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market-expert-welcomes-step-as-sebi-bars-260-entities-for-money-laundering-tax-evasion

Market Expert welcomes step as SEBI bars 260 entities for money laundering & tax evasion

New Delhi, Dec 20 (ANI): Market Expert Sunil Shah on Saturday welcomed the step as The Securities and Exchange Board of India (SEBI) banned 260 entities, including two companies, their promoters, brokers and a clutch of investors, from accessing the securities markets. The SEBI has accused them of misusing the stock exchanges to generate long-term capital gains of around Rs 485 crore, thus converting unaccounted cash into legitimate money. While SEBI would further probe these cases, it has also decided to refer the matter to the Income Tax Department, Enforcement Directorate, Financial Intelligence Unit, among other agencies, for necessary actions on their part. Shah said that this will make Indian market more transparent and trust worthy. Dec 20, 2014
Abercrombie & Fitch

Abercrombie & Fitch CEO Mike Jefferies Steps Down

Michael Jefferies, the controversial CEO of Abercrombie & Fitch stepped down from his post on Tuesday effective immediately, marking the end of a two-decade long career that saw several ups and downs. Dec 10, 2014
real-estate-sector-witnesses-a-growth-in-assam

Real estate sector witnesses a growth in Assam

Guwahati, Dec 10 (ANI): Guwahati city in Assam is a growing hub for trade and commerce activity in the Northeast. And, this has opened up new vistas for the real estate industry. Shopping malls, showrooms, apartments and hotels - the changing face of the city has made it a favorite destination for investors. Real estate developers are venturing in to the city to tap the potential. In recent years, the city, like most of the other bigger cities in the country has witnessed a sharp rise in the demand for flats, both for residential and commercial purpose. A large number of real estate developers, including from abroad, are eying to develop housing and commercial infrastructure in Assam. They participated in a recently concluded four-day long Realty summit. Organized by the Assam Real Estate and Infrastructure Developers' Association (AREIDA), it invited experts from various infrastructure development related fields to discuss wide range of issues. The exhibition gave a chance to the public to know about the various housing projects and home development items besides a chance to avail loans from a number of banks. Dec 10, 2014
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