BUSINESS
Bond market close to my heart, more needs to be done for its development: SEBI Chairman Ajay Tyagi
Tyagi also made a pitch for setting up credit enhancement fund to facilitate infrastructure funding and operationalising a mechanism for credit default swaps.
BUSINESS
MCA orders inspection of Zee Entertainment's books
The Ministry of Corporate Affairs has ordered an inspection of the financials of Zee Entertainment Enterprises Limited (ZEEL) following allegations of corporate governance lapses and after some its independent directors quit recently, a source told Moneycontrol.
BUSINESS
NSE NOW services were inoperative for 2 market hours
The NSE has faced many issues in its technology services in the last couple of days. SEBI had planned to take up the matter in a SEBI-appointed Technical advisory committee.
BUSINESS
Client securities | SEBI differs with stock exchanges, says communique ‘misleading’
The stock exchanges are a bit vague on the question: Can securities held in ‘client unpaid securities account’ be pledged with Clearing Corporations or transferred to Clearing Member for taking up fresh exposure?
BUSINESS
Iqbal Mirchi case: ED carries out searches on premises of Mumbai-based realty firm
Sudhakar Shetty, who is owner of Sahana group of companies, runs private charter services, a real estate business and has a majority stake in the "Jai Maharashtra" news channel.
BUSINESS
ED suspects Rs 12,773 crore siphoned from DHFL, part of which was paid to Iqbal Mirchi
A Special Court of the Prevention of Money laundering Act (PMLA) also extended the custody of DHFL's promoter Kapil Wadhawan for two more days.
BUSINESS
Iqbal Mirchi case: ED arrests Kapil Wadhawan; probe reveals loans worth Rs 2,186 crore given through 5 shell cos
The ED probe revealed that Kapil Wadhawan was the CMD of DHFL, and misused his position to siphon off large amount of monies from the company and diverted it to buy proceeds of crime.
BUSINESS
I-T conducts searches at United Phosphorous premises
The searches began early this morning and more than two dozen I-T officials are part of the search operations
BUSINESS
CBDT says income tax shortfall 'non-neogtiable', instructs top brass to pull up their socks to meet FY20 target
The CBDT Chairman said that a shortfall in tax collections is not negotiable despite a cut in the corporate tax rate, and that this short fall of Rs 1.36 lakh crore has to be recovered with extra efforts.
BUSINESS
ED steps up probe in pulses price rigging case; Edelweiss officials called for questioning
The agency has started calling the officials of companies which are suspected of having colluded to manipulate the prices.
BUSINESS
MCX Clearing Corp’s top boss appointment hits legal hurdle over technicality
MCXCC had appointed Ahlwawat MD and CEO in April last year for three years. After the company’s board and SEBI had approved the appointment, the same had to be approved by shareholders in the immediate extra-ordinary general meeting that followed
BUSINESS
PMC Bank case: ED's burning of the midnight oil, delayed paperwork stalls exit of Wadhawans from jail
An appeal filed by the Enforcement Directorate challenged a Bombay High Court order that allowed the shifting of HDIL promoters Rakesh and Sarang Wadhawan, those accused in the Rs 6,800 crore PMC Bank scam case, from Mumbai's Arthur Road prison to their residence.
BUSINESS
Edelweiss Chairman Rashesh Shah appears before ED in forex case
The businessman arrived at ED office in south Mumbai's Fort area around noon and exited after 5 pm, officials said. Details on the information sought from him were not immediately available.
BUSINESS
Edelweiss Chairman Rashesh Shah appears before ED in forex case
Edelweiss Chairman and Chief Executive Officer Rashesh Shah appeared in front of officials of the Enforcement Directorate today.
BUSINESS
Old Monk maker Mohan Meakin to relist on exchanges
The 163-year-old company looks to return to the capital markets 16 years after it had de-listed its equity shares from the Delhi and Calcutta stock exchanges.
BUSINESS
SEBI-appointed SMAC may approve new margining system, share pledging mechanism next week
The SEBI-appointed Risk Management Review Committee (RMRC) in October had agreed on most recommendations of the sub-working group. This group had proposed lower margins for hedged positions and status-quo on unhedged derivative positions.
BUSINESS
ED to issue fresh summon to Edelweiss' Rashesh Shah in connection with Rs 2,000cr forex scam
The case pertains to violation of foreign exchange norms involving a firm Capstone Forex, a Mira-Bhayander based firm.
BUSINESS
I-T Department carries out searches at Aarti Industries' premises
The investigation wing of the Income Tax department is conducting searches at offices and manufacturing plants of Aarti Industries, a source told Moneycontrol.
BUSINESS
SEBI okay with brokers funding client margins, but only with their own money
The brokers’ associations have been given a week’s time to submit the note on funding the margins of their clients.
BUSINESS
SEBI may relax deadline for separation of chairman, MD posts by 1-2 years
The Securities and Exchange Board of India (SEBI) may extend its March 31, 2020 deadline for listed companies to split the post of chairman and managing director post by a year.
BUSINESS
SEBI to retain cash market margin rules, NRIs may get relief after Jan 8 meet
SEBI may give a day’s time to NRIs to pay the margin, provided brokers maintain a separate account for their trades, a source told Moneycontrol.
BUSINESS
NSE, NCDEX explore merger, but don't see eye to eye on valuation
NSE does not want to give more than Rs 600 crore for the agri commodity exchange as against the asking price of nearly Rs 1,000 crore, according to a source.
BUSINESS
PMC Bank fiasco: ED probe reveals bank paid the price for preferential treatment to HDIL
HDIL was taking undue liberty even before its IPO was launched in 2007.
BUSINESS
PMC Bank scam: Anu Wadhawan drew Rs 70 lakh/month pay; unaware of source of funds behind her bungalows
Wives of Sarang and Rakesh Wadhawan owned a vast number of properties but claim to be unaware of the source of funds for the purchases.
