The Securities and Exchange Board of India (SEBI) has imposed fines on 15 entities after they allegedly made a profit of ₹2.09 crore through stock manipulation. The entities were found guilty of sending bulk SMSes disguised as stock tips from ICICI Securities. The fines, ranging between ₹5-8 lakh, were levied on Friday. According to SEBI, …
The Central Bureau of Investigation (CBI) has registered a case against 21 officials of Bharat Sanchar Nigam Limited (BSNL) for allegedly cheating the government-run telecom company out of ₹22 crore. The CBI conducted searches at 25 locations across multiple states as part of the investigation. According to officials, a contractor colluded with BSNL officials to …
During a meeting with Moody’s, India advocated for a sovereign rating upgrade and raised concerns about the criteria used by the rating agency to assign ratings. Following the meeting, an official expressed optimism, stating that Moody’s acknowledged the positive aspects of the Indian economy, and the country is hopeful for a rating upgrade. A higher …
According to reports, American chipmaker Micron Technology is nearing a deal to invest between $1 billion and $2 billion in establishing a semiconductor packaging factory in India. The agreement is expected to be announced during Indian Prime Minister Narendra Modi’s upcoming visit to the United States. This investment in India follows Micron’s recent commitment to …
The Karnataka High Court has issued a stern warning to Facebook, one of the world’s largest social media platforms, urging the company to cooperate fully or face the possibility of being shut down in India. The court’s warning comes amidst an ongoing legal dispute between Facebook and the Indian government over issues related to data …