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Sebi on Friday said it will auction properties of Arise Bhoomi Developers and its directors on August 26 for a reserve price of Rs 52.28 crore.The move is a part of Sebi’s effort to recover investors’ money. Arise Bhoomi Developers had mobilised over Rs 8 crore during 2013-14 from the public in the name of ‘purchase of agricultural land’ through its various investment schemes, promising them an expected sum at the end of the contract. Read More

WTI crude oil futures fell for the second consecutive week, down more than 6% and closed at $97.6 per bbl, as prospects of demand sapping lockdowns in China and recession fears in the US outweighed tight supplies. US gasoline demand, the major demand sector for crude oil, tumbled last week to 8.06 million barrels a day, the lowest seasonally since 1996. However, oil prices pared early losses and bounced back from a four-month low, as Read More

Capital markets regulator Sebi on Thursday invited applications for as many as 24 senior-level executives in the information technology department. The recruitment drive would beef up the headcount at the Securities and Exchange Board of India (Sebi) for faster and more effective execution of its regulatory role. While inviting applications, Sebi has cautioned candidates against falling prey to any unscrupulous elements who may try to deceive them by false promises of securing jobs in the Read More

Agro-chemical firm GSP Crop Science Pvt Lt is looking to launch a Rs 500-crore IPO (Initial Public Offering) by next year, according to its managing director Bhavesh Shah. The company, which needs funds for expansion of its business operation, plans to soon file a draft red herring prospectus with capital markets regulator Sebi, he said. Established in 1985, Ahmedabad-based GSP Crop Science manufactures technical grade ingredients and formulates insecticides, fungicides and herbicides, intermediates, biopesticides, seed-treatment Read More

Yes Bank will seek shareholders’ approval next month to raise debt capital of Rs 10,000 crore through various modes on private placement basis. The bank’s annual general meeting is scheduled for July 15, 2022. “For enabling the bank to evaluate a potential fund raising at an appropriate time, the board of directors seek approval from members of the bank for borrowing/raising funds in Indian/foreign currency by issue of debt securities up to Rs 10,000 crore,” Read More