Briefly Business: Sebi-Sahara case: Subrata Roy,others summoned todayhttps://indianexpress.com/article/news-archive/web/briefly-business-sebisahara-case-subrata-roy-others-summoned-today/

Briefly Business: Sebi-Sahara case: Subrata Roy,others summoned today

In the refund case involving an estimated Rs 24,000 crore payment to over 3 crore investors,Sahara Group’s chief Subrata Roy and other top executives

Sebi-Sahara case: Subrata Roy,others summoned today

Mumbai: In the refund case involving an estimated Rs 24,000 crore payment to over 3 crore investors,Sahara Group’s chief Subrata Roy and other top executives have been summoned for personal appearance on Wednesday before Sebi. PTI

RBI Governor briefs MPs on bank licences

New Delhi: RBI Governor D Subbarao was asked by the members of the Parliamentary Standing Committee on Finance to explain the central bank’s guidelines for awarding new bank licences. PTI

Merck files appeal against interim order

New Delhi: US pharmaceutical major Merck Sharp and Dohme has filed an appeal before the Delhi High Court challenging its single bench order refusing to grant interim relief to it on a patent row against Indian firm Glenmark Pharmaceuticals. PTI

Refex contributes 10% under solar mission

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New Delhi: Refex Energy has installed 150 MW solar plants in Rajasthan that accounts for 10 per cent of the 1,500 MW target under the Jawahar Solar Mission in 2013-14. ENS

Top personnel moves at Hyundai India

New Delhi: Hyundai Motor India has promoted senior VP for finance R Sethuraman to director-finance. It has also promoted Rakesh Srivastava,VP for national sales and marketing to senior vice president. PTI

SSTL’s Oct-Dec net loss narrows to R779 crore

NEW DELHI: Sistema Shyam Teleservices (SSTL) said net loss was lower Rs 778.7 crore for the quarter ended December 31. PTI