Us Securities

Rishad Premji's pay doubles to $1.6 mn, still less than Wipro CEO's

Wipro Executive Chairman Rishad Premji's remuneration more than doubled to USD 1.6 million (about Rs 13.7 crore) but was still less than company CEO Srinivas Pallia's earnings of USD 6.2 million (about Rs 53.64 crore) in the fiscal year ended March 31, 2025, according to the company's latest annual report. Premji, in the fiscal year 2023-24, did not take any commission since the company's incremental consolidated net profit for the year was negative, and took a pay cut of about 20 per cent with a salary of USD 769,456 (about Rs 6.4 crore). However, during the 2024-25 fiscal year, with the Bengaluru-headquartered firm reporting an 18.9 per cent rise in net profit to Rs 13,135.4 crore, Premji's remuneration more than doubled to USD 1.6 million (about Rs 13.7 crore) in FY25, from USD 769,456 (about Rs 6.4 crore) in FY24, Wipro's 20-F filings with the US Securities and Exchange Commission showed. Srinivas Pallia, who assumed the role of CEO and Managing Director on April 7, 2024, receiv

FCPA freeze fallout: Trump's order stalls probes, but SEC scrutiny remains

Despite the current pause, experts say that the FCPA remains in effect, and policy shifts or risk of prosecution by future administrations remain

US invokes Hague Service Convention in Adani bribery probe: What is it?

The US SEC has invoked the Hague Service Convention to serve legal documents to Gautam Adani and his nephew Sagar Adani. Here's you need to know about the convention

Narrowing of US, Indian 10-year treasury yields to impact FPI inflows

Indian 10-year government securities closed at 6.78 per cent on Thursday, while US 10-year treasuries were trading at 4.54 per cent

ReNew Energy offered to be taken private in $2.82 bln deal: US SEC filings

That represents an 11.5 per cent premium to the stock's closing price of $6.34 on Nasdaq on Dec. 10. The offer's valuation is based on a total of 398.61 million diluted shares outstanding as of Aug 1

US SEC Adani allegations unlikely to significantly impact business: GQG

GQG Partners' exposure to Adani stands at $8.1 billion, constituting 5.2% of its total assets of $156.7 billion. GQG Partners holds stakes ranging from 1.5% to 2% in six Adani Group companies

Gautam Adani's US indictment rattles stocks, Kenya cancels airport deal

News of the charges wiped billions of dollars on Thursday from the market value of companies within Adani Group

Cyril Cabanes faces US SEC charges: Foreign Corrupt Practices Act explained

Cyril Cabanese is charged alongside Gautam Adani and Sagar Adani, in connection to a bribery scheme that misled US investors in a September 2021 bond offering that raised $175 million

'Baseless': Adani Group denies US SEC $265 million bribery allegations

The Adani Group has stated that it will seek all possible legal recourse to fight the bribery allegations against Adani Green Energy's top management

SEC targets its own staff's texting, nixes WhatsApp office phones

The regulatory crackdown extracted at least $200 million apiece from Wall Street giants such as Bank of America Corp., JPMorgan Chase & Co and Goldman Sachs Group Inc, while also fining others

SEC abused its authority in case against crypto platform, says US judge

An SEC spokesperson said the regulator is reviewing the decision

Settle with Binance over asset freeze to allow ops, judge urges US SEC

The judge also expressed skepticism about the SEC's use of its enforcement powers to regulate the crypto industry, calling it "inefficient and cumbersome"

Absolutely committed to integrity, transparency of our ops: Top Oracle exec

Speaking in the context of recent charges against the firm, Garrett IIg, president, Oracle Japan and Asia Pacific, says compliance training among employees has become more aggressive recently

Coinbase's BlackRock pact reinforces crypto status, burns shorts

For Coinbase investors, the news is a much-needed signal that its status as a giant in the crypto sector remains rock solid

US SEC chief Gensler unveils plan to overhaul Wall Street stock trading

The plan, unveiled by US Securities and Exchange Commission chair Gary Gensler, would require trading firms to directly compete to execute trades from retail investors to boost competition

Over 80 firms including China's JD.com face delisting risk from US

The SEC on Wednesday expanded the list, consisting of US-listed Chinese entities, on a provisional lineup under a 2020 law known as The Holding Foreign Companies Accountable Act.

Let us regulate 'wild west' of cryptocurrency: SEC chief Gary Gensler

Gary Gensler seeks more authority from Congress to oversee a market 'rife with fraud, scams and abuse'

US regulator opens inquiry into Wall Street's blank check IPO frenzy

The US securities regulator has opened an inquiry into Wall Street's blank check acquisition frenzy and is seeking information on how underwriters are managing the risks involved, sources said

Elon Musk's bizarre tweet wipes $14 billion off Tesla market value in hours

The tweet saying that Tesla stock was "too high" also knocked $3 billion off Musk's own stake in the electric carmaker

India's holding of US govt securities hits record high of $177.5 bn in Feb

In the last one year since February 2019, the overall holding of India has jumped by a staggering $33.2 billion