Tag Archives: Officials

GDR manipulation: Sebi levies Rs 16 cr fine on Sanraa Media, its 6 officials

New Delhi: Regulator Sebi imposed a fine of over Rs 16 crore on Sanraa Media Ltd and its six officials in a matter related to manipulation of global depository receipts (GDRs). The order comes pursuant to an investigation conducted by Sebi in connection with several Indian companies that had issued GDRs in overseas market with the intention of defrauding Indian investors. Sebi found that ... Read More »

Apple Officials Said to Have Met Commerce and Industry Minister Nirmala Sitharaman

Senior officials of the US-based iPhone maker Apple on Tuesday called upon Commerce and Industry Minister Nirmala Sitharaman. The meeting assumes significance as the technology giant is seeking concessions like duty exemptions to set up its manufacturing unit in India. “The meeting lasted for 40 minutes. There were three officials from the company, including the company’s Global Vice President Priya ... Read More »

Two RBI Officials Arrested For Illegal Currency Conversion

Bengaluru: The CBI has arrested two Reserve Bank of India (RBI) officials in Bengaluru allegedly involved in an illegal exchange of nearly Rs. 2 crore in spiked currency notes, officials said on Saturday. A CBI official said a senior special assistant and a special assistant of the RBI’s cash department were held after they were found exchanging scrapped banknotes with ... Read More »

Samsung Executives Meet DGCA Officials Over Galaxy Note Series Ban

Senior executives of Samsung today met officials of aviation regulator DGCA, two days after one of the company’s high-end smartphones caught fire inside an IndiGo aircraft. During the meeting, which lasted for more than an hour, the watchdog sought technical details about Galaxy Note series amid concerns over batteries of some of the devices getting overheated and exploding, sources said. ... Read More »