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The violations done by the Noticees are serious, therefore, should be dealt with sternly by imposing monetary penalty as effective deterrence, stated the Sebi order. ....
Shares of other listed cable companies - R R Kabel, KEI Industries and V-Marc India - also fell 4-5% on Thursday. Polycab, meanwhile, said that it has not received any communication from the tax department. ....
(Bloomberg) India’s cables and wires bellwether Polycab India Ltd. plunged by a record on Thursday as investor concerns over reports of tax evasion compounded.Most Read from BloombergSEC Authorizes Bitcoin-Spot ETFs in Crypto’s BreakthroughAmazon’s Twitch to Cut 500 Employees, About 35% of StaffGoogle Lays Off Hundreds in Hardware, Voice Assistant TeamsSEC Says FBI Is Investigating Compromise of Agency’s X AccountBoeing CEO Fights Back Tears and Admits ‘Our Mistake’ in 737 AddressPolycab, whi ....