Business highlights

New Delhi, June 2 () The following are the main business stories at 1910 hours:

DCM26 BIZ-SFIO-ILFS Senior management, auditors and independent directors: SFIO identifies the gang that defrauded ILu0026FS New Delhi: by launching a massive offensive against the perpetrators of the ILu0026FS scam, the Serious Fraud Investigation Office (SFIO) The members of the group's financial services subsidiary, IFIN, have accused top management of forming a gang with their independent auditors and directors to defraud the company while running the business as their personal fiefdom.

DCM28 BIZ-SWISS BANKS NOTICES Swiss bank accounts: notices to Indian clients continue; P Rajamohan Rao, the latest New Delhi/Berne: in the midst of continued repression against the holders of Swiss bank accounts with alleged illicit funds, Switzerland has stepped up its process to share details of those people, and Potluri Rajamohan Rao is the last Indian citizen in receiving a notification in this regard.

DCM9 BIZ-BHARTI INFRATEL-NCLT Bharti Infratel, Indus Towers merges with NCLT in New Delhi: The National Societies Law Court approved the planned merger of the Bharti Infratel towers company with Indus Towers, according to a regulatory document.

DCM10 BIZ-ARCELORMITTAL-SAIL While JV speaks with ArcelorMittal faces a delay, SAIL begins to look for New Delhi options: while conversations with ArcelorMittal to form a JV self-grade company are being delayed, state-owned SAIL has started to talk with other global actors. said a senior company official. FES39 BIZ-RELIANCE-US LOBBYING Reliance Industries resumes lobbying in the United States; Ropes in the new Washington/New Delhi lobby: Indian corporate giant Reliance Industries Ltd has resumed lobbying among US lawmakers through a new lobby group to defend its position on US economic trade sanctions policies.

FES22 AVI-SPICEJET-SINGH SpiceJet will hire up to 2,000 Jet employees, says Ajay Singh Seoul: SpiceJet plans to hire up to 2,000 employees, including pilots and cabin crew, from the late Jet Airways while the low-cost carrier continues to expand its operations

DCM24 BIZ-SEBI-APPEALS Sebi wants a mandatory deposit of 10% before the appeals in the SAT against their orders New Delhi: with the aim of verifying frivolous appeals against their orders with the sole purpose of delaying their execution, the regulator of the Sebi capital market is seeking a mandatory deposit of 10 percent of the amount of the fine before filing any appeal before the appeals court. DCM14 BIZ-BOB-FUND RAISING BoB proposes to increase Rs 11,900 cr through the sale of shares in the FY20 of New Delhi: The Bank of Baroda (BoB) of the state plans to raise Rs 11,900 crore during the current fiscal year through the sale of shares, including employee participation Acquire a plan to shore up capital to meet the requirements of commercial expansion. RVK RVK

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