New Delhi: Sebi on Thursday agreed to defreeze bank accounts of four individuals, including relatives of embattled businessman Jignesh Shah , after they approached SAT against the market regulator's order in an alleged insider trading case.Besides, the four individuals would file an objection against the Sebi's order within one week and the Securities Appellate Tribunal (SAT) has directed the market regulator to pass a final order in the case within three months.The counsel for Sebi informed SAT that the regulator would immediately defreeze the bank accounts of Jignesh Shah's brother Manish Shah and father Prakash Shah; Tejal M Shah (wife of Manjay Shah, Jignesh Shah's brother and FTIL director); and Paras Ajmera, former director of MCX.Manish Shah and Prakash Shah, were directors and promoters of erstwhile FTIL (which has now changed its name to 63 Moons Technologies Ltd). Both MCX and NSEL were set up by FTIL.The four persons had approached the Securities Appellate Tribunal (SAT) against the Sebi order that impounded averted losses totalling Rs 51 crore by these persons through alleged insider trading in MCX shares with 'prior information' about the NSEL case.The loss amount averted by Ajmera was Rs 48.62 crore, while the same for Manish Shah was Rs 1.43 crore, Prakash Shah was about Rs 77.99 lakh and Tejal Shah was Rs 30.67 lakh.Sebi "prima facie" had found that these persons traded in these shares when in possession of 'unpublished price sensitive information' (UPSI).The regulator had directed these four individuals not to dispose of or alienate any of their assets/properties securities, till the amount of loss averted is credited to an escrow account Also, the regulator had ordered the banks not to debit any amount from bank accounts of these persons except for the purpose of transfer of funds to the escrow account.The National Spot Exchange Ltd (NSEL) had to suspend trading on July 31, 2013 after a major payment crisis broke out at the bourse.account bank NSEL regulator Rs sat Sebi Securities Shah The
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Cybersecurity has become an increasingly important issue that companies have to address as they continue to develop new platforms and mobile apps. As a result, cybersecurity has become more necessary, and instead of developing a dedicated department within a company, most opt to hire a third-party cybersecurity firm.companies cybersecurity Inc interest NASDAQ reading shares software trading trading week
Teva Pharmaceuticals (TEVA) is set to enter the near-orphan moderate to severe tardive dyskinesia (TD) space (~280,000 patients in US) with SD-809 (Austedo), with a PDUFA goal date of August 30, 2017. While NBIX is going to great lengths to increase physicians’ exposure to its product and expedite all other complicated coverage issues through its INBRACE program, TEVA will be able to use its own breadth and scale to educate physicians on SD-809’s value proposition in TD.antipsychotic approved drug Ingrezza moderate severe NBIX patient SD TD Teva
Watch out, Amazon.
Flipkart said the cash infusion, added to $1.4 billion raised earlier this year from Microsoft (MSFT, Tech30), eBay (EBAY) and Chinese tech behemoth Tencent (TCEHY), leaves it with a $4 billion war chest to wield in its battle against Amazon (AMZN, Tech30).Amazon eBay firm Flipkart fund India Indian investment Snapdeal Softbank
Semiconductor trends are considered to be leading indicators of technology and broader electronics demand. In a wider sense, semiconductor and tech stocks are considered to be leading indicators for the markets in general.considered decreased Inc interest NASDAQ semiconductor shares stocks trading week
While Marriott (MAR) is still valued at the high end of its 52-week range, it still has room to grow. Marriott's joint venture with Alibaba (BABA) will allow it increased access to the Chinese market and improve on their digital structure, something that I don't believe has been factored into their stock price yet.Airbnb Alibaba Chinese Hilton hotel increasing market Marriott room travel
Henkel (OTCPK:HENKY) reported 2017 first-half earnings per preferred share of 1.44 euros and adjusted EPS per preferred share of 1.55 euros.
Henkel might not be a familiar name to most consumers, but it manages many well-known brands across a variety of markets.business care euros growth Henkel market organic Preferred Revenue shares
The market may appear to be shrugging off escalating tensions with North Korea, but Wall Street strategist Thomas Lee believes investors shouldn't get too comfortable.
Lee, who had been one of the Street's most bullish strategists but is now among its most bearish, doesn't see a great risk reward and is urging clients to use discipline in the stock market.escalating investors Lee major market shrugging stock strategist Street tensions
Not registered yet?
The short interest data are out for the most recent settlement date, July 31.
As we have said before, FDA rulings can make or break the biotech stocks, and short sellers and mega-bulls often go to war against each other in these companies.Biotech data decreased Inc interest NASDAQ shares stock trading week
Two of the bigger institutional owners of single-family rentals in the United States are planning to merge in the latest sign that affordable housing is becoming harder to find as home prices recover in much of the United States.
The acquisition of foreclosed homes has slowed in recent years as real estate prices have recovered in many markets targeted by institutional players like Invitation Homes and Starwood Waypoint Homes, and there has been a wave of consolidation in the business.family home institutional Invitation rental single Starwood states United Waypoint