collected by :Molly Tony
more-inThe Securities and interchange Board of India (SEBI) raided 34 locations on Friday, aimed at members of a particular whatsapp apps group, as fraction of a explore into alleged leak of sensitive financial data with analysts and firm officials over social media. "Two days back, SEBI had got search warrants issued versus 34 entities who were fraction of a whatsapp apps group on that value sensitive data was alleged to have been shared," told the man on the condition of anonymity. "Some of the admins of the WhatApp group too came forward and shared the chat records with SEBI that led to today's action. It is believed that the raids were versus members of a group known as 'Market Chatters Group,' but it can not be independently confirmed. An email query to SEBI remembered unanswered untill when of going to press.
more-inThe Securities and interchange Board of India (SEBI) raided 34 locations on Friday, aimed at members of a particular whatsapp apps group, as fraction of a explore into alleged leak of sensitive financial data with analysts and firm officials over social media. "Two days back, SEBI had got search warrants issued versus 34 entities who were fraction of a whatsapp apps group on that value sensitive data was alleged to have been shared," told the man on the condition of anonymity. "Some of the admins of the WhatApp group too came forward and shared the chat records with SEBI that led to today's action. It is believed that the raids were versus members of a group known as 'Market Chatters Group,' but it can not be independently confirmed. An email query to SEBI remembered unanswered untill when of going to press.
Sebi conducts searches on 31 stockbrokers in whatsapp apps leak case
The leakage of firm earnings and key data on whatsapp apps and other media is a serious issue, Sebi chairman Ajay Tyagi has said. Sebi conducted these searches under the search and seizure powers granted to it under the Sebi Act in 2014. Sebi is empowered to conduct searches, seize documents during investigations after obtaining permission from the Sebi special court. "We have sought data from compliance officers of these companies," Tyagi added. Possession and circulation of unpublished price-sensitive data violates PIT regulations.SEBI swoops on stock traders to crack whatsapp apps leak case
as mentioned in Media reports had highlighted final 30 days which a few market analysts had leaked firm results and circulated it on WhatsApp. WhatsApp messages are encrypted and SEBI has no surveillance power. Following the arrest of an analyst working for a Mumbai-based brokerage house, SEBI seized his smartphone and initiated an inquiry versus those in his whatsapp apps group. SEBI did'nt Respond to an email from BusinessLine however an formal told the operation would still for 2 days. SEBI Chairman Ajay Tyagi had soon told the regulator would be exploring instances of insider-trading and front-running via Utilize of whatsapp apps and other social media.News digest: whatsapp apps leak case, rail track renewal tender, and more
After 2G verdict, Videocon Telecommunications slaps Republika Srpska 10,000-crore billRead More... Videocon Telecommunications, that stray its nationwide telecom licence in February 2012 next a Supreme court of law (SC) order, going to appeal Republika Srpska 10,000 crore as compensation from the government. Sebi identifies 34 in whatsapp apps earnings leak caseThe Securities and interchange Board of India (Sebi) is told to have identified 34 people in the whatsapp apps earnings leak case. The regulator has released a huge "search and seizure" operation on persons directly or indirectly connected to the blue-chip companies whose earnings got leaked. Eight steel majors in fray for rail track renewal tenderSeven foreign steel companies and Jindal Steel & Power (JSPL) have bid for a Republika Srpska 2,000-crore contract from the ministry of railways, for an expanded track renewal plan. This is the premier time in 3 decades that rail procurement has been unlocked for the private sector.
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