MARKETS REGULATOR SEBI has uncovered a front-running scheme involving PNB MetLife equity dealer Sachin Bakul Dagli and eight other entities, who generated illegal gains of ₹21.16 crore. The front-running by these entities continued for more than three years. Sebi, through an interim order, prohibited Dagli and eight others from the securities market and impounded the unlawful gains made by them.
In a statement on Sunday, PNB MetLife stated that it has fully cooperated with Sebi in the investigation and taken disciplinary action against the individual involved. "In line with our internal processes, we have taken disciplinary action. PNB MetLife is committed to upholding the highest standards of corporate governance, transparency, and integrity," the statement noted.
Bu hikaye Financial Express Delhi dergisinin December 23, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Financial Express Delhi dergisinin December 23, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Indian brands one up...
AJIMON FRANCIS, MD, Brand Finance India, pointed out that 13 out of 15 Indian brands have maintained or grown their brand value in the 2025 rankings.
South Indian Bank posts ₹342-cr profit
SOUTH INDIAN BANK has posted a 12% year-on-year growth in net profit for the third quarter at ₹341.87 crore.
Ad highlights how setbacks can shape one's journey
Why the campaign rocks: Honda's \"Unstoppable Dreams\" campaign's message—that failure is a crucial part of success—is something I deeply connect with. In a world where we often focus on achievements, this highlights how setbacks shape our journey and, ultimately, lead to the fulfillment of our dreams.
Banks run Trump 'war rooms' as bosses prepare for trade ructions
JPMORGAN CHASE & Co bankers worked through the night in a \"war room\" to assess the impact of US President Donald Trump's inauguration-day executive orders, while global markets braced for volatility following his return to the White House.
Paris Pact: US pulls out again, undermines climate agenda
THE UNITED STATES will once again withdraw from the 2015 Paris Agreement on climate change, the White House said on Monday night immediately after Donald Trump assumed office for his second term as President.
DPDP Act Will Be Outdated Before It's Passed
The Act targets entities which are complex adaptive platforms that have embedded AI in their processes. To expect them to adhere to static regulations is a mistake
66 dead, 51 hurt in Turkey ski resort fire
A FIRE AT a ski resort hotel in Turkey's Bolu mountains killed 66 people and injured 51 others on Tuesday, forcing panicked guests to jump out of windows in the middle of the night.
Puri Sees Chances of Higher US Oil Imports
THE US is currently producing around 13 million barrels of oil per day and is likely to add 1.4 million-1.5 million barrels a day into production in the short run.
Birthright Citizenship to End, Will Impact Indian Americans
STARTING HIS SECOND term with a flurry of executive orders, US President Donald Trump has sought to revoke birthright citizenship - automatic citizenship of children born in the US to non-citizen parents.
HC to hear Lodha name dispute plea on Jan 27
THE BOMBAY HIGH Court on Tuesday said it would hear on January 27 the application filed by Abhishek Lodha-promoted Macrotech Developers seeking an injunction against his younger brother from using the trademark 'Lodha'.
