Insider relief

Popular

RBI asks HDFC Bank to stop digital launches and credit card...

The Reserve Bank of India (RBI) has asked the country's largest private sector lender, HDFC bank to stop all launches of its digital business...

Assam’s Dibrugarh University Teacher Arrested For Sharing Porn Video: Police

During interrogation, the accused confessed to the crime. (Representational)Dibrugarh: An assistant professor in Assam's Dibrugarh University was arrested today for allegedly uploading pornographic content...

Process to avail full refund on Lockdown Air Tickets

The Supreme Court approved the Directorate General of Civil Aviation's (DGCA) proposal on air tickets refund and credit shell on flights booked prior and...

Why was CDS Gen. Bipin Rawat’s attending China-owned MG Motor event;...

US Ambassador Kenneth Juster greets CDS Gen Bipin Rawat with elbow bump | Watch ...

Explained: How new H-1B visa regime will impact Indians, Indian firms

In yet another policy stance change on H-1B visa within six months, the US administration on October 6 said it was announcing an “interim...

After former McKinsey chief Rajat Gupta was convicted in the US on charges of insider trading in 2012, the offence of using confidential information to make money on a market trade acquired sudden salience in India. Cases were tracked and hairs split over how slippery it was to pin guilt. On Wednesday, Sandeep Aggarwal, founder and CEO of online auto market Droom, said the US Department of Justice had dropped a case against him that went back to his days as a Wall Street analyst. He had to pay the US securities market regulator $32,500 by way of a civil penalty, though, and is still barred from Wall Street work.

So, what did Aggarwal do? In 2013, he admitted that he had tipped off a fund manager in 2009 that a deal was brewing between Yahoo and Microsoft. This was price-sensitive stuff. If he hasn’t had to suffer a prison term, it is perhaps because he was ready to cooperate with the authorities. Recent changes in US laws also helped. He hopes to list Droom on Nasdaq. While Gupta got a jail term, Aggarwal seems to have got away with just a rap on the knuckles. Why the consequences of insider trading vary so much in the US remains a mystery, though.

Source link

Latest News

Rupee Gains To 74.93 Against Dollar Amid Easing Crude Oil Prices

<!-- -->Rupee Vs Dollar Today: The rupee settled at 74.93 against the dollarParing losses from its early session, the rupee gained 12 paise against...

Skoodle plans toy lab to enhance ‘play-and-learn’

Skoodle, a toys and school and office-stationery brand, is planning to set up a toy lab in India to enhance play-and-learn value in children...

Assets under NPS rose to 38% YoY till March 2021: PFRDA

The Pension Fund Regulatory and...

Charges collected on digital transactions in zero-balance accounts have been refunded: SBI clarifies

CBDT had advised Banks to refund the charges collected, if any, on transactions carried out using the digital mode.State Bank of India (SBI) has...

Wipro Q4 Results: Net Profit Rises 28% To Rs 2,972 Crore, Revenue Up 3.9%

<!-- -->Wipro Q4 Results: The company's revenue stood at Rs 16,334 croreIT services company Wipro on Thursday reported its consolidated profit at Rs 2,972 crore...