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EVM issue: HC sends notices to SEC, winning candidates

After last week's order of the high court six more election petitions were filed there seeking the sealing and investigation of the EVMs of six more constituencies.

SEC announces Odisha Panchayat Polls schedule

SEC announces Odisha Panchayat Polls schedule

The elections will be conducted in five phases in 852 Zilla Parishad zones of 314 blocks, SEC Secretary Rabindra Sahu said.

Local bodies' poll: Sway of independents in Unjha municipality

Unjha, known for its spices, had been a BJP stronghold for the last two decades.

One lakh voters 'deleted' in Ahmedabad by SEC: Guj Cong

To substantiate their claims, Congress issued two official documents of SEC, having total number of voters in Ahmedabad before and after the voting.

SEC deleted voters' names at behest of Guj govt, alleges Cong

Congress called for a thorough probe into the alleged "removal" of voters' names from electoral list.

China's Weibo to invest $142 mn in taxi-hailing apps: SEC filing

Chinese microblog Weibo Corp will invest $142 million in China`s dominant taxi-hailing firms Didi Taxi and Kuaidi Taxi, a U.S. Securities and Exchange Commission filing showed.

Indian entrepreneur charged with fraud in US

The complaint alleges that Ahmed transferred approximately USD 27.5 million in illegal profits to accounts under his control at the expense of investors.

Sebi seeks help from SEC in Factorial probe

In its probe against foreign hedge fund Factorial in an insider trading case, regulator Sebi has sought help from its US counterpart SEC as trading terminal provider Bloomberg has refused to share information.

Indian entrepreneurs charged with insider trading in US

Two Indian-origin entrepreneurs have been charged by US authorities with insider trading for making over a million dollars in illegal profits through the proposed acquisition of Cooper Tire and Rubber by India's Apollo Tyres.

Morgan Stanley to pay $2.6 bn to settle mortgage disputes

US financial firm Morgan Stanley has announced that it has entered into an agreement with the authorities to pay $2.6 billion to close legal claims related to mortgage securities that collapsed during the last financial crisis.

SEC charges India-origin person for share sale fraud

US market regulator SEC has charged India-origin Vinay Kumar Nevatia for fraudulent sale of shares to the tune of USD 900,000 by claiming that he owned these stocks.

HSBC unit fined $12.5 mn for unregistered US services

A Swiss unit of British bank HSBC has agreed to pay $12.5 million for flouting US rules requiring registration of cross-border brokerage services, the Securities and Exchange Commission announced Tuesday.

New York Stock Exchange to pay $4.5 million to settle SEC charges

The New York Stock Exchange agreed on Thursday to pay USD 4.5 million to settle charges brought by U.S. securities regulators that the exchange flouted its own rules, marking the latest crackdown on violations of market structure rules.

KPMG to pay $8.2 million to settle SEC charges

KPMG has reportedly agreed to pay a whopping 8.2 million dollars to settle SEC charges.

Martoma cannot use testimony from SAC's Cohen at trial-judge

Former SAC Capital Advisors portfolio manager Mathew Martoma cannot introduce excerpts from a deposition of his former boss, billionaire Steven A. Cohen, in his defense against criminal insider trading charges, a Manhattan federal judge ruled.

Facebook expects to raise $1.48 bn from follow-on offering

Social networking giant Facebook expects to raise about USD 1.48 billion from its underwritten registered public offering of 70 million shares at USD 55.05 per share.

Twitter boosts IPO range amid strong investor demand

Amid a red-hot market for initial public offerings and soaring equity markets, Twitter raised its price range to $23 to $25 per share on Monday, but kept the offering size at 70 million shares. That means it will raise up to $2 billion if an overallotment option of 10.5 million shares is exercised.

India asks IBM to pay $866 million in outstanding tax: Reports

Indian tax authorities have asked IBM`s local unit to pay Rs 53.57 billion in outstanding income tax on fiscal 2009 revenue, media reported on Saturday.

Twitter likely to go public on November 15

The much anticipated initial public offer by microblogging site Twitter is likely to hit the US stock market on November 15, claims a research report.

Bank of America may face civil charges over financial crisis

Bank of America may face civil charges over its actions during the financial crisis related to its mortgage products, the bank said in a filing to a US regulatory agency.