Similarly, the Act expressly prohibits Ponzi schemes and other unlawful investment schemes, while prescribing stringent jail terms and other sanctions for the promoters of such schemes.

Nagarjuna Fertilizers and Chemicals Limited has said that Amlika Mercantile Private Limited (AMPL), promoters of the company, has sold 25 lakh shares, amounting to 0.418 per cent of the paid up ...

That’s what promoter pledging feels like. In the world of stocks, promoters are the captains of their companies. When they pledge their shares, they offer a piece of their control in exchange ...

The maniac accused of setting a club promoter on fire in Times Square over the weekend has been identified as a food cart operator — who has since fled to Egypt, sources said. The suspect ...

Image: Reuters IndusInd Bank has not sought any fresh capital from its promoters even though it suffered a huge loss in its net worth following an accounting discrepancy, IIHL chairman Ashok ...

Ashok Hinduja, chairman of IndusInd International Holdings Ltd (IIHL), stated that if necessary, the promoters are willing to inject capital into IndusInd Bank. However, at the present time ...

Promoters and founders amassed Rs 5 lakh crore in wealth amid an IPO boom, with 169 public offers on the NSE in FY23-FY24. Banking & financial services led wealth creation, but a steep market ...

The buyers alleged that these promoters made fake documents related to occupancy certificates issued by the Noida authority to cheat buyers NOIDA: Property buyers on Monday demanded their money ...

Bengaluru: Gensol Engineering Ltd's promoters continue to lose ownership as three creditors wrested 6.96% of the pledged shares after the founders could not provide more collateral for the loans ...

Vedanta Ltd promoters plan to retain a controlling stake of over 50 per cent in each of its demerged entities as part of the company’s strategy to establish independent, sector-focused firms, Vedanta ...

Vedanta Ltd's promoters will retain over 50% stake in its demerged entities to create focused companies that can capitalize on opportunities more efficiently. The demerger aims to unlock growth by ...