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Money managers to the affluent delivered robust returns to investors in the past year, thanks to the buoyancy in the markets. Business Today decodes their strategy - Issue Date: Apr 28, 2024
A penalty of Rs 1 crore has been levied on Krishna Hari G, whereas Raju has been ordered to pay Rs 40 lakhs and Gurazada and Mahesh have been ordered to pay Rs 30 lakhs and Rs 20 lakhs respectively
Sebi bars Karvy Stock Broking, its chairman from market for 7 years
At a press conference on 29th March, Madhavi Puri Buch, chairperson of the Securities and Exchange Board of India (SEBI), made a bold pledge that has gone viral. She declared, “There will not be another Karvy issue in our capital markets... If another Karvy-like instance happens, it will be on our dead bodies...
In its 88-page order, the market regulator found that KSBL was raising funds by pledging clients' securities and by misusing the Power of Attorney granted to it by its clients