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.
Denne historien er fra October 19, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 19, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Changes in policy terms must be conveyed
Mustafa Pithawala had taken a home loan of ₹20,11,101 from Tata Capital Housing Finance on October 19, 2015. To secure its repayment, he was covered under ICICI Lombard Group Secure Mind Policy, valid from October 23, 2015, to October 22, 2020. This policy also covered personal accident and major medical illnesses and procedures such as coronary artery bypass graft surgery (CABG).
Begin early, use equity MFs, NPS and PPF to build corpus
Extending work life may not be easy: Health issues, changing workplace needs may upend plans
Sunny skies for REITs, with a high chance of growth
Home stretch for real estate investment trusts as strength of the office leasing market and Q2 results show endurance
The steady drumbeat of value creation
HSBC Value Fund, launched in January 2010, has consistently ranked in the top 30 percentile of the focused funds category in the CRISIL Mutual Fund Ranking (CMFR) for three consecutive quarters up to June 2024.
Moderate rally in Samvat 2081; DIIs key drivers'
The markets are set to enter Samvat 2081 after a year where midcap and smallcap indices outperformed their larger peers. JIGNESH DESAI, chief executive officer of institutional equities at Centrum Broking, in conversation with Puneet Wadhwa in Mumbai, discusses how specific stocks in the largecap universe will continue to attract interest. He also shares his outlook on the midcap and smallcap rally, which he expects to persist over the next two to three years, albeit with intermittent corrections that could present buying opportunities. Edited excerpts:
Stop, think, then take action: PM's mantra to counter 'digital arrests'
Prime Minister Narendra Modi on Sunday flagged the issue of fraudsters targeting people with the cyber crime of \"digital arrests\" and urged people to adopt the mantra of stop, think and take action when faced with such a scam, asserting that these steps will provide digital security to them.
In a first, standard treatment norms for vets unveiled
They discourage excessive use of antibiotics in poultry and livestock
Luxe hotels curate Diwali hampers beyond the box
Season highlights: Locally sourced goodies, sustainable packaging
When deposits become 'assets' of banks
Offering a higher interest rate is an easy but costly solution. It's time for banks to innovate
SCENT OF A MAN
Why domestic telcos smell trouble if Elon Musk's Starlink gets satellite spectrum at administrative prices
