Sale and consumption of alcohol was completely banned in Bihar by the Nitish Kumar government in April, 2016.
Reliance Industries has not violated any regulations, a spokesperson for Mukesh Ambani-led firm said on Monday, when asked about Sebi's show-cause notice in relation to sale of shares of its then subsidiary Reliance Petroleum in late 2007.
Securities and Exchange Board of India has barred Samir Arora, fund manager of Alliance Capital Mutual Fund, from dealing in securities in any manner for five years for violating the regulator's unfair trade practices norms
Sebi, which is probing charges of insider trading in the Satyam case, sought a day's custody of Ramalinga Raju and Rama Raju, who are currently in judicial custody. The regulator's request for a day's custody of the Raju brothers, however, was turned down by the sixth additional chief metropolitan magistrate on January 23.
Sebi has launched a coordinated investigation with the Registrar of Companies to examine transactions between Satyam and its bankers BNP Paribas, Citibank, HSBC, HDFC and ICICI Bank
Gupta's lawyer Seth Waxman argued his case during a hearing before a three-judge panel of the 2nd US Circuit Court of Appeals in New York on Monday.
'The markets haven't corrected, that doesn't mean that they will only go up and up.'
Notwithstanding the fact that the country's pharmaceutical (pharma) pricing regulator has allowed a 12 per cent price increase for medicines listed under the National List of Essential Medicines (NLEM) in 2023, analysts and industry insiders predict that the overall domestic pharma industry will only witness a price hike of 5-6 per cent. This is attributed to higher competitive intensity in the market. Krishnakumar V, executive director and chief operating officer (CEO) of Eris Lifesciences, a domestic-focused pharma company, noted that the NLEM segment experienced growth suppression of around 150 basis points due to price reductions during the January to July period this year.
Officials were surprised at how quickly smugglers appraised the Covid situation to recruit jobless migrant workers to ship gold.
Enormous debt isn't the only thing afflicting Air India. Its work culture is an equal culprit in its downfall.
Hauling itself up from World Group II should not be a complicated task for India when it takes on an unostentatious Morocco in the home tie, which will be more of a celebration of Rohan Bopanna's Davis Cup career.
The western region bench of the Company Law Board has rejected a petition filed by the co-promoters of Zandu Pharmaceuticals Works opposing an alleged take-over bid by rival Emami, saying it has no jurisdiction in this issue and adding that the Securities and Exchange Board of India needed to intervene.
Both companies can now complete the deal.
Reliance Petroinvestments, a subsidiary of Mukesh Ambani-led Reliance Industries Ltd (RIL), has approached the Securities Appellate Tribunal against the capital markets regulator, which imposed a Rs 11-crore (Rs 110 million) penalty on the company in the Indian Petrochemicals Corp Ltd (IPCL) insider trading case.
Last month, the high court had ordered an interim status quo on the $4-billion deal, after a suit from some individual investors alleged insider trading in Ranbaxy's shares by Silverstreet Developers, Sun's wholly owned arm, before the deal was announced on April 6.
While Shah is a former analyst at the Moody's Investor Service, Shankar who has already pleaded guilty is a former proprietary trader at Schottenfeld Group in New York.
Kumar has been director on the board of ISB, which is affiliated to Wharton, Kellogg and London School of Business, for four or five years.
Dr Zachariah P Zachariah, arguably the most influential Indian- American Republican and a major fund-raiser for the party for more than two decades and a close friend of the Bush family, has been charged with insider trading by the United States's Securities and Exchange Commission.
Bharara, 48, has made a national and international mark for himself with many high-profile cases and investigations including foreign countries, insider trading and those involving US politicians.
The Gupta case is SEC v. Gupta, US District Court, Southern District of New York, No. 11-07566.
"What's wrong in that? Even if you have shares, you will sell them," Corporate Affairs Minister Prem Chand Gupta told reporters in New Delhi. The minister was replying to a query as to whether the fact that Murty sold the shares between December 12-16, 2008, was a matter of concern and could have been a case of insider trading as the sale preceded an abortive acquisition deal -- now at the centre of the accounting scam in Satyam.
Software services firm Infosys Technologies has imposed a fine on its chief executive officer S 'Kris' Gopalakrishnan and an independent director Jeffrey Sean Lehman for violating company rules.
Shardul Thakur played the innings of his life to power his new team Kolkata Knight Riders to a thumping 81-run victory against Royal Challengers Bangalore in the IPL match on Thursday.
Images from the UEFA Champions League matches played on Tuesday night.
The Allapuzza the police found that nearly 1,700 girls were trapped in sex rackets. Many of them were exploited due to their poor financial background and some were threatened and blackmailed into the trade. Vicky Nanjappa reports
Specific sections of the Companies Act need to be amended to empower Sebi to regulate or take penal action against an unlisted entity and its promoters for violating the insider trading and other securities norms.
CBI conducted raids at over two dozen places including those of senior officials of SBI Mutual Fund, UTI and broker Ketan Parekh for allegedly duping the financial institutions of crores of rupees in the latest stock market scam.
Samir Arora, chief investment officer of Alliance Capital Fund, has filed a petition with the Securities Appellate Tribunal challenging Sebi's order barring him from dealing in capital market
IMAGES from Day 10 of the US Open, at the USTA Billie Jean King National Tennis Center, Flushing Meadows, New York.
According to reports, public transport and banking services remain partly disrupted for the second day in some states.
They travelled for almost three days in a train with dead bodies, witnessing bloodshed and massacre across the new border that was created between India and the new-formed Pakistan.
The Supreme Court on Thursday asked the suspended chief of the Board of Control for Cricket in India, Narayanaswami Srinivasan, "who really owns" Indian Premier League franchise Chennai Super Kings. It also expressed his displeasure over India captain Mahendra Singh Dhoni holding important position in Srinivasan's India Cements, saying the "dual role is a matter of concern."
Yoshiaki Tsutsumi had been one of only four honour members, a list that also includes former U.S. Secretary of State Henry Kissinger.
Post DeMo and GST, business outlook remain diminished among both buyers and sellers
Market regulators of India and Mauritius inked a crucial agreement, on Thursday, for sharing of information on securities dealings, which would assist Sebi to dig deep into the securities scam of 2000-01 and prevent similar incidents in future.\n\n\n\n
The Mumbai high court on Friday ordered CBI to probe the complaint filed by Tata Finance Ltd against its former managing director Dilip Pendse for allegedly cheating the company to the tune of Rs 400 crore.
