Markets regulator Sebi banned Anil Ambani and 24 entities connected to him from the securities market for five years, levying a Rs 624 crore fine for fund diversion from Reliance Home Finance. Sebi’s investigation revealed the fraudulent scheme involved GPC loans, with the majority of borrowed sums linked to ADAG Group entities.
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Market valuation of 8 of top-10 firms fell by Rs 2 lakh crore, Reliance and TCS lead the decline
Eight out of India’s top-10 most valued companies saw their combined market valuation decrease by Rs 2,01,699.77 crore last week. Reliance Industries and Tata Consultancy […]