Sebi announced its verdict on the dairy scheme utilized by HBN Dairies and Allied Ltd. Sebi made its move today to prevent an investment scheme involving public funds collection that were used to purchase cattle.
Legal & Regulatory
Financial benchmark reform might fall short on implementation
A global blueprint that was supposed to eradicate manipulation of benchmarks was expected to stumble due to patchy implementation.
Risk council designates AIG and GE Capital as systematically important
The Financial Stability Oversight Council designated American International Group and GE Capital as systemically important to the financial system.
India reviews preferential policy for local electronic goods
Last Monday, the Indian government said that it would give preference over locally made electronics goods for procurement in the government and private sector.
SAC exec's lawyers: trial might be biased due to media coverage
According to Michael Steinberg's lawyers, his trial might be biased due to the wall-to-wall media coverage.
Latest News
The Competition Commission of India (CCI) said that it would approve the proposed Jet-Etihad deal provided that the two carriers supply it with enough information.
India’s government held a meeting today with as many as eight banks as it weighed its options to sell the country’s debt abroad.
The FTC reviewed Tenet's acquisition of Emanuel Medical Center. The Federal Trade Commission (FTC) was reviewing the acquisition of Emanuel Medical Center by Tenet Healthcare.
Today, ADM was notified of an approved clearance by the South African Competition for its proposed acquisition of GrainCorp Limited.
US senators have announced a plan to reintroduce Glass-Steagall Act. U. S. Senator Elizabeth Warren, a Massachusetts Democrat, reported she and a team of lawmakers are introducing a bill geared at a revived Glass-Steagall Act.
C. Larry Pope said that there would not be any change in management following the US$4.7 billion takeover deal of Smithfield Foods Inc by Shuanghui International.
The US Securities and Exchange Commission, hoping for increased investor mobility, voted for the implementation of the JOBS Act.
Kenya announced places to create sovereign wealth fund for mining companies and mining ventures. Kenya announced it will form a state-owned holdings firm that will hold shares in the mining industry.
On Wednesday, US Senators questioned the head of Smithfield Foods Inc as they looked for answers over the proposed sale of the company to China’s Shuanghui International.
