Social Commerce Platform Meesho Raises $275 Million
In January this year, global investment firm Fidelity had marked down the value of its holding in social commerce platform Meesho, to $3.5 billion.
May 11, 2024, 12:55 PM IST
Walmart Paid $3.5 Bn To Buy Flipkart Shares From Binny Bansal, Tiger Global & Others
Bansal reportedly received about $1-$1.5 billion from his shareholding in Flipkart. Binny, along with Sachin Bansal, exited Flipkart after selling it to Walmart in 2018 for around $16 billion.
Sep 02, 2023, 14:56 PM IST
THESE Indian-origin techies charged in US for insider trading
Seven Indian-origin persons have been charged by US federal authorities with insider trading in a scheme through which they made over a million dollars in illegal profits. Hari Prasad Sure, 34, Lokesh Lagudu, 31 and Chotu Prabhu Tej Pulagam, 29, are friends and worked as software engineers at Twilio, a San Francisco-based cloud computing communications company, the Securities and Exchange Commission.
Mar 29, 2022, 18:40 PM IST
US securities agency denies claims it’s harassing Elon Musk
In 2018, Musk and Tesla each agreed to pay USD 20 million in civil fines over Musk's tweets.
Feb 19, 2022, 10:21 AM IST
Walmart expects to close Flipkart deal by the end of 2018
According to a regulatory filing with Securities and Exchange Commission (SEC), Walmart said the ongoing operations of Flipkart are expected to impact the US company's income negatively.
Jun 05, 2018, 18:00 PM IST
US Senate confirms Donald Trump's pick for SEC Chairman
US Senate has approved President Donald Trump`s choice Jay Clayton to lead the Securities and Exchange Commission.
May 03, 2017, 14:47 PM IST
JPMorgan to pay over $250 mn to settle US government probe of China hiring
JPMorgan Chase & Co will pay more than $250 million to settle allegations by the U.S. government that it had hired children of Chinese decision makers to win business, a source familiar with the matter told Reuters.
Nov 17, 2016, 08:55 AM IST
ExxonMobil, Chevron told to allow investor climate votes
US regulators have told ExxonMobil and Chevron to permit shareholders to vote on resolutions requiring assessments of how climate change policies might affect them, according to documents released Thursday.
Mar 25, 2016, 02:04 AM IST
Cadbury maker Mondelez faces US action for India bribery case
Cadbury said it is contesting show-cause notices by the excise department in India that has demanded from it unpaid taxes and penalties.
Feb 23, 2016, 11:19 AM IST
HSBC under lens for hiring candidates linked to govt officials
The bank did not identify the specific country where such hirings could have been made, but said it is cooperating with the investigation by the US markets regulator SEC (Securities and Exchange Commission).
Feb 22, 2016, 16:52 PM IST
Facebook's COO Sandberg donates $31 million to charity
After Facebook CEO and his wife making a pledge in December to give away 99 percent of their stock over their lifetime, the social networking giant's COO Sheryl Sandberg has decided to donate $31 million in Facebook stock to charity, the media reported on Friday.
Jan 15, 2016, 11:35 AM IST
Dr Reddy's accused of making false claims about financials, shares slump 7%
US-based law firm Lundin Law, which specialises in securities litigations is investigating claims against Dr Reddy's Laboratories for possible violations of federal security laws, which the drug maker has denied.
Nov 19, 2015, 14:30 PM IST
Logitech sets aside $3.25 mn to cover possible SEC penalty
The maker of computer accessories also said it would see an increase of $0.5 million in inventory and accrual for a balance sheet reclassification and a change of $0.3 million in deferred tax assets tied to these changes.
Jun 06, 2015, 21:13 PM IST
SEC probes Bank of America over customer funds: Source
The Securities and Exchange Commission is investigating Bank of America to see whether it broke rules by speculating with its customers` funds, a person close to the matter said Tuesday.
Apr 28, 2015, 22:02 PM IST
SEC charges India-origin person for share sale fraud
US market regulator SEC has charged India-origin Vinay Kumar Nevatia for fraudulent sale of shares to the tune of USD 900,000 by claiming that he owned these stocks.
Dec 03, 2014, 17:16 PM IST
US SEC to pay $30 million-plus in largest whistleblower award
An anonymous tipster living abroad will be receiving more than $30 million.
Sep 23, 2014, 09:29 AM IST
Ex-Goldman director Gupta loses appeal of $13.9 mn fine, heads to prison
A unanimous three-judge panel said on Tuesday that the standard in a criminal context was different from that in a civil case.
Jun 17, 2014, 21:23 PM IST
Gupta approaches apex court in last-ditch effort to avoid jail
Gupta, 65, convicted in 2012 of passing confidential board room information to his friend and business associate Raj Rajaratnam, is scheduled to begin his two-year prison term on June 17.
Jun 11, 2014, 11:37 AM IST
