Sebi likely to challenge SAT ruling in SC

Sources close to the development said Sebi will argue in the apex court that the tribunal’s order is inconsistent with its earlier order against audit firm PWC in the matter of Satyam Computers. SAT had upheld Sebi’s order directing PWC to disgorge the fees charged by it.

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Dollar jumps after strong US payrolls report

The US dollar index jumped significantly following the Labor Department’s report indicating an increase of 165,000 jobs last month, which far exceeded economists’ forecasts. As