Versuchen GOLD - Frei
Jio-Facebook deal: SAT nixes RIL plea against Sebi penalty
Business Standard
|May 03, 2025
The Securities Appellate Tribunal (SAT) on Friday dismissed Reliance Industries' (RIL) appeal against a Securities and Exchange Board of India (Sebi) order imposing a ₹30 lakh penalty for violating Prohibition of Insider Trading (PIT) Regulations.
In its June 2022 adjudicating order, Sebi found RIL in breach of PIT Regulations for failing to disclose details of a potential investment deal with Facebook in Jio Platforms promptly.
"We find the appellants in violation of Principle 4, Schedule A of the PIT Regulations and uphold the Sebi order," said the SAT bench, presided over by Justice PS Dinesh Kumar.
The case relates to a confidentiality and non-disclosure agreement signed between RIL and Facebook in September 2019, followed by a non-binding term sheet on March 4, 2020, for Facebook's investment in Jio Platforms.
Diese Geschichte stammt aus der May 03, 2025-Ausgabe von Business Standard.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Business Standard
Business Standard
FD left without a Will? Here's how children, grandchildren can claim money
Fixed deposits (FDs) are a common savings tool across Indian households.
1 min
February 14, 2026
Business Standard
Reliance gets US licence to directly buy Venezuela oil
Private-sector oil refiner Reliance Industries Limited (RIL) last week received a general licence from the United States (US) government to buy Venezuelan oil, an industry executive told Business Standard.
1 mins
February 14, 2026
Business Standard
Torrent Pharma profit rises 26%
Ahmedabad-based Torrent Pharmaceuticals on Friday posted a 26 per cent year-on-year (Y-0-Y) increase in net profit on a consolidated basis for the third quarter of the financial year (Q3FY26) to %635 crore. The revenue from operations also grew 17.6 per cent to %3,303 crore.
1 min
February 14, 2026
Business Standard
Delhi-Dhaka ties may warm up after BNP’s win
But stronger Jamaat a concern
2 mins
February 14, 2026
Business Standard
Friday the 13th caps a week of AI-sparked horror in IT stocks
Top software exporters suffer nearly ₹5 trn mcap loss as rout deepens
2 mins
February 14, 2026
Business Standard
BEE may rationalise technology credits
The Bureau of Energy Efficiency (BEE) is planning to rationalise the list of technologies that carmakers can classify as \"fuel-saving\" to claim \"technology derogation credits\" while calculating the average emission of carbon dioxide in a fleet of vehicles, Business Standard has learnt.
2 mins
February 14, 2026
Business Standard
Leverage, time & the long game
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they'd seen marginal interest. The starkest example is India and Europe
5 mins
February 14, 2026
Business Standard
‘Biopharma Shakti shows India focusing on being biopharma hub’
Fresh from a reduction in debt and a capital raise of $1 billion, Biocon Ltd is sharpening its focus on biosimilars, GLP-1s (glucagon-like peptide-1s), and manufacturing on a global scale. In a video interaction with Sohini Das, Biocon Group Chairperson Kiran Mazumdar-Shaw explains how lower borrowing costs will lift profitability, and why regulatory reform and adopting artificial intelligence (AI) are critical for India to be a biopharma hub. Edited excerpts:
3 mins
February 14, 2026
Business Standard
Munich Conference: German Chancellor calls for reset with US as old global order crumbles
German Chancellor Friedrich Merz on Friday called for a stronger Europe to reset its ties with the United States, wanting Washington to “repair and revive trust” in a dangerous new era of great power politics as the old global order crumbles.
1 mins
February 14, 2026
Business Standard
₹70 lakh for 10 secs: India-Pak clash sends ad rates over the ropes
Days after Pakistan backtracked on its earlier decision to boycott the marquee showdown with India at the ongoing ICC Men's T20 World Cup, the commercial upswing following that clarity is already visible.
2 mins
February 14, 2026
Listen
Translate
Change font size