The IPO scam that changed India's primary market

Sebi had found irregularities in 21 IPOs between 2003 and 2005. Eleven years on, while 80% of scam-hit investors have been fully compensated, more than 50% of the sum is yet to be distributed,......

Sebi puts Rs 14 cr fine on 2 IPO scam financiers

Market regulator Securities and Exchange Board of India on Friday imposed a penalty of Rs 14 crore (Rs 140 million) on Dushyant Natwarlal Dalal and Puloma Dushyant Dalal, the two financiers for......

Sebi raps HDFC Bank: IPO scam

The Securities and Exchange Board of India has charged HDFC Bank with not exercising due diligence, resulting in several demat accounts being opened under fictitious names leading to the IPO scam.......

Banks crack down on benami accounts

Commercial banks are working overtime to close savings and current accounts held in fictitious names, to which the demat accounts called into question in the IPO allotment scam are linked. "Nearly......