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Thursday
April 2024
9:18 AM IST
News Headlines
Quo Vadis, Manipur?
'Ponniyin Selvan II' breaches Rs 300 crore mark at global box office
64 arrested in London on Charles III coronation day
KL Rahul out, Ishan Kishan in for WTC final
27-year-old Hyderabad woman among victims of Texas mall shooting
EC asks Kharge to clarify on Sonia's "Karnataka sovereignty" remark
Selena Gomez sets record straight on her relationship status amid dating rumours
SC refuses to entertain plea challenging caste-based census in Bihar
Bangladesh police arrest six persons for selling fraud US visa stamps
Mumbai City FC on course to becoming ISL ‘Invincibles’
One held in Swati Maliwal case: Delhi Police
Congress takes dig at Modi over unemployment
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Mumbai City FC win 4-0 as Bengaluru FC’s misery deepens
Australia thrash undermanned England in first ODI
AIBEA decides to go ahead with Nov 19 bank strike, discussions with IBA & Managements fail
Erdogan announces extension of grain deal by 120 days
Musk hints at new chief for Twitter
PM to deliver opening address at 'No Money for Terror' event
Transparency, accountability are essence of governance in parliamentary democracy: Birla
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Business News
Sebi slaps Rs 65 lakh fine on individual for fraudulent trading
New Delhi: Markets regulator Sebi Wednesday slapped a fine of Rs 65 lakh on an individual for indulging in fraudulent trading in the illiquid stock options segment at BSE.
The order follows a probe conducted by Sebi between April 2014 and September 2015 after it observed that 81.38 per cent of all the trades executed in stock options segment of the bourse were non-genuine trades.
The regulator noted that the individual, Deepakkumar Subhaschandra Mehta, was one of the various entities which indulged in execution of non-reversal trades in the segment.
Reversal trades are those trades in which an entity reverses its buy or sell positions in a contract with subsequent sell or buy positions with the same counterparty during the same day.
The reversal trades were "non genuine trades as they were not executed in normal course of trading, lack basic trading rationale, and allegedly lead to false or misleading appearance of trading in terms of generation of artificial volume, hence were deceptive and manipulative," Sebi said.
The fraudulent and unfair trade practices of Mehta are in violation of PFUTP (Prohibition of Fraudulent and Unfair Trading Practices) norms.
Accordingly, a penalty of Rs 65 lakh has been levied on Deepakkumar Subhaschandra Mehta.
AIBEA decides to go ahead with Nov 19 bank strike, discussions with IBA & Managements fail
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World Bank slashes India's FY23 GDP growth forecast to 6.5 pc
KERALA NEWS
Top police official held in gang rape case
Kozhikode: Police on Sunday arrested a Circle Inspector (station house officer) attached in Beypore
Rain likely to occur many places in Kerala
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Kerala CM greet Oommen Chandy on his 79th birthday
INTERNATIONAL NEWS
64 arrested in London on Charles III coronation day
London: At least 64 people were arrested in UK's capital during the coronation of Charles III on May
Bangladesh police arrest six persons for selling fraud US visa stamps
Erdogan announces extension of grain deal by 120 days
Musk hints at new chief for Twitter
NATIONAL NEWS
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One held in Swati Maliwal case: Delhi Police
PM to deliver opening address at 'No Money for Terror' event
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