SC upholds 30L fine on RIL over lapse in disclosing Jio-FB deal
The Supreme Court upheld SEBI’s Rs 30 lakh fine on Reliance Industries for delayed disclosure of the Jio-Facebook deal. Justices Kant and Bagchi emphasized that listed companies must clarify speculative media reports to prevent market manipulation. The court stressed that larger entities bear greater responsibility for adhering to disclosure norms, dismissing RIL’s appeal.🕒 1 min read
The Supreme Court upheld SEBI’s Rs 30 lakh fine on Reliance Industries for delayed disclosure of the Jio-Facebook deal. Justices Kant and Bagchi emphasized that listed companies must clarify speculative media reports to prevent market manipulation. The court stressed that larger entities bear greater responsibility for adhering to disclosure norms, dismissing RIL’s appeal.
Continue Reading
- HUL to invest Rs 2,000 crore to boost premium category capacity
- Budget 2026: How to sustain foundations of Viksit Bharat – explained
- Buy or sell: Stock recommendation by brokers for July 30, 2025
- India steps up with Quad: Target on China’s rare earth dominance; supply diversification seen as key
- Epstein Trial In New Mexico Pushes Survivors To Reach Out To Authorities
-
“Not His Fault”: Harshit Rana Gets Complete Backing Amid Gautam Gambhir-Linked Criticism
-
Australian Women Cricketers Harassed. A Reminder Of Cracks In “Safe City” Indore
- Totally free Revolves No deposit 2025 Finest Gambling casino Stake7 enterprises having Immediate Free Spins
- In Big Step, India Issues Demarche To US Diplomat After Attack On Ship
-
Second Set Of Rare Gorilla Twins Born In Congo’s Virunga Park: “Extraordinary Event”