Anti-corruption ombudsman Lokpal on Friday sought SEBI chief Madhabi Puri Buch’s “explanation” on complaints of impropriety and conflict of interest filed by a Lok Sabha member and two others on the basis of a report by US-based short-seller Hindenburg Research, according to an official order.
The Lokpal, however, clarified its order is only a “procedural directive” and “not an expression of our opinion on any matter in issue, either way”.
Buch, the chairperson of capital markets regulator Securities and Exchange Board of India (SEBI), has been asked to submit her response within four weeks, according to the order.
“…We deem it appropriate to call upon the named RPS (respondent public servant) to offer explanation qua the allegations made against her in the respective complainant and elaborated in the concerned explanatory affidavit,” reads the order signed by Lokpal chairperson Justice A M Khanwilkar and five other members.
“This opportunity is being afforded to the named RPS as
Posts in category Business Standard
Lokpal seeks SEBI chief’s ‘explanation’ on complaints against her (08-11-2024)
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The Indian rupee declined for the third straight session down 5 paise to hit a new lifetime low of 84.37 (provisional) against the US dollar on Friday, weighed down by persistent foreign fund outflows and a muted trend in domestic equities. Indian shares moved in a narrow range before finishing marginally lower on Friday after a busy week of central bank meetings and Donald Trump’s victory in the U.S. presidential election. The benchmark 30-share BSE Sensex ended the session down 55.47 points, or 0.07 percent, at 79,486.32, extending declines for a second straight session. The broader NSE Nifty index dropped 51.15 points, or 0.21 percent, to 24,148.20. At the interbank foreign exchange, the rupee opened at 84.32 against the US dollar. During the session, the local currency touched a high of 84.31 and a low of 84.38. It finally settled at 84.37 (provisional), a loss of 5 paise against its previous close.
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Sales rise 12.58% to Rs 1712.99 crore
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Sales rise 41.44% to Rs 11.40 crore
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Sales decline 12.90% to Rs 1448.63 crore
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Sales rise 2.52% to Rs 208.01 crore