BUSINESS
Sebi’s Jane Street crackdown triggers global rethink on India's trading structures
Several leading wall street high-frequency trading firms have opened shop in India using structures similar to Jane Street's.
BUSINESS
Not taking loans or pledging shares for ZEE fund infusion: Subhash Chandra
Chandra’s comments came in an over 90 minute long call with analysts and investors, which the company said is part of its strategy to improve corporate governance and outreach to shareholders.
BUSINESS
ITAT ruling provides respite to off-shore debt funds in India
The Delhi bench of the tribunal held that all kinds of debentures, including CCDs and OCDs, are eligible for concessional tax rate of 5% against the treaty rate of 15%
BUSINESS
Proxy advisory firms ask Zee shareholders to vote against warrant issuance to promoters
The planned allotment will increase the shareholding of chief executive officer Punit Goenka and family to 18.39 percent from 3.99 percent
BUSINESS
HGIL lender shoots contempt of court notice to successful bidder INSCO
In the notice, the lender has accused INSCO of diverging from the Supreme Court’s 24 order, which said INSCO had to match the AGI Greepac offer in every aspect
BUSINESS
Lalithaa Jewellery promoter doubles ups as brand ambassador, fee raises governance worries ahead of IPO
The company had passed a resolution discontinuing the brand ambassador fee arrangement with effect from FY24-25.
INDIA
Fraud, cheating, money laundering: A look at the key charges levelled by Dayanidhi Maran against Sun TV chairman Kalanithi Maran
The notice also alleges that the 2003 allotment of shares to Kalanithi Maran were done at face value of Rs 10 each although fair value of the said shares was anywhere between Rs 2,500 and Rs 3,000 at that time.
BUSINESS
Sebi raids shell companies involved in Rs 300 ‘pump and dump’ scheme across Ahmedabad, Mumbai and Gurugram
Sources said these are one of the biggest raids in Sebi’s history in terms of monetary value.
BUSINESS
Retail investors bet big on turnaround stories in hopes of a jackpot
Tata Motors, Yes Bank, Tata Steel, Vodafone and Suzlon energy are the stocks with highest number of retail investors
BUSINESS
What does proposed stake increase by Zee promoters mean for company, shareholders?
Promoters of Zee have proposed to increase their stake to 18.39 percent by subscribing to warrants worth Rs 2,237 crore, the company told stock exchanges on June 16
BUSINESS
INSCO submits Rs 2.7k crore resolution plan for HGIL; creditors vote today
After a nudge from the Supreme Court, INSCO has now matched the offer of earlier applicant AGI Greenpac whose bid was disqualified by the court
BUSINESS
Family offices stitch together AIF structures in GIFT City to bypass overseas investment hurdles
Regulatory ambiguity around OPI and ODI routes has stalled foreign investments. Several ultra-rich families now eye multi-family office setups to sidestep the roadblock
BUSINESS
AGI asks CCI to cancel green channel approval to INSCO for Hindusthan Glass acquisition
The Supreme Court had, on January 29, cancelled the bid of AGI Greenpac for failing to secure CCI approval for acquisition of Hindusthan Glass & Industries.
BUSINESS
BIS to sue Amazon and Flipkart, seek compensation for non-certified goods
BIS conducted raids at various warehouses of Amazon and Flipkart on March 19
BUSINESS
Turn chartered accountants into whistleblowers: ICAI’s solution to Sebi’s corporate fraud problem
ICAI has formed a special committee to suggest proposals that can help in early detection of corporate fraud
BUSINESS
PwC former chief Shyamal Mukherjee moves Supreme Court against firm
The case involves a dispute about retirement dues which Shyamal Mukherjee says are payable to him
BUSINESS
Debt Recovery Tribunal bars Gensol promoters from sale or transfer of assets
In an order issued on Wednesday, the tribunal has also asked the court appointed officer to take possession of mortgaged EVs of Blu Smart.
BUSINESS
RBI duty-bound to consider Shapoorji Pallonji's concerns regarding Tata Sons: Former CJI Lalit to SP Group
While Tata Sons has been making an effort to secure exemption from RBI’s mandatory listing norm, the Shapoorji Pallonji Group, a shareholder, has been pushing for a listing.
BUSINESS
Indian food and consumer regulators calling out brands to nudge large companies towards compliance
Food and consumer laws have limited penalty powers, which may not be enough of a deterrent for companies, say legal experts
COMPANIES
CCPA may ask Zomato, Swiggy to revise cancellation policies
Currently, a customer loses about 90% of the order value in case of cancellation of the order
BUSINESS
Sebi probing Yes Bank disclosures regarding SMBC deal
On May 9, Yes Bank announced signing of a share purchase agreement between SMBC and Yes Bank along with the investors of the domestic lender.
BUSINESS
Antfin’s Rs 2.1k crore share sale in Paytm will be exempt from capital gains tax
On May 13, Antfin sold 2.54 crore shares of Paytm at an average price of Rs 824.6 a share
BUSINESS
India’s domestic defence equipment capable of new-age warfare but pvt participation should increase: Experts
India’s domestic defence industry has seen a sharp increase in output since 2015. The total value of indigenously produced equipment in FY24 was Rs 1.3 lakh crore, 174% higher than in FY15.
BUSINESS
Ant fin willing to give upto 6% discount for Paytm stake sale
The Alibaba group entity will sell 4% of its stake in Paytm on Tuesday; Floor price set at Rs 809.75 apiece.
