These entities have facilitated illicit transactions worth thousands of crores of rupees over the past 2-3 years
A special Central Bureau of Investigation court in Mumbai has convicted four former bank officials in one of the multi-crore securities scam cases and sentenced them to three years imprisonment, 25 years after the scam involving 'Big Bull' Harshad Mehta came to the fore.
The Delhi high court on Wednesday granted bail to former National Stock Exchange (NSE) head Chitra Ramkrishna and ex group operating officer Anand Subramanian in the co-location scam case being probed by the CBI. Justice Sudhir Kumar Jain said he was granting "statutory bail" to the two former officials of the NSE. A detailed copy of the order is awaited.
The Congress-led opposition stepped up its attack on Friday against the government over the Adani row and demanded that there should be a thorough investigation into what they alleged was a 'mega scam' as it involved public money.
He was in news after the then DIG (Prisons) D Roopa recently alleged that Telgi was among several prisoners who received special treatment in the jail.
Sebi had to post the show cause notices on its website as the accused entities did not receive the notices sent to them earlier. The regulator has accused the entities of creating artificial volumes and manipulating the price of shares of Home Trade Ltd with a view to defrauding the banks and investors.
The Central Bureau of Investigation on Monday produced former managing director and chief executive officer of National Stock Exchange (NSE) Chitra Ramkrishna before a Delhi court in connection with the NSE co-location case. The probe agency produced the accused before special Special Judge Sanjeev Aggarwal and sought 14-day custodial interrogation in the case. The CBI arrested the accused on Sunday after her anticipatory bail application was dismissed by the court on Saturday. The CBI had recently questioned Ramkrishna in the matter.
The Nifty had hit its third successive record high of 7,922.70 today.
The government has received reports that tainted stock broker Ketan Parekh, barred from the capital markets till 2017 over a securities scam, is still active and has taken positions in oil PSUs like ONGC and HPCL.
Long-term investors should consider moving into smaller stocks. Rather than try to pick stocks, it makes sense to build a diversified portfolio by exposure across midcap and small caps funds, suggests Devangshu Datta.
According to reports, the Central Bureau of Investigation has sent notices to 21 medium-to-large sized Indian companies regarding an ongoing probe into a financial bribery scandal.
Many films and shows go back in time to bring alive so many fading and forgotten memories.
Markets can no longer go kaput these days; nor can brokers.
Why lay investors you should not be scared of investing in the stock markets through the mutual fund route.
In 2014, the Supreme Court of India revoked the allocation of more than 200 coal blocks which were sold by the government
Opposition parties on Thursday agreed to jointly raise the issue of allegations of fraud against the Adani Group in Parliament but were yet to agree on the mode of inquiry into the Gujarat-based corporate major.
Three veteran investors, who, have braved the bad times, give their advice to retail investors.
After its various corrections since Diwali, the stock market is expected to settle and consolidate in the next few days, with most uncertainties thought to have been priced in. That applies to the telecom scam-related implications, too, as long as its toll does not go beyond ministers and no more bad news comes from European countries. Most players believe there are several good stocks at attractive valuations.
Within six months, outlets carrying Vicks jumped from 60,000 pharmacies to 750,000 general stores. The trade boycott collapsed. Consumers were happy, finding Vicks now at every street corner. A fascinating excerpt from Gurcharan Das's Another Sort of Freedom.
Do we not understand that risk and return go hand-in-hand, or do we, in our rush to get rich, simply choose to ignore risk, wonders Ramabhadran S Thirumalai.
It's high time that those who think stock investing is a game of luck, overcome their misconceptions and fear.
A common factor that binds all these men is greed.
The Gujarat high court upholds SEBI ban on Rajan Vasudevbhai Dapki.
Inflation, rate pressure and scams dampen mood, though demand remains strong.
Fraudsters were luring gullible investors of daily returns up to Rs 75,000.
Finance Minister P Chidambaram has stressed the need for financial literacy and instilling confidence among investors who burnt their fingers twice in two major scams in the stock markets in early 1990s and 2001.
Congress general secretary (communications) Jairam Ramesh said they will pose three questions a day to Prime Minister Narendra Modi over the issue.
99 per cent of respondents believed that the biggest impact of corruption business was its tendency to skew the level playing field and attract organisations with lesser capacity to execute projects.
Sources said that the capital markets regulator Securities and Exchange Board of India has come across quite a few cases where GDR route could have been used for round-tripping of funds in the name of capital-raising activities of listed companies from abroad.
Rose Valley is one of the biggest money businesses after Sahara.
'Investors should not commit fresh money to these stocks right now, unless they can hold for the next three to four years.'
Financier Bernard Madoff has pleaded guilty to all 11 charges in one of the largest swindles in Wall Street history. He faces as many as 150 years in prison when sentenced.
Dilip Bhat, joint managing director of the Prabhudas Lilladher group, a financial products agency, talks to Business Standard about the market rally ahead of the elections.
Tamil Nadu electricity minister was arrested under the Prevention of Money Laundering Act (PMLA), official sources said, making him the first minister in the M K Stalin-led government to face such an action from a central agency.
India, the year 2010, saw many an upheaval in the often mysterious, at times murky, and occasionally bright world of business, money and economy.
Blaming the nominal inflow of household savings into stock market on lack of confidence of retail investors, a Joint Parliamentary Committee has recommended strict accountability by listed companies through certification by their chief executives.
Action against auditors, last of the 276 recommendations of a JPC probing Ketan Parekh scam, is still pending.
The public's faith in the processes of government would be restored if the prime minister is as good as his word, and goes with determination after all the guilty in the telecom scam and the many Commonwealth Games rackets.
For 20 years, the stock market headed nowhere, and this has created permanent aversion.
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