In March 2020, a State Bank of India-led consortium bailed out Yes Bank by infusing Rs 10,000 crore-a move primarily aimed at protecting depositors. SBI, which acquired a 49% stake with a three-year lock-in, now holds 24% after Yes Bank…
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The government is set to launch several enterprise-related surveys, including a capex survey and an economic census. These surveys aim to track private sector capital investments and provide detailed data on establishments across formal and informal sectors. The National Sample…
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The Adani-Hindenburg controversy escalated as the US short seller alleged that Swiss authorities had frozen over $310 million in six bank accounts linked to the Adani Group, citing criminal court records. The Adani Group rejected the “baseless allegations,” stating its…
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The Finance Ministry has updated the compounding rules under FEMA, increasing monetary limits for adjudications by RBI officials and enabling online payments. The new rules aim to simplify foreign investment regulations, reflecting the government’s commitment to ease of doing business.
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While employees have had negotiations with the top management since the September 4 statement by the regulator, no conclusion has been reached, sources told ET. Buch was not directly involved in the talks but reportedly wants the employees to withdraw…
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In this group, the entity –Lazzard Asset Management India– is misrepresenting itself as a registered stock broker with the Securities and Exchange Board of India (Sebi) using a forged registration certificate, the exchange said.
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