SEBI

  • SC refuses to free Sahara's Subrata Roy from custody 3 days ago

    New Delhi: The Supreme Court on Wednesday declined Sahara Group chief Subrata Roy's plea for release from jail along with his two other directors. The trio were taken into custody March 4 for non-compliance of Aug 31, 2012, order to return investors' money that Sahara's two real estate companies - Sahara...
  • Sahara awaits court verdict that may give jailed chief Subrata Roy freedom 4 days ago

    New Delhi: Embattled conglomerate Sahara is readying for a court verdict on Wednesday that will determine if it can take on a new loan and refinance debt on its overseas hotels, including the Plaza in New York, to secure the release of its jailed chief. Sahara Chairman Subrata Roy has been...
  • Sahara to sell Mumbai, Jodhpur land parcels for Rs 1,251 crore December 7, 2014

    New Delhi: After selling land in Gurgaon for Rs 1,211 crore recently, Sahara group is believed to have finalised two more land parcels deals - one in Mumbai and another in Jodhpur - for over Rs 1,250 crore. Besides, talks are in final stages for sale...
  • Sahara permitted by SC to sell 4 properties worth over Rs 2700 crore December 2, 2014

    New Delhi: The Supreme Court on Tuesday permitted the Sahara Group to proceed with the sale of four domestic properties, which is likely to fetch Rs 2,710 crore, in its bid to raise Rs 10,000 crore for the release of its jailed chief Subrato Roy. The court allowed the group to...
  • Checks are in place to prevent illicit fund flows: MoS Finance November 28, 2014

    New Delhi: To prevent illicit money flows into capital markets, authorities have put in place advanced risk management mechanism and other systems, the government said on Friday. Besides, market regulator SEBI has warned stock exchanges regarding probable inflow of funds from terror groups. "SEBI maintains constant vigil...
  • Sahara moves Supreme Court, seeks relief for Subrata Roy on deteriorating health condition November 25, 2014

    New Delhi: The Sahara group moved Supreme Court on Tuesday and appealed for relief for its chief Subrata Roy on his deteriorating health condition. The Supreme Court has said that they can only direct Tihar jail to give necessary treatment to Roy. The move comes a day after the Central Board of...
  • I-T seizes over Rs 135 crore cash, jewellery from Sahara group November 24, 2014

    New Delhi: The Income Tax department has claimed to have seized cash of over Rs 135 crore from the premises of Sahara group during its raids on its two premises in Delhi and Noida in connection with alleged tax evasion charges. Sources said that the department made one of its...
  • SEBI approves new insider trading rules November 19, 2014

    Mumbai: The Securities and Exchange Board of India (SEBI) on Wednesday approved new insider trading rules that will replace a two-decade old law seen as inadequate to curb trading violations. The new rules, which are based on recommendations that were first revealed late last year, broaden the scope of who can...
  • SEBI's investor protection project may get an overhaul in board meeting today November 19, 2014

    New Delhi: SEBI chief UK Sinha's pet project, investor protection, is all set to get a fillip. Following the recommendations of the Justice RS Sodhi panel and public comments received last December, the SEBI board will overhaul existing norms, beginning with the tweaking of the very definition of an insider. Sources...
  • Sebi bars MRDT, MRDF from fund raising via issue of securities October 27, 2014

    Mumbai: Market regulator Sebi barred Madurai Rural Development Transformation India and its group firm from raising funds from investors through issuance of securities and also restricted the companies and its directors from dealing in capital markets. The Securities and Exchange Board of India (Sebi) found that Madurai Rural Development Transformation...
  • DLF ban: Mutual Funds say Sebi should not enforce all its rules on them October 26, 2014

    Mumbai: As DLF is unable to redeem mutual funds worth Rs 2,500 crore in view of Sebi's ban on the largest builder in a case pertaining to its IPO in 2007, MFs have said that the capital market regulator should not enforce all its rules on them. "As a sectoral regulator,...
  • Sebi-DLF case: Assocham questions role of intermediaries October 15, 2014

    New Delhi: Terming Sebi's action against DLF as "harsh", industry body Assocham on Wednesday questioned the role of merchant bankers, advisors and other intermediaries involved in a public offer process and said "regulatory activism" should not hamper business environment. Sebi has slapped a three-year ban on realty major DLF as well...
  • Sebi-DLF saga: One complainant and 'housewife' shareholders October 14, 2014

    New Delhi: It was an individual complainant, seeking action against Rs 34 crore he was allegedly duped, and "sham transactions" involving three 'housewives' that has led to regulator Sebi coming hard on the country's biggest real estate developer DLF and its top executives. The case, in which Sebi has imposed a...
  • DLF shares fall by 25 per cent after Sebi's 3-year ban order October 14, 2014

    Mumbai: Share price of realty giant DLF on Tuesday tanked by nearly 25 per cent - probably its biggest one-day fall - on the back of Sebi imposing a three-year ban on the company and its top executives from securities markets. The stock fell by 24.5 per cent to its...
  • Bullet News: Catch the day's top stories October 13, 2014

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Anubha Bhonsle October 13, 2014

    Catch the day's top stories with Anubha Bhonsle on India @ 9. ...
  • News 360: Cyclone Hudhud leaves massive damage in Andhra, Odisha October 13, 2014

    Cyclone Hudhud, which hit the Andhra Pradesh and Odisha coastline on Sunday, has left behind a trail of massive destruction. ...
  • SEBI bars DLF, its chairman among others from securities markets for 3 years October 13, 2014

    Mumbai: In a set back to the realty gaint DLF, the market regulator SEBI has barred the company and its chairman KP Singh along with vice chairman Rajiv Singh among others from securities markets for next 3 years after finding the company guilty of "active and deliberate suppression" of material...
  • Jammu and Kashmir: Sebi donates Rs 9.10 lakh for relief work October 10, 2014

    Mumbai: Sebi has made a contribution of Rs 9.10 lakh towards Prime Minister's National Relief Fund to help victims of floods in Jammu and Kashmir. "As a way of contribution to the relief effort for the victims of flood affected areas in Jammu and Kashmir, staff members of Sebi have...
  • Government looking at merging FMC with Sebi October 5, 2014

    New Delhi: The government is considering a proposal to merge the Forward Markets Commission (FMC) with capital market regulator Sebi to ensure better monitoring of the commodity futures market. "One of the options being considered by the government is merging FMC with Sebi," said a...
  • Ponzi schemes: Lawmakers quiz regulators, ministry officials September 18, 2014

    New Delhi: Lawmakers on Thursday quizzed officials of RBI, SEBI and the government about the steps being taken to avoid recurrence of fraudulent moneypooling activities like Saradha scam. The Parliamentary Standing Committee on Finance's meeting comes against the backdrop of CBI probing the Saradha scam in which thousands of crores or...
  • Saradha scam: SFIO completes probe, says 14 firms were running 'ponzi schemes' September 15, 2014

    New Delhi: The Serious Fraud Investigation Office of the Ministry of Corporate Affairs on Monday completed its probe into the multicrore Saradha scam and said 14 firms were running 'ponzi schemes'. Investigations have revealed that primary source of payments to subscribers was collections made from newly enrolled members rather than...
  • Sebi chief UK Sinha launches Indian Crossword League September 14, 2014

    Mumbai: A group of enthusiasts on Sunday launched the second edition of the Indian Crossword League or IXL 2014, which will involve a combination of online and offline puzzlesolving contests. The contest, which is open for Indians across the globe, will culminate on December 21, the 101st anniversary of the crossword,...
  • PACL to move Tribunal against Sebi order August 22, 2014

    New Delhi: Facing a Sebi order with charges of running an illicit money pooling scheme worth about Rs 50,000 crore, PACL Ltd on Friday said it will approach the Securities Appellate Tribunal against the directive of the capital markets regulator. "Sebi has unfortunately failed to recognize the submissions of the company...
  • Sebi cracks down on Rs 50,000 crore moneypooling scheme August 22, 2014

    New Delhi: In its biggestever crackdown on a largescale illicit money pooling scheme estimated at nearly Rs 50,000 crore, regulator Sebi on Friday ordered immediate closure of unauthorised collective investment schemes run by PACL Ltd and refund of investors' money within three months. Besides, the capital markets regulator also said it...
  • Arun Jaitley asks SEBI to guard against market violations August 10, 2014

    New Delhi: Finance Minister Arun Jaitley on Sunday asked market regulator Securities and Exchange Board of India (Sebi) to be vigilant against possible market violations, while focusing more on attracting retail investors and addressing their grievances. "The minister advised Sebi to remain vigilant about probable violations in the market, focus more...
  • Bring more retail investors to market: Jaitley to Sebi August 10, 2014

    New Delhi: Pitching for greater transparency in rulemaking and other functions of regulators, Finance Minister Arun Jaitley on Sunday asked Sebi to work towards attracting more retail investors to the capital markets. Addressing the board of the capital markets regulator, Jaitley also asked Sebi to consider new measures to address issues...
  • Sebi bars two firms for raising funds illegally via securities August 8, 2014

    Mumbai: Sebi on Friday barred Falkon Industries India and Ravi Kiran Realty India and from raising funds through issue of securities and has also barred the companies and their respective directors from dealing in the securities market, till further directions. The capital market regulator found that Falkon Industries India had raised...
  • Judicial Appointments Bill in parliament likely next week July 29, 2014

    New Delhi: Government is considering bringing the Judicial Appointments Bill in Parliament next week after consultations within the party. According to sources, the government is initiating discussions within to bring the new bill for appointments in the judiciary to help bring transparency in the process of judicial appointments. The issue gained...
  • 50 HIVpositive children win hearts with entertaining stage show July 28, 2014

    Some 50 HIVpositive children danced to a medley of Bollywood songs through the ages and staged an impressive play to a packed auditorium in Jaipur over the weekend, as their adopted home, nonprofit Rays Aasha Ki Ek Kiran, celebrated its annual day. The 45minute satirical play, entitled "Muhammad Bhai ki Jootiyan"...