johnnie Walker.

Dell to pay $100 mn in SEC settlement

Dell to pay $100 mn in SEC settlement

Rediff.com23 Jul 2010

Computer maker Dell said it has agreed to pay $100 million in a settlement with US regulator Securities Exchange Commission following a probe into the company's accounting methods and its relationship with chipmaker Intel Corp.

EXL cuts Nasdaq IPO size

EXL cuts Nasdaq IPO size

Rediff.com2 Aug 2006

India's business process outsourcing major EXL Service has cut down the size of its proposed initial public offer on the Nasdaq Stock Exchange by 20 per cent

Sebi Has Strong Case Against Hindenburg

Sebi Has Strong Case Against Hindenburg

Rediff.com4 Jul 2024

If Hindenburg or its partner do not join the investigation, then Sebi may pass an ex-parte order against it, which may be enforced as a foreign award in US courts.

SEC imposed fine of $17.5 mn on Satyam, PW India

SEC imposed fine of $17.5 mn on Satyam, PW India

Rediff.com6 Apr 2011

In a major development in the Satyam fraud case, US regulators on Tuesday fined the software firm and its auditors PriceWaterhouse India up to $17.5 million for the accounts bungling that went undetected for several years.

High-octane Delhi poll campaign ends; stage set for Feb 5

High-octane Delhi poll campaign ends; stage set for Feb 5

Rediff.com3 Feb 2025

The high-octane campaigning for the February 5 Delhi Assembly elections concluded at 6 pm on Monday, with big guns from all three major parties holding roadshows, public meetings, padayatras and bike rallies in a final push to sway voters. The Aam Aadmi Party remains confident of securing a third consecutive term, highlighting its governance record and welfare schemes. The Bharatiya Janata Party (BJP), aiming to reclaim power in Delhi after more than 25 years, held 22 roadshows and rallies across the city. The Congress, seeking a revival after failing to win any seats in the last two elections, also intensified its efforts. The election battle has seen sharp political exchanges, with AI-generated spoofs, catchy slogans, and roadshows dominating the discourse. The outcome of this fiercely contested election will determine whether the AAP continues its dominance, the BJP breaks its losing streak, or Congress makes a surprising comeback. The final verdict will be revealed on February 8, as Delhi awaits the results of what has been one of its most high-stakes electoral battles.

Indian crypto firms welcome US SEC approval for bitcoin ETF

Indian crypto firms welcome US SEC approval for bitcoin ETF

Rediff.com12 Jan 2024

The securities regulator's approval for the first US-listed exchange traded funds (ETF) to track bitcoin has given Indian cryptocurrency companies hope that the move would create domestic support for the digital assets. The US Securities and Exchange Commission (SEC) on Thursday approved 11 ETFs for bitcoin, perhaps the most popular virtual currency. It would enable investors to access bitcoin without challenges such as setting up wallets or accounts with crypto exchanges that have previously suffered cyberattacks or implosion.

Finance Secretary TK Pandey is new Sebi chairman

Finance Secretary TK Pandey is new Sebi chairman

Rediff.com28 Feb 2025

The Indian government has appointed Finance Secretary Tuhin Kanta Pandey as the new chairman of the Securities and Exchange Board of India (SEBI). Pandey, a 1987-batch IAS officer, will replace Madhabi Puri Buch, whose three-year tenure ends on February 28. Pandey's appointment comes at a time when the markets are experiencing bear pressure due to withdrawals by foreign institutional investors (FIIs). Pandey has extensive experience in the finance ministry, having served as the longest-serving secretary in the Department of Investment and Public Asset Management (DIPAM) and the Department of Public Enterprises (DPE). He also played a key role in the framing of the 2025-26 Budget and the drafting of the new Income Tax Bill. Pandey's appointment is for an initial period of three years.

'Sebi has greater powers than US SEC'

'Sebi has greater powers than US SEC'

Rediff.com26 Oct 2009

The latest in this class is the complaint of insider trading filed by the United States Securities Exchange Commission against many individuals in a Manhattan court. The list of individuals includes Anil Kumar, a member of the much-feted Indian School of Business and reputed hedge fund manager Raj Rajaratnam.

Deep State And Beyond: The Rise of Conspiracy Theories

Deep State And Beyond: The Rise of Conspiracy Theories

Rediff.com25 Feb 2025

From bhikshus of Ashokan 3rd century BC and medieval Sufis to Oxfam, Omidyar and Soros now, non-State actors have any real power only when they work in conjunction with a real State, asserts Shekhar Gupta.

How Scammers Steal Your Money: 5 Red Flags To Watch Out For

How Scammers Steal Your Money: 5 Red Flags To Watch Out For

Rediff.com24 Mar 2025

Fraudsters read your mind, weave convincing stories, earn your trust and then vanish with people's savings. Ramalingam Kalirajan reveals five simple tricks that cons use to steal money from you.

India asks US not to take action against Satyam

India asks US not to take action against Satyam

Rediff.com11 Jan 2010

Does not want Satyam shareholders to be punished twice.

India urges SEC not to penalise Satyam

India urges SEC not to penalise Satyam

Rediff.com15 Dec 2009

India has urged the US Securities Exchange Commission (SEC) not to impose fine on Satyam, now Mahindra Satyam, in view of irregularities as the company was also listed there.

Orient rebuffs Tatas again

Orient rebuffs Tatas again

Rediff.com28 Feb 2008

After a silence of about three months, Orient-Express Hotels, the Bermuda-based luxury hotel chain, has finally broken its silence on the apology sought by Indian Hotels Company Limited.

Coventry makes history as IOC's first female president

Coventry makes history as IOC's first female president

Rediff.com20 Mar 2025

Kirsty Coventry smashed through the International Olympic Committee's glass ceiling to become the organisation's first female and first African president in its 130-year history.

Modi lands in France for AI summit, bilateral talks with Macron

Modi lands in France for AI summit, bilateral talks with Macron

Rediff.com11 Feb 2025

Prime Minister Narendra Modi arrived in France on a three-day visit during which he will co-chair an AI Action Summit with French President Emmanuel Macron and hold bilateral talks with him. Modi will also be warmly greeted by the Indian community and address the India-France CEO's Forum. The visit will include a visit to the Mazargues War Cemetery and the inauguration of the new Indian Consulate General in Marseille.

Crypto Investments: Brace For Volatility, Regulation Threat

Crypto Investments: Brace For Volatility, Regulation Threat

Rediff.com24 Jan 2024

Those who want to invest should consider their risk appetite. Youngsters may go for it as they have a longer horizon to recover from a setback.

JSW Steel becomes world's most valuable steelmaker with $30.3 bn mcap

JSW Steel becomes world's most valuable steelmaker with $30.3 bn mcap

Rediff.com26 Mar 2025

JSW Steel, owned by Sajjan Jindal, has emerged as the world's most valuable steelmaker, boasting a market capitalisation (mcap) of nearly $30.31 billion, according to Bloomberg data.

Wipro sees competition from lower wage countries

Wipro sees competition from lower wage countries

Rediff.com15 Jun 2003

Ironically, the Bangalore-based company had established itself as a major Information Technology powerhouse leveraging India's low-cost high-skilled manpower.

SOX 404: Making compliance easier

SOX 404: Making compliance easier

Rediff.com31 Dec 2007

The main intention of the revised guidance is to ensure that the benefits of SOX 404 compliance outweigh the cost (both in terms of time and money) of implemetation, such that both investors and management can reap the benefits of SOX 404 compliance.

After 3 years, a bureaucrat to head Sebi

After 3 years, a bureaucrat to head Sebi

Rediff.com28 Feb 2025

Seasoned bureaucrat and a stickler for rules Finance Secretary Tuhin Kanta Pandey will be at the helm of capital market regulator, Securities and Exchange Board of India (SEBI), for three years. The 1987-batch Odisha-cadre Indian Administrative Service (IAS) officer, Pandey, would replace Madhabi Puri Buch, whose three-year term ends on Friday.

Charges false, Coke tells SEC

Charges false, Coke tells SEC

Rediff.com17 Oct 2003

Walmart penalised for violating US anti-corruption norms in India

Walmart penalised for violating US anti-corruption norms in India

Rediff.com21 Jun 2019

Walmart agreed to pay more than $ 144 million to settle US Security and Exchange Commission's charges and approximately $ 138 million to resolve parallel criminal charges by the Department of Justice for a combined total of more than $ 282 million.

CRPF inspector killed in terrorist attack in J-K's Udhampur

CRPF inspector killed in terrorist attack in J-K's Udhampur

Rediff.com19 Aug 2024

The CRPF along with the Special Operations Group (SOG) of the local police was fired upon by terrorists around 3:30 pm in the remote Dudu area of Basantgarh, the officials said.

NYSE technical issues halt exchange for more than 3 hours

NYSE technical issues halt exchange for more than 3 hours

Rediff.com9 Jul 2015

The NYSE accounts for more than 60 percent of S&P 500 volume at the close of the market

Nasdaq halt: Sebi reviews Indian stock exchange systems

Nasdaq halt: Sebi reviews Indian stock exchange systems

Rediff.com23 Aug 2013

While the systems in place at leading Indian bourses are considered to be very robust and can withstand any possible technical glitches, it is advisable to conduct a precautionary check after an unprecedented three-hour trading halt at a large exchange like Nasdaq, a senior Sebi official said.

'Amen': How world reacted to Trump-Zelensky's fiery clash

'Amen': How world reacted to Trump-Zelensky's fiery clash

Rediff.com1 Mar 2025

The heated exchange between Trump and Zelenskyy and the resulting outpouring of support for the Ukrainian leader highlighted the deep fissures that have emerged between America and Europe over Ukraine.

How to get more bang for the buck out of field agents

How to get more bang for the buck out of field agents

Rediff.com23 Jan 2025

Will allowing business correspondents to hawk insurance products help in reviving 5-lakh strong field agents as a viable channel?