The opposition Congress party doubled down on its accusations against Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch, saying that a consultancy firm promoted by her had earned about Rs 3 crore, with most of the money coming from Mahindra & Mahindra (M&M), alleging a “criminal conspiracy.” At the time, Buch was … Read more
Amid the row over allegations against SEBI chairperson Madhabi Buch, the Congress on Thursday demanded an independent inquiry into the matter, asserting that it is in national interest to have a probe as foreign investors were getting concerned and there were doubts about the integrity of India’s stock markets. The opposition party said only an … Read more
Last week, the 30-share BSE Sensex tanked 1,449 points or 1.92 per cent. It rose by 75.71 points or 0.10 per cent to settle at 73,961.31 on Friday, snapping a five-day losing streak. Reliance Industries remained the most valued firm from the top-10 pack, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, SBI, LIC, … Read more
Mumbai: The Bombay High Court on Tuesday held as “illegal” the arrest of ICICI Bank’s former Managing Director and Chief Executive Officer (CEO) Chanda Kochhar and her businessman-husband Deepak Kochhar by the Central Bureau of Investigation (CBI) in an alleged loan fraud case. A division bench of Justices Anuja Prabhudessai and N R Borkar confirmed … Read more
