Sebi imposes Rs 25 cr penalty on Ambani brothers and others

Mumbai: The Securities and Exchange Board of India(Sebi) has imposed a total penalty of Rs 25 crore on current and former promoters of Reliance Industries Ltd (), including Mukesh Ambani, Anil Ambani, their mother, spouses and children, other family members and entities linked to them for alleged violation of takeover rules. In January 2000, RIL … Read more

Be wary of social media trading tips, European regulator warns

An epic battle is unfolding on Wall Street, with a cast of characters clashing over the fate of GameStop, a struggling chain of video game retail stores. The conflict has sent GameStop on a stomach-churning ride with amateur investors taking on the financial establishment in the mindset of the Occupy Wall Street movement launched a … Read more

Ant Group’s IPO won’t happen for at least six months after regulatory hurdles, China ETF issuer says

Ant’s in the hole. The suspension of Ant Group’s much-anticipated initial public offering — rumored to be the biggest of all time — came as a surprise to global investors earlier this month, but there’s more to the story than meets the eye, Brendan Ahern, chief investment officer of KraneShares, told CNBC”s “ETF Edge” on … Read more