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Moneylife Digital Team 22 June 2015
SEBI found that Goldmine Agro collected about Rs35.62 crore by issuing NCDs to investors between 2009-10 and 2011-12   Market regulator Securities and Exchange Board of India (SEBI) has barred Goldmine Agro Ltd and its directors from raising money from investors through issuance of...

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Rakesh Nangia  and   Amit Bhalla 18 June 2015
‘Range’ and ‘multiple year data’ are among the best transfer-pricing practices and also closer to economic realities wherein prices, and or margins, are compared to those within a range and not at to a particular point   The introduction of concepts of ‘range’ and ‘multiple year data’...

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Moneylife Digital Team 18 June 2015
Moneylife wrote about VPS Advisory that was promising 20% assured return from stock trading. Taking cognisance of the article, SEBI initiated a probe and after two years, barred the firm from offering PMS and collecting money from investors   Two years after Moneylife wrote about an...

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The Cabinet Committee on Economic Affairs on Wednesday gave its approval for Minimum Support Price (MSP) for crops during this year's kharif season.   The MSPs are based on the recommendations of the Commission for Agricultural Costs and Prices (CACP) and taking into consideration...

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The union cabinet on Wednesday approved the 'Housing for All by 2022' programme for slum rehabilitation in urban areas.   According to Press Information Bureau Director General Frank Noronha, it will focus on promotion of affordable housing for weaker sections.   "Housing for...

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The union cabinet on Wednesday approved a new Bureau of Indian Standards Bill, 2015, which, when implemented, will replace the existing BIS Act, 1986.   "New BIS Bill envisages mandatory certification regime to protect health, safety, environment etc.," Press Information Bureau...

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Will stricter rules by the regulator make any difference?   Insider trading denotes dealing in a company’s securities, by company insiders, on the basis of information which is not publicly known. This is illegal, though prevalent, all over the world. In advanced markets, the...

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In a major verdict, the Supreme court on Monday scrapped the All India Pre Medical Entrance Test (AIPMT) for the year 2015-16 following the leak of its question paper and circulation of their answer keys through electronic devices at different examination centres in 10 states across the...

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The court on Friday issued notice to the Food Safety & Standards Authority of India and other respondents and posted the matter for next hearing June 30   The Bombay High Court on Friday declined any relief to Swiss multinational Nestle, which has sought a judicial review of the...

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The committee, headed by principal secretary, finance, has to do its work by July 31   To facilitate ease of doing business in the capital, the AAP government Thursday set up a committee to junk outdated licences.   "A committee has been set up to review each and every license...

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Will it make our food safer and address real issues?   There is more manufactured hysteria around Maggi noodles than we have ever had when scores of people, including children, have died of poisoning due to adulterated sweets during Diwali, or adulterated liquor. The excess lead in...

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Does SEBI not keep an eye on the arbitration process?   In journalism, it is said that when man bites dog, it is guaranteed to make news. So why isn’t it headline news when a National Stock Exchange (NSE) arbitration panel at Patna (Bihar) awarded a stupendous Rs92 lakh crore to an...

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Moneylife Digital Team 08 June 2015
Without admission or denial of guilt on the part of Emkay  to the  findings  of fact or conclusions  of  law,  Emkay  has remitted  a  sum  of  Rs11,00,800 favouring SEBI  towards the terms of settlement in the matter   Securities and Exchange Board of India (SEBI) initiated...

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The Essar Diaries are a peek into a sordid story of crony capitalism, first leeching off public shareholders and then public sector banks   The Essar diaries, which are part of an affidavit filed by the Centre for Public Interest Litigation (CPIL) in the Supreme Court of India...

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Noting that the Food Safety and Standards Authority of India (FSSAI) has commenced proceedings against Maggi noodles, the Confederation of All India Traders (CAIT) on Sunday demanded action against its brand ambassadors and the officials, too, who approved the product.   In a...

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Food and Civil Suplies Minister Girish Bapat announced the ban after reports of six Maggi samples were received from a Pune testing lab   The Maharashtra government late on Friday banned Nestle's Maggi noodles in the state.   Food and Civil Suplies Minister Girish Bapat...

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The Nestle team was led by its global chief executive Paul Bulcke and Etienne Benet, managing director and chief executive of India operations   India's food safety watchdog on Friday ordered all the nine Maggi noodle variants to be "withdrawn and recalled" by Nestle and stop its...

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Moneylife Digital Team 05 June 2015
A company (NDTV) that was posting losses for past five years and receives a tax demand of Rs450 crore, which is higher than its net worth of Rs365 crore, should have made prompt, voluntary disclosures to exchanges, the SEBI order says   The Securities and Exchange Board of India...

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Gujarat on Thursday banned Maggi, Sunfeast and Hakka noodles brands for 30 days after samples of the snack food failed laboratory tests.   Health Minister Nitin Patel told media persons that 27 out of 39 samples of Maggi noodles were found to contain objectionable levels of lead --...

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Moneylife Digital Team 04 June 2015
Neesa Technology that issued NCDs of Rs1 lakh each with IDBI Trusteeship Services as the debenture trustee, has been restrained by SEBI from raising funds and securities markets till further notice   Market regulator Securities and Exchange Board of India (SEBI) has asked...

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