News for 'US Securities and Exchange Commission'

Should You Avoid High-Cost Funds?

Should You Avoid High-Cost Funds?

Rediff.com12 Nov 2024

Investors should match their investment horizon with the fund's portfolio duration.

European Commission objects to Sun-Oracle deal

European Commission objects to Sun-Oracle deal

Rediff.com10 Nov 2009

The statement of objections was regarding the combination of Sun's open source MySQL database product with Oracle's enterprise database products and its potential negative impact on competition in the market, Sun Microsystems said in a filing to the the US Securities and Exchange Commission.

Chicago's options exchange to file for $300 mn IPO

Chicago's options exchange to file for $300 mn IPO

Rediff.com12 Mar 2010

The Chicago Board Options Exchange, the last major private exchange in the US, has filed for an initial public offering with the Securities and Exchange Commission, to raise up to $300 million.

More the merrier? A tale of multiple self-regulatory organisations

More the merrier? A tale of multiple self-regulatory organisations

Rediff.com7 Feb 2025

Mint Road, on December 21, 2023, flagged the role of self-regulatory organisations (SROs) in strengthening the compliance culture in regulated entities (REs) and providing a consultative platform for policymaking. It also decided to issue an omnibus framework for SROs.

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.

Adani opts out of US funding for Colombo Port project

Adani opts out of US funding for Colombo Port project

Rediff.com11 Dec 2024

Billionaire Gautam Adani's group has pulled out of a loan deal with a US agency to fund a port terminal in Sri Lanka, saying it will use its own resources for the project. In an exchange filing late on Tuesday, Adani Ports and Special Economic Zone Ltd (APSEZ) said the project "is on track for commissioning by early next year". "The project will be financed through the company's internal accruals and capital management plan," the firm said.

India The Diplomatic Ambassador In Global Crises

India The Diplomatic Ambassador In Global Crises

Rediff.com16 Sep 2024

Times have changed, situations have changed, but the basic nature of superpower geo-politics remains the same and so also India's diplomacy -- call it non-alignment, strategic autonomy or neutrality; it all depends on the time scale, notes Rup Narayan Das.

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.

ATMs to loans: All eyes on the road for finance world

ATMs to loans: All eyes on the road for finance world

Rediff.com6 Jan 2025

In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.

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.

MF licence aspirant list swells with new wave of AMCs ready to roll

MF licence aspirant list swells with new wave of AMCs ready to roll

Rediff.com24 Oct 2024

India's thriving mutual fund (MF) industry is drawing interest from several firms, with multiple applications submitted to the Securities and Exchange Board of India (Sebi) for asset management company (AMC) licences.

Satyam presents bidding plan to Sebi

Satyam presents bidding plan to Sebi

Rediff.com25 Mar 2009

The Satyam board said corporate governance, a clean record, management and organisational ability in operating a global company will be considered, apart from the financial bid and other technical criteria. The bidders will furnish an irrevocable and unconditional performance bank guarantee of Rs 100 crore to guarantee the deposit of funds required for the preferential allotment and the requisite escrow amounts for the public offer within four days of being selected.

SEC probes second Goldman security

SEC probes second Goldman security

Rediff.com10 Jun 2010

The probe is not part of the civil fraud charges filed against the bank in April, which caused an alleged loss of over $1 billion to investors by misrepresenting facts about the financial product tied to sub-prime mortgages.

RIL's 'Paramount' dream to be a media giant

RIL's 'Paramount' dream to be a media giant

Rediff.com14 Mar 2024

Paramount Global has agreed to sell its 13 per cent stake in its Indian TV business to Reliance Industries for Rs 4,286 crore, the Indian firm said on Thursday. In a stock exchange filing, Reliance said it has signed a binding agreement with two subsidiaries of Paramount Global to acquire 13.01 per cent equity stake of Viacom 18 Media Private Limited held by Paramount Global. Similarly, in a filing on the US Securities and Exchange Commission (SEC), Paramount Global said the closing of the transaction is subject to the satisfaction of certain customary conditions, including receipt of applicable regulatory approvals, as well as the completion of a previously announced joint venture involving Reliance, Viacom18 and Star Disney.

Are I-T Returns Details Private?

Are I-T Returns Details Private?

Rediff.com21 Sep 2024

Disclosing an individual's income-tax returns is tantamount to violating the person's fundamental right to privacy as recognised by the Constitution.

Canada didn't act on Bishnoi gang despite info: India

Canada didn't act on Bishnoi gang despite info: India

Rediff.com17 Oct 2024

During the briefing, Jaiswal reiterated that so far no evidence has been shared by Canada.

Over 7,200 Indian students return home post Bangladesh unrest: Govt

Over 7,200 Indian students return home post Bangladesh unrest: Govt

Rediff.com9 Aug 2024

The high commission of India in Dhaka and the assistant high commissions in Chittagong, Rajshahi, Sylhet and Khulna have been assisting in the voluntary return of Indian nationals, he said.

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.

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.

India, Canada expel diplomats amid deepening rift

India, Canada expel diplomats amid deepening rift

Rediff.com15 Oct 2024

India on Monday expelled six Canadian diplomats and announced withdrawing its high commissioner and other 'targeted' officials from Canada after strongly dismissing Ottawa's allegations linking the envoy to a probe into the killing of Sikh extremist Hardeep Singh Nijjar, in a major downturn in already frosty ties between the two nations.

JCO, 4 soldiers killed in ambush, 5th terror attack in Jammu in a month

JCO, 4 soldiers killed in ambush, 5th terror attack in Jammu in a month

Rediff.com8 Jul 2024

Five army personnel were killed and six injured on Monday when terrorists ambushed their vehicle in the remote Machedi area of Jammu and Kashmir's Kathua district, officials said.

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

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.

How Modi Has Been Cut To Size

How Modi Has Been Cut To Size

Rediff.com6 Sep 2024

In the event of the BJP's poor performance in the assembly polls this year and in early 2025, Modi's hold will get further weakened because he will no longer remain the invincible electoral persona tightly controlling the machine at his disposal, asserts Nilanjan Mukhopadhyay.

Novelis IPO: A potential booster for Hindalco

Novelis IPO: A potential booster for Hindalco

Rediff.com29 Feb 2024

Base metals major Hindalco's overseas subsidiary, Novelis, has submitted a draft registration with the US Securities and Exchange Commission (SEC) for the proposed public offering of promoters' shares. Novelis' sole shareholder, AV Minerals (Netherlands) NV, is a 100 per cent subsidiary of Hindalco. Novelis would not receive any proceeds from the sale. Assuming SEC clearance could go through in about 6 months.

Modi, Zelenskyy didn't talk about Russian oil: MEA

Modi, Zelenskyy didn't talk about Russian oil: MEA

Rediff.com24 Sep 2024

Prime Minister Narendra Modi is deeply concerned by the war in Ukraine and his meeting with President Volodymyr Zelenskyy in New York demonstrates his commitment to finding a way forward and contributing in any way possible to a resolution of the conflict, Foreign Secretary Vikram Misri said.

'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.

What was in red bag on IC-814 flight? Ex-envoy reveals in new book

What was in red bag on IC-814 flight? Ex-envoy reveals in new book

Rediff.com14 Sep 2024

"The 'red bag' belonged to one of the hijackers, it contained explosives, and possibly, real passports, too.

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.

Samvat 2080: A year of hope for industrial and precious metals

Samvat 2080: A year of hope for industrial and precious metals

Rediff.com23 Nov 2023

The new Samvat 2080 is viewed as a year of hope for industrial and precious metals. A key reason is the expectation of US interest rates peaking, followed by a reduction in the coming months. Regarding crude oil, its trajectory depends more on how the situation unfolds in West Asia.

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.