SEBI

The Life Insurance Corporation of India (LIC) has issued an important notice to its customers and policyholders.

The CBI produced Chitra before the court as her seven-day custody expired on Monday.

Last month, the Securities and Exchange Board of India (SEBI) flagging concerns in proposing stricter disclosures, said more and more new-age tech firms which “generally remain loss making for a longer period” were filing for IPOs, and traditional financial disclosures “may not aid investors.”

On February 13, the draft red herring prospectus (DRHP) of the LIC IPO was filed with market regulator SEBI. The government intends to sell up to 316.25 million shares, or nearly 5% of the life insurance giant.

This development comes weeks after the Security and Exchange Board of India (SEBI) alleged that the CEO of the National Stock Exchange shared confidential information about the stock exchange with an 'unknown person.'

The government would sell 316.25 million shares through an offer for sale, according to rough IPO paperwork filed with the Securities and Exchange Board of India. The offer is likely to be cleared by SEBI within a few days, and the IPO process and listing are scheduled to be completed by March 2022.

The discoveries are part of SEBI's final order issued on Friday following an investigation against Ramakrishna, NSE, and four others. The order was made public on Friday and may be found on the market regulator's website.

Set up in 1982. PACL and Pearls Golden Forest Limited raised illegally raised money from the poor on the pretext of sale and developing of agricultural land. For 18 years, the firm managed to brandish false land allotment letters to investors.

The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 notes that there will no ban on Blockchain technology which serves as a ledger to record cryptocurrency deals.

According to people acquainted with the government's thinking, this method would avoid enforcing a total ban. However, the government remained adamant about preventing crypto companies, including exchanges and platforms, from aggressively seeking new investors.

Paytm IPO comprises fresh issues of up to Rs 8,300 crore, offer for sale of up to Rs 8,300 crore.

SEBI has imposed a penalty of Rs 3 lakh on them, which has to be paid jointly and severally.

According to the Forbes Real-Time Billionaires list, Gautam Adani's net worth is now at $62.8 billion. At the start of the week, the wealth total was $77 billion.

The Ambanis were accused of raising promoter stake in RIL in January 2000, on the conversion of warrants issued in 1994, without making an open offer as per SAST rules of 1997.

The Central Bureau of Investigation (CBI) on March 22 conducted raids at six locations in Mumbai, Maharashtra in connection with the Saradha scam case.