Articles for tag: Allegations, Buch, Chairperson, Conflict, Congress, Faces, Hindenburg, Interest, Madhabi, Puri, Research, Scrutiny, SEBI

September 11, 2024

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

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 ...

September 8, 2024

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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 6, 2024

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Business

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 ...

September 6, 2024

Market News

Business

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 ...

September 6, 2024

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Business

Sebi plans strict derivative rules to curb risky retail trading, increasing costs and limiting options to enhance market stability.

India’s Securities and Exchange Board of India (Sebi) is set to introduce stricter rules for derivatives trading to protect retail investors from speculation risks. The new regulations will limit options contract expiries to one per exchange each week and raise the minimum trading amount to between Rs 15 lakh and Rs 20 lakh, increasing the ...

September 3, 2024

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Business

Congress Challenges ICICI Bank Over Controversial Retirement Benefits of SEBI Chairperson

Congress party has raised concerns regarding the retirement benefits received by Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (Sebi), from ICICI Bank. During a press conference, Congress highlighted that the payments Buch received post-retirement were more than her regular salary while she was employed at the bank. They questioned ...

September 2, 2024

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Business

JSW Cement’s ₹4,000-Crore IPO Halted by Sebi: What’s Next?

JSW Cement’s planned Rs 4,000-crore initial public offering (IPO) has been put on hold by the Securities and Exchange Board of India (Sebi) without clarification on the reasons. The company, part of the diversified JSW Group, initially filed the IPO documents on August 16, which included a new issue and an offer-for-sale by existing shareholders. ...

September 2, 2024

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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

Sebi Chief Accused of Salary Duplicity Amidst Rising Controversy

The Congress party has raised serious allegations against Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (Sebi). They claim she continued to draw a salary from her previous employer, ICICI Bank, while serving at Sebi. Congress leader Pawan Khera pointed out that Buch earned nearly Rs 16 crore from ICICI, ...