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Former Religare CEO Shachindra raises about Rs 1,000 crore for NBFC

Friday, August 17, 2018, 6:21 PM

Chokhani Securities, a non-banking financial company (NBFC) recently acquired by former Religare Enterprises CEO Shachindra Nath, has raised Rs 1,000 crore in the last six months. The company will start lending operations from January 2019 and will target small and medium enterprises, Nath has said. The company has raised funds from private equity funds, family offices and institutional investors.
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JSW Steel makes Rs 19,700 crore offer for Bhushan Power and Steel

Friday, August 17, 2018, 6:14 PM

Sajjan Jindal-led JSW Steel has reportedly submitted a Rs 19,700-crore resolution plan for Bhushan Power and Steel (BPSL), which owes over Rs 45,000 crore to lenders. Tata Steel and UK's Liberty House have reportedly offered Rs 17,000 crore and Rs 19,000 crore respectively for BPSL. Tata Steel had recently acquired Bhushan Steel (BSL) through the Insolvency and Bankruptcy Code process.
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Top NSE Officials 'Facilitated' Co-Location Fraud, Says SEBI

Friday, August 17, 2018, 5:59 PM

SEBI has alleged that former top NSE executives "facilitated fraud" by failing to take preventive steps against brokerages gaining unfair access to the exchange's servers. Three brokerages allegedly gained preferential access to the NSEs high-speed algorithmic trading platform through its co-location service. They allegedly received market feeds faster than others, resulting in monetary gains.

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