Capital markets regulator Sebi has cancelled the registration of MMTC Ltd as a stock broker for its involvement in illegal “paired contracts” in a case pertaining to now defunct National Spot Exchange Ltd (NSEL). While cancelling the licence, Sebi directed MMTC to allow its existing clients to withdraw or transfer their securities or… Continue reading Market regulator Sebi cancels registration of MMTC as broker in NSEL case
Tag: case
The case for staying with ethanol 10
Premium Illustration: BINAY SINHA India’s biofuel initiatives have been successful in getting us to a 10 per cent ethanol blend with petrol (E10). At this level, petrol engines sold in India since 2008 are not harmed, although older engines need modifications or no ethanol. Also, molasses as feedstock for ethanol from sugar factories have… Continue reading The case for staying with ethanol 10
Expansion worries, the case for status quo, and more
Best of BS Opinion: Unintended consequences, green growth conundrum, & more Best of BS Opinion: Tapping global trade, confirming compliance, and more Best of BS Opinion: Protecting investors, the green wall, and more Best of BS Opinion: Growth instruments, old white males, and more Best of BS Opinion: Indo-Pacific naval strategy, long route for oil,… Continue reading Expansion worries, the case for status quo, and more
The case for status quo
Whoever said that good politics makes for good economics, or vice-versa, needs to have their head examined. Look around anywhere, and you will see neither good politics, nor good economics almost anywhere in the world. Between now and May 2024, the Indian voter will have many political choices before her, both in state… Continue reading The case for status quo
Minor not opposed to closure report in case against WFI chief, court told
Brij Bhushan Sharan Singh The minor wrestler, who accused outgoing WFI chief and BJP MP Brij Bhushan Sharan Singh of sexual harassment, on Tuesday did not oppose the Delhi Police’s closure report in court, the public prosecutor said. The alleged victim and her father, who recorded their statement before Additional Sessions Judge Chhavi… Continue reading Minor not opposed to closure report in case against WFI chief, court told
Hero Moto falls 7% from day’s high amid report of PMLA case against Munjal
Shares of Hero MotoCorp tumbled 6.5 per cent from their 52-week high level of Rs 3,243, touched in the intra-day trade on Tuesday, after reports said the Enforcement Directorate (ED) raided the residence of Hero MotoCorp Chairman and Managing Director Pawan Munjal after taking cognisance of a Directorate of Revenue Intelligence (DRI) case. … Continue reading Hero Moto falls 7% from day’s high amid report of PMLA case against Munjal
ED raids Hero MotoCorp Chairman Munjal’s residence; PMLA case registered
The Enforcement Directorate (ED) on Tuesday raided the residence of Hero MotoCorp Chairman and Managing Director Pawan Munjal after taking cognisance of a Directorate of Revenue Intelligence (DRI) case. According to a CNBC report, a case has been registered against Munjal under the Prevention of Money Laundering Act (PMLA), 2002. The DRI… Continue reading ED raids Hero MotoCorp Chairman Munjal’s residence; PMLA case registered
ATS recovers bomb material hidden by an accused in terror module case
In a major development in the ongoing investigation of the Maharashtra terror module case the Anti-Terrorism Squad (ATS) on Monday recovered bomb-making material from a location revealed by the accused Imran Khan. Officials of Anti Terrorism Squad who are investigating the case said, “Imran Khan had hidden these bomb-making chemicals and several lab… Continue reading ATS recovers bomb material hidden by an accused in terror module case
Man Industries settles forensic audit disclosure lapses case with Sebi
Man Industries (India) Ltd on Monday settled with capital markets regulator Sebi a case concerning alleged delayed and inadequate disclosure regarding the initiation of a forensic audit. The matter was settled after the company paid Rs 8.79 lakh towards the settlement amount, according to an order passed by the Securities and Exchange Board… Continue reading Man Industries settles forensic audit disclosure lapses case with Sebi
SC to hear bail pleas of some convicts in Godhra train burning case Tuesday
The Supreme Court said it will hear on Tuesday the bail pleas of some of the convicts against whom specific allegations were made in the 2002 Godhra train burning case, which plunged Gujarat into a communal conflagration. A bench comprising Chief Justice D Y Chandcrachud and justices J B Pardiwala and Manoj Misra… Continue reading SC to hear bail pleas of some convicts in Godhra train burning case Tuesday