India's market regulator said it has uncovered an alleged front-running scheme involving Ketan Parekh—convicted in 2008 for stock market manipulation—and others. The regulator impounded unlawful gains worth ₹65.77 crore from those involved and debarred Parekh from dealing in the securities market till further investigation is completed.
Parekh and Rohit Salgaocar, through his company, orchestrated "illicit" trades based on confidential, non-public information related to stock orders from a US-based foreign portfolio investor (FPI), referred to as "Big Client," according to the Securities and Exchange Board of India (Sebi).
Denne historien er fra January 03, 2025-utgaven av Mint Hyderabad.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 03, 2025-utgaven av Mint Hyderabad.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
The Perks of Reflection and Daily Me-Time
Introspection helps one think more clearly, says Spinny CEO Niraj Singh
Hiring Is Just The First Step Towards Inclusion
Persons with disabilities and those from marginalized groups need mentors and a supportive environment to grow in their careers
It's your touch that will push an AI co-worker to do better
AI agents help break down silos and improve decision-making and collaboration, but it's people who can leverage their benefits
The Digital Data Protection rules have hits and misses
Some provisions can set a global example for age-gating but others would overburden data fiduciaries
The 'Asian Aunty' is smashing ageist and gender stereotypes
'Aunty' leaders are tackling a widely normalized form of 'othering'
Public debt: Do not let it eclipse the fiscal deficit
The Centre's plan to adopt debt as its new focus for budget prudence after 2025-26 does hold merit but we must not lose track of the fiscal gap. It'll remain a valuable economic indicator
Longevity Is Usually A Reward For Being Unspectacular
Careers That Endure Are Typically Not Spectacular. This Is So In Politics As Well As Other Fields
Get public-private partnerships right for target-oriented growth
The UK's new government should engage the private sector with deals that achieve public objectives
How to Use Home Loan Interest as Acquisition Cost
What to do with home loan interest
Inside Sebi's 30-month investigation
Though independent directors do not oversee a company's daily operations, Sebi has said that there is direct evidence of their involvement in the scam.
