Anil Ambani gets partial relief from SAT in Sebi ban
Business Standard|October 19, 2024
The Securities Appellate Tribunal (SAT) on Friday admitted a plea by Anil Ambani against an order by the Securities and Exchange Board of India (Sebi) in which the markets regulator had imposed a penalty of ₹25 crore on Ambani and debarred him from the markets for five years in a matter related to Reliance Home Finance (RHFL).
KHUSHBOO TIWARI
Anil Ambani gets partial relief from SAT in Sebi ban

The tribunal has directed Ambani to deposit 50 per cent of the penalty amount and asked Sebi to file a reply in the matter within four weeks. “There should be no recovery of the penalty amount subject to 50 per cent of deposit within four weeks,” said Justice P.S. Dinesh Kumar.

In an order dated August 22, Sebi had alleged siphoning off of funds from RHFL by doling out loans to borrowers linked with the promoters.

Sebi had imposed a total penalty of ₹625 crore on 26 entities.

Esta historia es de la edición October 19, 2024 de Business Standard.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición October 19, 2024 de Business Standard.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BUSINESS STANDARDVer todo
Global hunger crisis deepens as major nations skimp on aid
Business Standard

Global hunger crisis deepens as major nations skimp on aid

It's a simple but brutal equation: The number of people going hungry or otherwise struggling around the world is rising, while the amount of money the world's wealthiest nations are contributing toward helping them is dropping.

time-read
3 minutos  |
December 25, 2024
Statesman who shaped India with his vision and resolve
Business Standard

Statesman who shaped India with his vision and resolve

Today, 25th December is a very special day for all of us. Our nation marks the 100th jayanti of our beloved former Prime Minister, Shri Atal Bihari Vajpayee Ji.

time-read
4 minutos  |
December 25, 2024
Bhaker accepts 'lapse' on her part amid Khel Ratna row
Business Standard

Bhaker accepts 'lapse' on her part amid Khel Ratna row

Paris Olympics' double bronze-medallist Manu Bhaker on Tuesday admitted that \"there has been a lapse maybe on my part\" while filing nominations for this year's National Sports Awards amid a raging controversy over her exclusion from the list of Dhyan Chand Khel Ratna awardees.

time-read
1 min  |
December 25, 2024
Consumer fickleness on the rise as phygital shopping takes root
Business Standard

Consumer fickleness on the rise as phygital shopping takes root

Omnichannel shopping, or the phygital (physical and digital) experience, is gaining traction as the preferred way to shop among Indian consumers, who are increasingly forsaking physical stores. However, customer loyalty is becoming increasingly fickle, as consumers frequently switch brands and retailers.

time-read
2 minutos  |
December 25, 2024
The charts Indian policymakers should worry about
Business Standard

The charts Indian policymakers should worry about

In a series of recent pieces, we have been arguing that the just-ended Reserve Bank of India (RBI) regime made a radical change in exchange rate policy, which reduced export competitiveness and rendered monetary policy inappropriate for a slowing economy.

time-read
5 minutos  |
December 25, 2024
Business Standard

Manipur, Bihar, other states get new governors

Former Union Home Secretary Ajay Kumar Bhalla has been appointed the governor of strife-torn Manipur, ex-Army chief Vijay Kumar Singh is the new Mizoram governor while Kerala Governor Arif Mohammed Khan has been shifted to Bihar as part of gubernatorial appointments effected by President Droupadi Murmu on Tuesday.

time-read
1 min  |
December 25, 2024
BCs meet Irdai, seek consent to sell insurance products
Business Standard

BCs meet Irdai, seek consent to sell insurance products

The Business Correspondent Resource Council (BCRC) has made a pitch to the Insurance Regulatory and Development Authority of India (Irdai) that field agents be allowed to hawk insurance products.

time-read
1 min  |
December 25, 2024
Credit card spend falls 16% in Nov after festival high
Business Standard

Credit card spend falls 16% in Nov after festival high

Decline due to moderation in consumer spending; issuances come down

time-read
2 minutos  |
December 25, 2024
Business Standard

Caramelised popcorn in theatres may stay in 5% slab

Single rate on sale of all old, used vehicles, including EVs

time-read
2 minutos  |
December 25, 2024
Indo Farm Equipment listing to open for subscription on Dec 31
Business Standard

Indo Farm Equipment listing to open for subscription on Dec 31

Indo Farm Equipment on Tuesday fixed a price band of ₹204 to ₹215 per share for its initial share sale that opens for public subscription on December 31.

time-read
1 min  |
December 25, 2024