New Delhi, Nov 5
Crisis-ridden bourse NSEL defaulted for the 12th straight time today as it could pay only Rs 11 crore to investors against a scheduled payment amount of Rs 174.72 crore.With today’s pay-out,...
Mumbai, Oct. 10
Jai Bhaukhandi, Asst V-P in charge of warehousing, accused of falsifying stock statements
London, Sept 12
Scotland Yard has launched a probe into Britain’s Sunday Mirror newspaper over allegations that its former employees indulged in phone hacking, accessing voicemail messages of celebrities.
Mumbai, Aug. 28
The National Spot Exchange’s (NSEL) move to pay off small investors with exposure of less than Rs 10 lakh on a priority basis has come in for severe criticism from investors who we...
August 9, 2013
Sand mining does not involve risk-taking or elaborate technology. Hence, there isn’t much that a private player brings to the table. The Union Government can exercise more control. »
New Delhi, July 31
Sandeep Aggarwal, Co-founder and CEO of e-commerce marketplace ShopClues.com, has been arrested by the Federal Bureau of Investigation on insider trading charges.
Mumbai, June 5
In the wake of ponzi schemes and chit fund scams, Reserve Bank Governor D Subbarao on Wednesday said there is a need to review the regulations governing these sectors and increase surveillance on...
May 25, 2013
Sports regulators can take some cues from the securities market regulations. And vice versa. »
Mumbai, Nov. 12
Commodity market regulator Forward Markets Commission on Tuesday received a personal submission from the promoter and two directors of Multi-Commodity Exchange. The process was part of l...
Mumbai, Oct. 28
The Bombay High Court has directed the Forward Markets Commission (FMC) to appoint within two weeks an independent agency, which will carry out forensic audit on the much debated e-series...
October 6, 2013
The Government’s response to financial scams should depend not on how loudly the victims complain, but on how severely they have been hit.
Mumbai, Aug. 31
Lotus Refineries has slapped a legal notice on National Spot Exchange Ltd (NSEL) and urged the exchange to remove its name from the defaulters list. The Mumbai-based comp...
New Delhi, Aug 21
Sahara group retail venture Sahara Q Shop has an exposure of about Rs 227 crore to the beleaguered National Spot Exchange Ltd (NSEL).The NSEL has to pay Rs 1,170.09 crore to its related ent...
Moscow, Aug 1
Edward Snowden’s father is seeking a Russian visa and plans to visit his fugitive son in Moscow soon, the lawyer helping the US intelligence leaker with his Russian asylum application said....
Paris, June 26
UBS France is being fined €10 million ($ 13 million) after French authorities found the bank delayed tightening up controls to curb money laundering and cross—border fiscal fraud.The French...
June 3, 2013
With reference to the editorial “Murthy’s second coming” (Business Line, June 3), N. R. Narayana Murthy has accepted the distress call from Infosys, the company he founded and nurtu...
May 22, 2013
The former McKinsey chief, contesting insider trading charges, will never be welcome in corporate boardrooms again.The former McKinsey chief, contesting insider trading charges, will never be welcome in corporate boardrooms again.