Nearly 100 million Indians and thousands of foreign funds have invested their monies in India's financial markets based on their trust in the credibility of the market regulator.
Sebi Chairperson Madhabi Puri Buch is the first person from the private sector to be appointed its head. She is now embroiled in a controversy over her and her family's financial transactions. The Congress has brought out charges against Buch that they see as cases of financial impropriety. Buch, while not denying the transactions, has claimed innocence.
Both seem perplexed over why the other seems to be missing the obvious. This chasm is because of the figurative 'suit-versus-safari' (or sari) clash of expectations. Buch's transition from a corporate executive (suit) to a public servant (sari/safari) has been trapped in the meritocracy dogma.
American research firm Hindenburg kicked off this controversy by highlighting Buch and her husband's investments in offshore funds that were linked to the Adani group. Then the Congress came up with a slew of charges against Buch-including earning income through ICICI stock while being a regulator, her private firm earning income from corporates she was regulating, her husband earning crores through consulting assignments with corporates that were under Sebi's ambit, and her continuing investments in stocks and funds.
この記事は The New Indian Express の September 24, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は The New Indian Express の September 24, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Alcaraz beats Sinner to win China Open
CARLOS Alcaraz won seven straight points in the decisive tiebreaker to beat top-ranked Jannik Sinner 6-7 (6), 6-4, 7-6 (3) and win the China Open on Wednesday, extending his recent mastery over his biggest rival who is dealing with an ongoing doping case.
NEXT-GEN READY FOR BIG STAGE
Several U19 stars will be hoping to light up the stage in Women's T20 WC which begins today
Test hopefuls put on a show in front of selectors
PRESENCE of national selectors here at the Ekana Cricket Stadium in Lucknow has added a layer to the ongoing Irani Cup match between Ranji champions and Rest of India.
Bengaluru FC maintain unbeaten run in ISL
BENGALURU FC held Mumbai City FC to a 0-0 draw at the Mumbai Football Arena (MFA) in the Indian Super League (ISL) on Wednesday.
Dortmund score 7 past Celtic; Barca, City claim first wins
KARIM Adeyemi starred as Borussia Dortmund ran riot against Celtic while Barcelona and Manchester City claimed their first wins in the restructured Champions League on Tuesday.
Top stars set for big moves in Global Chess League
SEVERAL of the world's strongest chess players will vie for top honours when the sixteam Global Chess League, the only professional sports league where men and women compete together, commences here on Thursday.
Crypto market: Bitcoin falls to $60,000 level
THE rising geopolitical tensions have impacted the cryptocurrency market as Bitcoin fell below $61,000 on Wednesday, which is nearly a 4% decrease over 24 hours.
Hospitality sector witnesses rise in demand
LOGGING THE hospitality sector is currently on an upcycle, driven by favourable demographics, robust domestic demand with supply lagging behind demand despite international tourist inflows fell, rising investments and ongoing improvements in infrastructure and connectivity, helping the close the fiscal with 8-9% growth in average revenue per room, on the back of a 14% growth last fiscal.
Office space leasing hits record in Jan-Sept period
GROSS leasing activity in Q3 touched 19.89 million square feet (msqft) up 8.2% quarter-onquarter, making it the second best quarter, taking total area leased out so far this year to 53.43 mn sq.ft. If the trend is maintained, which looks more likely than not, the market is on course to cross the 70 mnsq.ft by December.
Crude rises as investors see retaliation from Israel
CRUDE oil prices in the international market rose sharply on Wednesday following a missile attack by Iran on Israel. Brent crude futures, which had been trading near $70 a barrel for the past three weeks, rose by 4% to $75.96 a barrel at 4:30 PM IST.
