The Enforcement Directorate (ED) aims to expedite the restoration of assets to victims defrauded under the Prevention of Money Laundering Act. The agency has already restored ₹16,400 crore in high-profile cases involving Vijay Mallya, Nirav Modi, and National Spot Exchange…
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The capital market regulator Sebi has asked private equity and venture capital funds to disclose the names of investors who have been given special terms and representation on investment committees. This move aims to ensure transparency and address concerns about…
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IndiGo plans to expand its international destinations to 40 by March 2025 and introduce wide-body aircraft by 2027. The airline will also launch a new business class product and a frequent flyer program. IndiGo aims to become a leading global…
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Government expenditure is rebounding, leading to surplus liquidity in the banking sector as the Centre injects cash into the system. The Reserve Bank of India’s tolerance of this surplus suggests a potential shift toward softer monetary policy. Analysts note that…
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None of the protesting employees spoke to the media, but a handout purported to have been drafted by the protesting officials sought the withdrawal of a press release issued by Sebi on Wednesday and also Buch’s resignation.
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Hexaware Technologies has filed a draft red herring prospectus with SEBI to raise ₹9,950 crore through an IPO. The offering will be an offer for sale from CA Magnum Holdings, affiliated with Carlyle Group. Hexaware, delisted in 2020, reported a…
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