In 2011, the B K Goenka-led Welspun group set itself a target to become a $-5 billion company from a $ 3-billion company then by 2014 backed by the promise of investments by American private equity......
Last week, the Securities and Exchange Board of India pulled up promoters of four companies -- Welspun Corp, Ackruti City, Murli Industries and Brushman India -- for allegedly rigging their own......
The Securities and Exchange Board of India (Sebi) on Friday banned Mumbai-based high net worth individual Sanjay Dangi and promoters related to him from dealing in equity markets.Promoters and......
The year 2013 was a dream run for US-based Apollo Global Management. The fund made a killing when it sold its stake in chemical firm LyondellBasell – earning close to a billion dollars for......
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just......