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A bench headed by Justive SB Sinha also sentenced Ashwin and Sudhir Mehta to rigorous imprisonment (RI) for one month and a fine of Rs100,000, each.
While the SC upheld 6 months RI sentence and...
Foreign institutional investors (FIIs) were allowed to invest in India since 1993. In 2005, Indians were allowed to invest large sums overseas. Global investing may seem new but it is not. Before the Russian revolution, you could hear French investors discuss their Russian bond investments in Paris. Barings, an aristocratic British investment bank, was a big investor in Argentina. Jamshedji...
ML View: This could have been straight out of the speeches of the previous three SEBI...
