Beware the quantum computers
Today’s encryption technology will be putty in the hands of those running the post-quantum world. How equipped ...
SEBI on Monday imposed a penalty of over ₹22 crore on Aurobindo Pharma, its promoter PV Ramprasad Reddy and other connected entities for violating insider trading norms.
The regulator had conducted an investigation into the trading in the scrip of Aurobindo Pharma Ltd from July 2008 to March 2009 to ascertain the regulatory violation. The probe found that the promoter entities traded in the scrip based on unpublished price-sensitive information (UPSI) pertaining to the company’s licensing and supply agreements with Pfizer Inc and made “unlawful gains”.
SEBI said Ramprasad Reddy, Chairman and promoter of Aurobindo, his wife P Suneela Rani, company MD and Reddy’s brother Kambam P Reddy, Trident Chemphar (a company belonging to the promoter group of Aurobindo), Veritaz Health Care (connected to the firm through a common address, e-mail id, acquisition of brands connected to Aurobindo, etc) and Top Class Capital Markets (connected to Veritaz through fund transfers proximate to trades executed in the scrip of Aurobindo) have been considered ‘insiders’ due to their connection with the pharma company.
These entities “purchased shares while in possession of the UPSI pertaining to Aurobindo, and made unlawful gains from having purchased its shares at a lower price before the publication of the UPSI on March 3, 2009” and thereby violating insider trading rules, said SEBI.
Today’s encryption technology will be putty in the hands of those running the post-quantum world. How equipped ...
Rocketship’s Anand Rajaraman on getting pitches from places like Rameswaram and Patna
Bengaluru-based Archeron group plans to open five banks that are run entirely by AI and quantum technologies
Ably skippered by N Srinivasan, India Cements is upping its post-Covid-19 game by expanding capacity
Three-in-one: Passive debt funds come at a low cost and have high-quality portfolios. Some offer return ...
Trend in the rupee movement and Q4 earnings can give direction to the market
There is room for improvement in fund transfer options
Silver looks positive but lacks the higher volumes required to substantiate bullishness
In an age of falling female workforce participation, worsened by the Covid-19 pandemic, policy makers and ...
It’s the birthday of Muttiah Muralitharan — the man who took a staggering 800 test wickets. What better way to ...
An ode to writer and great-uncle Ved Mehta, and Ekarat, the friend who wrote and quit on his own terms
A market run by women tells the inspiring story of female entrepreneurship in the North East
Marketers are padded up, sponsorship deals have been struck, and campaigns are rolling out. Now let the games ...
And what marketers can possibly do to bring it back in our lives
The agency has changed form over the years but its lustre has not dimmed
Media Factory has purchased the majority stake held by Sam and Lara Balsara of Madison World in Madison Media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor