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NEW DELHI: India’s market regulator ordered billionaire Mukesh Ambani and his conglomerate Reliance Industries Ltd to pay a combined penalty of 400 million rupees (US$5.5mil) for allegedly violating share-trading rules about 13 years ago.
MUMBAI: India's markets watchdog fined Reliance Industries 250 million rupees ($3.42 million) and its chairman Mukesh Ambani (pic) 150 million rupees on Friday for what it said were fraudulent trades while selling a stake in a subsidiary in 2007.
THE market is expected to have a clearer direction this year once the dust caused by the Covid-19 pandemic has settled.
SEOUL: The 1,600% jump in a Covid-19 drugmaker loved by retail traders and big gains for electric-vehicle battery suppliers were among the top highlights this year in South Korea’s stock market.
IT has been just over a year since Lee Chi-beom took up his posting as South Korea’s Ambassador to Malaysia.
PETALING JAYA: At a time when there is an increased attention on whether foreign investors are ditching Malaysia for other Asean countries, the Statistics Department reveals that the rate of return on foreign direct investments (FDI) in the country has dropped sharply in the past decade.