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The Supreme Court on Friday refused to pass any interim direction on the plea filed by Tamil Nadu demanding the release of Cauvery water from Karnataka dams.
After finding Brightcom Group Ltd (BGL), its promoter, chairman and managing director (CMD) M Suresh Kumar Reddy and chief financial officer (CFO) Narayan Raju were involved in round-tripping of BGL's own funds in a circular fashion to falsely portray receipt of consideration from allottees of preferential allotments and siphoning off of proceeds of preferential allotments, Securities and Exchange Board of India (SEBI) barred top executives of the company as well as investor Shankar Sharma from offloading or disposing of their shareholding in the company.
Brightcom Group shares hit the lower circuit of 5 per cent after SEBI barred the company's CMD and CFO from holding directorial positions.Brightcom Group shares are down 4.96 per cent at Rs 22.98 on BSE.In a stock exchange filing, Brightcom ...
In an order, SEBI Wholetime Member Ashwani Bhatia said Brightcom’s CMD and CFO shall cease to hold the position of a director or a Key Managerial Personnel in any listed company or its subsidiaries until further orders.
The government on Tuesday asked the Supreme Court to vacate its November order that restrained environmental release of genetically modified (GM) mustard, saying "the huge policy implications involved deserve early resolution" of the matter as the growing season is fast approaching in September and October.