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.
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.
'Investors should not commit fresh money to these stocks right now, unless they can hold for the next three to four years.'
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.
Many films and shows go back in time to bring alive so many fading and forgotten memories.
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.
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.
In a fresh development in NSEL's Rs 5,600 crore scam, the Enforcement Directorate (ED) on Monday registered a preliminary inquiry into the payment crisis, suspecting large-scale money laundering in the beleaguered spot exchange, a senior official said.
Why do investors need a broker to buy stocks which were dematerialised long ago and can be delivered directly into their accounts?
Congress general secretary (communications) Jairam Ramesh said they will pose three questions a day to Prime Minister Narendra Modi over the issue.
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.
The Street is never short of hope and events to look forward to
Capital markets regulator, I-T department suspect tax evasion and market manipulation
The government said the sharp rise in capital market in the last 3 months was not just due to inflows from FIIs, but the overall improvement in the economy, anticipated better GDP growth and good corporate earnings.
The agency recorded his statement under criminal sections of the Prevention of Money Laundering Act (PMLA), officials said.
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.
Buy shares of a good profitable, successful business, hold on for inordinately long periods of time, and live off the dividends. You will surely get wealthy in the long run.
'It can't be a coincidence that he and his family, uncles and all, vanished from India only days before the scam was discovered.'
In our mystery the watchdog agencies are silent, but it is the market that has barked and has not stopped barking. Till such time as it continues to do so, this headache will not go away, notes Aakar Patel.
State-run Bank of Baroda and Oriental Bank of Commerce are among those facing scrutiny.
The rot is is not limited to Chitra Ramkrishna and the yogi, observed Debashis Basu.
Avoid thinking of investment as some 'become millionaire in a week' scheme, says Nikhil Sethi, founder and MD, Zuvomo, a crowdfunding firm. Always think of long term gains and plan your trades accordingly.
Each scam that comes out in the open shows the regulators to be miles behind.
The Enforcement Directorate has recently recorded the statement of former NSE managing director and chief executive officer Chitra Ramkrishna, lodged inside Delhi's Tihar jail, as part of a money laundering investigation against her and others, officials said Tuesday. The proceedings for recording the statement were conducted on two occasions inside the jail. The statement has been recorded under the criminal sections of the Prevention of Money Laundering Act (PMLA), they said. Ramkrishna is lodged in the Tihar jail after she was arrested by the Central Bureau of Investigation (CBI) on March 6 in the alleged National Stock Exchange (NSE) co-location scam case and investigation linked to other governance irregularities at the bourse.
As economic policy making moves from pragmatism to populism, the bulls begin to make way for cautious optimists.
It is the biggest issue we have ever faced in the securities market, where a sensitive and systemically important institution and first-line regulator was not only exploited by unscrupulous elements but functioned like a private fief, points out Debashis Basu.
Capital markets regulator Sebi on Tuesday sent a notice to NSE's former chief Chitra Ramkrishna asking her to pay Rs 3.12 crore in a case related to governance lapses at the stock exchange, and warned of arrest and attachment of assets and bank accounts if she fails to make the payment within 15 days. The notice came after Ramkrishna failed to pay the fine imposed on her by the Securities and Exchange Board of India (Sebi). In an order dated February 11, Sebi had slapped a penalty of Rs 3 crore on Ramkrishna for alleged governance lapses in a case related to the appointment of Anand Subramanian as the Group Operating Officer and Advisor when she was at the helm of NSE as its managing director and chief executive officer, as well as for sharing confidential information of the company with an unidentified person.
The venue for Saturday's meeting was shifted at the last minute from the headquarters of the India Banks' Association in Cuffe Parade to avoid media glare.
The 30-share Sensex ended higher by 46 points at 26,360 and the 50-share Nifty gained 16 points at 7,891.
India's gold obsession needs a correction.
The news of his passing is sad and sudden but the body of work he leaves behind will neither fade nor be forgotten.
Following the money and freezing anything unaccounted is the only way to set an example for others, suggests Debashis Basu.
Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and IL&FS, says Jaimini Bhagwati.
