Securities and Exchange Board of India

Albemarle Corp. to Pay SEC More Than $103 Million to Settle FCPA Violations

Retrieved on: 
Friday, September 29, 2023
Jordan Investment Commission, Environmental crime, Justice, IRS Criminal Investigation, U.S. Department of Commerce Office of Security, Investment, Coast Guard Investigative Service, Fraud, Albemarle Corporation, U.S. Department of Justice Office of Legislative Affairs, Foreign Corrupt Practices Act, Netherlands, Private prosecution, Order, Australian Securities and Investments Commission v Rich, FCPA, Security (finance), United States Department of Justice Criminal Division, Zawar Farid, Securities and Exchange Board of India, United Arab Emirates

Washington, D.C.--(Newsfile Corp. - September 29, 2023) - The Securities and Exchange Commission today announced that Charlotte-based Albemarle Corporation, a global specialty chemicals company, agreed to pay more than $103.6 million to settle the SEC’s charges that it violated the anti-bribery, recordkeeping, and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA).

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - September 29, 2023) - The Securities and Exchange Commission today announced that Charlotte-based Albemarle Corporation, a global specialty chemicals company, agreed to pay more than $103.6 million to settle the SEC’s charges that it violated the anti-bribery, recordkeeping, and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA).
  • Albemarle has agreed to cease and desist from committing or causing any future violations of these provisions and to pay disgorgement of more than $81.8 million plus prejudgment interest of more than $21.7 million, totaling over $103.6 million.
  • In a parallel action, the U.S. Department of Justice announced today it has entered into a non-prosecution agreement in which Albemarle agreed to pay a $99 million criminal fine and to a forfeiture of approximately $98 million, of which $81.8 million will be satisfied by the company’s payment of disgorgement pursuant to the SEC Order.
  • The SEC’s investigation was conducted by Christine Neal, M. Shahriar Masud, and Brittany Prelogar of the SEC’s FCPA Unit, with assistance from Fernando Campoamor.

Adani Group: Allegations by OCCRP Mischievous, Misleading

Retrieved on: 
Friday, September 1, 2023
Accounting, Professional Services, Other Transport, Other Energy, Transport, Utilities, Other Professional Services, Logistics, Supply Chain Management, Legal, Energy, Finance, Hindenburg Research, Hindenburg, High courts of India, Securities and Exchange Board of India, Adani Group, SEBI, Joint FAO/WHO Expert Committee on Food Additives, Directorate of Revenue Intelligence, MPS, Corruption, OCCRP, Publication, Directorate, Investment, DRI, FPI, Supreme court, Security (finance), News

The Adani Group, India’s leading integrated business conglomerate, issued a media statement today in response to the Organized Crime and Corruption Reporting Project ( OCCRP ) Report that alleged the Adani Group violated certain laws.

Key Points: 
  • The Adani Group, India’s leading integrated business conglomerate, issued a media statement today in response to the Organized Crime and Corruption Reporting Project ( OCCRP ) Report that alleged the Adani Group violated certain laws.
  • The present report is the second instance of an international organization to make meritless allegations against the conglomerate.
  • Earlier, Hindenburg Research, a New York-based short-seller, had issued a report making similar allegations.
  • Adani Group issued the following statement in response to the OCCRP Report:
    “We categorically reject these recycled allegations.

Ebix Announces Q2 2023 Results

Retrieved on: 
Wednesday, August 9, 2023
Exercise, Security (finance), Health Management Associates (Florida company), Health insurance marketplace, GAAP, Securities and Exchange Board of India, Bank statement, Judgement, Real estate, Bank, Exchange

Non-GAAP adjustment is based on the Q2 2023 effective tax rate, which reflects currently available information and could be subject to change.

Key Points: 
  • Non-GAAP adjustment is based on the Q2 2023 effective tax rate, which reflects currently available information and could be subject to change.
  • This press release contains the following non-GAAP financial measures: non-GAAP Revenues, non-GAAP net income, non-GAAP operating income and non-GAAP diluted earnings per share.
  • Ebix believes that these non-GAAP financial measures and other metrics provide useful information to management and investors regarding certain financial and business trends relating to Ebix’s financial condition and results of operations.
  • The financial information of EbixCash Limited consolidated into our financial statements as of and for the six months ended June 30, 2023 is summary, indicative and not final.

Ebix Issues Informational Update to the July 14th, 2023 Press Release

Retrieved on: 
Saturday, July 15, 2023
Letter, IPO, Securities and Exchange Board of India, Bank statement, Issue, Joint Public Issues Team, Addendum, Capital, Security (finance), Consolidated, Disclosure, Consolidated financial statement, Audit, Ebix

JOHNS CREEK, Ga., July 15, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: Ebix), today issued an informational release with a few clarifications and updates to the previously issued strategic update release on July 14, 2023.

Key Points: 
  • JOHNS CREEK, Ga., July 15, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: Ebix), today issued an informational release with a few clarifications and updates to the previously issued strategic update release on July 14, 2023.
  • Please refer to page 5 of the Addendum for the full text of the statutory Auditor’s Examination Report on the Restated Consolidated Financial Information.
  • This update is being released in response to investor queries on the above subject.
  • This release should not be construed as “Investment Advice” and should be read only as a simplified disclosure for Ebix investors, pertaining to relevant matters.

Update to the Press Release titled – Ebix Provides a Strategic Update

Retrieved on: 
Friday, July 14, 2023
Hindenburg Research, Defamation, Letter, IPO, Hindenburg, Marketing, RBI, Bank statement, Securities and Exchange Board of India, Reserve Bank of India, Fiscal, SEBI, Ebix, Red, Addendum, PPI, Parity, Publishing, Reserve Bank, Hearing, Court, Security (finance), Consolidated, Cryptocurrency, Bank, Roc

JOHNS CREEK, Ga., July 14, 2023 (GLOBE NEWSWIRE) -- Updated Release with a few clarifications - Ebix, Inc. (NASDAQ: Ebix), today issued an informational release with a few clarifications and updates to the previously issued strategic update release on July 6th, 2023.

Key Points: 
  • JOHNS CREEK, Ga., July 14, 2023 (GLOBE NEWSWIRE) -- Updated Release with a few clarifications - Ebix, Inc. (NASDAQ: Ebix), today issued an informational release with a few clarifications and updates to the previously issued strategic update release on July 6th, 2023.
  • The details of the letter have been disclosed in the addendum to the DRHP filed by EbixCash on June 1, 2023.
  • C. Updates with respect to the short report:
    With respect to the short report dated June 16, 2022, Ebix, Inc., provided a point-wise rebuttal of certain allegations through a press release on June 21, 2022.
  • The matter is currently pending and the next date of hearing is August 14, 2023.

ESMA recognises four new Third Country CCPs

Retrieved on: 
Tuesday, May 2, 2023
CCIL, Securities and Exchange Board of India, European Securities and Markets Authority, Tel Aviv Stock Exchange, RBI, Clearing Corporation, Financial Supervisory Commission (Taiwan), Reserve Bank of India, ICCL, SEBI, European Market Infrastructure Regulation, International Financial Services Centre, Superintendencia Financiera de Colombia, Securities Commission Malaysia, NSE, IICC, Securities commission, Microsoft, Reserve Bank, Associated Provincial Picture Houses Ltd v Wednesbury Corp, Security (finance), EMIR, Israel Securities Authority, TC, Financial adviser, Management, Limited, ESMA

ESMA recognises four new Third Country CCPs

Key Points: 
  • ESMA recognises four new Third Country CCPs
    The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has recognised four additional third country CCPs (TC-CCPs) under Article 25 of the European Market Infrastructure Regulation (EMIR), bringing the total number of TC-CCPs recognised by ESMA to 39.
  • The newly recognised TC-CCPs are:
    - Bursa Malaysia Derivatives Clearing Berhad (Malaysia);
    - Taiwan Futures Exchange Corporation (Taiwan);
    - Cámara de Riesgo Central de Contraparte de Colombia S.A. (Colombia); and
    - Tel-Aviv Stock Exchange Clearing House Ltd (Israel).
  • ESMA now has 25 cooperation arrangements for TC-CCP supervision with supervisory authorities from 20 third countries.
  • ESMA has updated its list of recognised third-country central counterparties (TC CCPs) accordingly.

Wipro Announces Fourth Quarter and Year End Results, Delivers Record Total Bookings

Retrieved on: 
Thursday, April 27, 2023
Consulting, Technology, Manufacturing, Professional Services, Other Technology, Data Analytics, Software, Artificial Intelligence, Networks, Internet, Engineering, Metaverse, IDC, Rupee, Analytics, ALCO RS-1, UST (company), NSE, International Financial Reporting Standards, MAGIC, Digital, Environment, NYSE, HFS, Automation, ISG, Quarter, Sustainability Accounting Standards Board, Research, Doc, Share repurchase, Philosophy, Limited, Companies Act, Yoy, Security (finance), Securities and Exchange Board of India, Uncertainty, International, Wipro, CAD, Publication, Pakistan Institute of Public Finance Accountants, Ecosystem, Workplace (software), Public Utility Holding Company Act of 1935, BSE, Partnership, Federal Reserve Board of Governors, DOOH, ALCO RS-2, Revenue, Cisco, Cryptocurrency, Video game, Retail, Risk management, Mobile phone, Online shopping, Gartner

We delivered two consecutive quarters of total bookings of over $4.1 billion.

Key Points: 
  • We delivered two consecutive quarters of total bookings of over $4.1 billion.
  • Bookings do not reflect subsequent terminations or reductions related to bookings originally recorded in prior fiscal periods.
  • Bookings are recorded using then-existing foreign currency exchange rates and are not subsequently adjusted for foreign currency exchange rate fluctuations.
  • For constant currency growth rates, refer note 2
    In the fourth quarter, Wipro continued to win large and strategic deals across industries.

EbixCash Receives SEBI Clearance

Retrieved on: 
Monday, April 10, 2023
Insurance, BSE, IPO, Securities and Exchange Board of India, SEBI, Public, Ebix, NSE, Observation, Security (finance), Financial adviser, NOIDA

NOIDA, India and JOHNS CREEK, Ga., April 10, 2023 (GLOBE NEWSWIRE) -- EbixCash Limited, a subsidiary of Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that it has received the final observation letter/clearance from the Securities and Exchange Board of India (SEBI) for its proposed initial Public Offering (IPO).

Key Points: 
  • NOIDA, India and JOHNS CREEK, Ga., April 10, 2023 (GLOBE NEWSWIRE) -- EbixCash Limited, a subsidiary of Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that it has received the final observation letter/clearance from the Securities and Exchange Board of India (SEBI) for its proposed initial Public Offering (IPO).
  • EbixCash will now be working with its advisors on the next steps leading to the listing of EbixCash on NSE and BSE.

UpHealth Announces Third Quarter 2022 Financial Results

Retrieved on: 
Thursday, December 29, 2022
International Court of Arbitration, Adjustment, Addiction, Partnership, Newsweek, ICA, Health, EBITDA, Annual general meeting, Compte rendu, GAAP, Audit committee, Securities and Exchange Board of India, Public Utility Holding Company Act of 1935, Security (finance), Form, International court, Kimberlite, NYSE, Exercise, Financial assistance (share purchase), Shareholder, UPH, CompTIA, Integrated care, Service, Bookkeeping, Management, Construction, Renewable energy, Video game, Risk management, Azim Premji, Glocalization

DELRAY BEACH, Fla., Dec. 29, 2022 (GLOBE NEWSWIRE) -- UpHealth, Inc. (“UpHealth” or the “Company”) (NYSE: UPH), a global digital health company delivering technology platforms, infrastructure, and services to modernize care delivery and health management, today announced financial results for the third quarter ended September 30, 2022.

Key Points: 
  • Accordingly, the financial results of Glocal as of September 30, 2022, and for the three months then ended, are not included in the Company’s unaudited condensed consolidated financial statements.
  • We continue to pursue legal action both in India’s jurisdiction as well as before the International Court of Arbitration (the “ICA”) and will vigorously defend our interests and ownership of the Glocal asset.”
    Third Quarter 2022 Financial Highlights:
    Revenues for the third quarter of 2022 was $38.7 million, compared to revenues for the third quarter of 2021 of $45.2 million.
  • Revenues and gross margin by segment for the third quarter of 2022 were:
    Operating loss for the third quarter of 2022 was $120.0 million, a 2460% increase compared to operating loss in the third quarter of 2021 of $4.7 million.
  • Adjusted EBITDA for the third quarter of 2022 was $(1.2) million, compared to Adjusted EBITDA for the third quarter of 2021 of $3.1 million.

Lars Renström declines re-election

Retrieved on: 
Thursday, December 22, 2022
Person, ASSA, Assa Abloy, Automation, Committee, Securities and Exchange Board of India, EU, SEK, Management

STOCKHOLM, Dec. 22, 2022 /PRNewswire/ -- Lars Renström, Chairman of ASSA ABLOY's Board of Directors, has informed the Nomination Committee that he is not available for re-election at the next Annual General Meeting.

Key Points: 
  • STOCKHOLM, Dec. 22, 2022 /PRNewswire/ -- Lars Renström, Chairman of ASSA ABLOY's Board of Directors, has informed the Nomination Committee that he is not available for re-election at the next Annual General Meeting.
  • Lars has been a member of the Board of Directors since 2008 and has been Chairman since 2012.
  • The Nomination Committee will return at a later date with a proposal for a new Chairman of the Board.
  • This is information that ASSA ABLOY AB is obliged to make public pursuant to the EU Market Abuse Regulation.