Dish TV India, its promoters settle cases of alleged disclosure lapses with Sebi
Direct Media Distribution Ventures Pvt Ltd (DMDVPL) and World Crest Advisors LLP (WCA) paid settlement amounts of Rs 29.08 lakh and Rs 7.70 lakh, respectively while Dish TV India Ltd (DTIL) paid an amount of Rs 8.20 lakh, as per three separate orders.
SEBI
PTI
Dish TV India and its promoters Direct Media Distribution Ventures Pvt Ltd and World Crest Advisors LLP on Wednesday settled with Sebi cases of alleged disclosure lapses after paying nearly Rs 45 lakh as settlement charges.
Direct Media Distribution Ventures Pvt Ltd (DMDVPL) and World Crest Advisors LLP (WCA) paid settlement amounts of Rs 29.08 lakh and Rs 7.70 lakh, respectively while Dish TV India Ltd (DTIL) paid an amount of Rs 8.20 lakh, as per three separate orders.
CDSL crosses milestone of 3 crore demat accounts ANI | Updated: Feb 13, 2021 10:49 IST
Mumbai (Maharashtra) [India], Feb 13 (ANI): Central Depository Services Ltd (CDSL) has become the first depository in the country to open over three crore active demat accounts.
The depository facilitates holding and transacting in securities electronically and facilitates settlement of trades on stock exchanges.
Of the new accounts, about 98.4 per cent come from retail investors and with an outreach of 97 per cent pin-codes, CDSL said in a statement on Saturday.
CDSL demat accounts crossed the one crore mark in August 2015, two crore mark in January 2020 and three crore mark last month.
Future Retail has warned that failure to close the deal could lead to the company s liquidation
Future Group expects swift regulatory approval of its $3.4 billion deal to sell its retail assets, its chief executive said, even as its warring business partner Amazon.com Inc intensifies efforts to block the deal. Future and Amazon are at loggerheads over the Indian group s August deal with Reliance Industries. The US giant alleges the deal breached some of its pre-existing contracts with Future.
A New Delhi court in December dismissed Future s request to restrain Amazon s repeated attempts to get authorities to stall the deal. But the judge left the fate of the transaction with the regulators.
Govt vows free vaccine for all
The Securities and Exchange Board of India (SEBI) has slapped Rs.15 crores on Reliance Industries Limited (RIL) Chairman Mukesh Ambani for alleged manipulative trading in shares of Reliance petroleum limited in 2007. The market regulator has also fined RIL Rs. 25 crores in the same case with a similar charge. SEBI has also levied fines of Rs 20 crore on Navi Mumbai SEZ and Rs 10 crore on Mumbai SEZ in along with Mukesh Ambani and RIL.
What is the issue?
As per a report in The Financial Express, the SEBI investigation related to the trading in the Reliance Petroleum Limited (RPL) scrip that was merged with RIL in 2009. In March 2007, the Board of RIL approved the operating plan for the year 2007-08 and capital requirements for the next two years, approximately Rs. 87,000 crore, among other items. RIL later agreed to sell about 5 percent of its RPL shareholding.