-The Indian Express On Monday, the Bengali new year's day, viewers who tuned into Bengali music channel Tara Muzik witnessed a spectacle never seen before on Indian TV. Anchors of the channel and independent artistes called in to present Barsha Baran, a programme to celebrate the new year 1420, wept copiously on camera while announcing that the channel, facing an unprecedented "crisis of survival", was shutting down. Hundreds of viewers commiserated with...

-Live Mint Former Irda chief spells out the problems with regulating the insurance sector in an interview Regulators are sometimes not too keen on laying down the law because they may be too close to the industry that they are charged with making sure is complying with rules, said J. Hari Narayan, who stepped down on Wednesday as chairman of the Insurance Regulatory and Development Authority (Irda).   “There is a lot going on...

-The Times of India MUMBAI: Market regulator SEBI on Wednesday cracked down on the retail-to-financial services Sahara group and ordered the attachment of all assets of two Sahara group firms, besides freezing their bank accounts and those of their promoters and directors including that of group head Subrata Roy. SEBI's crackdown on the two Sahara group firms—Sahara Housing Investment Corp and Sahara India Real Estate Corp — comes exactly a week after...

-DNA Among the many government departments trying to subvert the sunshine Right to Information law by denying information on frivolous grounds, market watchdog Securities Exchange Board of India (SEBI) appears to be at the forefront of citing bizarre reasons for denial. Replying to an application filed by DNA in January 2010, SEBI said it could not furnish copies of board meetings’ minutes because photocopying them would damage the original records. “If there...

-Live Mint Information commission asks SEBI to disclose details of consent order proceedings, identities of entities involved  Mumbai/New Delhi: The Central Information Commission (CIC) has directed India’s stock market regulator to disclose all details related to the insider trading case involving Reliance Petroleum Ltd (RPL) in 2007, in a move that could have a bearing on not just the functioning of the Securities and Exchange Board of India (SEBI), but also the...