Articles for tag: Allegations, Board, Buch, Chairperson, Conflict, Discuss, Faces, Interest, Madhabi, Meets, Puri, Regulations, SEBI, Tightening, Trading

September 30, 2024

Sebi Chairperson Madhabi Puri Buch faces conflict of interest allegations as the board meets to discuss tightening trading regulations.

The Securities and Exchange Board of India (Sebi) board is meeting today, September 30, 2024, amid conflict of interest allegations against Chairperson Madhabi Puri Buch from Hindenburg Research and the Congress party. These allegations include trading on unpublished price-sensitive information and potential financial ties to the Adani Group. During the meeting, Sebi may address regulatory ...

September 20, 2024

Market News

Business

Sebi chairperson Madhabi Puri Buch faces scrutiny over undisclosed conflicts of interest amid allegations linked to the Adani Group.

Sebi Chairperson Madhabi Puri Buch has faced scrutiny regarding her potential conflicts of interest, as highlighted in a recent RTI response. The securities Market regulator indicated that compiling information on instances where Buch recused herself would require significant resources and is not readily available. Additionally, requests for details on her financial disclosures were denied, citing ...

September 19, 2024

Market News

Business

The Fed cuts interest rates amid job market concerns, signaling potential economic shifts ahead of a tight presidential election.

The Federal Reserve recently cut interest rates by half a percentage point, responding to concerns about the job Market‘s health. Chair Jerome Powell announced this decision, indicating growing confidence that inflation is moving toward the 2% target. The Fed expects to gradually lower rates further, aiming for a range of 2.75% to 3.00% by 2026. ...

September 17, 2024

Market News

Business

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 16, 2024

Market News

Business

MTNL, struggling financially for years, relies on government support again for a critical bond interest payment due September 24.

Mahanagar Telephone Nigam Limited (MTNL), a state-run telecom company, is facing financial difficulties and has struggled with losses almost every year since 2008, with only one profitable year in 2013-14. The government has announced that it will step in to cover MTNL’s upcoming interest payment on bonds due on September 24. Recently, MTNL communicated that ...

September 15, 2024

Market News

Business

India’s shipbuilding industry sees a potential boost as Japan and South Korea express interest in investments and collaboration.

Union Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, announced that Japan and South Korea are interested in investing in India’s shipbuilding industry. This could lead to direct investments, joint ventures, and technology sharing, enhancing India’s capabilities in this sector. To further develop shipbuilding, the ministry plans to create multiple clusters with the help of ...

September 15, 2024

Market News

Business

The Indian equity market soared, hitting record highs as anticipation builds for the US Federal Reserve’s pivotal interest rate decision.

The Indian equity Market saw a remarkable performance last week, with the Nifty and Sensex reaching record highs. Investment experts are closely watching the upcoming US Federal Reserve meeting on September 18, which is expected to initiate a series of interest rate cuts. This potential reduction could attract foreign investments into Indian stocks, particularly as ...

September 14, 2024

Market News

Business

Congress alleges Sebi Chairperson Madhabi Puri Buch traded sensitive securities worth ₹36.96 crore, sparking a dramatic conflict of interest scandal.

The Congress party has intensified its criticism of Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (Sebi), claiming she traded nearly Rs 36.96 crore in securities while in her position, potentially violating ethical codes. Congress leader Pavan Khera raised concerns about Buch’s investments in foreign funds, including several Chinese ETFs, ...

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 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 ...