SEBI Imposes One-Year Market Ban on Zee’s Subhash Chandra and Punit Goenka Over Alleged Fund Diversion
SEBI has banned Zee's Subhash Chandra and Punit Goenka from the market for one year, citing fraudulent pledging of company land for personal loans. The regulator also imposed fines, emphasizing strict action against misuse of corporate assets and breach…
NSE Seals Landmark Rs 1,491 Crore Settlement with Sebi, Paving Way for IPO
India's National Stock Exchange has settled long-standing co-location and dark-fibre regulatory cases with Sebi for Rs 1,491 crore. This significant resolution clears the major hurdle for the NSE's much-anticipated initial public offering, reinforcing…
Delhi High Court Orders Winding Up of Paytm Payments Bank Following RBI License Revocation
The Delhi High Court has ordered the winding up of Paytm Payments Bank, following the RBI's revocation of its license due to operational and management concerns. Girikumar M Nair has been appointed as the official liquidator for the process.
HDFC Bank Board Takes Decisive Action: MD and CFO Penalized for MSRDC Deposit Arrangements
HDFC Bank's board has penalized its MD and CFO over deposit arrangements with MSRDC, citing 'business overreach' but no personal gain. This move reflects heightened corporate governance scrutiny, aligning with RBI's push for greater accountability in the…