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Toxic work culture is not accepted not only at a regulatory organisation but in any organization.
It is even more important when such charges arise at a regulatory institution. Sebi is the guardian of Indian investors in the securities market. It cannot operate in the shadow of accusations and mistrust. It is extremely important for Sebi to clean up its house and restore confidence among its own employees and investors.
Earlier, Congress leader Pawan Khera on Monday raised serious concerns about Buch. In a press conference, Khera accused Buch of receiving remuneration not only from the government but also from private entities, including ICICI Bank and ICICI Prudential, while serving in her official capacity, marking this as a serious conflict of interest.
Sebi’s refusal, in embracing an independent investigation and ask the Sebi chief to step aside during the period of the probe, sets a bad precedent. It raises serious questions on the very credibility of the regulator.
Business journalism has become a glorified version of public relation service for companies—much of the media is owned by companies and is run for companies and their interests The list of ‘Don’ts’ is far bigger than ‘Dos’ for journos. Let’s call it journalism of convenience.
Locally, food prices remain tricky. Hence, the central bank will continue on a wait and watch mode till end of this year before it gets convicing signals on a sustainable easing in inflation numbers.
An impartial investigation is must into the charges raised by Hindenburg, particularly the ownership of offshore funds, Buch’s ownership of advisory business and whether the company has benefitted from Sebi’s policies under Buch etc, is must.
The six-member monetary policy committee (MPC) led by the Reserve Bank of India (RBI) is likely to hold interest rates steady for the ninth consecutive policy review today. The central bank, which…
State-run Punjab National Bank (PNB) charged Rs 633 crores in financial year 2023-2024 from customers as penalty for non-maintenance of minimum balance in savings accounts, according to data submitted by the Government…
On 10 July, BizNewsweek exclusively reported that the Union Finance minister Nirmala Sitharaman is unlikely to take up bank privatisation in the Budget 2024-25, according to highly placed sources in the government.
Ahead of every Union Budget, there are expectations of some sort of relief for the common man in terms of tax reliefs and welfare measures. Investors too typically look for positive cues…