Articles for tag: Alleges, Buch, Chairperson, Conflict, Congress, Crore, Dramatic, Interest, Madhabi, Puri, Scandal, SEBI, securities, Sensitive, Sparking, Traded, Worth

September 14, 2024

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 11, 2024

Market News

Politics

Amit Shah Accuses Rahul Gandhi of Anti-Nationalism, Sparking Controversy Over Reservation and India’s Unity!

Amit Shah, India’s Union Home Minister, has criticized Congress leader Rahul Gandhi for his remarks made during a trip to the United States, claiming he aligns with groups that aim to divide the country. Shah accused Gandhi of regularly making anti-national statements, particularly in relation to issues of regionalism and religion. Gandhi had previously suggested ...

September 10, 2024

Market News

Business

Coal India plans a massive investment in coal power, clinging to fossil fuels as India’s energy demand surges, sparking environmental concerns.

Coal India Ltd. is set to invest approximately 670 billion rupees (around $8 billion) to build coal-fired power plants near its mines, emphasizing the country’s ongoing reliance on coal for electricity. With approval for 4.7 gigawatts of new power generation in Odisha and discussions for an additional 2 gigawatts, the move highlights India’s forecasted surge ...

September 10, 2024

Market News

Business

A Kenyan court halts Adani’s 30-year airport lease amid constitutional challenges, sparking dramatic controversy over public funds and governance.

A Kenyan court has halted a government agreement that would allow India’s Adani Airport Holdings Ltd. to manage Nairobi’s main airport for 30 years. This legal decision comes as concerns arise over whether leasing Jomo Kenyatta International Airport (JKIA) to a private entity aligns with Kenya’s constitutional principles regarding good governance and accountability. Critics argue ...

September 6, 2024

Market News

Business

Byju’s faces a 1 million tax claim amid .5 billion in creditor disputes, sparking turmoil for its thousands of employees.

Byju’s faces a $101 million tax claim amid $1.5 billion in creditor disputes, sparking turmoil for its thousands of employees.

Byju’s, once India’s leading ed-tech startup, is facing severe financial challenges, with Indian tax authorities claiming $101 million in dues as it enters insolvency. Valued at $22 billion in 2022, the company’s fortunes have plummeted due to regulatory issues and a dispute with U.S. lenders over $1 billion in unpaid debts. A court-appointed resolution professional ...

September 6, 2024

Market News

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 ...

May 15, 2024

Market News

Crypto Now

Circle to move legal headquarters from Ireland to the United States, sparking interest and anticipation.

Cryptocurrency company Circle has announced its decision to shift its legal base from Ireland to the United States. The move comes as a strategic decision to better position the company within the US regulatory framework. This change in legal base is expected to streamline operations and facilitate closer collaboration with US regulatory authorities. Click to ...