Markets regulator Sebi on Thursday imposed a total fine of Rs 5 lakh on Unitech Ltd Executive Director Sanjay Chandra and its promoter Mayfair Capital for disclosure lapses with regard to change in their shareholding in the company.
Sebi conducted a probe and found that entities had access to UPSI and traded in the scrips of the firm during the May 21-July 27, 2016 (UPSI period).
An Indian-American man has been sentenced to 20 months in prison for a $1 million insider trading scheme involving the failed Apollo Tyres bid to takeover Cooper Tire, prosecutors said on Wednesday. Amit Kanodia, 49,
New York:An Indian-origin hedge fund manager has been charged by the Securities and Exchange Commission with insider trading scam involving generic drugs that allegedly netted him at least $25 million in profits, according to US
New York: An Indian-origin former investment bank analyst and his two friends were taken into federal custody on charges of indulging in an insider trading scheme that netted more than USD 600,000 in illicit profits.Ashish
Chennai: Market regulator SEBI on Thursday charged A.Vellayan, chairman of Murugappa group and three other persons for insider trading.The Securities and Exchange Board of India (SEBI) in an order said Vellayan also the chairman of
New York: India-born ex-Goldman Sachs director Rajat Gupta's conviction on insider trading charges should not be thrown out as the government provided "overwhelming" proof against him for passing on illegal information in return for "expected
New York: The U.S. Supreme Court has denied an appeal by India-born former Goldman Sachs Director Rajat Gupta, who had challenged a ruling by a lower court permanently banning him from serving as an officer
Washington: Two Indian American doctors are among six people charged by the US federal regulator with insider trading in advance of eBay's acquisition of an e-commerce company to reap more than $300,000 in illegal profits.The
Washington, July 18: Former Goldman Sachs Indian-American board member Rajat Gupta, who was found guilty of tipping corporate secrets to jailed billionaire hedge-fund manager Raj Rajaratnam, has been fined $13.9 million in a related case.Gupta,
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