Sebi

  • 50 HIV-positive children win hearts with entertaining stage show 20 hours 27 minutes ago

    Some 50 HIV-positive 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, non-profit Rays Aasha Ki Ek Kiran, celebrated its annual day. The 45-minute satirical play, entitled "Muhammad Bhai ki Jootiyan"...
  • Sahara chief seeks SC permission to shift to Tihar guest house 4 days ago

    New Delhi: Sahara chief Subrata Roy, currently in jail on charges of investor fraud, wants to shift into a guest house in Tihar Jail. He has moved the Supreme Court for the same saying he needs to hold negotiations to sell his assets in India and abroad to meet his...
  • Sebi orders demat, bank account freeze in Mega Corporation case July 15, 2014

    Mumbai: Market watchdog Sebi has ordered attachment of bank and demat accounts of five individuals to recover dues worth over Rs 1.66 crore in Mega Corporation case. The Securities and Exchange Board of India (Sebi) has to recover Rs 40.95 lakh from Vivekanand Patankar, Rs 40.71 lakh from Deepak Narvekar, Rs...
  • Market watchdog Sebi opens office in Lucknow July 4, 2014

    Market watchdog Sebi on Firday opened an office in Lucknow as part of its efforts to reach out to investors and intermediaries. The new office will cater to regulatory aspects of investor protection among other issues. Rajeev Kumar Agarwal, Whole Time Member of Sebi, inaugurated the Lucknow office, in the presence of...
  • Subrata Roy urges SC to show 'mercy' by granting interim bail July 4, 2014

    New Delhi: The Supreme Court on Friday reserved its order on interim bail plea of Sahara chief Subrata Roy who pleaded to the court to show 'raham'(mercy) and allow him to come out of jail to sell off his properties to deposit Rs 10,000 crore with SEBI as directed to...
  • SC seeks SEBI's response on Sahara's plea to sell overseas hotels July 4, 2014

    New Delhi: The Supreme Court on Thursday asked market regulator SEBI to respond to Sahara group's plead to permit it to sell its three overseas hotels to mobilise Rs.10,000 crore as a part repayment of investors money raised by its two companies - a condition for the release of jailed...
  • I-T moves SC with a tax demand of Rs 4,800 crore from Sahara July 3, 2014

    New Delhi: There seems to be more trouble for the Sahara Group as the Income Tax department has now approached the Supreme Court with a tax demand of Rs 4,800 crore for the last 3 years. This comes even as Sahara chief Subrata Roy has sought an interim bail of...
  • Sebi chief to meet Arun Jaitley on Thursday July 2, 2014

    New Delhi: Days ahead of the Budget, Sebi chairman U K Sinha will meet Finance Minister Arun Jaitley on Thursday and is likely to suggest steps to improve investment climate with a view to garner household savings in capital market. In his presentation, sources said Sinha will press for measures...
  • Rs 3,117 crore deposited with SEBI: Sahara to SC June 30, 2014

    New Delhi: The Sahara group on Monday filed an affidavit in the Supreme Court stating it has deposited Rs 3,117 crore so far with SEBI and that it is trying to raise more money to meet the condition of paying Rs 5,000 crore to get bail for its chief Subrata...
  • Sebi board to meet tomorrow; slew of reform measures on agenda June 18, 2014

    New Delhi: Capital markets regulator Sebi is set to announce a slew of measures, including IPO and Offer for Sale reforms, to give a boost to the primary markets and make it easier for companies to raise funds. These issues, along with new guidelines for research analysts, common Know Your Client...
  • Jaitley underlines need to lower cost of business to up growth June 8, 2014

    Mumbai: Ahead of the union budget, Finance Minister Arun Jaitley met financial sector regulators in Mumbai on Saturday. The meeting was to discuss the current financial and economic indicators. The meeting was also to take up suggestions on the forthcoming policy of the goverenment. Jaitley has been holding a series...
  • Sebi orders banks to defreeze indvidual bank accounts June 3, 2014

    Mumbai: Sebi on Tuesday asked banks for defreezing bank and demat accounts of one D V Sekhar as the market regulator recovered Rs 1 lakh due from defaulter. The Securities and Exchange Board of India (Sebi), on January 15 this year, had attached bank and demat accounts of Sekhar to recover...
  • SC to pronounce order on Wednesday on fresh plea of Sahara chief June 3, 2014

    The Supreme Court is likely to pronounce on Wednesday its verdict on a plea of jailed Sahara Group chief Subrata Roy seeking modification of an earlier order asking him to pay Rs 5,000 crore in cash besides a bank guarantee of an equivalent amount for securing his release. A bench of...
  • Andhra Pradesh HC verdict on Sun Pharma-Ranbaxy merger plea on Saturday May 23, 2014

    Hyderabad: The Andhra Pradesh High Court will on Saturday decide on the petition filed by two investors requesting it to restrain the BSE and NSE from giving any clearance to the scheme of amalgamation or merger between Sun Pharma and Ranbaxy. After hearing the arguments from the counsels of the petitioners,...
  • SC asks Andhra HC to decide on Ranbaxy-Sun Pharma merger May 21, 2014

    New Delhi: The Supreme Court on Wednesday asked the Andhra Pradesh High Court, which had passed an interim order staying the $4 billion merger of Ranbaxy with Sun Pharma, to decide the issue within two days. Hearing appeals filed by Sun Pharmaceutical, Ranbaxy Laboratories and Daiichi Sankyo Company against HC interim...
  • Setback for Sahara chief, SC refuses to put him in house arrest May 19, 2014

    New Delhi: The Supreme Court on Monday rejected Sahara Group chief Subrata Roy's bail plea, refusing to convert his custody into house arrest. The apex court asked Sahara to come out with a concrete proposal to refund the money of crores of investors from whom the company allegedly illegally raised...
  • Sahara case: New bench constituted, matter to be taken up on May 19 May 17, 2014

    New Delhi: A new bench has been constituted in the Supreme Court to hear the Sahara case which will take up the matter on May 19. The new bench comprising justices TS Thakur and AK Sikri was set up after JS Khehar recused himself from hearing the matter. The entire case...
  • Sahara case: Days after SC judge claims pressure, another recuses himself May 15, 2014

    New Delhi: Days after Justice KS Radhakrishnan, one of the two Supreme Court judges handling the Sahara case, said that the bench faced tremendous pressure while dealing with the proceedings, the other judge has recused himself from the trial. Justice JS Kehar did not give any reason for the recusal....
  • Legal expert, bank officer to help CBI probe into Saradha chit scam May 14, 2014

    New Delhi: In a bid to expedite its probe into over Rs 10,000-crore Saradha chit fund case, CBI has assigned a bank officer and a legal expert with the Special Investigating Team (SIT) for the case. CBI Director Ranjit Sinha also held his first meeting last evening with the SIT...
  • Authorities keep vigil on stock market as exit polls pour in May 12, 2014

    New Delhi: With exit polls predicting victory for the NDA in the elections, investors and market authorities are keeping a close watch on stock markets to guard against excessive volatility. The BSE benchmark Sensex on Monday closed at a new high of 23,551 points while NSE...
  • CBI examines ex-Sebi chairman CB Bhave in MCX case May 12, 2014

    New Delhi: The Central Bureau of Investigation on Monday quizzed former Securities Exchange Board of India (SEBI) Chairman CB Bhave in connection with granting sanction to Jignesh Shah-founded Financial Technologies (India) and MCX to function as a full-fledged private stock exchange. Bhave was examined in Bangalore by a team of CBI...
  • One needs to be superhuman to handle cases like Sahara: SC May 6, 2014

    New Delhi: Fed up with the tactics of Sahara Group and its chief Subrata Roy, the Supreme Court on Tuesday observed that judges would need to be "superhumans" to handle the pressures to handle frivolous litigations. It suggested that Legislature frame a mechanism for evolving a Code for Compulsory Costs under...
  • Subrata Roy to stay in jail, SC rejects his writ petition May 6, 2014

    New Delhi: In a setback for Sahara chief Subrata Roy, the Supreme Court has rejected his writ petition challenging his detention. Roy will therefore, continue to stay in jail. Roy had challenged the apex court's jurisdiction to detain him in jail for not refunding investors' money. The court has asked Subrata...
  • CPI-M demands SC-monitored CBI probe into Saradha scam May 2, 2014

    Kolkata: The CPI(M) on Friday shrugged off responsibility for the mushrooming of chitfund companies and ponzi schemes like those of Saradha Group during its tenure, saying it had written to the SEBI in this regard while renewing its demand for a Supreme Court-monitored CBI probe into it. "The problem was Saradha...
  • Subrata Roy feeling heat of Delhi, pleads SC to pass order at earliest April 30, 2014

    New Delhi: Facing the heat, jailed Sahara chief Subrata Roy on Wednesday made a plea before the Supreme Court to pass an early order on his petition challenging his detention, saying temperature in the capital has gone up and he is not feeling well in jail. "The temperature has soared up...
  • SC dismissed PIL seeking CBI probe against Sahara April 28, 2014

    New Delhi: The Supreme Court on Monday refused to entertain a PIL seeking probe by CBI and ED in an alleged illegal transfer of 270 acres of land in Lucknow by state government to Sahara India 20 years ago. A bench headed by Chief Justice RM Lodha dismissed the PIL...
  • Chidambaram has nothing to hide in Saradha scam: Anand Sharma April 28, 2014

    Kolkata: Rebutting Narendra Modi's charge that Union Finance Minister P Chidamaram had something to hide in the Saradha scam, Union Commerce Minister Anand Sharma on Monday said that Trinamool Congress leaders were involved in the scandal and they would be investigated and punished under law. Sharma alleged that Chief Minister Mamata...
  • Will deposit Rs 3,000 cr within 3 days of Roy's release: Sahara to SC April 21, 2014

    New Delhi: The Sahara group has made a new proposal to the Supreme Court in the investors' payment case. It has now proposed to deposit Rs 3,000 crore within three days of its chief Subrata Roy's release. Sahara has also said that it will pay an additional Rs 3,000 crore by...
  • Will pay Rs 2,500 cr in 4 days: Sahara's new proposal for Subrata Roy's release April 18, 2014

    Sahara group on Thursday told Supreme court it is willing to pay Rs 2,500 crore within four days and another Rs 2,500 crore in cash within 60 days for release of its chief Subrata Roy and two directors. Appearing before a bench of justices KS Radhakrishnan and JS Khehar, senior counsel...
  • Creative leaders to play key role in attaining developed India: Kalam April 12, 2014

    New Delhi: Creative leaders will be the key to attain an economically developed and prosperous India by 2030, former President APJ Abdul Kalam said on Saturday. Addressing students at the third Annual Commerce Convention of Delhi University, Kalam said that a creative leader is the one who not only has...