The Supreme Court of India on Friday refused to grant bail to Yes Bank founder Rana Kapoor in a money laundering case. He has been accused of receiving illegal gratification in exchange for.
Dewan Housing Finance Corporation: The order came after Sebi conducted an investigation into the transfer of shares held by DHFL in DHFL Pramerica Life Insurance (erstwhile DLF Pramerica Life Insurance) to its wholly-owned subsidiary DHFL Investments and other related transactions.
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs10 lakh each on Kapil Wadhawan, chairman and managing director (CMD), and his brother Dheeraj Wadhawan, who is a promoter and non-executive director of Dewan Housing Finance Corp Ltd (DHFL) for non-disclosure of their share transactions in DHFL Pramerica Life Insurance Ltd (DPLI).
The Securities and Exchange Board of India (SEBI) has imposed fines of INR2m ($27,441) on two former Dewan Housing Finance Corp promoters for violating disclosure norms. The SEBI imposed a penalty of INR1m each on Kapil Wadhawan and Dheeraj Wadhawan for failing to disclose full details about a transaction involving shares held by the company.
DHFL: Denying bail on medical grounds, the court said Bhosle has been receiving quite good treatment in the hospital as per his wish and according to doctors, he is not suffering from any life threatening disease.