Sebi imposes Rs 58.5 crore penalty on Seya Industries’ top executives for financial fraud and fund diversion

Markets regulator Sebi has imposed a total penalty of Rs 58.5 crore on four senior officials of Seya Industries Ltd, including promoter and Chairperson Ashok Rajani and his son, Amrit Rajani, for allegedly siphoning off funds and falsifying financial statements over multiple years, news agency PTI reported.In its final 122-page order issued Friday, Sebi found […]

Gensol promoters banned from market for fund diversion

MUMBAI: Markets regulator Sebi on Tuesday barred the two promoters of Gensol Engineering, Anmol Singh Jaggi and Puneet Singh Jaggi, from the securities markets until further notice due to fund misappropriation and governance issues.Additionally, both the promoters have been barred from serving as directors or in any key managerial position in Gensol. The regulator also […]

Noida’s Jewar airport to have an edge over Delhi’s IGI? Aviation Ministry asks Delhi CM Rekha Gupta to cut VAT on ATF or risk flight diversion

The new airport at Jewar, Uttar Pradesh, situated near Greater Noida and southeast of Delhi, will serve as the capital’s second aviation hub. (Concept image) Noida’s Jewar Airport to have an edge over Delhi’s IGI airport? The civil aviation minister Rammohan Naidu Kinjarapu has requested Delhi’s new chief minister Rekha Gupta to lower the Value […]