The top boss of a city-based company, involved in collecting deposits from the public by floating potato bonds, has been arrested from Mumbai on charges of money laundering and was Monday sent by a court here to police custody till July 18.
With Indian stock markets reaching dizzying heights on hopes of a strong and stable government after polls, investors have started adding `defensive` stocks to shock-proof their portfolios ahead of election results on May 16.
With Rahul Gandhi targeting her government for inaction on the Saradha ponzi scam, West Bengal Chief Minister Mamata Banerjee today questioned what SEBI was doing and also targeted Union Finance Minister P Chidamabaram.
Coming out in support of ex-SEBI chairman CB Bhave and ex-member KM Abraham, former bureaucrats have questioned the CBI`s "unfortunate action" of registering a preliminary enquiry against them for alleged irregularities in granting sanction to MCX Stock Exchange.
The BJP will oppose government`s reported move to take into possession the gold belonging to some temples in a bid to mitigate the crisis caused by the yellow metal, Subramanian Swamy, former union minister and BJP leader said.
Fearing possible black money flow and terror financing risks from Iran and North Korea into the Indian stock market, SEBI has asked bourses to be cautious in dealings with funds and entities from those countries.
Insurance regulator IRDA, locked in a turf war with capital market watchdog SEBI over regulation of unit-linked policies, has reemphasised that insurers should offer assured life insurance cover with ULIPs