The comments from the regulator’s chairman Ajay Tyagi come days after Securities and Exchange Board of India (Sebi) banned Karvy, with immediate effect, for selling client stocks pledged with it through associated entities. Continue Reading
Infosys clarified that recent media reports, which claimed that the company is hit by a fresh whistleblower complaint, refer to substantially the same charges made in the plaint that was disclosed by the IT firm last month. Stock exchanges last week had sought clarification from the company over the media reports that suggested the company was ‘hit by another whistleblower complaint against Salil Parekh’. Continue Reading
Extending full support to the new management, Yes Bank’s single-largest shareholder and co-promoter, the late Ashok Kapur’s daughter Shagun Gogia said the issues of governance and transparency are fully dealt with now. Gogia, who was recently inducted to the board of the troubled private sector lender, also said her family was fine with lowering their shareholding below the present 8.33 per cent in case a big investor comes on board at the end of the ongoing capital-raising exercise. Continue Reading
Ever since Punjab and Maharashtra Cooperative Bank (PMC Bank) crisis unfolded, citizens across India are worried by the mounting financial stumbles that have plagued our nation as our economy continues to stumble downward. In this article, News Today compiles a list of major white-collar crimes that rocked our country. Continue Reading