News for 'US Securities and Exchange Commission'

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.

Manchester United to list on NY stock exchange

Manchester United to list on NY stock exchange

Rediff.com4 Jul 2012

Manchester United has picked the New York Stock Exchange to make its stock market debut, ending months of speculation over where the world's best-supported soccer club would list.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

'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.

L&T Q4 net profit jumps 25% to Rs 5,497 crore, beats Street estimates

L&T Q4 net profit jumps 25% to Rs 5,497 crore, beats Street estimates

Rediff.com10 May 2025

Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.

Govt announces new Fund of Funds scheme with Rs 10k cr corpus for startups

Govt announces new Fund of Funds scheme with Rs 10k cr corpus for startups

Rediff.com1 Feb 2025

The government on Saturday announced a host of measures such as setting up of a new Fund of Funds Scheme (FFS) with Rs 10,000 crore corpus; and extension of period of incorporation by five years with a view to promote growth of budding entrepreneurs.

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?

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.

Modi, Macron fly together to Marseille, open new Indian consulate

Modi, Macron fly together to Marseille, open new Indian consulate

Rediff.com12 Feb 2025

Prime Minister Narendra Modi and French President Emmanuel Macron have called for enhancing trade and investment ties between their countries and committed to further deepening their engagement in the Indo-Pacific. They discussed a full spectrum of bilateral relations, including key global and regional issues, and stressed the urgent need for reform in the United Nations Security Council. The leaders also underscored their commitment to ensuring the global AI sector can drive positive social, economic, and environmental outcomes.

Power utilities likely to see moderate growth in Q3 earnings

Power utilities likely to see moderate growth in Q3 earnings

Rediff.com22 Jan 2025

Power utilities may report moderate growth in earnings for Q3FY25. Generation is up 3 per cent year-on-year (Y-o-Y) in Q3 on lower cooling demand and high base, to 429 billion units (BU). Peak demand was steady at 224 Gw in Q3FY25, a 10 per cent decline from the record highs of 250 Gw in May 2024.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.