Articles for tag: Allegations, Buch, Conflicts, Congress, Escalating, Faces, Favoritism, Interest, Madhabi, Mahindra, Political, Puri, Supposed, Tension

September 10, 2024

Madhabi Puri Buch faces allegations of favoritism, with political tension escalating between Congress and Mahindra over supposed conflicts of interest.

Mahindra & Mahindra (M&M) has denied Congress party’s allegations that it paid Dhaval Buch, husband of Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (Sebi), for preferential treatment from the regulator. Congress claims Dhaval received Rs 4.78 crore from M&M between 2019 and 2021, coinciding with Sebi’s scrutiny of the company. ...

September 7, 2024

Market News

Business

Wockhardt vehemently denies allegations of improper rental payments and insists it remains compliant with all applicable laws amid investigations.

Wockhardt, the Mumbai-based drug company, has firmly rejected allegations concerning rental payments connected to Carol Info Services and issues raised by the Securities and Exchange Board of India (Sebi). In a recent regulatory filing, Wockhardt described the claims as “completely baseless and misleading,” emphasizing their commitment to abiding by all laws. These statements came in ...

September 5, 2024

Market News

Business

Delhi CM Arvind Kejriwal faces legal turmoil as the CBI’s arrest sparks a dramatic battle over corruption allegations in an excise policy scandal.

Delhi Chief Minister Arvind Kejriwal is seeking bail from the Supreme Court after being arrested by the CBI on June 26 related to an alleged excise policy scam. His lawyer argued that Kejriwal was not named in the CBI’s FIR and emphasized that he is not a flight risk, highlighting previous bail grants by the ...

September 4, 2024

Market News

Business

Byju’s Bankruptcy Drama: Lenders’ Fight for 3 Million Amid Allegations

Byju’s Bankruptcy Drama: Lenders’ Fight for $533 Million Amid Allegations

Byju’s, the education technology company, is facing major financial challenges as US lenders push for over $1.2 billion in repayments amid ongoing insolvency proceedings in India. A court official in India removed these lenders from a key creditors committee, hampering their influence in the repayment plan. The lenders accused the official, Pankaj Srivastava, of unfair ...

September 2, 2024

Market News

Business

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 ...

September 2, 2024

Market News

Business

Mob Lynching Tragedy: Eight Arrested in Worker’s Gruesome Death Over Beef Allegations

Eight suspects have been arrested in connection with a mob lynching incident in Charkhi Dadri, Haryana, where a migrant worker from West Bengal was beaten to death over suspicions of eating beef. The latest arrest occurred on Sunday, bringing heightened security to the area to prevent further unrest. The victim, identified as Sabir Malik, worked ...

September 1, 2024

Market News

Business

Protests Erupt as Manipur CM Faces Allegations of Orchestrating Ethnic Violence

Members of the Kuki-Zo community held a protest at Jantar Mantar, demanding action against Manipur Chief Minister N Biren Singh over an audio recording. The clip allegedly reveals him boasting about orchestrating violence against their community. Protesters, numbering around 500, dressed in black and chanted slogans while addressing a memorandum to Prime Minister Narendra Modi. ...

August 31, 2024

Market News

Business

Tragic Silence: CBI Investigates Doctor’s Murder Amid Allegations of Police Cover-Up

West Bengal Congress president Adhir Ranjan Chowdhury recently accused the police of keeping the parents of a doctor, who was allegedly raped and murdered, under house arrest. After visiting the family, Chowdhury claimed that the police made it difficult for them to leave their home and even suggested they cremate the body quickly while offering ...

August 30, 2024

Market News

Business

Patanjali’s Vegetarian Claims Under Fire: Court Questions Misbranding Allegations

The Delhi High Court has requested the Indian government’s response to a petition regarding the alleged misbranding of Patanjali’s product “Divya Dant Manjan.” The product, which is labeled as vegetarian with a green symbol, reportedly contains fish extract, making it non-vegetarian. The court issued notices to the Centre, the Food Safety and Standards Authority of ...

August 29, 2024

Market News

Business

Billionaire Gautam Adani and his family have topped the 2024 Hurun India Rich List, despite facing allegations from Hindenburg Research last year. Their wealth surged by 95% to Rs 11.61 trillion, dethroning Mukesh Ambani. Adani recorded the highest wealth growth among India’s top ten richest, with significant gains in sectors like ports and energy. The list also highlights Bollywood’s increasing wealth, with Shah Rukh Khan entering for the first time. Overall, India’s billionaires added Rs 28 trillion, representing over half of the nation’s GDP, as the country becomes Asia’s “wealth creation engine.”

Adani has surpassed Ambani to become India’s richest person according to the latest Hurun list. In an exciting twist, Bollywood superstar Shah Rukh Khan has made his debut on the list. This marks a significant shift in India’s wealth landscape, highlighting the rapid rise of Adani and the enduring popularity of SRK. Read on to ...