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Sebi had alleged that Chandra was trying to stop the investigation because he did not respond to the 12 January summons.Chandra argued that Sebi's summons contained allegations couched in a language that implied he was guilty and requested the court to declare the summons invalid and unlawful.He alleged that the summons were biased, unfair, arbitrary and predetermined.Senior counsel Ravi Kadam, appearing for Chandra, stated that the documents called for in the annexed summons will be made available in four weeks.The bench disposed of the matter on Wednesday.In January, Sebi issued multiple summons against Chandra in its investigation pertaining to the alleged fund diversion case. However, Sebi said that Chandra did not respond to those summonses."From a fair reading of the summons, it is apparent that Sebi has already predetermined the petitioner as guilty at the investigation stage itself, without following due process, principles of natural justice, ongoing investigation is nothing but a sham and a formality," the petition by Chandra said.Separately, Janak Dwarkadas, senior counsel representing Zee informed the court that the regulator had issued similar summons to the company.

Stock market today: MIC Electronics shares, a prominent multibagger stock, have shown significant growth in the Indian stock market. The small-cap stock with a market cap of ₹1,651 crore has risen from around ₹23.25 to ₹74.60 per share in one year, recording over 220 percent rally in this period.

Narendra Modi and Congress leader Rahul Gandhi made a polite handshake following the election of NDA's candidate Om Birla as the Lok Sabha speaker. The two leaders accompanied Birla to the Speaker's chair. That's because Rahul Gandhi now holds a constitutional position which is opposite to PM Modi's. While PM Modi has been elected the leader of the house in the Lok Sabha, Rahul has become the leader of the opposition. Though Rahul has been seen as the main opponent of PM Modi for long, he was never acknowledged formally as the topmost leader of the opposition. The INDIA bloc of opposition parties led by the Congress did not choose its prime-ministerial candidate ostensibly due to the presence in the opposition bloc of more senior leaders than Rahul such as Sharad Pawar and Mamata Banerjee. But now, since the Congress has emerged as the biggest opposition party by winning 99 seats, a big improvement over its 2019 tally of 52, the opposition has to accept Rahul as its tallest leader.

Taratala factory in Kolkata last week, and speculation is now rife that the biscuit-maker may fully exit West Bengal.The FMCG major on June 20 informed the exchanges that all permanent workers at its Taratala factory in Kolkata accepted a voluntary retirement scheme (VRS), leading to whispers of a possible shutdown of one of the company’s oldest units in India.On social media and in media reports, the Britannia news has led to comparisons with the departure of Bata and Tata Nano from the eastern Indian state.However, Amit Mitra, special advisor to the Chief Minister of West Bengal on finance, on June 25 told reporters that Varun Berry, MD of Britannia Industries has assured him the company is committed to stay and will maintain its registered office in Kolkata, PTI reported.“It's registered office will stay in Kolkata. The shareholders meeting will continue to be in Kolkata.

Mint. The strategic move is part of India's broader effort to diversify its trade partnerships and reduce its dependency on traditional markets. The scope of India's trade ties with New Zealand and South Africa, which is a key constituent of the South African Customs Union (SACU), is huge as India already shares robust trade relationships with both the countries.

Losing a job is a challenging experience especially when you are mostly dependent on your salary for paying your home loan, car loan and other expenses on regular basis. However, with prudent financial management, you can overcome this difficult period smoothly.

Transaction banking, also known as transactional banking, is a comprehensive suite of services offered by financial institutions to streamline business transactions and cash flow management. These services broadly fall under three verticals — security, cash handling, and international trade.

Quant Mutual Fund, one of India’s oldest and fastest growing asset management firms, is facing a probe by capital market watchdog SEBI in an alleged front-running case. Front-running is an illegal practice in which fund managers and dealers place orders based on prior information of upcoming large trades and earn profit from the price movement on eventual trade execution.

Heathrow Airport plunged into chaos Tuesday night due to an IT allocation failure in British Airways' systems, stranding passengers on planes and causing significant delays in luggage collection. The disruption led to hours-long delays for travelers attempting to retrieve their baggage. According to a Daily Mail report, the failure affected numerous flights, leaving passengers stuck on aircraft for extended periods. Many travelers were unable to disembark or collect their luggage, resulting in widespread frustration and anxiety about their onward journeys. This incident underscores the vulnerability of modern air travel infrastructure to technological failures. British Airways is working to resolve the issues and assist affected passengers, but the delays have drawn significant criticism from travelers who described the scene at Heathrow as chaotic and disorganized.

Information Technology) segment. Historically, the majority of India’s IT service importers include North America and Europe, but there has been a lot of interest and potential coming from Asia, Africa, and Latin America, says experts. Register for the ET MSME Day 2024 here

Security forces were put on high alert after a villager claimed to have spotted two suspicious armed men in Punjab's Pathankot, officials said on Wednesday. The Punjab Police, along with the Army and the Border Security Force (BSF), launched a massive search operation in Pathankot, a senior Punjab Police officer said. The search operation was being carried out in the Bamial area, the officer said. «We are on alert,» Deputy Inspector General (Border Range, Amritsar), Rakesh Kaushal, told PTI.

Infosys has been hit by another lawsuit over a cyberattack on US subsidiary Infosys McCamish Systems (IMS) in November last year. Kelly Collins, the plaintiff, filed the case in May in the US District Court for the Northern District of Georgia, as per a court document seen by ET. Infosys had disclosed the cybersecurity incident at IMS on November 3, 2023. On March 6, a class action complaint was filed against IMS by another individual, John McNally.

Mazagon Dock Shipbuilders surged 6.5% today in early trade to a fresh 52-week high of Rs 4,269.75 on BSE as the company announced that it has been granted 'Navratna' status. “This is to inform that Department of Public Enterprises (DPE) vide its letter dated 25" June 2024 has approved the proposal for grant of Navratna status to Mazagon Dock Shipbuilders Limited,” the company informed the stock exchanges.

ITR filing lessons for first-time taxpayers: It's income tax filing season. Salaried individuals should have received their Form-16 from employers by now and can begin filing their income tax returns (ITRs).

Japan issued an emergency alert following a suspected ballistic missile strike by North Korea on Tuesday (local time). The information was given by the Japan Prime Minister's Office on social media platform X. Minutes later, the Japan PMO said the emergency alert was being lifted as the 'suspected ballistic missile' from North Korea was not expected to reach Japan.

WikiLeaks founder Julian Assange has pleaded guilty to obtaining and publishing U.S. military secrets in a deal with Justice Department prosecutors that secures his liberty and concludes a drawn-out legal saga that raised divisive questions about press freedom and national security. The plea was entered Wednesday morning in federal court in Saipan, the capital of the Northern Mariana Islands, an American commonwealth in the Pacific that is relatively close to Assange's native Australia and that accommodated his desire to avoid setting foot inside the continental United States.

WikiLeaks founder Julian Assange was freed by a court on the U.S. Pacific island territory of Saipan on Wednesday after pleading guilty to violating U.S. espionage law, in a deal that will see him return home to Australia. During the three hour hearing, Assange pled guilty to one criminal count of conspiring to obtain and disclose classified U.S. national defence documents but said he had believed the Constitution's First Amendment, which protects free speech, shielded his activities.

WikiLeaks founder Julian Assange is finally a free man. He walked out on bail from a UK jail after reaching a plea deal that will have him plead guilty in a US court on a single charge of conspiring to obtain and disclose national security secrets, in lieu of relief on other counts. He won’t have to face further jail time in the US, as he has already served longer than what the punishment entails.

Anil Agarwal's Vedanta Resources is likely to sell a minority stake in Vedanta Ltd this week through block deals, people aware of the development said. The promoter group is likely to sell a stake of about 2.5%, or 90 million shares, to raise ₹4,000 crore through the transactions, said one of the persons. The sale is likely to happen at a discount of around 8-10%, one of the persons said. It will help Vedanta Resources repay debt due for payment in the next few months, one of them said.

German police authorities after they allegedly blackmailed and tried to extort Formula One legend Michael Schumacher's family by claiming that they had some secret files on the F1 driver from his prime, which could expose him and tarnish his reputation, once the files are placed on the dark web, says The Sun's report. The suspects were caught and taken into custody on June 19 and the interrogation is currently in progress. Apparently, family employees who were close to wife Corinna Schumacher were approached by the father-son pair who claimed to expose the F1 driver and his 'secrets'.

Jude Bellingham, a young Real Madrid star, already tipped that his teammate and Turkey national team player, Arda Guler, would become a bigger talent than him. Even before Guler became the synonym of sensation at the Euro 2024, this interesting revelation is now being remembers by footballing geek, who are admiring Bellingham's eye for talent.