India's market regulator and the Bombay Stock Exchange will take appropriate legal action to challenge a Mumbai court order against their officials in relation to an alleged stock market fraud and regulatory violations,

The Securities and Exchange Board of India (SEBI) announced on Sunday that it would take legal steps to challenge a Mumbai court order directing the registration of a First Information Report (FIR) against its former Chairperson Madhabi Puri Buch,

A court in India's finance hub Mumbai has ordered an investigation into allegations of stock market fraud by the former chief markets regulator, officials and local media said Sunday. The anti-corruption bureau was directed to begin a probe against former Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch and five other