NEW DELHI: Two days after Sebi chief Madhabi Puri Buch failed to turn up at the meeting of PAC, Congress on Saturday said the parliamentary panel had summoned her in the wake of allegations of “conflict of interest” involving her and her family. It accused govt of protecting Buch to avoid the heat on protagonists…
MUMBAI: Finance minister Nirmala Sitharaman said there is a need to delve into facts before attacking the Sebi chief Madhabi Puri Buch on grounds that Caesar’s wife should be above suspicion. “There’s just no way in which all of us can sit around here and talk about this Caesar’s wife business saying ‘No no… regulators…
NEW DELHI: Sebi chief Madhabi Puri Buch and husband Dhaval on Friday issued a strong rebuttal to all the allegations that the Congress party had levelled against them, including charges of conflict of interest. Buchs presented detailed facts behind each of the points raised earlier by the opposition party, including their relationships with four listed…
NEW DELHI: Congress on Friday levelled up its allegations against Sebi chief Madhabi Puri-Buch from ‘conflict of interest’ to that of ‘corruption’, questioning Prime Minister Narendra Modi‘s inaction over the matter. Continuing with his “non-biological” rhetoric, Jairam Ramesh said, “The question really needs to be asked of the non-biological Prime Minister, not of anyone else.As…
MUMBAI: Upending markets regulator Sebi’s stance that all HR-related issues have been resolved amicably, a group of its employees demonstrated within its headquarters at Bandra Kurla Complex in the first half of Thursday. They demanded withdrawal of Sebi’s release of the previous evening and resignation of its chief, Madhabi Puri Buch, sources said.More than 100…
MUMBAI: Sebi chairperson Madhabi Puri Buch on Monday said that soon companies, instead of filing new disclosures with two stock exchanges as is required by the regulator, would be able to file on one and the same will automatically reflect on the other. She also said that the mutual fund industry would soon be able…
NEW DELHI: Congress on Monday demanded the resignation of Sebi chairperson Madhabi Buch and urged the Supreme Court to transfer the Adani probe to CBI or a special investigation team “given the likelihood of Sebi’s compromise”.Reiterating its demand that a Joint Parliamentary Committee (JPC) be convened without delay to investigate the full extent of the…
Adani Group stocks latest news: Following allegations against Sebi chief Madhabi Buch in the Adani vs Hindenburg controversy, shares of Adani Group companies experienced a decline of up to 7% on Monday morning, as many investors opted for a cautious approach. Consequently, investors suffered a loss of approximately Rs 53,000 crore, with the combined market…
NEW DELHI: Hindenburg Research, the firm known for its critical report on the Adani Group, has made allegations against Madhabi Puri Buch, the chief of Securities and Exchange Board of India (Sebi). They claim that she had stakes in “obscure offshore entities used in Adani money siphoning scandal”. This development adds a new layer to…
Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch has underscored the critical importance of stringent Know Your Customer (KYC) procedures in the financial services sector. Talking to media at the launch of India’s first dedicated website for passive mutual funds, she emphasized that the KYC Registration Authority (KRA) system is indispensable for…
