Sebi on Monday imposed a penalty totalling Rs 15 crore on senior officials of Franklin Templeton AMC and its trustee for violating regulatory norms in the case of winding up of six debt schemes in 2020. However, a spokesperson of Franklin Templeton said they disagree with the findings in Sebi's order and intend to file an appeal with the Securities Appellate Tribunal (SAT). A fine of Rs 3 crore has been levied on Franklin Templeton Trustee Services Pvt Ltd and Rs 2 crore each on Franklin Asset Management (India) Pvt Ltd President Sanjay Sapre and its chief investment officer Santosh Kamat, according to the Sebi order. In addition, the regulator imposed a penalty of Rs 1.5 crore each on fund managers -- Kunal Agarwal, Pallab Roy, Sachin Padwal Desai and Umesh Sharma -- as well as former fund manager Sumit Gupta.
Bollywood wishes #HappyFather'sDay.
When the doyenne of television decides to party, all her friends make it a point to attend.
'If you perform well, if you do your best, it stays with the viewer. That's how you grow.'
Excerpts from CNBC-TV18's exclusive interview with Sushil Gupta and Vivek Nair.
Scindia, who is now with the BJP and took oath as a member from Madhya Pradesh, greeted his bete noire before taking oath. Scindia and Singh had differences that led to Scindia quitting the Congress. Scindia also greeted Congress leaders Mallikarjun Kharge and Ghulam Nabi Azad.
The division bench completed the hearing of arguments and said it will pronounce its order on Friday, requesting the Speaker too to extend his deadline for accepting the MLAs replies to the notices. The notices had followed a Congress complaint that the 19 MLAs should be disqualified from the assembly for defying a party whip.
An initial reading of the guidelines indicates two factors - potential rise in borrowing cost and lower returns on investment book - could hit the spread of NBFCs.
Shweta Kakhandaki/Poojashree Venkatesh and Sumit Gupta/Vivek Shokeen won their quarter-final matches in the ITF tournament in Islamabad.
Ecorithm's powerful suite of technologies can be applied to build systems and various other enterprise solutions to improve operations.
Bollywood glorifies Mumbai's dons in its movies.
Patole wrote that he was resigning as the chairman of the Kisan Congress and 'dismissing' the unit.
They made the grade in the Jr National tennis championships with contrasting wins.
Rishabh, 17, of New Seemapuri, succumbed to the vector-borne disease on Thursday at the Max super-speciality hospital in Ghaziabad.
Young IIT engineers have come up with an affordable solution to the wastage of agricultural produce by developing a unique solar-powered cold storage system which works at almost zero running cost.
Rajasthan Chief Secretary D B Gupta said he and the representatives of a few other states raised objections to a few questions to be asked by enumerators during the NPR exercise. He said the central government officials told them that answers to all such questions are not mandatory.
'The Child Labour (Prohibition and Regulation) Amendment Bill' makes employment of children below 14 years as cognisable offence for employers and provides for penalty for parents.
Summary of all Ranji Trophy matches played on Saturday
Many argue that the airline could achieve its full potential if Nusli Wadia were to run it the way he does Britannia.
The 26th edition of Lions Gold Awards was held on January 25.
Rajneesh Gupta checks out The Master's unknown records and milestones.
Eleven start-ups completed a programme launched by Gennext Ventures.
Budget 2016 may hold some answers to start-up cooncerns.
Here's a look at the Top 10 tweets from your favourite Bollywood celebrities.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Indian entrepreneurs increasingly looking to sell their products in US
Appearing before a bench of Chief Justice N Venkata Ramana and Justice Pradeep Nandrajog, Additional Solicitor General Siddharth Luthra mentioned the plea saying, "There is an urgency in the matter and let it be heard today itself".
A Delhi court on Saturday dismissed an application filed by Vinay Sharma, one of the four death row convicts in Nirbhaya gang-rape case, seeking specialised medical treatment for claimed insanity. The court observed that general anxiety and depression are obvious for those on death row.
As Preet Bharara told Rediff India Abroad, "When is the last time you had two Indian Americans doing a law enforcement press conference" dealing with violations of civil rights and taking the city of New York to court?
This could be the reason why Prime Minister Narendra Modi mentioned tomato, onion, and potato as his government's 'TOP' priority, in an election rally on February 5 in poll-bound Karnataka.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Many of them were expected to cover a reasonable distance, but audiences gave them the cold shoulder.
The bench said, "It is not an issue which can be taken up through an election petition and therefore, requires to be heard."
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