Capital markets regulator Sebi on Thursday imposed penalties totalling Rs 11 crore on 8 entities, including National Stock Exchange (NSE) and its former chiefs Chitra Ramkrishna and Ravi Narain, in a case pertaining to software related to algorithmic trading. The regulator has levied a fine of Rs 1 crore each on NSE, Ramkrishna and Narain. Also, a fine of Rs 1 crore has been imposed on Suprabhat Lal, who was a NSE official at the time of violation.
Newly-inducted minister Sanjay Rathod, who also served as a minister in the previous Uddhav Thackeray-led state government, had resigned last year after he was linked to a woman's death in Pune.
A Delhi court on Thursday dismissed the bail application of former Mumbai Police Commissioner Sanjay Pandey in a money laundering case related to alleged illegal phone tapping and snooping of national stock exchange (NSE) employees. Special Judge Sunena Sharma said the material available prima face showed Pandey was actively involved in the execution of recording and monitoring of calls at the NSE, and was directly communicating with the bourse staff as well as those of the iSec, the company he founded and which was responsible for the cyber security audit of the NSE. The judge noted the material collected by the investigating officer "prima face" showed the retired IPS officer was in de facto control of the affairs of iSec even after 2006, when he resigned as a director, and kept attending the meetings with NSE officials.
The diagnostic test kit developed by the Thiruvananthapuram institute can detect coronavirus in 10 minutes, and the sample to result time will be less than two hours, Vardhan tweeted. A total of 30 samples can be tested in a single batch on a single machine, he said.
Ram Setu is just silly and boring, sighs Deepa Gahlot. Ram Setu Review
The Enforcement Directorate (ED) on Tuesday arrested former Mumbai police commissioner Sanjay Pandey in connection with a money laundering case linked to the alleged illegal phone tapping of NSE employees, officials said.
An agitation was also held against the movie at another multiplex in the north Maharashtra city by the Nationalist Youth Congress.
The mysterious Himalayan 'yogi' who allegedly advised Chitra Ramkrishna, former managing director and chief executive officer of the National Stock Exchange (NSE), on important matters of the bourse could be none other than Anand Subramanian, according to a letter written by former NSE chairman Ashok Chawla to the Securities and Exchange Board of India (Sebi). Subramanian was group operating officer of the NSE and advisor to Ramkrishna during 2015-16. He joined as chief strategic advisor in April 2013.
Are you a fan of Indian and alien legend? Then this reading list by Kajol will be right up your alley.
'Salman is on television for the last 15 years.' 'Why don't you call Amitabh Bachchan a TV actor? He's been doing Kaun Banega Crorepati for 20 years.'
Rediff reader Chitra Singh Maddan tells us how she met her husband Vikas.
Priyanka's gyaan... Gorgeous Chitrangda... Sonal goes traditional...
It is the biggest issue we have ever faced in the securities market, where a sensitive and systemically important institution and first-line regulator was not only exploited by unscrupulous elements but functioned like a private fief, points out Debashis Basu.
The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.
Bharatiya Janata Party national president J P Nadda on Thursday constituted a four-member committee to ascertain the facts leading to a 17-year-old girl student's death by suicide in Thanjavur in Tamil Nadu earlier this month, and submit a report to him soon.
An Indian cuisine classic, this recipe uses everyday ingredients.
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How do the shows we watch and the songs we listen to, affect us? The question bothers Geetanjali Krishna after a domestic worker gushes about her six-month-old daughter's love for a nagin-themed TV show and Mika's Gandi Baat.
The agency recorded his statement under criminal sections of the Prevention of Money Laundering Act (PMLA), officials said.
A protest happens because the State doesn't follow its own laws. A protest is an objection and a complaint. It exists because it is otherwise unheard, observes Aakar Patel.
Sebi had, in February, dropped allegations of fraudulent and unfair trade practices against NSE's former heads Ravi Narain and Chitra Ramakrishna in the co-lo case.
Hitting back at former prime minister Manmohan Singh for his criticism of the Modi government's handling of the economy, Finance Minister Nirmala Sitharaman on Thursday said he is more remembered for having brought India to "fragile five" and rampant inflation during his term.
The National Stock Exchange (NSE), which is once again in the eye of a storm due to the co-location scandal, has said it has taken several transformational steps in the past few years on the regulatory, technological, and surveillance fronts to help improve stakeholder experience and to protect investors. Senior officials of the exchange briefed the media over the steps the exchange has taken on various fronts following changes at the helm with former managing director and chief executive officer Chitra Ramkrishna's ouster in December 2016. "Over the last few years, we have been looking to modernise and transform the entire value chain of technology.
Brahmastra is a work of star-struck ambition and high-octane energy whose razzle-dazzle hits many happy notes, observes Sukanya Verma.
It was alleged in an audit that Subramanian was the Yogi, but Sebi dismissed that claim in its final report on February 11.
Akshay Kumar plays the part with enthusiasm, like he was just waiting to get into the costume of a historical hero, observes Deepa Gahlot.
The all-women panel, which concluded its interaction with the affected family members and officials on Tuesday, called upon the state government to be neutral and bring those responsible for the 17-year-old plus two student's death, to book.
At least 20 FIRs were registered in connection with stone-pelting during rallies held in protest against the Tripura communal violence in five districts of Maharashtra and 20 persons were arrested, police said on Saturday.
Chitra Viswanathan, the 75-year-old mami who has a culinary app -- Chitvish -- to her name shared some interesting recipes made from oats, sugar and rice.
Google on Wednesday launched its global 'Be Internet Awesome' programme for children in India in partnership with Indian comic book publisher Amar Chitra Katha to interweave critical internet safety lessons across eight Indian languages. The tech giant has also launched an enhanced Google Safety Centre in eight Indic languages as part of its efforts to step up safety of users on the internet. Google has significantly increased its resources dedicated to India's Trust Safety teams, including product policy analysts, security specialists, and user trust experts that support over 10 vernacular Indian languages, enabling its central teams to benefit from the local nuance and inputs.
'I just want to keep on working till they have to shoot me down.'
NSE managing director and CEO Vikram Limaye on Wednesday said that he will not seek a second term at the stock exchange when his five-year term ends in July. This comes amid the National Stock Exchange (NSE) facing the regulatory probe in a case related to governance lapses at the bourse as well as in the co-location matter. "I have informed the board that I am not interested in pursuing a second term and will therefore not be applying and participating in the process that is underway. My tenure ends on July 16, 2022," Limaye said in a statement.
Days after the government went public with its intent to examine a Sebi order in the NSE matter, its outgoing chairman Ajay Tyagi on Wednesday made it clear that the markets regulator did not "dilute" any of the quasi-judicial verdicts. The comments assume significance as they come after Finance Minister Nirmala Sitharaman, as per reports, recently said the government is examining if Sebi has taken "necessary punitive" action in the case. In a media interview, the FM had said the government was analysing if there had been "enough application of mind in dealing with this" and if after applying its mind, Sebi took adequate corrective steps.
Chitra Palekar explains how parents and teachers can help accept sexuality.
Ramkrishna gave 'frequent, arbitrary and disproportionate' increase in compensation to Subramanian when there was no evidence of any performance evaluation being done for him and nor was there any evidence to satisfy the rating of A+ given to him for giving such high increment.
But her name surprisingly figured among the Indian participants in the entry list issued by the International Association of Athletics Federations (IAAF) late on Saturday.
The Amravati Police had clamped the curfew on Saturday for four days after stones were hurled at shops during the bandh called by Bharatiya Janata Party, a day after incidents of stone-pelting took place during a rally called by a Muslim organisation in protest against the purported communal violence in Tripura.
The National Stock Exchange (NSE) has got into firefighting mode to control the reputational damage caused by the Securities and Exchange Board of India's (Sebi's) order against its former managing director and chief executive officer Chitra Ramkrishna and others. According to sources, the exchange's management over the past one week has met several key stakeholders, including officials in the finance ministry and Sebi, major shareholders, and trading members, trying to distance itself from the controversy. The exchange plans to hold more meetings in the coming week to ensure that trading volumes and confidence in the bourse don't get impacted, they added.
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