In a fresh order in the nearly seven-year old Satyam scam case, regulator SEBI on Thursday asked 10 entities linked to the main accused B Ramalinga Raju — including his mother, brother and son — to disgorge over Rs 1,800 crore worth of illegal gains made by them.
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Satyam scam: Sebi asks Raju family, others to pay Rs 1800cr (10-09-2015)
Sebi widens probe into Castex matter; MFs under the lens (10-09-2015)
The capital market regulator has started an investigation into possible rigging of Castex Technologies’ share price through forcible conversion of foreign bonds.
Bank licences: Can ‘fit and proper’ be non-discretionary? (10-09-2015)
In August, the Reserve Bank of India (RBI) today granted in-principle nod to 11 payment banks applicants. The RBI had received 41 applications for payments banks.
IndiGo profit jumps over 300% YoY to Rs 1304cr in FY15 (10-09-2015)
IndiGo’s revenues rose 25 percent to Rs 14,320 crore. Net margin stood at 9.4 percent while profit before tax was Rs 1,847 crore.
Investment via P-Notes drops to Rs 2.72 lakh cr in July (10-09-2015)
P-Notes, mostly used by overseas HNIs (High Net Worth Individuals), hedge funds and other foreign institutions, allow such investors to invest in Indian markets through registered foreign institutional investors (FIIs).
Winter Session could be advanced to pass GST Bill: Naidu (10-09-2015)
To a question on whether the government is still hopeful that it will be able to roll out GST from April 2016, Naidu replied in affirmative, saying there is still scope for this. He indicated that the government is toying with the idea of the Winter Session immediately after the Bihar polls are over on November 8.
Late recovery: Sensex down 97 pts, Midcap rebounds; auto up (10-09-2015)
The Sensex fell 432 points intraday following global weakness, but consistent domestic institutional investors support and buying in capital goods, auto and select banking stocks helped benchmark indices cut significant losses. There was some profit booking too, as market rallied more than 3 percent in previous two sessions.
Rates can go lower even without RBI moving: Aditya Puri (10-09-2015)
More than a week has passed since HDFC Bank — India’s second-largest private sector lender — had cut its base rate or the minimum lending rate by 35 basis points to 9.35 percent; and yet there is no big bang follow-up by the industry.
MM to launch petrol variant of S101 by 2016-end: Goenka (10-09-2015)
The company, after a gap of 12 months, launched its compact mini SUV TUV300 on Thursday.
Expect FY16 bottomline to grow by 40%: Anuh Pharma (10-09-2015)
Bipin Shah, MD, Anuh Pharma says launch of six new products will be the key growth driver in FY17. It has over Rs 60 crore cash on books and will commission a new plant on January 1, 2017.