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The Securities and Exchange Board of India (SEBI) has debarred Zee Entertainment Enterprises (Zee) promoter and Essel group Chairman Subhash Chandra and Managing Director (MD) and Chief Executive Officer (CEO) Punit Goenka from holding key positions in any listed company for allegedly diverting assets of Essel Group companies.The matter pertains to the Letter of Comfort (LoC) granted by Chandra in September 2018 towards credit facilities taken by certain group companies from YES Bank. The credit amounted to Rs 200 crore.The allegations are that these guarantees were given without approval from the board and were used to siphon off funds by the promoters.
What event did the elected women representatives of Panchayati Raj Institutions participate in at New York on May 3, 2024?
Where will India’s largest tunnel aquarium ‘Aqua Marine Park’ be built?
Which Russian bank has become the first Russian bank to to register with the SEBI as a foreign portfolio investor (FPI) according to the information...
President Draupadi Murmu was recently honored with the highest civilian award of which country?
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How many UPI transactions in volume were recorded in India for the first time in a month i.e. August 2023, according to data released by the National Pa...
To boost corporate governance norms, SEBI has notified rules introducing special rights to unitholders of REITs who can now nominate representatives on ...
