News for 'trading scams'

Options trading: True story of how an investor was conned

Options trading: True story of how an investor was conned

Rediff.com11 Nov 2014

The basics of options trading include buying calls, selling puts, strike price and hedging.

Sebi busts scam involving investment tips on SMS

Sebi busts scam involving investment tips on SMS

Rediff.com21 Aug 2013

Fraudsters were luring gullible investors of daily returns up to Rs 75,000.

Mining an opportunity: Firm, transparent laws key to attract investments

Mining an opportunity: Firm, transparent laws key to attract investments

Rediff.com8 Aug 2023

Parliament has cleared the Mines and Minerals (Development and Regulation) Amendment Bill, 2023, recently. The objective of the Act is to invite investments from the private sector, including foreign companies, for mining minerals such as lithium and other critical minerals. Other than lithium, some of these minerals were classified as atomic minerals, including beryl and beryllium, niobium, titanium, tantalum and zirconium.

Excise case: CBI files supplementary charge sheet against Sisodia

Excise case: CBI files supplementary charge sheet against Sisodia

Rediff.com26 Apr 2023

Special Judge M K Nagpal fixed May 12 for consideration of the charge sheet after the CBI submitted that the prosecution sanction against Sisodia has already been procured from the competent authorities.

ED issues fresh summons to Abhishek Banerjee, wife

ED issues fresh summons to Abhishek Banerjee, wife

Rediff.com17 Mar 2022

Banerjee, nephew of West Bengal Chief Minister Mamata Banerjee and the national general secretary of the TMC, and his wife Rujira Banerjee have been asked to depose before the investigation officer here next week, they said.

Uproar over Rahul's remarks in UK stalls Parl, BJP seeks apology

Uproar over Rahul's remarks in UK stalls Parl, BJP seeks apology

Rediff.com13 Mar 2023

Gandhi had recently alleged in London that the structures of Indian democracy are under "brutal attack" and there is a full-scale assault on the institutions of the country.

Now, CBI summons Kejriwal for questioning; AAP cries foul

Now, CBI summons Kejriwal for questioning; AAP cries foul

Rediff.com14 Apr 2023

Kejriwal has been asked to be present at the agency headquarters at 11 am to answer queries of the investigating team.

Pros & cons of allowing FIIs to trade on Indian commodity bourses

Pros & cons of allowing FIIs to trade on Indian commodity bourses

Rediff.com2 Jan 2015

The RBI is considering permitting FII and commercial banks to trade on Indian commodity exchanges.

Sebi bans Mehul Choksi from capital markets for 1 yr, slaps Rs 2.5-cr fine

Sebi bans Mehul Choksi from capital markets for 1 yr, slaps Rs 2.5-cr fine

Rediff.com31 Jan 2022

Sebi has barred fugitive businessman Mehul Choksi and one Rakesh Girdharlal Gajera from the capital markets for one year and levied a fine totalling Rs 2.5 crore on them for violating insider trading rules in the matter of Gitanjali Gems. In addition, they have been restrained from buying, selling or otherwise dealing in securities of Gitanjali Gems Ltd (GGL) for a period of two years. Also, the Securities and Exchange Board of India (Sebi) has directed Gajera to disgorge a sum of Rs 15.82 crore.

ED registers money laundering case against Sisodia in Delhi Excise policy

ED registers money laundering case against Sisodia in Delhi Excise policy

Rediff.com23 Aug 2022

The ED will probe if there were alleged irregularities in the formulation and execution of the Delhi Excise Policy unveiled in November last year.

Satyam scam: Sebi asks Raju's family to return Rs 1,800 crore

Satyam scam: Sebi asks Raju's family to return Rs 1,800 crore

Rediff.com10 Sep 2015

The latest penalties for insider trading follows an earlier disgorgement order passed by Sebi in July last year.

NSE Rot Goes Deeper

NSE Rot Goes Deeper

Rediff.com11 Mar 2022

The rot is is not limited to Chitra Ramkrishna and the yogi, observed Debashis Basu.

New To Crypto Investing? 7 Tips For You

New To Crypto Investing? 7 Tips For You

Rediff.com11 Feb 2022

Avoid thinking of investment as some 'become millionaire in a week' scheme, says Nikhil Sethi, founder and MD, Zuvomo, a crowdfunding firm. Always think of long term gains and plan your trades accordingly.

After pitch-dark 2014, scam-tainted coal sector wants a makeover

After pitch-dark 2014, scam-tainted coal sector wants a makeover

Rediff.com23 Dec 2014

In an urgent need for its image makeover, the scam-tainted coal sector will require mammoth efforts in 2015 from the government and the corporates too.

How the govt plans to revamp the scam-hit telecom sector

How the govt plans to revamp the scam-hit telecom sector

Rediff.com29 Jan 2015

'Our mandate is to work in a transparent manner, keeping two objectives in mind - consumer interest and growth of the telecom sector.'

Trinamool MP Abhishek Banerjee appears before ED in Delhi

Trinamool MP Abhishek Banerjee appears before ED in Delhi

Rediff.com21 Mar 2022

The 34-year-old TMC national general secretary was seen entering the new office of the central probe agency in central Delhi around 11 am.

The MYSTERY over NSE's Feb 24 'tech glitch'

The MYSTERY over NSE's Feb 24 'tech glitch'

Rediff.com10 Mar 2021

It is mystifying how the NSE, a near-monopoly, gets protection, as the February 24 episode shows, when it is competition and accountability that should be the regulatory objective, says Debashis Basu.

NSE in firefighting mode to minimise reputational harm after Sebi's order

NSE in firefighting mode to minimise reputational harm after Sebi's order

Rediff.com28 Feb 2022

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.

WATCH LIVE: Political slugfest over chopper scam in Parliament

WATCH LIVE: Political slugfest over chopper scam in Parliament

Rediff.com28 Apr 2016

The AgustaWestland VVIP chopper deal will once again dominate the proceedings in Parliament on Thursday.

420 IPC Review

420 IPC Review

Rediff.com17 Dec 2021

There's merit in the premise of 420 IPC but Manish Gupta's flat execution never delivers its promise, feels Sukanya Verma.

TMC MP Abhishek Banerjee skips ED summons in Delhi, may get fresh notice

TMC MP Abhishek Banerjee skips ED summons in Delhi, may get fresh notice

Rediff.com30 Mar 2022

Banerjee, the 34-year-old nephew of West Bengal Chief Minister Mamata Banerjee, is stated to have sent an email to the investigating officer of the case citing some personal reasons for his non-appearance.

ED summons Mamata's nephew Abhishek Banerjee, wife

ED summons Mamata's nephew Abhishek Banerjee, wife

Rediff.com28 Aug 2021

The Enforcement Directorate (ED) has summoned West Bengal Chief Minister Mamata Banerjee's nephew and Trinamool Congress MP Abhishek Banerjee and his wife for questioning in a money laundering case linked to an alleged coal scam in the state, officials said on Saturday.

NIA conducts fresh raids in terror funding case

NIA conducts fresh raids in terror funding case

Rediff.com4 Jun 2017

During the searches, a few thousand Pakistani rupees and currencies belonging to the UAE and Saudi Arabia as well as incriminating documents were found

More trouble brews for Zee's Subhash Chandra & family

More trouble brews for Zee's Subhash Chandra & family

Rediff.com21 Sep 2021

Zee Entertainment last week witnessed shareholder activism that saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka. Besides, Dish TV also faced a similar call earlier this month. The trouble at Zee Entertainment can be gauged from the fact that this is a unique company wherein the promoters own just 3.99 per cent, but fully control the firm.

Call centre scam mastermind's 'guru' arrested

Call centre scam mastermind's 'guru' arrested

Rediff.com17 Oct 2016

The 33-year-old man, identified as Jagdish Kanani was arrested from suburban Borivali on Sunday night.

BJP offered Rs 20cr each to 4 MLAs to switch sides: AAP

BJP offered Rs 20cr each to 4 MLAs to switch sides: AAP

Rediff.com24 Aug 2022

The Aam Aadmi Party claimed on Wednesday that the Bharatiya Janata Party has approached four of its legislators in Delhi, asking them to switch sides and join the saffron party or else, face 'false cases, the CBI (Central Bureau of Investigation) and the ED (Enforcement Directorate)'.

How to curb IPO scams

How to curb IPO scams

Rediff.com18 Jan 2006

Choksi's firms siphoned off over Rs 6,344.96 cr from PNB

Choksi's firms siphoned off over Rs 6,344.96 cr from PNB

Rediff.com16 Jun 2021

Companies owned by fugitive diamantaire Mehul Choksi have allegedly siphoned off over Rs 6,344.96 crore from the Punjab National Bank (PNB) using fraudulent letters of undertaking and foreign letters of credit, a CBI investigation into the scam has detected. The findings were submitted by the CBI in a supplementary chargesheet filed before a special court in Mumbai last week, where the agency said the PNB was conned by its employees who were allegedly hand in gloves with Choksi and his company executives and who facilitated the scam as part of a criminal conspiracy. The PNB officials at the bank's Brady House branch in Mumbai issued 165 letters of undertaking (LoUs) and 58 foreign letters of credit (FLCs) during March-April 2017, against which 311 bills were discounted.

Rogue ARCs must be punished

Rogue ARCs must be punished

Rediff.com6 Jan 2022

Why can't we have a sunset clause for the ARCs, which is a global norm? questions Tamal Bandyopadhyay.

Coming soon: The Big Bear Market

Coming soon: The Big Bear Market

Rediff.com28 Mar 2018

'The Indian market has all the factors at the moment: Over-valuation, over-confidence, reliance on some source of massive fund flows and massive scams.' 'The trigger for a collapse could also have arrived.' warns Devangshu Datta.

Delhi govt withdraws new excise policy facing CBI probe

Delhi govt withdraws new excise policy facing CBI probe

Rediff.com30 Jul 2022

Deputy Chief Minister Manish Sisodia accused the Bharatiya Janata Party of using agencies like the CBI and Enforcement Directorate to threaten liquor licensees and excise officials but the BJP alleged that the AAP government's 'rushed' move was an 'admission of violations and corruption' and it was 'scared' of the CBI probe.

Wall Street scam: Rajaratnam pleads not guilty

Wall Street scam: Rajaratnam pleads not guilty

Rediff.com22 Dec 2009

According to Fox News, Sri lankan-born Rajaratnam along with his co-conspirator Danielle Chiesi -- both of whom were indicted on December 15 on charges of using non-public information from company executives to earn around $21 million in illegal profits, entered their pleas before US District Judge Richard Holwell in Manhattan.

Who Is RESPONSIBLE For The NSE Mess?

Who Is RESPONSIBLE For The NSE Mess?

Rediff.com22 Feb 2022

In all this, the political establishment -- and especially the finance ministry -- appears the weakest link, and worse still, the possible reason for the political backing to Narain and Ramkrishna that emboldened them to defy all the sentinels -- the independent board, the auditors, top management persons like the chief compliance officer, the company secretary, and unbelievably the super-regulator Sebi, observes V Ranganathan.

What is Malaika up to?!!!!

What is Malaika up to?!!!!

Rediff.com24 Mar 2021

Sanju Baba takes the vaccine... What's Lisa doing with A R Rahman?

About stocks, scams and the government

About stocks, scams and the government

Rediff.com11 Jul 2007

Markets can no longer go kaput these days; nor can brokers.

Why Nirav Modi reminds me of Nick Leeson

Why Nirav Modi reminds me of Nick Leeson

Rediff.com1 Mar 2018

Decades apart, but the drama linked to the two appears similar, says Nivedita Mookerji.

300 NSEL brokers face heat from Mumbai police

300 NSEL brokers face heat from Mumbai police

Rediff.com1 Oct 2018

Sebi filed a criminal complaint against the brokers with the economic offences wing, which on Friday registered a case under the Forward Contract Regulation Act 1952.

How did the Twitter hack happen?

How did the Twitter hack happen?

Rediff.com31 Jul 2020

The hack may have been done by a rogue Twitter employee, or it may have been a smart hack into the Twitter system, or a social hack where someone conned Twitter's employees into giving them access,' suspects Devangshu Datta.

Nirav Modi, Choksi's cars auctioned at Rs 3.29 cr

Nirav Modi, Choksi's cars auctioned at Rs 3.29 cr

Rediff.com26 Apr 2019

The Income Tax Department had last month auctioned several art works that were owned by absconding diamond merchant Nirav Modi for Rs 59.37 crore.

Nirav Modi's remand extended till Feb 25

Nirav Modi's remand extended till Feb 25

Rediff.com5 Feb 2021

Wanted diamond merchant Nirav Modi appeared via videolink from his London prison for a regular call-over hearing at Westminster Magistrates' Court on Friday, when he was further remanded in custody until February 25, when the judgment in his extradition case is to be handed down. District Judge Angus Hamilton informed Modi that he would most likely be appearing again via videolink on the day of the ruling, which will decide whether the 49-year-old jeweller has a case to answer before the Indian courts on fraud and money laundering in relation to the Punjab National Bank (PNB) scam case. Last month, District Judge Samuel Goozee had confirmed the timeline for the judgment at the end of closing submissions in the case, during which he heard that Modi is responsible for overseeing a "ponzi-like scheme" that caused enormous fraud to PNB.