After ICICI and Wockhardt; M&M, Dr.Reddy's and Pidilite are the latest company names to be dragged in the Congress versus Sebi chief controversy. Here's a technical outlook on these stocks.
Automaker rejects allegations as 'false and misleading', says it didn't seek 'preferential treatment' from regulator
"In this regard, we categorically deny these allegations and state that these allegations are completely baseless and misleading," Wockhardt said in a regulatory filing late Friday
Congress asks why PM Narendra Modi is not acting
Sources said the employees held a meeting with the whole-time members to convey their concerns over the 'distorted picture' painted by Sebi's press release
The opposition party said only an objective, independent inquiry with the Sebi Chairperson Buch stepping aside was needed until then can restore trust and confidence in India's stock markets
Congress spokesperson Pawan Khera on Tuesday issued a statement questioning ICICI Bank's explanation over retirement benefits allegedly received by Sebi Chief Madhabi Puri Buch
Congress leader Pawan Khera also asked why ICICI Bank covered the tax deducted at source for Puri Buch's employee stock ownership plan (Esop)
ICICI Bank stock has gained 31% in the last 9 months, while Zee has crashed 50% thus far in 2024. Both stocks could see a role reversal going ahead provided these levels are taken out, suggest charts.
The clarification came after the country's opposition party alleged that Buch continued to draw a salary from the bank
The opposition party said the Supreme Court should take cognisance of these fresh revelations and demanded that the Securities and Exchange Board of India (Sebi) chairperson should be dismissed
Speaking at a CII event, Sebi chairperson said, "a single filing with the exchange will be a reality very soon"
No payment to her other than retiral benefits, clarifies lender
Puri Buch declined to address the allegations or the questions surrounding her ownership in consultancy firms on the sidelines of the event
Sebi implemented regulations for SM Reits aimed at significantly increasing investor interest
Sebi's whole-time member Ashwani Bhatia expressed satisfaction with progress of SME platform, stating that Rs 14,000 cr has been raised by such entities, with Rs 6,000 cr being raised in FY24 alone
The opposition party said Buch must resign and a full Joint Parliamentary Committee (JPC) investigation must be conducted into the Adani "mega scam"
The episode has raised two issues that must be addressed - first, of stock manipulation and violation of public shareholding norms via offshore funds, and second, disclosure norms for decision makers
The 10-year-old rule of the Congress between 2004 and 2014 was marked by several alleged scams, Prasad noted as he questioned why such critical reports were not brought out then
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