 "Sebi Chief Buch Faces Scrutiny Amid Allegations of Salary Violations")
Securities and Exchange Board of India (Sebi) chief Madhabi Puri Buch has found herself in the spotlight as ICICI Bank clarified that she has not received any salary or employee stock options since her retirement. This comes after the Congress party accused her of possibly violating rules by drawing a salary while serving as Sebi’s ...
 "Government Reaps Rs 2,413 Crore Dividend from BPCL: Financial Surge Continues")
The Indian government received Rs 2,413 crore in dividends from Bharat Petroleum Corporation Limited (BPCL), as announced by the Department of Investment and Public Asset Management (Dipam). This amount is part of a total Rs 15,389.14 crore collected from various public sector enterprises in the current financial year, which includes dividends from companies like Indian ...
 "ByteDance Seeks .5 Billion Loan Amid Evolving Global Ambitions")
ByteDance, the Chinese company behind TikTok, is seeking a $9.5 billion loan, marking the largest dollar loan for a corporation in Asia outside of Japan. Major banks like Citigroup, Goldman Sachs, and JPMorgan are coordinating this effort, which is set for three years with an option to extend. The loan will help refinance a previous ...
 "India’s Semiconductor Revolution: Kaynes Technology’s Mega Plant Sparks Innovation in Gujarat")
The Union Cabinet has approved Kaynes Technology’s new semiconductor facility in Sanand, Gujarat, marking India’s fifth under the Semiconductor Mission. With an investment of Rs 3,307 crore, this plant will produce 6.3 million chips daily and cover 46 acres. Union Minister Ashwini Vaishnaw highlighted that most chips will be used in power equipment for trains, ...
 "Regulator Warns: Stop SME Listings Amid Fraud Concerns and Market Frenzy")
Ashwani Bhatia, a key member of the Securities and Exchange Board of India (Sebi), emphasized the need for exchanges to be cautious about listing small and medium enterprises (SMEs) due to rising fraud risks. As the Market capitalization of SMEs has hit Rs 2 trillion, Bhatia raised concerns about inadequate due diligence from auditors and ...
 "Adani Power Battles Himachal Pradesh for Rs 280 Crore Hydropower Refund")
Adani Power Limited has approached the Supreme Court to challenge a recent decision by the Himachal Pradesh High Court regarding a refund of Rs 280 crore linked to two hydropower projects in Kinnaur district. The Supreme Court has requested a response from the Himachal government on this matter. In July, the High Court overturned a ...
 "Revamping India’s Financial Landscape: A Call for Comprehensive Service Expansion")
Sanjiv Bajaj, President of the Confederation of Indian Industry, recently addressed the need for a wider distribution of financial services in India. During a CII event in Mumbai, he emphasized that banks are not well-suited for long-term project funding due to a mismatch between their assets and liabilities. Instead, he suggested that funding should come ...
 "RBI’s Bold Measures: Protecting Financial Integrity Amidst Industry Criticism")
The Reserve Bank of India’s Deputy Governor, Swaminathan J, emphasized that the central bank’s recent strict actions against certain financial institutions are aimed at maintaining the stability and integrity of the financial system, not to disrupt business. He addressed concerns about the regulator’s perceived eagerness to impose restrictions, clarifying that these measures are taken only ...
Prime Minister Narendra Modi and BJP President JP Nadda held a key meeting in New Delhi on August 29, 2024, ahead of upcoming assembly elections. In recent news, the Indian Cabinet approved several significant agricultural initiatives, including a Rs 3,979-crore scheme for crop science and a Rs 2,291-crore program to enhance agricultural education and management. ...
 "Adani Wilmar Eyes Expansion: Billion Acquisition Drive in FMCG Sector")
Adani Wilmar is set to enhance its presence in India’s packaged consumer goods Market with plans to acquire three food companies, backed by a $1 billion acquisition fund. This strategy focuses on brands that specialize in spices, ready-to-cook foods, and packaged edibles, aiming to increase revenue from consumer sectors to 25-30%. The company has already ...
