Search Results for: SEBI

The Plaza, New York, partly owned by the Sahara Group

Mirach Capital Values Sahara's Overseas Hotels at $1.67 bn, Below Market Value

Its offer is seen as crucial to Sahara's efforts to raise funds to secure Subrata Roy's release from jail

Feb 9, 2015

Sahara India's Troubles Multiply: Enforcement Directorate Files ₹3,600 Cr FEMA Charges over Luxury Hotel Investment

Sahara India suffered another setback, with the Enforcement Directorate issuing a show cause notice to the group, concerning FEMA violations in the purchase of London-based Grosnover House luxury hotel.

Feb 7, 2015

Coal India: 10% Stake Sale on Friday to Raise ₹24,000 Crore; Shares Slide by 5%

The government has decided to divest almost 10% of its share holding in Coal India, to help mop-up almost ₹24,000 crore to help manage the fiscal deficit at 4.1%

Jan 29, 2015

Chit Fund Scam: CBI Raids MPS Greenery in West Bengal

CBI has registered a case of criminal conspiracy, cheating, and criminal breach of trust against MPS Greenery.

Jan 20, 2015

Politicos react as CBI questions SEBI member in Saradha scam

New Delhi, Jan 13 (ANI): Politicos reacted as CBI on Monday examined a whole-time member of SEBI in connection with the Saradha Chit Fund Scam. SEBI member Rajeev Kumar Agarwal was summoned to CBI's Kolkata office on Monday and was questioned for over four hours. This is the first time a serving member of SEBI has come under CBI scrutiny. CBI has also summoned senior TMC leader Mukul Roy in connection with the scam today.

Jan 13, 2015

SC Allows Sahara Group to Raise $1.05 Billion Loan to Secure Bail for Subrata Roy

The apex court allowed the scam-tainted Sahara Group raise $1.05bn in its bid to raise 10,000 crore bail amount, if the central bank approves the move.

Jan 9, 2015

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

Supreme Court allows Sahara to continue with its normal business

New Delhi, Dec 17 (ANI): Supreme Court on Wednesday said that Sahara should continue with its normal business and there is no prohibition from the court. Lawyer said that the court has allowed Sahara to raise the second junior loan against the foreign properties situated in New York and London. He added that the documents which were illegally rejected by Sebi will be considered by the Supreme Court. The next hearing of the case has been scheduled to January 9.

Dec 17, 2014

Supreme Court Permits Sahara To Sell Properties Valued At ₹ 2,700 crore

Supreme Court grants permission to Sahara for sale of four domestic properties; Sahara to provide details to the court about the '$650mn junior loan'

Dec 3, 2014

DLF Slumps over 26% as SEBI Bars it from Capital Markets

India's largest listed property developer DLF Ltd dropped more than 26% on Tuesday, after market regulator SEBI barred the company from tapping the capital markets for three years.

Oct 14, 2014

Foreign Investors Take Flight following Negative Global Cues

The FPIs went on a selling spree by shedding-off shares worth $200.33 million.

Oct 11, 2014

BSE and Bank of New York Mellon to Provide Security Bonds to Foreign Investors

BSE Ltd and Bank of New York Mellon have signed an agreement enabling foreign investors to provide AAA rated sovereign bonds traded outside of India as collateral for trades done on the domestic exchange

Sep 27, 2014

Kingfisher and UB Group chairman Vijay Mallya

Kingfisher, Mallya Declared 'Wilful Defaulter' by UBI

Kolkata-based UBI on Monday declared Kingfisher Airlines owner Vijay Mallya as 'wilful defaulter'.

Sep 2, 2014

Saradha Scam: Court extends CBI custody of Sandhir Agarwal

Kolkata, Aug 27 (ANI): The High Court in Kolkata has extended the CBI custody of city-based businessman Sandhir Aggarwal who was arrested for his alleged role in the Saradha chit fund scam. His lawyer said that they tried to get him out on bail but the Court extended his CBI custody till September 1. Agarwal is suspected to have acted as a middleman with SEBI and other regulatory bodies for Saradha Group Chief Sudipto Sen and shielded him from action, according to CBI sources.

Aug 27, 2014

Real Estate Developer PACL to Appeal SEBI's Order to Refund $8.1 billion

The company on Monday convinced its investors through notice that their funds were safe.

Aug 26, 2014

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