News for 'illegal stocking'

Why Trump Is A Man In A Hurry

Why Trump Is A Man In A Hurry

Rediff.com31 Jul 2025

Trump is confident the US will eventually emerge the winner from whatever turmoil his policies cause, notes T T Ram Mohan.

Bengaluru bldg that collapsed was illegal, says dy CM; toll 8, 2 held

Bengaluru bldg that collapsed was illegal, says dy CM; toll 8, 2 held

Rediff.com24 Oct 2024

Shivakumar took stock of the incident in which five people lost their lives.

A Showdown That Could Reshape India's Derivatives Market

A Showdown That Could Reshape India's Derivatives Market

Rediff.com20 Jul 2025

The Jane Street-Sebi saga is more than a legal dispute -- it's a litmus test for India's ambitions as a global financial hub.

After Srikanth, actor Krishna held in Chennai drug trafficking case

After Srikanth, actor Krishna held in Chennai drug trafficking case

Rediff.com27 Jun 2025

This follows an earlier incident on May 22, 2025, in which a large quantity of drugs was seized near the Nungambakkam railway station, according to a Greater Chennai Police press release.

The Real Reason For The TCS Layoffs

The Real Reason For The TCS Layoffs

Rediff.com5 Aug 2025

While TCS cited evolving business needs and future readiness as reasons, industry experts say the action is a cost-cutting measure aimed at improving operating margins that have remained below the firm's aspirational range despite multiple efforts.

Why Lawyers Are Unhappy With ED Summons

Why Lawyers Are Unhappy With ED Summons

Rediff.com30 Jun 2025

'In no way can an advocate be considered responsible for his or her client's actions.'

Dayanidhi Maran accuses brother Kalanidhi of 'financial crimes'

Dayanidhi Maran accuses brother Kalanidhi of 'financial crimes'

Rediff.com20 Jun 2025

Dravida Munnetra Kazhagam's Lok Sabha MP Dayanidhi Maran has accused his brother Kalanithi Maran of "financial crimes," and asked him to restore the entire shareholding position of Sun TV and related companies to their original state or face legal and regulatory action.

21 killed in firecracker warehouse blast in Gujarat

21 killed in firecracker warehouse blast in Gujarat

Rediff.com1 Apr 2025

Eighteen people were killed and five others injured after a firecracker warehouse exploded and collapsed in Gujarat's Banaskantha district on Tuesday. The incident occurred in an industrial area near Deesa town around 9:45 a.m., killing workers from Madhya Pradesh and their family members. The warehouse was used to store firecrackers, but there is no evidence that firecrackers were being manufactured there. The Gujarat government has announced financial assistance for the victims' families.

Sam Pitroda reacts over BJP's land-grabbing allegations

Sam Pitroda reacts over BJP's land-grabbing allegations

Rediff.com27 Feb 2025

Indian Overseas Congress chief Sam Pitroda has denied owning any land, home, or stocks in India, responding to allegations by a BJP leader that he illegally acquired 12.35 acres of government land in Bengaluru. The BJP leader, N R Ramesh, has filed a complaint with the Enforcement Directorate and the Karnataka Lokayukta, alleging that Pitroda, with the help of government officials, acquired the land for his organization, FRLHT. Pitroda, in a statement on X, categorically denied the allegations, stating he has never taken any salary during his time working with the Indian government and has never paid or accepted any bribe. He further clarified that FRLHT received a five-year lease on the land for conservation purposes, which expired in 2001 and was extended for another 10 years. Ramesh claims the lease expired in 2011 and the land, now worth over Rs 150 crore, was not reclaimed by the forest department. He has urged the ED to file a criminal case against those involved in the alleged land grab, including the officials responsible.

4-week reprieve for Buch: HC stays FIR against ex Sebi chief

4-week reprieve for Buch: HC stays FIR against ex Sebi chief

Rediff.com4 Mar 2025

The Bombay High Court on Tuesday stayed for four weeks a special court's order directing FIR against ex-Sebi chairperson Madhabi Puri Buch and five other officials for alleged stock market fraud and regulatory violations, noting the order was passed mechanically.

Ketan Parekh among 3 banned from securities markets

Ketan Parekh among 3 banned from securities markets

Rediff.com3 Jan 2025

The Securities and Exchange Board of India (Sebi) on Thursday debarred Ketan Parekh, the stock market operator involved in the stock market scam of 2000, Singapore-based trader Rohit Salgaocar, and one other individual from the securities market for alleged front-running of trades of a United States (US)-based foreign portfolio investor (FPI). The FPI manages around $2.5 trillion worth of funds globally.

SC scraps IBC buyout of Bhushan Power & Steel by JSW Steel

SC scraps IBC buyout of Bhushan Power & Steel by JSW Steel

Rediff.com3 May 2025

The Supreme Court on Friday declared JSW Steel Limited's resolution plan for Bhushan Power & Steel Limited (BPSL) "illegal" and ordered the latter's liquidation, four years after the company was acquired by JSW Steel under the Insolvency and Bankruptcy Code (IBC). Following the ruling, JSW Steel shares fell sharply.

Ensure free movement in Manipur from March 8: Shah

Ensure free movement in Manipur from March 8: Shah

Rediff.com1 Mar 2025

The security review was held after the February 20 ultimatum given by the governor to everyone holding illegal and looted arms to surrender.

NIA officer demands Rs2.5 cr bribe in false terror case, arrested

NIA officer demands Rs2.5 cr bribe in false terror case, arrested

Rediff.com4 Oct 2024

The CBI arrested an NIA deputy superintendent of police posted in Patna and two middlemen on Thursday for allegedly accepting a Rs 20 lakh bribe to extend favours to a person in an ongoing probe, officials said.

MP: Revenue official mowed down by illegal sand vehicle

MP: Revenue official mowed down by illegal sand vehicle

Rediff.com26 Nov 2023

A patwari, a local revenue department official, was crushed to death by a tractor-trolley used for transporting sand illegally in Shahdol district of Madhya Pradesh, police said on Sunday.

HC discharges Adanis in market regulations violation case

HC discharges Adanis in market regulations violation case

Rediff.com17 Mar 2025

The Bombay High Court discharged Adani Group Chairman Gautam Adani and Managing Director Rajesh Adani from a case of alleged violations of market regulations involving nearly Rs 388 crore. The Serious Fraud Investigation Office (SFIO) had initiated the case in 2012 against Adani Enterprises Limited (AEL) and its promoters, accusing them of criminal conspiracy and cheating. The HC's single bench of Justice R N Laddha quashed the sessions court order and discharged the duo from the case.

What Is A Front-Running Scam?

What Is A Front-Running Scam?

Rediff.com4 Jan 2025

Front-running is a fraudulent practice where traders exploit advance knowledge of large client orders for personal profit.

Adani Group to redevelop Mumbai's Motilal Nagar

Adani Group to redevelop Mumbai's Motilal Nagar

Rediff.com12 Mar 2025

Adani Properties Pvt Ltd (APPL) has emerged as the highest bidder for the redevelopment of Motilal Nagar in Mumbai, offering more built-up area than its nearest rival, L&T. This will be the second mega redevelopment project of Adani Group in Mumbai, after the Dharavi slum redevelopment project. The total estimated redevelopment cost of Motilal Nagar is around Rs 36,000 crore, and the rehabilitation period is seven years from the project start/commencement date. The project will rehabilitate 3,372 residential units eligible under MHADA, 328 eligible commercial units and 1,600 eligible slum tenements.

Adani wins Rs 36,000-cr Mumbai project

Adani wins Rs 36,000-cr Mumbai project

Rediff.com12 Mar 2025

After the Dharavi slum redevelopment project, billionaire Gautam Adani's group has emerged as the highest bidder for the Rs 36,000 crore redevelopment of Motilal Nagar in Mumbai, sources said. Motilal Nagar I, II & III is one of Mumbai's biggest housing redevelopment projects, covering 143 acres in western suburb of Goregaon (W).

Some equity research firms shutting shops after Sebi's guidelines

Some equity research firms shutting shops after Sebi's guidelines

Rediff.com22 Jan 2025

Markets regulator Sebi's new guidelines on research analysts (RAs) are forcing several equity research firms publicly announcing plans to shut down their shops due to heightened compliance and operational requirements. The Securities and Exchange Board of India (Sebi), on January 8, came out with guidelines for Research Analysts in a bid to curb fraudulent stock recommendations and illegal practices in the securities market.

Before even...: Trump vows to fix 'every single crisis facing US'

Before even...: Trump vows to fix 'every single crisis facing US'

Rediff.com20 Jan 2025

President-elect Donald Trump promised his supporters and countrymen that he will act at historic speed to fix every single crisis facing the United States, on the eve of his inauguration. Trump told his supporters at the Capitol One Arena, which was full to its capacity of 20,000 for a 'Make America Great' victory celebration, that he will act with "historic speed and strength" and fix "every single crisis facing our country." He also outlined some of his plans for his first day in office, including halting the "invasion" of the US border and restoring border security measures, which he said will be the most "aggressive, sweeping efforts to restore our borders the world has ever seen."

'Trump Won't Target Indians'

'Trump Won't Target Indians'

Rediff.com30 Dec 2024

'Someone posts a job on LinkedIn and there are a thousand resumes in an hour? This is not the America IT professionals are used to.' 'Once they lose their job, it's impossible to get a job.'

Govt warns against new scam targeting potential investors

Govt warns against new scam targeting potential investors

Rediff.com2 Jan 2025

A new cyber fraud known as 'pig butchering scam' or 'investment scam' has emerged, targeting unemployed youths, housewives, students, and needy people who are made to lose large sums of money daily, according to the latest annual report of the Union home ministry.

Why Trump suggested Canada join the US as a state

Why Trump suggested Canada join the US as a state

Rediff.com9 Dec 2024

Claiming that the United States is subsidising its two neighbours Canada and Mexico to the tune of $100 billion and $300 billion, respectively, incoming US President Donald Trump on Sunday said that if that is the case then these two countries better be a part of America.

'Sharks At High Risk Of Extinction'

'Sharks At High Risk Of Extinction'

Rediff.com12 Jul 2024

'Shark fins are the most sought-after shark product.'

BSE taking steps to curb illegal money flow into penny stocks

BSE taking steps to curb illegal money flow into penny stocks

Rediff.com10 Jul 2016

India's oldest stock exchange has created weekly, monthly, quarterly and annual price bands

How Front-Running Hurts MFs, Investors

How Front-Running Hurts MFs, Investors

Rediff.com26 Jun 2024

Cases of front-running mostly happen when large asset managers and intermediaries are involved in bulk trades as their transaction size is generally big enough to impact the stock price.

Govt removes minimum export price on onion

Govt removes minimum export price on onion

Rediff.com13 Sep 2024

The government on Friday scrapped a minimum price threshold that it had set previously for exports of onion as it looked to pass on the benefit of international glut to Indian farmers. The government had previously fixed a $550 per tonne as the minimum export price (MEP), which essentially meant farmers could not sell their produce overseas at lower than this rate.

Why is Sebi hesitant to ban retail algos despite obvious illegalities?

Why is Sebi hesitant to ban retail algos despite obvious illegalities?

Rediff.com21 Sep 2022

Because they have become too big and pervasive and the time to regulate is long gone, points out Debashis Basu.

Lucky Baskhar Review: Enjoyable Scam Saga

Lucky Baskhar Review: Enjoyable Scam Saga

Rediff.com1 Nov 2024

After Sita Raman, this is a Dulquer Salmaan film that has won Divya Nair's heart.

Gambhir's foundation, AAP MLAs face action for stocking Covid drugs

Gambhir's foundation, AAP MLAs face action for stocking Covid drugs

Rediff.com17 Jul 2021

Delhi's drugs control department has told the Delhi high court that it has launched prosecution against Gautam Gambhir Foundation and Aam Aadmi Party MLAs, Imran Hussain and Praveen Kumar, before a court for allegedly illegally stocking and distributing Covid drugs during the infection's second wave.

Are I-T Returns Details Private?

Are I-T Returns Details Private?

Rediff.com21 Sep 2024

Disclosing an individual's income-tax returns is tantamount to violating the person's fundamental right to privacy as recognised by the Constitution.

Meet Maharashtra's Wealthiest Candidate

Meet Maharashtra's Wealthiest Candidate

Rediff.com20 Nov 2024

'When honest, wealthy people come forward to serve India, people should feel proud and welcome them.'

Bhupesh Baghel, others booked in Mahadev betting app case

Bhupesh Baghel, others booked in Mahadev betting app case

Rediff.com17 Mar 2024

The Enforcement Directorate, which has been investigating the Mahadev app-linked money laundering case for more than a year, alleged in the past that its probe has shown involvement of various high-ranking politicians and bureaucrats from Chhattisgarh, where the two main promoters of the app hail from.

Why are RBI and Sebi silent on illegal digital dabba trading?

Why are RBI and Sebi silent on illegal digital dabba trading?

Rediff.com29 Jul 2021

If Sebi and RBI remain quiet about this brazenly illegal activity, will someone in the finance ministry or the NITI Aayog take a closer look, asks Debashis Basu.

14 killed in blast at illegal firecracker unit in Bihar

14 killed in blast at illegal firecracker unit in Bihar

Rediff.com4 Mar 2022

At least 10 people died and nine others suffered serious injuries in a massive explosion that took place inside a house in Bhagalpur, Bihar, where the inhabitants were said to be involved in illegal firecracker business, an official said on Friday.

9 dead, several injured as under-construction building collapses in Kolkata

9 dead, several injured as under-construction building collapses in Kolkata

Rediff.com19 Mar 2024

West Bengal Chief Minister Mamata Banerjee visited the building collapse site at Azan Molla Lane in the city's western periphery and assured local residents of stern action against illegal construction.

Sebi cracks down on finfluencer, orders to impound Rs 12 cr 'unlawful gain'

Sebi cracks down on finfluencer, orders to impound Rs 12 cr 'unlawful gain'

Rediff.com8 Apr 2024

Sebi has barred Ravindra Bharti Education Institute, co-founded by finfluencer and YouTuber Ravindra Balu Bharti, from the securities market and directed to deposit Rs 12 crore "unlawful gain" earned from the alleged unregistered investment advisory business. It has been directed to deposit the amount to an interest-bearing escrow account created specifically for the purpose in a nationalised bank. Additionally, the regulator has barred Ravindra Balu Bharti, his wife Shubhangi Ravindra Bharti and directors -- Rahul Ananta Gosavi and Dhanashri Chandrakant Gosavi -- from the securities market.

NSE cautions investors against 'dabba' trading

NSE cautions investors against 'dabba' trading

Rediff.com10 Apr 2023

The National Stock Exchange (NSE) on Monday cautioned investors against some fraudsters running illegal dabba trading with guaranteed returns to investors. Dabba trading is an illegal form of trading in shares, where operators of such trading rings allow people to trade in equities outside the stock exchange platform. The cautionary statements came after NSE found that the entities -- Shri Parasnath Commodity Private Limited, Shri Parasnath Bullion Private Limited, Faary Tale Trading Private Limited and Bharat Kumar (associated with Trade with Trust) --were providing dabba or illegal trading platform with assured returns.

10 stocks that FPIs bought and sold the most

10 stocks that FPIs bought and sold the most

Rediff.com12 May 2022

The FPI holding in India's top 100 companies, which are part of the Nifty 100 index, declined to 24.23 per cent on average at the end of March this year, from a high of 27.5 per cent at the end of March 2021. This is the lowest FPI holdings in India's top listed companies in at least three years. A general sell-off by FPIs has weighed on stock prices and the benchmark S&P BSE Sensex is down 8.5 per cent, from its 52-week high made in October 2021. Most analysts expect FPI flows to remain weak in FY23 as well, given rising bond yields in the US and an expected earnings slowdown in India due to high inflation and commodity prices.