WebinarsNew
Deep DiveNew
Explore Business Standard
US SEC
US Secretary of State Marco Rubio on Wednesday refused to comment on the recent protests against the Election Commission, terming it an "internal political matter." Rubio was also dismissive of the reference to UN experts' criticism of the protests. "The UN experts are the oxymoron," said Rubio, who is currently in India on an official visit. "It's a domestic political matter.I'm not going to get involved in their politics. This is a democracy. They have elections here, so I'm not going to opine on their domestic political matters," he said. He said that even the US witnesses protests every day and are reflective of the political discourse and difference of opinion. "We have protests every day in the United States. People view protests obviously I'm not talking about the riots, like what you're seeing in Europe, where they're vandalising and breaking into things and burning down buildings.I'm not talking about that," Rubio said. "But in many ways, the fact that people are out the
The US Securities and Exchange Commission and Indian businessmen Gautam Adani and Sagar Adani have jointly requested a US court for more time to file key submissions in a civil securities case, proposing a revised schedule for motions and responses. In a filing before the US District Court for the Eastern District of New York, the parties said they had conferred in line with the court's April 7 directive and agreed on a new timeline, which has been submitted for approval to Judge Nicholas G Garaufis. The SEC had sued Adani Group founder Gautam Adani and his nephew, Sagar, in November 2024, alleging they had misled investors by failing to disclose an alleged bribery scheme tied to Indian state officials, framing the case under US securities laws. Denying all allegations, the two, through their lawyers, on April 7, filed a pre-motion letter ahead of a planned April 30 motion, seeking dismissal of a fraud lawsuit, arguing the case represents an impermissible extraterritorial applicatio
The US Securities and Exchange Commission (SEC) has granted exemptive relief for Infosys' share buyback as requested by the company, according to a statutory filing on Friday. The exemptive relief from the US securities' regulator is on certain aspects of the tender offer procedures, due to conflicting regulatory requirements between Indian and US laws for tender offer buybacks, Infosys said in the BSE filing. The Board of India's second largest IT services company on Thursday green-lit its largest-ever share buyback programme worth Rs 18,000 crore. The record buyback entails Infosys buying 10 crore fully paid-up equity shares of a face value of Rs 5 each, representing up to 2.41 per cent of the total paid-up equity share capital, at Rs 1,800 per share. "We would like to inform you that, by way of a letter from the SEC dated September 11, 2025, the company has obtained the requested exemptive relief from the SEC," it said. The letter, it said, will be publicly available on the SEC
The US Securities and Exchange Commission (SEC), in a filing before a federal court in New York, said it has sought assistance from India's Ministry of Law and Justice to serve legal documents to billionaire Gautam Adani and his nephew Sagar in connection with a civil securities case filed last year. The status update filed on August 11 is the same as the last hearing on June 27. In the latest update submitted to Magistrate Judge James R Cho of the US District Court for the Eastern District of New York (EDNY), the SEC said it is continuing to pursue formal service of the summons and complaint under the provisions of the Hague Service Convention. The defendants, who are based in India, are yet to be officially served with the summons. The US SEC has to serve the summons to Adani Group founder and chairman Gautam Adani and his nephew Sagar in the alleged USD 265 million payoffs to win lucrative renewable power supply contracts through proper diplomatic channels, as it has no ...