Articles for tag: Anticipates, Challenges, Expansion, Focus, Growth, India, Jean, Led, Pernod, Premium, Regulatory, Ricard, Robust, Touboul, Whisky

September 18, 2024

Pernod Ricard India, led by Jean Touboul, anticipates robust growth amid regulatory challenges and a focus on premium whisky expansion.

Pernod Ricard India anticipates strong double-digit growth in the medium term, driven by a growing trend towards premium products. Jean Touboul, CEO of Pernod Ricard India, highlighted that India has become the company’s second-largest Market globally. Despite facing regulatory challenges, including losing their liquor license in Delhi, Touboul remains optimistic and is actively seeking to ...

September 15, 2024

Market News

Business

The government plans to increase bank fines for regulatory noncompliance, aiming to strengthen deterrents against repeat offenders.

The government is looking to increase fines for banks that fail to follow regulatory guidelines. Officials believe the current fines are too low to effectively discourage major organizations or those that repeatedly break the rules. To address this, the Centre is open to revising laws, such as the Banking Regulation Act of 1949 and the ...

September 14, 2024

Market News

Business

Regulatory reports expose Samsung and Xiaomi’s collusion with Amazon and Flipkart, breaching antitrust laws and harming competition in India.

Recent investigations by India’s Competition Commission have found that major smartphone brands like Samsung and Xiaomi colluded with Amazon and Flipkart to break antitrust laws. Reports indicate that these companies engaged in exclusive product launches and prioritized selected sellers, harming competition and local retailers. Both Amazon and Flipkart allegedly favored preferred sellers, offering them discounts ...

September 12, 2024

Market News

Business

Bidders vie for Yes Bank, but regulatory hurdles threaten their ambitions for a controlling stake.

Yes Bank is currently facing challenges in negotiations over a potential stake sale, with two bidders, Japan’s SMBC and Emirates NBD, vying for ownership. However, their demand for a 51 percent stake may hinder progress, as the Reserve Bank of India (RBI) is wary of allowing a foreign entity to hold such a significant share ...

September 8, 2024

Market News

Business

SEBI faces intense scrutiny over alleged regulatory failures in the Adani scandal, while its chairman denies implications of impropriety.

The Congress party has criticized the Securities and Exchange Board of India (Sebi) for its ongoing investigation into the Adani Group, claiming it has stalled without resolution. This comes after two Mauritius-based foreign portfolio investors petitioned the Securities Appellate Tribunal for relief from new Sebi regulations concerning foreign investments. Congress leader Jairam Ramesh alleges that ...

September 3, 2024

Market News

Business

Zee’s Chandra Accused of Corruption as Regulatory Battle Escalates Dramatically

Subhash Chandra, the chairman emeritus of Zee Entertainment, is facing legal challenges from the Securities and Exchange Board of India (Sebi) regarding allegations of fund diversion. A recent hearing at the Securities Appellate Tribunal (SAT) was postponed, with Chandra’s legal team requesting more time amidst objections from Sebi’s counsel. Chandra has publicly criticized Sebi’s chairperson, ...

September 2, 2024

Market News

Business

ICICI Securities Delisting Sparks Controversy Amid Regulatory Scrutiny and Shareholder Outcry

ICICI Bank’s plan to acquire its subsidiary, ICICI Securities, has sparked controversy among shareholders and drawn scrutiny from India’s Market regulator, SEBI. Discontent stems from the waiver of SEBI’s rules about compensating minority investors during the delisting process. A recent class-action suit alleges that the merger terms favor the bank and could cause significant losses ...

September 1, 2024

Market News

Business

Delays Threaten IIHL’s Acquisition of Reliance Capital Amid Regulatory Hurdles

Lenders to Reliance Capital Ltd have accused IndusInd International Holdings Ltd (IIHL) of delaying the resolution plan for the struggling financial firm. IIHL, which was approved to acquire Reliance Capital with a Rs 9,861-crore plan, has yet to receive necessary approval from the Department of Industrial Policy and Promotion (DIPP). This approval is needed because ...