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Satyam Scam: SEBI Asks Ramalinga Raju, Other Promoters To Disgorge Rs1,747 Crore, Including Interest

Market regulator Securities and Exchange Board of India (SEBI) has asked six entities, including former promoters of Satyam Computer Services Ltd (Satyam), to disgorge unlawful gains of Rs624 crore with an interest of 12%pa (per annum) for about 15 years, taking the total amount to over Rs1,747 crore.
Andhra Pradesh Tamil Nadu B Suryanrayana Raju Suryanarayana Raju Vadlamani Srinivas B Rama Raju

Govt mulls allowing FDI in Life Insurance Corporation of India ahead of IPO

The government is considering allowing foreign direct investment (FDI) in Life Insurance Corporation of India (LIC) ahead of the mega initial public offering (IPO). The move will enable overseas investors to buy stakes in the government-owned insurance company.
Capital Advisors Ltd Axis Bank Department Of Investment Life Insurance Corporation Of India Bank Ltd Securities India Ltd

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