File photo: Ola co-founder Bhavish Aggarwal (Picture credit: Reuters) The Securities and Exchange Board of India (SEBI has issued a stern warning to Ola Electric Mobility Limited for violating disclosure norms by announcing expansion plans on social media before informing stock exchanges.SEBI sent an administrative warning letter to the electric vehicle manufacturer on January 7,…
Digilocker, operated by the government, serves as a digital repository where Indian citizens can store their documents. Digilocker down! Customer verification for stockbrokers has been severely disrupted since January 1, as Digilocker, a crucial platform for identity verification, has been non-operational, according to three sources familiar with the matter on Thursday.Digilocker, operated by the government,…
LG Electronics India Ltd, the Indian subsidiary of South Korea’s LG Electronics Inc, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The public issue, entirely an offer for sale (OFS), involves the sale of 10.18 crore equity shares by the promoter, LG Electronics Inc,…
The Securities and Exchange Board of India (Sebi) has taken action against Anil Ambani and 24 other entities, including former key officials of Reliance Home Finance (RHFL), for their involvement in the diversion of funds from the company. Ambani has been barred from the securities market for five years and fined Rs 25 crore, according…
NEW DELHI: The Securities and Exchange Board of India (Sebi)on Friday banned fugitive businessman Vijay Mallya from trading in securities market and being associated with any listed company for a period of three years. The decision was made in connection with the channeling of funds to the Indian securities market through overseas bank accounts with…
Bhavish Aggarwal, the founder of Ola Electric, has reportedly informed a select group of employees about Sebi’s approval. Ola Electric IPO news: Ola Electric, a prominent EV startup based in Bengaluru, has received approval from the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO), according to individuals familiar with the…
