Articles for tag: Allegations, Buch, Chairperson, Conflict, Congress, Demands, detentions, Interest, Lead, Madhabi, Protests, Puri, Resignation, SEBI, Youth

September 17, 2024

Youth Congress demands resignation of Sebi chairperson Madhabi Puri Buch amid allegations of conflict of interest; protests lead to detentions.

Youth Congress activists protested outside the Sebi office in Mumbai, calling for a probe into allegations against Sebi chairperson Madhabi Puri Buch and demanding her resignation. The demonstration followed claims from Hindenburg Research, which alleged conflicts of interest related to Puri Buch’s past investments and her connections with companies like ICICI and Mahindra Group. Activists, ...

September 15, 2024

Market News

Business

BYJU’S faces a .2 billion lawsuit from lenders as founder disputes debt claims amid allegations of financial mismanagement.

BYJU’S faces a $1.2 billion lawsuit from lenders as founder disputes debt claims amid allegations of financial mismanagement.

BYJU’S is facing legal challenges from US lenders represented by Glas Trust, who demand repayment of a $1.2 billion Term Loan B. The founder, Byju Raveendran, claims the company’s verified debt is only around Rs 20 crore, arguing this means he may not owe anything. However, the lenders insist that both Raveendran and the Insolvency ...

September 13, 2024

Market News

Business

Sebi Chairperson Madhabi Puri Buch faces calls for resignation amid allegations from Hindenburg Research and internal employee conflicts.

Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch is facing calls for resignation amid employee conflicts and allegations made by Hindenburg Research, which she denies. These claims surfaced after Sebi’s investigation into Hindenburg’s accusations against the Adani group, which the group has also refuted. The situation highlights the importance of integrity and ...

September 13, 2024

Market News

Business

Madhabi Puri Buch and her husband deny accusations of corruption, claiming the allegations are malicious and fraudulent, threatening legal action.

Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (Sebi), along with her husband Dhaval Buch, has responded to allegations made by Congress regarding conflicts of interest and corruption. The couple claims these accusations are baseless and deliberately twisted to create a false narrative against them. They assert that all disclosures ...

September 13, 2024

Market News

Business

Adani Group denies involvement in Swiss court proceedings amid allegations of frozen funds linked to money laundering investigations.

The Adani Group has firmly stated that it is not involved in any Swiss court proceedings, following claims by Hindenburg Research. The U.S.-based firm suggested that Swiss authorities had frozen over $310 million of Adani’s assets related to a money laundering and securities forgery investigation. This assertion was supported by Swiss court records detailing investments ...

September 12, 2024

Market News

Business

Madhabi Puri Buch’s absence amid conflict of interest allegations overshadows SEBI’s push for green financing and infrastructure developments.

Madhabi Puri Buch, the chairperson of SEBI, was expected to speak at a National Bank for Financing Infrastructure and Development event but did not attend. Instead, Pramod Rao, a SEBI executive director, highlighted green financing and the debt Market. Buch’s absence coincided with ongoing conflict of interest allegations from the Congress party, with her remaining ...

September 12, 2024

Market News

Business

In a dramatic antitrust trial, Google faces allegations of intent to monopolize advertising, showcasing internal ambitions to “crush” competitors.

In its ongoing antitrust trial, Google faces allegations from the U.S. Department of Justice that it aimed to dominate the online advertising Market. Evidence presented includes statements from David Rosenblatt, Google’s former president of display advertising, who suggested the company’s goal in 2009 was to “crush” competing networks. Google argues it deals with significant competition ...

September 11, 2024

Market News

Business

Sebi Chairperson Madhabi Puri Buch faces serious allegations of conflict of interest amid scrutiny from Hindenburg Research and Congress.

Hindenburg Research has criticized Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (Sebi), for her silence regarding allegations against her. The Congress party accused Buch and her husband of receiving funds from companies regulated by Sebi during her tenure. Allegedly, Buch’s consulting firm received payments from major firms like Mahindra ...

September 10, 2024

Market News

Politics

Political Tug-of-War: Ajit Pawar Claims No Ambitions Amid Allegations and Seat-Sharing Drama in Maharashtra’s Pre-Election Chaos!

In Mumbai, Deputy Chief Minister Ajit Pawar dismissed rumors about seeking the chief minister’s role during a meeting with Union Home Minister Amit Shah, clarifying that the discussions focused mainly on various issues like onion exports and farmers’ losses from heavy rain. Pawar emphasized he opposes internal rivalry within the ruling coalition, known as Mahayuti, ...

September 10, 2024

Market News

Business

Allegations of corruption swirl around Sebi chairperson Madhabi Puri Buch as Congress claims her husband received preferential treatment from Mahindra.

Madhabi Puri Buch, chairperson of Sebi, is facing allegations from the Congress party that her husband, Dhaval Buch, received substantial payments from Mahindra & Mahindra while Sebi was regulating the company. Mahindra denied these claims, stating Dhaval was hired for his supply chain expertise before Madhabi took office at Sebi. They emphasized that they never ...