New Delhi: Senior Congress leader KC Venugopal on Monday brought up allegations against Sebi chairperson Madhuri Puri Buch in the Lok Sabha and questioned the finance minister about why no action has been taken against Buch . Venugopal, who chairs the Public Accounts Committee, claimed the government was not punishing the Sebi chief due to … Read more
Mumbai: Debt-laden Jaiprakash Associates (JAL) last week made a ₹16,000-crore settlement offer to lenders in a desperate attempt to avoid bankruptcy. JAL said an initial upfront payment – of about ₹4,000 crore – will not be made immediately, but only after nine months from the date lenders agree to the settlement, people aware of the … Read more
Mumbai: Benchmark indices declined in early trade on Monday amid foreign fund outflows and a largely weak Asian markets where the Japan’s Nikkei index tanked nearly 5 per cent. Markets were also dragged by decline in frontline stocks like ICICI Bank and Reliance Industries. The BSE Sensex tumbled 464.22 points to 85,107.63 in early trade. … Read more
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
New Delhi: The parliamentary Public Accounts Committee (PAC) is set to look into allegations against Securities and Exchange Board of India (Sebi) chief Madhabi Puri Buch and may summon her later this month, said people with knowledge of the matter. The matter was added to the PAC’s agenda after several members demanded an inquiry into … 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
Responding to ICICI Bank’s statement concerning payments made to Sebi chief Madhabi Puri Buch, the Congress on Tuesday claimed that the bank’s clarification raised more questions than it answered. Addressing a press conference, party spokesperson Pawan Khera pointed out that Puri Buch retired from ICICI Bank in 2013 and she was provided ₹5.03 crore. He … Read more
NEW DELHI: The Congress on Monday charged Securities & Exchange Board of India (Sebi) chairperson Madhabi Puri Buch of receiving remuneration from private entities such as ICICI Bank and ICICI Prudential even while heading the regulatory body. Congress leader Pawan Khera alleged that Buch received ?16.8 crore from ICICI since joining Sebi in 2017. While … Read more
New Delhi: ICICI Bank on Monday vehemently refuted the allegations levelled by the Congress about the private lender paying remuneration in the form of salary or employee stock option plans (ESOPs) to SEBI Chairperson Madhabi Puri Buch. In a statement, it said that ICICI Bank or its group companies have not paid any salary or … Read more
On September 2, Congress leader Pawan Khera attacked Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch over irregularities and alleged that she was drawing salary from not just the government but also private banks ICICI Bank and ICICI Prudential. In a press conference, he further alleged that several probes on ICICI Bank … Read more
