BUSINESS
Overseas listing of companies: SEBI Chairman Ajay Tyagi says policy interventions needed in FEMA, I-T act
Though the SEBI Chairman didn't give details, he pointed out that any approval for overseas listing norms will require changes in these two acts.
BUSINESS
ED registers case against BJP leader in Rs 67-crore Bank of India loan default case
Mohit Kamboj claims he had settled all dues. Bank officials allegedly abused official position to help Kamboj and the other accused go for a one-time settlement, leading to heavy losses
BUSINESS
SEBI may ask exchanges to trade from alternative sites for a day in July
Regulator wants to assess how seamlessly they can shift operations to disaster recovery sites in case of an emergency related to COVID-19.
BUSINESS
Yes Bank case: ED files second prosecution complaint, names 19 individuals and entities
This is the first time the investigating agency has named Yes Capital, Dewan Housing Finance Limited, Kyata Advisors Ltd, RKW Developers and Belief Realty in the charge sheet.
BUSINESS
Yes Bank case: ED may file second prosecution complaint tomorrow
The investigating agency may file the complaint against 13 individuals and entities including DHFL promoters Kapil and Dheeraj Wadhawan.
BUSINESS
SEBI may probe Yes Bank share transactions under SLBM after FPO announcement
NSE data shows shares being bought for huge premiums since June 30. On Thursday, investors borrowed 95,99,987 shares worth Rs 5.9 crore
BUSINESS
Yes Bank case | ED attaches Rs 2,400 crore worth properties of Rana Kapoor, Kapil & Dheeraj Wadhawan
The Enforcement Directorate has attached properties in Mumbai, London and United States worth Rs 1,000 crore belonging to Rana Kapoor and his family
BUSINESS
PMO reviews status of IFSC, discusses issues related to clearing house, LRS
Meeting comes in the wake of many investors in Hong Kong opting to move out after China imposes special law
BUSINESS
ED registers case against GVK promoters under Prevention of Money Laundering Act
This development comes a week after the Central Bureau of Investigation (CBI) registered a case of cheating and forgery against the GVK Group, its promoter GVK Reddy, Sanjay Reddy, MIAL and nine other companies for causing a loss of Rs 705 crore to the government
BUSINESS
Clarity on lockdowns need of the hour for retail segment as each state has a different policy: Gautam Singhania
Gautam Singhania, Chairman and Managing Director of Raymond Group, speaks about future strategy, the status of consumer demand and the status of Thane's land monetisation.
BUSINESS
Explained: What are Social Stock Exchanges and how do they work
SSE or Social Stock Exchange may be very helpful for non-profit organisations especially during COVID-19.
BUSINESS
Direct listing of Indian companies on foreign exchange may take more time to implement
For one, the government will have to amend Section 23 of the Companies Act, 2013, and various approvals from the regulator and ministries are pending.
BUSINESS
Commodity participants seek 9-month extension on stamp duty levy
The proposal to centralise stamp-duty collection through exchanges and depositories was made in the February 2019 Budget and the notification with final guidelines was issued on December 10.
BUSINESS
More and more employees will be allowed to work from home even after COVID-19: Nirmal Bang
"I do not see heavy retrenchment in the financial services industry. In fact, businesses are continuing to hire people," said Nirmal Bang Securities' Rakesh Bhandari
BUSINESS
Yes Bank case: CBI files first charge sheet against Rana Kapoor, DHFL promoters
Kapoor used his many companies to get undue benefits from the Wadhawans after influencing Yes Bank to extend large loans to DHFL and other Wadhawan companies by flouting rules, according to the CBI.
BUSINESS
Experts laud amendments by Sebi board
Sebi has now temporarily allowed companies to base the pricing on the two-week average instead of the average price of the last 26 weeks.
BUSINESS
SEBI Board Meeting today: To discuss special window for LTCG, Illiquid cases
Sources say that SEBI's Enforcement Department has proposed the measure for clearing large backlogs
BUSINESS
Open offer relaxation, preferential share allotment pricing norm changes likely among major changes to be made by Sebi
Another proposal likely to be considered is the deposition of 100 percent money into an escrow account for an indirect acquisition. Currently, this is applicable for direct acquisition only.
BUSINESS
Advance tax collection plunges 76%, Mumbai circle records 78% drop in June quarter
According to sources, gross collection of income tax, however, is down by 31 percent.
COMMODITIES
In a first, BSE to launch futures contracts on almonds on June 22
The move is on the back of its successful launch of options contract on spot gold prices.
BUSINESS
Yes Bank case: Avantha Group raised Delhi property rent by 65 times to obtain loan
Investigations have found that the rental income from a Delhi property owned by Gautam Thapar was raised just before a loan was sanctioned by Yes Bank against it.
BUSINESS
ED raid at Cox & Kings in Yes Bank case: A maze of dubious transactions under lens
The teams of the central agency have carried out the searches under the Prevention of Money Laundering Act.
BUSINESS
Brokers in a tight spot as tech glitch hits NSE again
Option segment prices are not reflecting or updating on the terminals linked to the country’s largest bourse.
BUSINESS
Sebi may give in-principle nod to NSE IPO but with conditions
The National Stock Exchange may have to share the details and the status of the co-location server case in the draft red herring prospectus.
