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India's new GDP yardstick: What changed, what did not, and what every investor should now read differentlyIndia changed the base year used to measure its economy from 2011-12 to 2022-23. The first full-year provisional numbers under the new yard...
Diwali 2024: Special offers on shopping Bullet 350 and Classic 350 bikes on EMIs on Bajaj MallThis Diwali 2024, Bajaj Finance offers special cashback deals of up to Rs. 5,000 on the Royal Enfield Bullet 350 and Classic 350 when booke...
Small finance banks, microfinance lenders cap loans to curb excess borrowingSmall finance banks and microfinance lenders are setting a cap of four live loans per borrower. This is a precautionary step to avoid defau...
SAT reduces Sebi's penalty on Zenith Birla to Rs 25 lakh in GDR manipulation caseIn addition, it had imposed a three-year ban on ZBIL and a one-year ban each on Yash Birla and M S Arora who were company's chairman and ma...
Fraudulent GDR scheme case: Sebi slaps Rs 1.25 cr fine on 5 entitiesIn its probe, Sebi found that the scheme of issuance of GDRs was fraudulent as Nakoda had entered into a pledge agreement with European Ame...
Sebi imposes Rs 10.25 cr fine on Commex Technology in GDR manipulation caseSebi noted that loan agreement and pledge agreement, enabled Vintage to avail loan from EURAM Bank for subscribing to GDRs of Commex. Furth...
Sebi imposes Rs 72 cr fine on Winsome Textile Industries, directors, 2 othersWinsome issued 1.29 million GDRs amounting to USD 9.99 million on March 31, 2011, and Pan Asia Advisors Ltd was the lead manager of the iss...
Sebi levies Rs 12 cr fine on Winsome Yarns, its MD in GDR manipulation caseNew Delhi, May 31 () Regulator Sebi has slapped penalty totalling Rs 12 crore on Winsome Yarns Ltd and its managing director in a matter pe...
Sebi levies Rs 12 cr fine on Winsome Yarns, its MDThe firm had issued GDRs amounting to USD 13.24 million (around Rs 96 crore) on March 29, 2011.
Sebi slaps Rs 40 lakh fine on three individuals in GDR manipulation caseThe Securities and Exchange Board of India (Sebi) had conducted an investigation in the matter of Kemrock Industries & Exports Ltd (KIEL) d...
Zenith Birla GDR manipulation case: Sebi bans 7 entities, 6 individuals from securities mktBesides, High Blue Sky Emerging Market Fund, Pan Asia Advisors Ltd, Mukesh Chauradiya, India Focus Cardinal Fund and P V R Murthy have been...
GDR manipulation case: Sebi slaps Rs 1.75 crore fine on company, 3 individualsAn investigation was conducted by Sebi with respect to GDR (Global Depository Receipt) issuance by the company during June to July 2010. Du...
GDR manipulation: Sebi slaps total Rs 11.8 cr fine on Beckons Industries, 4 officialsBeckons issued GDRs worth USD 5 million in July 2008, with the objective of establishing a subsidiary in the UAE.
Sebi bars Kemrock, 3 individuals from securities marketSince the company is under liquidation, the directions are subject to any order passed by the court or tribunal having jurisdiction approvi...
GDR manipulation: Sebi slaps Rs 20 lakh fine on individualSebi had conducted an investigation with respect to issuance of Global Depository Receipts (GDRs) by BAL during November-December 2010.
GDR manipulation: Sebi slaps Rs 50 lakh fine on Farmax India MDFarmax India Ltd (FIL) had issued GDRs amounting to USD 59.92 million in June 2010 and USD 11.98 million in August 2010 under green shoe op...
Sebi imposes Rs 25 cr fine on an individual in Winsome Yarns GDR issue matterInvestigation revealed that Vintage FZE (now known as Alta Vista International FZE), an entity controlled by Panchariya, was the sole subsc...
Sebi bars four individuals in Birla Cotsyn's GDR issue manipulation caseIn a 55-page order passed on Tuesday, Sebi banned four former individuals -- P V R Murthy, Yashovardhan Birla, Y P Trivedi and Mohandas Adi...
GDR manipulation case: Sebi slaps Rs 11.45 crore fine on Maars Software, 3 individualsThe watchdog had conducted a probe with respect to GDR issuances by certain companies. MSIL came out out with a GDR issue on August 10, 200...
Sebi imposes Rs 40 lakh fine on Sybly Industries MD, director for GDR manipulationSebi noted that the entire 1.51 million GDR were subscribed by only one entity, Vintage FZE (now known as Alta Vista International FZE).