Sebi has barred Allegro Capital and one of its senior executives from the securities market for one year in a case related to alleged insider trading activities in the shares of Biocon. Besides, the market watchdog has directed them to disgorge wrongful gains along with interest. The amount would be more than Rs 24 lakh. Allegro Capital and its director as well as major shareholder Kunal Ashok Kashyap have been fined Rs 10 lakh each, according to an order by Sebi dated July 8.
Leander Paes and Mahesh Bhupathi made a successful return to the tour, advancing to the second round of the Ordina Open with a straight sets win over Yves Allegro and Sebastian Prieto on Tuesday. The former world No 1 pair, seeded second at Hertogenbosch, won 6-3, 7-6 (3).
The seventh seeds lost 2-6, 3-6 to Jordan Kerr and Todd Perry in the second round of the Madrid Masters.
They sailed into the semi-finals of the Master Series with a 6-4, 7-5 victory over the Swiss pair of Roger Federer and Yves Allegro.
When Biocon chairperson Kiran Majumdar-Shaw - well known for raising issues ranging from lack of civic services in Bengaluru to climate change - decided to take on the Indian stock market regulator, the Securities and Exchange Board of India (Sebi), she forced the Indian corporate world and legal community to take notice. In an interview to Business Standard, Majumdar-Shaw called a Sebi order to impose a fine on insider trading charges against a Biocon employee and an external consultant an "Agatha Christie" fiction, which destroyed the reputation of "innocent people". "The order is pure harassment and has caused huge reputational damage to us and goes against the principles of good governance promised by this government," Mazumdar-Shaw said. "We will certainly appeal this," she added.
Participating at a fifth Olympics featured prominently in Federer's agenda, and the postponement of the Tokyo Games by a year due to the COVID-19 pandemic worked perfectly for the Swiss, who would otherwise have missed it due to injury.
Indian Davis Cupper Rohan Bopanna is in line for his second ATP Challenger doubles title this season after making the final of the Aachen event in Germany along with his Pakistani partner Aisam-ul-Haq Qureshi.
Warring partners Leander Paes and Mahesh Bhupathi have been seeded second at the Ordina Open tennis tournament in Rosmalen, where they take court to prepare for the forthcoming Beijing Olympics. The Indian Express is up against the unseeded pair of Switzerland's Yves Allegro and Argentine Sebastian Prieto in the first round of the grass court event.
India's Leander Paes and Mahesh Bhupathi won their respective matches to advance into the pre-quarterfinals of the US Open on Friday.
The eighth seeds beat Swiss Yves Allegro and Paul-Henri Mathieu of France 2-6, 6-0, 10-3 in the first round in Miami.
The Indo-Czech duo lost lost 3-6, 5-7 to top seeds Jonas Bjorkman and Max Mirnyi in Monte Carlo Masters semi-final
The Indo-Czech duo scored a 6-4, 6-2 win over the Swiss-German pair of Yves Allegro and Michael Kohlmann.
The world No. 1 made it three out of three wins on Sunday to give the Swiss a decisive 3-1 lead over Serbia.
The Indo-Belgian pair beat Yves Allegro and Stanislas Wawrinka of Switzerland 6-3, 6-1
The unseeded Indo-Belgian pair beat the Argentine duo of Jose Acasuso and Sebastian Prieto in the men's doubles at the French Open.
Mahesh Bhupathi and Radek Stepanek scraped through into the third round of the Australian Open.
The top seeds retired half-way through their doubles semi-final against the Swiss pair of Yves Allegro and Roger Federer at the Gerry Weber Open.
Roger Federer suffered a rare defeat when Radek Stepanek and Tomas Berdych won the doubles to give the Czech Republic a 2-1 lead over Switzerland in their Davis Cup World Group playoff tie.
Leander Paes and Martin Damm have been drawn to take on Tomas Cibulec and David Skoch in the first round of the doubles event at the Chennai Open.
The top seeds beat the Swiss-German pair of Yves Allegro and Michael Kohlman in the quarter-finals of the Kremlin Cup.
The Indian pair was drawn in a relatively easy bottom half in the men's doubles tennis at the Athens Games.
Leander Paes and Nenad Zimonjic entered the second round of the Pacific Life Open tournament.
The ace Indian doubles pair beat Andy Roddick and Mardy Fish in their opening match of the men's doubles tennis at the Olympics.
Bhupathi and partner Max Mirnyi advanced to the second round in the ATP Tennis Masters while Paes and Divid Rikl lost in the first.
With his exit the Indian challenge in the ATP Challenger tennis tournament came to an end.
Though the US has got together a number of vetted and potential Indian business partners, most of these companies say they haven't had much luck in stitching up deals to tap into India as an export market for their goods.
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