Articles for tag: Citing, Concerns, confidentiality, Court, Denies, Indias, Investigations, Linde, Ongoing, Plea, relatedparty, SEBIdirected, Supreme, Transactions, Valuation

Market News

The Supreme Court denies Linde India’s plea against SEBI-directed valuation, citing confidentiality concerns amid ongoing investigations into related-party transactions.

The Supreme Court denies Linde India’s plea against SEBI-directed valuation, citing confidentiality concerns amid ongoing investigations into related-party transactions.

The Supreme Court has denied Linde India’s request for relief regarding a valuation process mandated by the Securities and Exchange Board of India (Sebi). This follows the company’s earlier appeal to the Securities Appellate Tribunal (SAT), which supported Sebi’s decision. Sebi instructed the National Stock Exchange (NSE) to appoint a valuer to evaluate Linde India’s ...

Market News

The CCI gains new powers to issue show cause notices and close cases, enhancing transparency in anti-competitive investigations.

The CCI gains new powers to issue show cause notices and close cases, enhancing transparency in anti-competitive investigations.

The Indian government has updated the competition law, allowing the Competition Commission of India (CCI) to issue show cause notices during investigations. This change, effective from September 19, 2024, means CCI can now inform parties of any alleged contraventions and give them a chance to respond before making a final decision. Previously, if the Director ...

Market News

Gunfire erupts near Trump during his Florida golf outing, prompting urgent investigations and shifting the election’s dramatic landscape.

Gunfire erupts near Trump during his Florida golf outing, prompting urgent investigations and shifting the election’s dramatic landscape.

A dramatic incident occurred at Trump Golf Club in Florida when Secret Service agents confronted a rifle-wielding suspect while former President Donald Trump was on the course. This event follows another shooting incident where Trump was injured at a Pennsylvania rally just two months prior. In the aftermath, Trump reassured supporters that he was safe ...

Market News

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

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 ...

Market News

A doctor’s rape and murder sparks nationwide protests, leading to investigations into financial irregularities at the hospital.

A doctor’s rape and murder sparks nationwide protests, leading to investigations into financial irregularities at the hospital.

A postgraduate trainee doctor was tragically raped and murdered while on duty at RG Kar Medical College and Hospital, leading to widespread protests across the nation. Following this shocking incident, the West Bengal Medical Council issued a show-cause notice to Sandip Ghosh, the hospital’s principal, who has been arrested by the CBI for alleged financial ...

Market News

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

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 ...

Market News

Congress accuses SEBI chairperson Madhabi Puri Buch of conflict of interest amid insider trading investigations, sparking controversy and protests.

Congress accuses SEBI chairperson Madhabi Puri Buch of conflict of interest amid insider trading investigations, sparking controversy and protests.

The Congress party has accused Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (SEBI), of potential conflict of interest. They claim she earned Rs 2.16 crore in rental income from Carol Info Services, linked to Wockhardt, while overseeing investigations into the company for insider trading violations. The opposition raised concerns ...

Market News

Congress accuses Sebi Chairperson Madhabi Buch of corruption and conflict of interest amid ongoing investigations into insider trading cases.

Congress accuses Sebi Chairperson Madhabi Buch of corruption and conflict of interest amid ongoing investigations into insider trading cases.

The Congress party has accused Sebi Chairperson Madhabi Puri Buch of conflict of interest due to her rental income from a company linked to ongoing insider trading investigations. Jairam Ramesh, Congress general secretary, questioned Prime Minister Modi on the need for transparency in the capital markets. Pawan Khera, another Congress leader, revealed that Buch received ...

Market News

Antitrust Storm: Nvidia Faces Subpoena Amid Market Dominance Investigations

Antitrust Storm: Nvidia Faces Subpoena Amid Market Dominance Investigations

The U.S. Department of Justice has intensified its investigation into Nvidia regarding possible antitrust violations. Following complaints from competitors about Nvidia’s Market dominance, the DOJ has issued subpoenas for further information. Reports suggest that officials are examining whether Nvidia is making it difficult for customers to switch to other chip suppliers and is penalizing those ...

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