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Join the Securities Litigation and Enforcement Group on LinkedInIndia’s Adani Group Shares Plunge, Extend Rout From Hindenburg Research Report – Bloomberg
The selloff in Gautam Adani’s corporate empire accelerated on Friday, erasing more than $51 billion of market value in two sessions as Asia’s richest man struggles to contain the fallout from a scathing report by US short seller Hindenburg Research. The rout is piling pressure on the Indian tycoon as it erodes his net worth […]
Next Financial Crisis Will Be From Crypto if It’s Not Banned: Indian Central Bank Governor
India’s central bank Governor Shaktikanta Das has predicted that the next financial crisis will come from “private cryptocurrencies” if they are allowed to be regulated and not banned outright. Das was speaking at the Business Standard BFSI Insight Summit on Wednesday. “Our view is that it should be prohibited because if you try to regulate […]
India’s Crypto Taxes May ‘Kill the Industry,’ Binance CEO Says – Bloomberg
Binance Holding Ltd. Chief Executive Officer Zhao “CZ” Changpeng said India’s onerous taxes on cryptocurrency transactions will probably “kill the industry” there. “India has high tax which is probably going to kill the industry,” Zhao said in livestreamed remarks during panel at a fintech conference in Singapore on Thursday. Zhao’s comments add to a litany […]
‘From mother-in-law to behenoi’: How Sebi is battling insider trading – BusinessToday
Speaking at the 49th Foundation Day Lecture of IIM Bangalore, Sebi chairperson Madhabi Puri Buch highlighted the advancements that the regulator has done in terms of harnessing technology and data to prevent or minimise wrongdoings in the securities market. Interestingly, she also highlighted the way violators have evolved following the regulator’s enhanced focus on technology […]
Blockchain Bros Should Beware India’s Crypto Crackdown – WSJ
China has banned cryptocurrencies outright, and the West is looking to regulate them. India is taking a different approach: Tax them to death. One of the world’s most spectacular crackdowns on cryptocurrencies has unfolded in the world’s second-most populous nation over the past several months. If other developing countries in Asia choose to take a […]
The $2.6-billion Rakesh Jhunjhunwala, called the ‘Warren Buffett of India’, has to protect an image that was built over 35 long years
Jhunjhunwala and four of his family members were called in for questioning by the Securities and Exchange Board of India (SEBI) for alleged insider trading in Aptech, a technology education firm where they hold 49% stake since 2005. via The $2.6-billion Rakesh Jhunjhunwala, called the ‘Warren Buffett of India’, has to protect an image that […]
Satyam case: Supreme Court acquits Srini Raju in Satyam Case – The Economic Times
In a major relief to the venture capitalist Srini Raju of Peepul Capital, the Supreme Court on Monday exonerated him in the more than a decade-old fraud at Satyam Computer pertaining to charges of insider trading, possessing price-sensitive information. via Satyam case: Supreme Court acquits Srini Raju in Satyam Case – The Economic Times.
Insider Trading: Sebi order kicks off storm; social media links can’t prove insider trading – The Economic Times
A ruling by markets regulator Securities and Exchange Board of India (Sebi) indicting Rupesh Kantilal Savla and Sujay Ajitkumar for insider trading has laid unusual emphasis on social media contacts, sparking a debate on the ubiquitous digital platforms. via Insider Trading: Sebi order kicks off storm; social media links can’t prove insider trading – The […]
Satyam case: Price Waterhouse gets 2-year ban in Satyam case – The Economic Times
India’s capital market regulator has banned global auditing firm Price Waterhouse (PW) from auditing listed companies in India for two years for its alleged role of collusion with the directors and employees of erstwhile Satyam Computer Services in perpetrating the country’s biggest corporate accounting scandal. via Satyam case: Price Waterhouse gets 2-year ban in Satyam […]
Will Wal-Mart change India? – The FCPA Blog – The FCPA Blog
Of the four BRIC nations, all but one have enacted major anti-corruption reforms in the last several years. When will India step up? And might Wal-Mart help? via Will Wal-Mart change India? – The FCPA Blog