SEBI Levies ₹624 Crore Fine on Anil Ambani and Associates for Fund Diversion Scandal
August 24 2024
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The Securities and Exchange Board of India (SEBI) has penalized Anil Ambani and 24 other entities with a hefty ₹624 crore fine for diverting funds from Reliance Home Finance Ltd (RHFL). Ambani is banned from the securities market for five years. This scandal, which involved disguising loans to related parties, resulted in RHFL's share price plummeting and substantial losses for its shareholders.
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Governor Shapiro Highlights Economic Potential at New FNB Headquarters in Pittsburgh
June 24 2024
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Pennsylvania Governor Josh Shapiro recently toured FNB Corporation's new headquarters in Pittsburgh's Hill District. Set to open later in 2024, the 26-story building is anticipated to spur economic growth, create jobs, and generate significant tax revenue. FNB's commitment includes investments in local community initiatives and job training programs.
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Davido Enters Cryptocurrency Market with Viral Meme Coin $DAVIDO
May 30 2024
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Renowned Afrobeat musician Davido has launched his own meme coin, $DAVIDO on Solana’s blockchain, creating a buzz among his global fan base. The coin's value swiftly rose to the top of DEX Screener, leading to both excitement and skepticism among investors. His venture into the crypto world marks a significant entrepreneurial move, especially amidst mixed reactions regarding its legitimacy.
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