SC grants conditional bail to Subrata Roy; Group to submit Rs 10,000cr to SEBI

The Supreme Court today granted conditional bail to Sahara Group Chief Subrata Roy. Sahara group has to submit Rs. 10,000 crore to Sebi out of which Rs. 5,000 crore has to be in cash and the rest in bank guarantee.The court has also agreed to de-freeze bank accounts of Sahara companies to raise the ...

Deposit Rs 10,000cr to SEBI for bail: SC to Sahara Chief Roy

Supreme Court has asked Sahara Chief Subrata Roy, to deposit Rs 10,000 crore to SEBI, for granting bail. According to SEBI, Sahara owes nearly Rs 24,000 crore to its investors. SEBI has said that this amount was raised in violation of rules and has asked Sahara to return it to the investors. Roy was...

Govt adopting neo-liberal policies that benefit only corporates : Yechury

CPI(M) has accused the Congress-led UPA government of pursuing wrong economic policies leading to slow economic growth in the country. Addressing a press conference in New Delhi this afternoon, party leader, Sitaram Yechury also criticised the government for adopting neo-liberal policies, which he s...

ED registers money laundering case against ex-MP Minister in exam scam

In Madhya Pradesh, the enforcement directorate has registered a case of money laundering against former minister Laxmikant Sharma and 26 others in the Professional Examination Board recruitment scam case. The Directorate has registered the case on the basis of different FIRs registered in Bhopal and...

New gen Boeing 787 Dreamliners to join AI fleet

SC displeased over bizman Ansal leaving country without permission<br/>

The Supreme Court today expressed displeasure over real estate baron Sushil Ansal leaving the country without its permission. Ansal has been convicted in the Uphaar cinema fire case. The apex court however allowed Ansal to stay abroad for medical treatment after he gives an assurance that he will re...

Auditor's certificate: Follow standard format says SEBI to companies

The Securities and Exchange Board of India - SEBI has asked all listed companies to follow a standard format for their Auditor Certificates. In a circular issued in Mumbai on Tuesday, SEBI said it has observed that the Auditors&apos; certificates filed by the companies are generally in different...

Investor repayment: Sahara submits fresh proposal to SC

The Sahara Group has submitted a fresh proposal to the Supreme Court to pay Sebi by March next year, 20,000 crore rupees, that it has to return to the investors. The court, however, asked Sahara to file it on registry and said that the proposal cannot be given to court across the table.Sahara said i...

Follow standard format for filing auditor's certificates: SEBI to companies

The Securities and Exchange Board of India - SEBI has asked all listed companies to follow a standard format for their Auditor Certificates. In a circular issued in Mumbai on Tuesday, SEBI said it has observed that the Auditors&apos; certificates filed by the companies are generally in different...

US court upholds Rajat Gupta's conviction on insider trading charges

A US court has upheld former Goldman Sachs Director Rajat Gupta&apos;s conviction on insider trading charges. The three-judge bench of the US Court of Appeals for the Second Circuit said in its order that the earlier ruling by the US District Court for the Southern District, convicting 65-year-o...