“We are exploring all the legal recourses,” a source from Infinite India told VCCircle.
 
Private equity fund Infinite India Investment Management may take Maytas Properties to court. “We are exploring all the legal recourses,” a source from Infinite India told VCCircle.
 
In February last year, real estate fund Infinite India, had invested Rs 600 Cr in Maytas [...]

In a move to protect the interest of investors, the Securities and Exchange Board of India (Sebi) has asked a high-level committee to suggest guidelines for the power of attorney (PoA) that investors issue in favour of their brokers. The agreements that are signed between brokers and investors are also up for review.
The committee consists [...]

The Securities and Exchange Board of India (SEBI) and the Serious Fraud Investigation Office (SFIO) could not get access to the former bosses of Satyam Computer Services, B. Ramalinga Raju, his brother Rama Raju and Srinivas Vadlamani, by a court here on Friday on technical grounds.
The Sixth Additional Chief Metropolitan Magistrate D. Ramakrishna rejected the [...]

When India’s Oil and Natural Gas Corporation pulled off its most successful overseas deal on last week of August, the takeover of UK-listed Imperial Energy whose assets were mainly in Russia, Economic Times business daily wrote light-heartedly that it was a return to the “Great Game”.
The analogy was appropriate but for one crucial omission – [...]

NSDL which is a securities depository holding more than 80% of the dematerialised securities in India has established a Central Recordkeeping Agency (CRA) for the New Pension System (NPS) on behalf of the Pension Fund Regulatory and Development Authority (PFRDA). Honourable Union Finance Minister Shri P. Chidambaram launched this system today, August 29, 2008 in [...]

Japan Securities Depository Center, Inc. (JASDEC) of Tokyo has signed a Memorandum of Understanding (MOU) with National Securities Depository Limited (NSDL), designed to build a cooperative relationship.
Under the terms of the MOU, JASDEC and NSDL will establish a mechanism, whereby board members, senior management and staff of both sides could meet on a regular basis [...]