SEBI fines NSE, Chitra Ramkrishna, Ravi Narain and others in key appointment case
The Hindu
SEBI has levied a fine of ₹3 crore on Ms. Ramkrishna, ₹2 crore each on the NSE, Mr. Narain and Mr. Subramanian and ₹6 lakh on Narasimhan, who was the chief regulatory officer and chief compliance officer
SEBI on February 11 penalised the NSE and its former MDs and CEOs, Chitra Ramkrishna and Ravi Narain, and others for violating securities contract rules in a case related to the appointment of Anand Subramanian as group operating officer and advisor to MD.
The regulator has levied a fine of ₹3 crore on Ms. Ramkrishna, ₹2 crore each on the NSE, Mr. Narain and Mr. Subramanian and ₹6 lakh on V.R. Narasimhan, who was the chief regulatory officer and chief compliance officer.
In addition, the Securities and Exchange Board of India (SEBI) has barred the NSE from launching any new product for a period of six months.
Meta will face trial in April over the U.S. Federal Trade Commission’s allegations that the social media platform bought Instagram and WhatsApp to crush emerging competition.
HUL shareholders to receive shares in new ice cream business entity, subject to approvals, maximizing value for all.
Vedanta launches $500 million bond issue post-Adani crisis, with Citigroup, JPMorgan, Deutsche Bank declining to comment.
USFDA reports Dr Reddy's and Lupin Pharmaceuticals recalling products in the US due to manufacturing issues.
EPF inoperative accounts rise to ₹8,505.23 crore in 2023-24, EPFO to return funds to beneficiaries, awareness campaigns planned.
S&P Global Ratings revises India's economic growth forecast due to high interest rates and lower fiscal impulse.
Indraprastha Gas Ltd raises CNG prices in select cities, while MGL hikes rates in Mumbai post-elections.
Adani group stocks surge on BSE, NSE; clarifies on Kenya deals amid bribery charges, airport project cancellation.
ZEE Entertainment CEO Punit Goenka resigns as Managing Director, withdraws reappointment, retains CEO position.
Forex traders warn of headwinds for USD/INR pair due to Dollar Index, oil surge amid Russia-Ukraine conflict.
Sensex and Nifty surge on BJP's Maharashtra victory, global rally; Sensex up 1,289.89 points, Nifty up 405.25 points.