Business Standard brings to you the top headlines on Tuesday
The market regulator recently raised the reward for providing credible information that leads to prosecution from Rs 1 crore to Rs 10 crore
Here are the top BS Opinion articles of the day.
Sebi regulations define "insider" as a company associate who is trading in the company's shares based on unpublished price sensitive information (UPSI) to make a quick buck
Intellect Design Arena Ltd's promoter Arun Jain and his daughter Aarushi Jain have settled with Sebi an alleged insider trading case after paying Rs 1.76 crore collectively.
Ten individuals pay a total of Rs 37 cr towards settling the case
The case dates back to January 2018, when Biocon had announced an exclusive global collaboration with Sandoz on next-generation biosimilars
Sebi has barred Allegro Capital and one of its senior executives from the securities market for one year
Regulator Sebi has restrained an official of Biocon Ltd from accessing the securities market for three months and also levied monetary penalty for contravening insider trading norms.
Infosys on Tuesday said it will initiate an internal investigation into an insider trading matter after markets regulator Sebi barred two of its employees from the securities market in the case.
Sebi has barred eight entities from the securities market for indulging in insider trading activities in the shares of Infosys
Illegal gains worth Rs 3.06 crore impounded
The former non-executive director, Pia Johnson, and her husband, Mehul Johnson, violated the Prohibition of Insider Trading norms by trading in firm's scrip
The SAT has set aside Sebi's insider trading charges against few individuals, who circulated alleged unpublished price sensitive information about the financial results of half-a-dozen companies
The market regulator dropped the case as the Securities and Appellate Tribunal (SAT), and then the Supreme Court, found no wrongdoing
The system-driven disclosures in the securities market were first introduced in December 2015 and are being implemented in a phased manner
Aggarwal comes across as neither arrogant of his achievements nor dismissive of his failings
NDTV said the order is based on an inaccurate assessment of facts.
The move relates to a probe conducted by the markets regulator Sebi between September 2006 and June 2008 where violations of insider trading regulations were found
It remains to be seen whether Indian courts and regulators will side with Amazon or Future Retail