In a 99-page sentencing memorandum submitted in federal court on Thursday, Gupta's lawyer Gary Naftalis requested that the 'court impose a sentence of probation with the condition that Gupta perform a rigorous full-time program of community service.'
Tensions escalated at Jawaharlal Nehru University (JNU) following a clash between student groups aligned with the Left and Right, each accusing the other of violence during a protest march.
Gupta was convicted of passing confidential information.
New insider trading norms will help to nab market manipulators
The drive against insider trading comes after SEBI last year received enhanced investigation powers from parliament, including the ability to monitor call records.
The much-awaited trial of Raj Rajaratnam, founder of erstwhile Galleon Group, who has been indicted by Federal authorities in the biggest insider trading case on the Wall Street, began on Tuesday in Manhattan Federal Court.
Sources said a final order could be made soon in this case by Sebi, which has rejected twice RIL's request for settling the case by paying a consent fee -- an out-of-court settlement like resolution reached through negotiations between the two parties.
Federal prosecutors said they will file fresh charges against Sri Lankan-born hedge fund operator Raj Rajaratnam alleging he made at least $36 million from the biggest insider trading case in US history, double what was previously thought.
Sunil Bhalla, a senior executive with Polycom, along with three others was named in fresh charges filed by the US Securities and Exchange Commission on Monday.
Sebi first began looking into the matter last month.
The Securities and Exchange Board of India has found no insider trading in the shares of erstwhile Global Trust Bank before its merger with Oriental Bank of Commerce.
The ruling came as a consent order from Sebi following an investigation on insider trading in the shares of Wockhardt between September 1, 1998 and December 31, 1999. A Wockhardt spokesperson declined to comment.
"Sebi has informed that it has initiated an examination in the matter," Minister of state for Finance P K Bansal saidin a written reply. Bansal was replying to a query by Amar Singh (Samajwadi Party) on whether the government had taken any action against thepromoters/affiliates of Reliance Industries Ltd regarding the recent mammoth insider trading activities in the shares of Reliance Petroleum Ltd.
"The defaults falling in the category of fraudulent and unfair trade practices, which in the opinion of Sebi are very serious and have caused substantial losses to the investors, shall also not be consented," the market regulator, which released a new framework for passing consent orders, said.
As Priyanka Chopra Jonas returns as the debonair spy Nadia in Citadel Season 2, we take look at how her Hollywood projects stack up against each other from underwhelming to standout.
Amar Singh, general secretary of the Samajwadi Party, has written to the Securities and Exchange Board of India alleging insider trading in the shares of Mukesh Ambani-controlled Reliance Petroleum Ltd, on July 9, 2008, just days before his party voted in favour of the current ruling alliance at the centre.
A survivor recounts the chaotic scene at a Goa nightclub fire that resulted in 25 deaths, citing fireworks and a stampede as contributing factors.
The six are Ali Mustafa, Pardip Saini, Paresh Shah, Neten Shah, Bijal Shah, and Truptesh Patel. The six, who were arrested 2008, are due to be sentenced on Friday.
Gupta was convicted of passing confidential information.
Voting has commenced in 142 constituencies for the second and final phase of the West Bengal assembly elections, with significant security measures in place. The outcome will determine whether the TMC maintains its dominance or if the BJP can gain ground in the state.
India has initiated a probe into imports of subsidised paperboard from China and Indonesia following complaints from domestic manufacturers. The investigation will assess the impact of these imports on the Indian paper industry and determine if anti-subsidy duties are warranted.
India has initiated a probe into imports of subsidised paperboard from China and Indonesia following complaints from domestic manufacturers. The investigation will assess the impact of these imports on the Indian paper industry and determine if anti-subsidy duties are warranted.
A 62-year-old man and his 27-year-old son were fatally stabbed in their Delhi apartment, leaving the community in shock. Police have arrested a suspect, and a financial dispute is suspected as the motive.
The cost of the war is being counted not in the corridors of power in Washington or Tehran, but in Firozabad's darkened furnace rooms, Howrah's idle casting sheds, and a barbershop in Kochi where the wait is suddenly, inexplicably, an hour long, notes Prem Panicker in his must read blog on the Iran War.
Gupta is scheduled to be released from prison in March, 2016.
Karex, the Malaysian company that makes roughly one in five of the world's condoms -- about five billion a year, supplying Durex and Trojan among others -- announced this week that it is raising prices by up to 30 percent. The reason is the Strait of Hormuz.
Mohammed Shami registered excellent figures of 2/9 in four overs against SRH -- including 18 dot balls.
Strengthening of rules governing insider trading is among the key proposals in the agenda set by Sebi for 2018-19, along with making improvement to the Prohibition of Insider Trading Regulations (PIT) and Prohibition of Fraudulent and Unfair Trade Practices regulations.
Wipro, India's fourth-largest IT services company, has secured an eight-year deal with Singapore-based Olam group, valued at over $1 billion, and will also acquire Olam's IT and digital services arm, Mindsprint, for $375 million, marking one of its largest contracts to date.
Cheteshwar Pujara praises Mohammed Shami's performance in the IPL, highlighting it as the beginning of his 'road to redemption'.
China and Pakistan have jointly proposed a five-point peace plan to address the ongoing conflict in West Asia, focusing on de-escalation and safe passage through the Strait of Hormuz.
Will Jacks impressed with bat and ball to rescue England from a poor start and help them to a 51-run victory over Sri Lanka in a low-scoring Super 8s match at the T20 World Cup.
The Central Information Commission has directed the Securities and Exchange Board of India to make public names of entities which were allegedly involved in the insider trading of shares of Reliance Petroleum in 2007.
The insider trading is considered one of the most lucrative one involving $276 million.
Remittances from West Asia in March rose sharply amid the conflict in the region, with industry insiders estimating inflows to be 20-30 per cent higher than what is usual in a month.
Sebi's plea for such powers has been endorsed by the finance ministry.
The matter dates back to 2007, when RIL, prior to the merger of Reliance Petroleum with itself, allegedly short-sold 4.1 per cent stake in RPL to prevent a slump in the stock.
Asks insider to surrender short-time profits to company.
