Front-running case: Sebi bans nine entities
Financial Express Mumbai|December 23, 2024
● Impounds illegal gains of ₹21.16 crore
PRESS TRUST OF INDIA
Front-running case: Sebi bans nine entities

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 Mumbai 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.

Bu hikaye Financial Express Mumbai 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.

FINANCIAL EXPRESS MUMBAI DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Financial Express Mumbai

Shyam Benegal cremated with full state honours

VETERAN FILMMAKER SHYAM Benegal, the pioneer of the parallel cinema movement in Indian cinema in the 1970s and 1980s, was cremated on Tuesday with full state honours and a three-gun salute.

time-read
1 min  |
December 25, 2024
Financial Express Mumbai

Champions Trophy: India to play Pakistan on Feb 23

INDIA WILL PLAY all their matches of the Champions Trophy in Dubai with the marquee clash against arch-rivals Pakistan scheduled on February 23, the International Cricket Council (ICC) announced on Tuesday.

time-read
1 min  |
December 25, 2024
Net gains: Secured Virat, cautious Rohit gear up
Financial Express Mumbai

Net gains: Secured Virat, cautious Rohit gear up

INDIA GOT A chance to bat in the nets on fresher pitches on Tuesday, their last day of training as Christmas day is a rest day for them.

time-read
1 min  |
December 25, 2024
A middle-class meltdown
Financial Express Mumbai

A middle-class meltdown

Economic shift, stagnating real income post Covid weigh on spending on daily items

time-read
3 dak  |
December 25, 2024
EAM in US to boost bilateral ties
Financial Express Mumbai

EAM in US to boost bilateral ties

IN WHAT IS expected to be the first high-level contact between the incoming Trump 2.0 administration and the Indian government in its third term, external affairs Minister S Jaishankar is likely to meet the new Trump team in the US.

time-read
1 min  |
December 25, 2024
Uniting for greater good
Financial Express Mumbai

Uniting for greater good

COLLABORATIVE PHILANTHROPY is not a new idea.

time-read
4 dak  |
December 25, 2024
IOC to invest ₹61K cr for Odisha project
Financial Express Mumbai

IOC to invest ₹61K cr for Odisha project

NAPHTHA CRACKER PROJECT IN PARADIP

time-read
1 min  |
December 25, 2024
18% GST on used EV to be paid on seller's margin
Financial Express Mumbai

18% GST on used EV to be paid on seller's margin

A REGISTERED PERSON will have to pay an 18% Goods and Services Tax (GST) on sale of old and used vehicle only if the seller has earned a margin, which is if the selling price is higher than the depreciation adjusted cost price of the vehicle, official sources said.

time-read
1 min  |
December 25, 2024
Changing the lens can make a big difference
Financial Express Mumbai

Changing the lens can make a big difference

Why the campaign rocks: It's great to witness the growing number of gender-forward campaigns, each challenging outdated norm and fostering more inclusive, progressive narratives.

time-read
1 min  |
December 25, 2024
Road to relevance
Financial Express Mumbai

Road to relevance

How to craft a brand strategy that stands the test of time

time-read
1 min  |
December 25, 2024