The National Stock Exchange (NSE) has got into firefighting mode to control the reputational damage caused by the Securities and Exchange Board of India's (Sebi's) order against its former managing director and chief executive officer Chitra Ramkrishna and others. According to sources, the exchange's management over the past one week has met several key stakeholders, including officials in the finance ministry and Sebi, major shareholders, and trading members, trying to distance itself from the controversy. The exchange plans to hold more meetings in the coming week to ensure that trading volumes and confidence in the bourse don't get impacted, they added.
Participants can provide anonymous feedback on market manipulation.
In a filing with the US Security and Exchange Commission on Friday, Walmart said it would allow the initial public offering of Flipkart in four years at a valuation no less than what it invested in the e-commerce firm, if a grouping of minority shareholders asks for it.
Former United States President Donald Trump has pleaded not guilty to 34 charges against him at a Manhattan court where he is facing arraignment on history-making criminal charges related to paying hush money to a porn star before the 2016 presidential election in exchange for her silence.
Discussion has started between blank check companies in the US and Indian PEs on possible deals in certain key sectors.
'Looking at the speed at which changes were made post the Franklin Templeton issue, we are awaiting more stricter norms in the months to come.'
American media quoted Trump's attorneys as saying that the 76-year-old Republican leader, eying the White House for a second time in 2024, will plead not guilty.
In the high profile co-location case, markets regulator Sebi on Wednesday imposed a penalty of Rs 1 crore on the NSE for failing to provide a level-playing field for trading members subscribing to its tick-by-tick (TBT) data feed system. In addition, the regulator levied a fine of Rs 25 lakh each on NSE's former managing directors and chief executive officers Chitra Ramakrishna and Ravi Narain. Alleged lapses in high-frequency trading offered through NSE's co-location facility came under the scanner of the watchdog after a complaint was filed in 2015.
China and Pakistan have agreed to step up their defence and counter-terrorism cooperation amidst 'challenging times', as Pakistan Army chief General Qamar Javed Bajwa held wide-ranging talks with the Chinese military leadership to further cement their all-weather strategic partnership.
Over 83 per cent of the more than 13 lakh electorate cast their vote on Monday in the single-day Nagaland state election which passed off by and large peacefully, Chief Electoral Officer V Shashank Shekhar said.
The CJI has also kept with himself matters concerning arbitration, habeas corpus, criminal cases, contempt of court and ordinary civil matters.
In its complaint filed in 2011, the SEC alleged that Gupta disclosed confidential information about Berkshire Hathaway Inc's $5 billion investment in Goldman Sachs
Its international revenue stood at $53 million in 2012, accounting for 17 per cent of its overall revenue.
Reliance Industries Ltd on Friday reported a 15 per cent drop in its net profit to Rs 15,792 crore for the third quarter, according to a company's stock exchange filing. The net profit of Rs 15,792 crore in October-December 2022 compares to Rs 18,549 crore a year back.
The 'Rating Level 4' means that the financial market regulators have all regulatory measures "fully in force"
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'.
They said various Mandarin language courses are being run at the language schools at the Northern, Eastern and Central commands of the Army.
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The ruling by the Supreme Court was made in a parallel civil insider trading case brought against Gupta by federal regulator Securities and Exchange Commission.
Mutual funds have ratcheted up Rs 53,700 crore (Rs 537 billion) through new fund offers (NFOs) in 2022 until November, against Rs 1 trillion in Calendar 2021, notwithstanding the number of launches this year eclipsing the 2021 tally. Industry insiders cite the absence of launches in popular categories as the reason behind lower collections this year. Typically, only NFOs in popular categories from major fund houses rake in the moolah.
Several institutional investors were ineligible to invest in these companies as they failed to meet the disclosure norms
Adversarial Harmful Networks -- India Case Study, cited in Facebook whistleblower Frances Haugen's SEC complaints, revealed, among other things, that Facebook was a preferred platform for 'fear-mongering anti-Muslim narratives' in India, observes Devangshu Datta.
In his blog, sikka said, "It is clear to me that despite our successes over the last three years, and the powerful seeds of innovation that we have sown, I cannot carry out my job as CEO and continue to create value, while also constantly defending against unrelenting, baseless/malicious and increasingly personal attacks."
Taiwan considers itself a sovereign state -- but China views the self-ruled island as a breakaway province. Beijing has not ruled out the possible use of force to achieve unification.
Online travel firm MakeMyTrip's top executives Deep kalra and Rajesh Magow have decided to draw 'zero salary' from April 2020, while the rest of its leadership team will take a reduction of around 50 per cent in their compensation amid the covid-19 outbreak. Group Executive Chairman Deep Kalra and its group CEO Rajesh Magow have decided to take 'zero salary' from April 2020 as the company plans to undertake multiple "tough measures" to keep overall expenses at a minimum amid the covid-19 outbreak.
Sandberg also plans to give to anti-poverty efforts and educational groups.
Between December 2013 and August 2016, Gannamaneni abused his position as a senior software consultant at the investment bank and accessed sensitive, highly-confidential information concerning at least 40 mergers, acquisitions, tender offers
According to a letter filed with the Securities and Exchange Commission in December and disclosed on Tuesday, the search giant may serve ads on a different set of 'mobile' devices, including thermostats, glasses and watches.
While Etihad has told Securities and Exchange Board of India that it has not violated any securities law by not making an open offer, the capital market regulator is now seeking further clarity on the issue from other agencies including fair trade watchdog CCI, Finance Ministry and Aviation Ministry, sources said.
The US market regulator Securities and Exchange Commission was doing what it could to stem the flow. It temporarily prohibited naked short-selling in the securities of major financial players including Freddie Mac and its sister firm Fannie Mae in July. But this didn't really help. It was only after global central banks pumped in unprecedented liquidity into global markets, that the storm was finally calmed.
India on Sunday declared the two officials of the Pakistan High Commission as 'persona non grata' on charges of espionage and ordered them to leave the country within 24 hours. In its reaction, Pakistan rejected the allegations against the two officials and called the Indian action a 'clear violation' of the Vienna Convention on Diplomatic Relations as well as the norms of diplomatic conduct.
The company, which had made voluntary disclosures about the bribery incident to the US authorities, also said with this resolution, there was no pending investigations against Cognizant.
British Prime Minister Boris Johnson, who landed in Ahmedabad on Thursday morning on a two-day India visit, was accorded a grand welcome at the airport in Ahmedabad. Soon after, he visited Sabarmati Ashram in the company of Gujarat Chief Minister Bhupesh Patel.
The two officials, Abid Hussain and Muhammad Tahir, were caught by the Special Cell of the Delhi Police from central Delhi's Karol Bagh while they were obtaining sensitive documents relating to India's security installations from an Indian national in exchange of money, official sources had said on Sunday.
Officials said the entire forest area from Mendhar to Thanamandi remains under a strict cordon and a massive search operation is on to neutralise the terrorists moving from one place to another in an attempt to escape the dragnet.
If approved, the Nasdaq plan could have far-reaching effects on competition, pricing and complexity in options and stock markets.
Infosys is likely to report strong revenue growth in the fourth quarter of FY19 on the back of momentum in the big deal space.
If you opt for a term-life cover, buy separate policies to cover the loan for all the co-borrowers in a home loan for a sum assured equal to the home loan amount.
'This issue is related to national security because they were compromising the entire capital markets's core infrastructure by leaking confidential information.' 'What would have happened if the servers had come down?' 'Or some confidential information leaked to terrorists who could have knocked out our capital market?'
Indian-American Amit Priyavadan Mehta has been confirmed by the US Senate as a federal judge in the District of Columbia, becoming the first Asian Pacific American to occupy this important position.
Under the EB-5 Investment Visa programme, an applicant receives a conditional green card on making a minimum investment of $5,00,000 in the United States.
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