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Akshata Kamath
Akshata KamathSep 23, 2022 | 18:20

Rishi Agarwal, the chief of ABG Shipyard was arrested recently. After his arrest, assets worth Rs 2,700 crore of the company were frozen by the Enforcement Directorate (ED). Here's how the drama of India's biggest banking fraud has unraveled over the years.

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Akshata Kamath
Akshata KamathSep 23, 2022 | 13:14

The RBI has cancelled the licence of Maharashtra-based The Laxmi Co-operative Bank Ltd with effect from September 22, 2022, because the bank had inadequate capital to run its affairs, did not have enough earning prospects and continuing the bank's operations would have affected public interest adversely.

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Akshata Kamath
Akshata KamathSep 23, 2022 | 08:00

The Golden Parachute clause helps a CEO (or any top leader of a company) sail through the balance period of his tenure, in case he is terminated before his term ends. Though this practice is now called unethical by some, it came into place to protect to protect CEOs and investors from hostile takeovers.

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Akshata Kamath
Akshata KamathSep 22, 2022 | 15:06

If you are looking to make some passive income in the month of October, 3 listed Indian companies will be distributing a good amount of money as dividends while 2 will be giving bonus issues. This includes Maharashtra Scooters, Taal Enterprises, Accelya Solutions, Insecticides India and Ruchira Papers.

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Akshata Kamath
Akshata KamathSep 21, 2022 | 09:00

A few years after FM Nirmala Sitharaman first floated the concept of Social Stock Exchanges (SSE) in the country, SEBI has brought out the minimum requirements in terms of registration and disclosures that social enterprises have to follow to get listed on the SSE.

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Akshata Kamath
Akshata KamathSep 20, 2022 | 14:09

Go Digit filed its Draft Red Herring Prospectus with SEBI in August 2022 to raise about Rs 1,250 crore by issuing fresh shares. But India's capital market regulator SEBI has put the IPO application in “abeyance” (ie kept on hold), thereby pausing the online insurance company's plans of going public.

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Akshata Kamath
Akshata KamathSep 20, 2022 | 13:11

The Maharashtra FDA has cancelled the production license of Johnson & Johnson's in Mumbai and ordered it to recall its stock from the market. The serious steps come as a result of the FDA's sample tests that were conducted in 2018 and 2019, which found that the talc-based baby powder has a pH value above the mandated levels.

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Vivek Mishra
Vivek MishraSep 20, 2022 | 12:47

Days after the ED raided locations in Bengaluru in the Chinese loan apps case, India has put pressure on Google to help curb illegal lending apps. Google has been asked by the Indian government and the RBI to introduce more stringent checks to help curb the use of illegal digital lending applications in the country.

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Akshata Kamath
Akshata KamathSep 19, 2022 | 16:23

After withdrawing its initial draft red herring prospectus in April 2022, Inox Green Energy Services has received SEBI approval on its second draft red herring prospectus. Inox Green now plans to come out with its Initial Public Offering (IPO) by October 2022 and raise Rs 740 crore to fund its expansion plans.

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Akshata Kamath
Akshata KamathSep 19, 2022 | 13:37

In an industry-first for both Apple and Blinkit, the quick e-commerce platform Blinkit will now deliver Apple products directly to your home in minutes, just like it delivers groceries. This service will start only in Mumbai and Delhi for now.

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