India is concerned that SEC might have influenced rating given to the country by Fitch.
US market regulator Security and Exchange Commission and Sebi (Securities and Exchange Board of India) are not in favour of a joint investigation into the Satyam case, a top source said.
The Enforcement Directorate's (ED's) chargesheet in the National Stock Exchange (NSE) illegal phone-tapping case points to insider trading during the tenures of Chitra Ramkrishna and Ravi Narain as managing director and chief executive officer of the bourse. The federal agency will soon be sharing the details with the Securities and Exchange Board of India (SEBI) for further inquiry, two people aware of the findings told Business Standard. The ED, which filed its prosecution complaint (commonly known as chargesheet), alleged that Narain and Ramkrishna were the "key conspirators" and had assisted iSec Services to generate money to the tune of Rs 24 crore for exchanging crucial information, the people said.
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.
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.
Arjun Lal Jat and Arvind Singh won a silver medal in the men's lightweight doubles sculls event in rowing at the Asian Games.
Tactical investors should have an investment horizon of around six months to one year, long-term investors should stick around for 10 years or more.
The ministry of home affairs (MHA) on Monday sent a letter to the West Bengal State Election Commission (SEC) seeking details of the need for additional 485 companies of central forces, for which it has sent a requisition, an official said.
South Goa district collector Jyoti Kumari issued orders imposing Section 144 of the Code of Criminal Procedure, 1973.
RBI Governor Shaktikanta Das on Thursday said the central bank does not "emulate" others when it comes to regulations and asserted that the bank's as well as his own opposition to cryptocurrencies remain unchanged, a day after US regulators allowed bitcoin Exchange Traded Funds (ETFs). He also said that emerging markets and the world cannot afford to have a "crypto mania". "What is good for another market need not be good for us.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
In a setback to the West Bengal government, the Calcutta high court on Friday directed that panchayat elections in the state be held in three phases using central armed forces on dates decided by the State Election Commission, observing that primacy of the commission was not negotiable.
Citigroup Inc has defended its $75 million settlement with the Securities and Exchange Commission over under-declaration of its subprime mortgage exposure, setting the stage for a federal judge to decide on whether to approve the deal, according to a media report.
The Securities and Exchange Commission will issue rules next month to curb trading abuses in the mutual fund industry that favour large institutional investors over individual shareholders, SEC Chairman William H Donaldson has said.
The Delhi high court on Thursday granted bail to former Mumbai police commissioner Sanjay Pandey in connection with a money-laundering case related to alleged illegal phone-tapping and snooping of National Stock Exchange (NSE) employees.
Head coach Thomas Dennerby was a witness to the 'incident' and it was he, who immediately informed the AIFF.
The Union government on Monday indicated it was hopeful of a favourable reply from the US Securities and Exchange Commission to a request for being lenient on scam-hit Satyam Computers, thereby allowing it to remain on the rehabilitation track."We are expecting to get a fair judgment (from the SEC)," ministry of corporate affairs' Secretary, R Bandyopadhyay, said here at an interactive session organised by the Bengal Chamber of Commerce and Industry.
US regulator SEC has asked an appeals court to affirm a district court's decision that India-born former Goldman Sachs director Rajat Gupta pay a $13.9 million penalty and be banned for life from serving as director of a public corporation.
The US government has asked a court in New York to slap a maximum penalty of $15 million on India-born fallen Wall Street titan Rajat Gupta and permanently bar him from serving as director of any publicly-traded firm for his "terrible breach of trust" by indulging in insider trading.
The Tamil Nadu government filed a criminal complaint in a sessions court in Chennai on Wednesday against state Bharatiya Janata Party president K Annamalai for defaming Chief Minister M K Stalin.
Barack Obama on Thursday named Mary Schapiro, head of the securities industry's self-regulatory body, as chair of the Securities and Exchange Commission.
Analysts and economists have hailed the fiscal projections in the interim Budget, saying the lower fiscal deficit forecast shows that the government, even in an election year, is serious about fiscal consolidation and that the numbers look achievable. According to Devendra Kumar Pant, the chief economist at India Ratings, the two broad themes of the interim Budget are fiscal consolidation and stepping up focus on agriculture/rural to course correct, to some extent, the differential benefits of the ongoing economic growth that's tilted in favour of upper-income bracket/urban households. The projected fiscal deficit numbers for FY24 and FY25 suggest that the government is serious about achieving the fiscal consolidation path of 4.5 per cent fiscal deficit by FY26, and given the nominal GDP growth assumption and revenue buoyancy, the target appears plausible, Pant said in a note.
Supreme Court judge Justice DY Chandrachud has said that the decriminalisation of Section 377 of IPC by the apex court has enabled queer people to emerge as legally empowered citizens.
Rahul Gandhi was booked on Tuesday for 'wanton acts of violence' by the Assam Police as the political confrontation between the Congress leader and state Chief Minister Himanta Biswa Sarma escalated on the tenth day of the 'Bharat Jodo Nyay Yatra', with Gandhi asserting that he does not get 'intimidated' by such tactics.
Wipro was the biggest loser among Sensex firms, sliding 2.32 per cent, followed by HDFC Bank, Power Grid, UltraTech Cement, ITC, ICICI Bank and Tata Motors. IndusInd Bank, Maruti, State Bank of India, Mahindra & Mahindra, Asian Paints and Bajaj Finserv were among the gainers.
Billionaire entrepreneur Elon Musk has said Twitter is "very slow" in India and many other countries. "Twitter is very slow in India, Indonesia & many other countries. "This is a fact, not a "claim". "10 to 15 secs to refresh homeline tweets is common.
G-secs offer good liquidity, high safety. If the interest rate dips, as is widely expected, these could give you higher gains.
State Election Commissioner Rajiva Sinha on Thursday said that the village council elections will be held on a single day, with the deadline for filing nominations set for June 15. The votes will be counted on July 11.
Commodity investments can help you diversify your portfolio in asset classes other than equity and debt, says Dwaipayan Bose.
Apart from the assembly of five or more persons, it prohibits processions, use of loud speakers, musical band and bursting of crackers in any procession.
The Maharashtra State Election Commission (SEC) on Thursday stayed the elections to 92 municipal councils and four nagar panchayats in view of the next week's hearing on OBC reservations before the Supreme Court.
Stemming from the default of IL&FS in September, on various debt instruments including commercial papers, bonds and loans, the financial sector has been facing a liquidity crunch for the last eight to ten weeks.
Monday's move indicated China was refusing to yield in talks with the United States over access to Chinese audit papers, trying to keep foreign regulators off what it sees as its turf.
'Investors with higher risk appetite and longer horizon (more than one year) can invest in longer-duration funds like corporate bond funds, long-duration funds and gilt funds for maximum gain.'
The TMC has won in 34,560 gram panchayat seats, besides leading in 705 seats, according to the SEC as of 11.30 am on Wednesday.
The apex court observed that it respects the local sentiments but asserted authorities cannot let the law of the land not prevail especially when there is nothing affecting the personal rights or personal laws.
Regardless of market levels, invest in stocks and equity mutual funds in a staggered manner.
The Election Commission had pegged the cost of procuring additional Electronic Voting Machines and paper-trail machines for holding synchronised Lok Sabha and assembly polls at nearly Rs 9,300 crore.
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