Capital markets regulator Sebi has levied penalties totalling Rs 20 lakh on two entities for flouting insider trading norms in the shares of Rupa and Company Ltd (RCL). The regulator imposed a fine of Rs 10 lakh each on Sushil Patwari (Independent Director of RCL) and Nagreeka Capital and Infrastructure Ltd (NCIL). The order came … Read more
Mumbai: A further delay in delivery of the trading software by Tata Consultancy Services (TCS) has forced the Multi Commodity Exchange India (MCX), India’s largest commodity exchange, to continue with existing vendor 63 Moons Technologies. The bourse for the third time renewed the software support service with 63 Moons for six months beginning July 1, … Read more
George Soros, who is in the eye of the storm over his remarks against Prime Minister Narendra Modi on the Adani issue, is an Hungarian-born American financier, philanthropist, and activist whose success as an investor made him one of the wealthiest men in the world. He is also known as a powerful and influential supporter … Read more
Mumbai: A move is on to scrutinise whether large and actively traded companies are falling in line with the rules to curb insider trading, one of the scourges of the Indian stock market. About a week ago, the country’s largest bourse, National Stock Exchange (NSE) shared a compliance certificate format with many companies which have … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) is probing into the trades of ‘s former independent director Rama Bijapurkar to see if she violated insider trading rules, said two people familiar with the development. The capital markets regulator observed that Bijapurkar bought 4,900 shares of ICICI Bank worth ₹38.60 lakh on January 5, … Read more
Puneet Dikshit, a 40-year-old Indian-origin partner at management consulting giant, McKinsey & Company, has been arrested and charged with insider-trading and making illegal profits totalling over USD 450,000 in the US. Dikshit, a partner at a global management consulting firm, has been charged with “illegally trading in advance of a corporate acquisition by one of … Read more