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Monday, June 20, 2022

Sebi fines Reliance for not promptly disclosing 2020 Facebook deal

The Securities and Exchange Board of India (Sebi) on Monday fined Reliance Industries and two of its compliance officers for violating fair disclosure norms during Facebook's $5.7 billion investment in its digital unit in 2020.

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Structured tender model for shipbuilding: Govt aims tech transfer, local manufacturing

India is boosting its shipbuilding capabilities by adopting a "structured tender" approach for specialized vessels like gas and oi...