Powered by Capital Market – Live News
Posts in category Business Standard
Sebi imposes Rs 1 cr fine on Anmol Ambani in Reliance Home Finance case (23-09-2024)
Markets regulator Sebi on Monday imposed a penalty of Rs 1 crore on Anmol Ambani, son of industrialist Anil Ambani, for his failure to exercise due diligence while approving general-purpose corporate loans in Reliance Home Finance matter.
Additionally, the regulator levied a fine of Rs 15 lakh on Krishnan Gopalakrishnan, who was the Chief Risk Officer of Reliance Housing Finance.
Both have been directed to pay the amount within 45 days, the Securities and Exchange Board of India (Sebi) said in its order.
The order came after Sebi, in August, barred Anil Ambani and 24 others from the securities market for five years in a case pertaining to diversion of Reliance Home Finance Ltd’s funds. Also, a fine of Rs 25 crore was levied on him.
In its order on Monday, Sebi noted that Anmol Ambani, who was on the board of Reliance Home Finance, had approved general-purpose corporate loans or GPCL loans, and that too after the company’s board of directors had given clear direction not to go ahead
EPFO records all time highest addition of 19.94 lakh net members in July 2024 (23-09-2024)
Union Minister of Labour & Employment and Youth Affairs & Sports released EPFO’s provisional payroll data of July 2024 in New Delhi today. He mentioned that EPFO has added 19.94 lakh net members in the month of July 2024, marking the highest recorded increase since payroll data tracking began in April 2018. EPFO added 10.52 lakh new members in July 2024, representing a 2.66% increase over June 2024 and a 2.43% rise compared to July 2023. This surge in new memberships can be attributed to growing employment opportunities, increased awareness of employee benefits, and EPFO’s successful outreach programs.
Over 93% retail traders lost money in F&O in three years, says Sebi (23-09-2024)
Over Rs 1.8 trillion losses in F&O between FY22 and FY24; 75% continued trading despite consecutive losses
SpiceJet concludes QIP issue of Rs 3,000 cr (23-09-2024)
SpiceJet has successfully raised Rs 3000 crore through its recently concluded Qualified Institutional Placement (QIP), which was significantly oversubscribed by investors.
Anant Raj Cloud wins ‘Best Innovation in Data Center Design and Infrastructure’ award (23-09-2024)
Powered by Capital Market – Live News
Bank of Baroda collaborates with EaseMyTrip to launch co-branded debit card (23-09-2024)
Powered by Capital Market – Live News
Bharti Airtel strengthens its network infrastructure in Gujarat (23-09-2024)
Bharti Airtel announced that it has made a concerted effort to bolster its network infrastructure across the western state of Gujarat.
India’s retail derivatives traders lost Rs 1.8 trn in three years: Sebi (23-09-2024)
In fiscal year 2024, 91.1% of retail traders made losses while trading in derivatives, with gross losses totalling 524 billion rupees, the study showed
Firstsource Solutions acquires UK-based CX specialist – Ascensos (23-09-2024)
Firstsource Solutions has acquired Ascensos, a leading UK-headquartered customer experience outsourcing partner for retail and eCommerce businesses.