Insider trading

Nusli Wadia alleges Ratan Tata of violating Sebi's insider trading norms

Nusli Wadia alleges Ratan Tata of violating Sebi's insider trading norms

Accusing interim chairman of Tata Sons, Ratan Tata of violating Sebi's insider trading norms, Nusli Wadia, an independent director on the board of Tata Group companies has claimed that the former asked for price-sensitive information from Tata Group companies.

Dec 13, 2016, 10:25 AM IST

Ex-Goldman director Rajat Gupta seeks reversal in insider trading case

A U.S. appeals court on Wednesday signalled it was unlikely to overturn the 2012 insider trading conviction of Rajat Gupta, a former director of Goldman Sachs Group Inc and global managing director of McKinsey & Co.

Nov 17, 2016, 02:05 AM IST

Amaya`s CEO takes leave amid insider trading probe

The chair and chief executive of the world`s largest online gaming company has stepped back from the company after being charged with insider trading and stock manipulation, Amaya announced Tuesday.

Mar 29, 2016, 19:32 PM IST
Amaya CEO David Baazov charged with insider trading by Quebec regulator

Amaya CEO David Baazov charged with insider trading by Quebec regulator

Canadian gambling website operator Amaya Inc`s Chief Executive David Baazov has been charged with insider trading by Quebec`s securities regulator.

Mar 23, 2016, 20:15 PM IST
Will US federal appeals court overturn Rajat Gupta's 2012 insider trading conviction?

Will US federal appeals court overturn Rajat Gupta's 2012 insider trading conviction?

Rajat Gupta, a former director of Goldman Sachs Group Inc and global managing director of McKinsey & Co, has persuaded a federal appeals court to take a fresh look at overturning his 2012 insider trading conviction.

Feb 05, 2016, 10:03 AM IST

Vellayan returns as Murugappa Group Chairman

Industrialist A Vellayan has resumed charge as Chairman of the Murugappa Group, five months after "stepping aside" from the post after market regulator Sebi slapped insider trading charges against him.

Oct 23, 2015, 19:54 PM IST
US Supreme Court rejects review of insider trading ruling

US Supreme Court rejects review of insider trading ruling

The US Supreme Court rejected Monday a challenge by the Obama administration to a lower-court ruling that threw out insider-trading convictions of two portfolio managers and could overturn additional cases.

Oct 05, 2015, 22:36 PM IST

Sheena murder case: New revelations about Peter Mukherjea

New revelations have emerged about Peter Mukherjea and his company INX!

Aug 28, 2015, 18:26 PM IST

Rajat Gupta files appeal to overturn insider trading conviction

Pursuing yet another legal recourse, India-born former Goldman Sachs director Rajat Gupta has filed a fresh appeal in a US court against a federal judge's ruling that had denied his bid to throw out his two-year sentence and conviction on insider trading charges.

Aug 26, 2015, 10:38 AM IST

Indian-origin analyst charged with insider trading

An Indian-origin former investment bank analyst and his two friends were taken into federal custody on charges of indulging in an insider trading scheme that netted more than USD 600,000 in illicit profits.

Aug 26, 2015, 04:39 AM IST

Exercise of ESOP not insider trading: SEBI

India`s securities market regulator on Monday clarified that the exercise of employee stock options (ESOP) is not considered insider trading under the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Aug 24, 2015, 23:56 PM IST
Rajat Gupta's appeal to overturn insider trading conviction rejected

Rajat Gupta's appeal to overturn insider trading conviction rejected

A US federal judge has rejected a fresh appeal by India-born former Goldman Sachs director Rajat Gupta to overturn his insider trading conviction, ruling that the "hard fact remains" he committed a "serious crime" and pursuing further legal options will serve no purpose.

Aug 06, 2015, 10:48 AM IST
From insider trading to washing dishes in jail: This is how Rajat Gupta spends time

From insider trading to washing dishes in jail: This is how Rajat Gupta spends time

Rajat Gupta, currently serving two years in a federal prison in Massachusetts washed dishes at the prison cafeteria briefly according to an account in NYT.

Aug 05, 2015, 10:13 AM IST

Rajat Gupta tries new legal recourse to overturn conviction

India-born former Goldman Sachs director Rajat Gupta is resorting to fresh legal recourse to appeal denial by a US judge of his bid to overturn his two- year sentence and conviction on insider trading charges.

Jul 25, 2015, 12:05 PM IST

SEBI's insider trading norms 'draconian': Biocon's Shaw

In a sharp criticism of regulator SEBI's new insider trading norms, industry leader and Biocon chief Kiran Mazumdar Shaw Friday said these rules have "draconian intent" and will kill the ESOPs.

Jul 24, 2015, 22:47 PM IST

Sebi mulls system-driven disclosure regime for listed firms

System-driven disclosures can significantly help in monitoring compliance on a real-time basis while reducing the burden of compliance on individuals.

May 24, 2015, 15:27 PM IST

Bajaj, HDFC frame 'insider trading' codes, others to follow

With new insider trading norms coming into force today, a host of companies, including Bajaj Auto, HDFC Bank, HDFC and Yes Bank, have framed their Codes of Conduct to regulate and report stock trades by promoters, top executives, their relatives and all connected persons.

May 15, 2015, 13:50 PM IST

New insider trading norms to kick in from Friday

The new norms, which would revamp nearly two-decade old regulations, would also ensure that genuine trades are not impacted.

May 14, 2015, 13:37 PM IST

US Supreme Court rejects Rajat Gupta's insider trading appeal

The US Supreme Court on Monday left intact the 2012 insider trading conviction of former Goldman Sachs Group Inc director Rajat Gupta.

Apr 20, 2015, 21:05 PM IST

Ties with Rajaratnam not proof of quid pro quo: Rajat Gupta

India-born former Goldman Sachs director Rajat Gupta seeking to set aside his conviction on insider trading charges has said his friendship with jailed hedge fund founder Raj Rajaratnam does not prove he received personal gain by passing on classified information.

Apr 19, 2015, 13:03 PM IST