VARINDIA IT MAGAZINE

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE As per the order dated 16th August, 2016, it has been acknowledged by the Board of Directors of Ricoh India to SEBI that there has been no siphoning of funds in the company. Does this mean that the much widely publicised mis-information regarding fraud happening in Ricoh India was a mere strategy to get funds infusion from the parent company by by-passing the law and thereby targeting a team of senior management? Seven individuals have been punished for the last six months even when the complainant itself admits that no funds have been siphoned of the company, is it natural justice? However their misery is not going to end before 30th September, 2018 or even later, on prima facie basis. In its order dated 16th August, 2018, SEBI has given strict instructions to Ricoh India Limited and its directors to extend co-operation to the forensic auditors in making available the required documents and clarifications strictly within the ...

The market regulator ( SEBI ) said, it has initiated the probe against various entities in the NSE co-location case, with this it has alleged various lapses in high-frequency trading offered through the National Stock Exchange's co-location facility. We have received the NSE investigation report in the co-location case... have initiated enforcement actions," Sebi Chairman Ajay Tyagi said. In the coming few days, the enforcement actions would be completed against the entities, he added. Tyagi also said that the investigation has nothing to do with the NSE's proposed initial public offer.The regulator was probing allegations that some brokers had unfair access to NSE's high frequency trading systems. In March, the NSE said SEBI had returned its consent application in the case due to the ongoing investigation.... Read More

Infibeam Incorporation Limited has filed a Draft Red Herring Prospectus (DRHP) with SEBI for an initial public offering (IPO) of Equity Shares of Rs.10 each for cash, including a share premium on per Equity basis aggregating up to Rs.4,500 million. The Equity Shares offered through the issue are proposed to be listed on the BSE and the NSE. infibeam logo Infibeam files Draft Red Herring Prospectus with SEBIThe Global Coordinators to the issue are SBI Capital Markets Limited, ICICI Securities Limited and Kotak Mahindra Capital Company Limited and the Book Running Lead Manager to the issue is Elara Capital (India) Private Limited... See more