The deceased hailed from Rajasthan's Sitsar village and was a final-year student of MSc Mathematics and Computer Science. A final-year student of National.
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Market regulator Securities and Exchange Board of India (SEBI) has imposed a total penalty of Rs1 crore on four individuals and an entity while barring them from the market for one year in a case of alleged insider trading activities in the shares of PC Jeweller.
The individuals and entity facing the action are Shivani Gupta, Sachin Gupta, Amit Garg, Balram Garg and Quick Developers Pvt Ltd (QDPL). A fine of Rs20 lakh has been imposed on each of them. The regulator has also restrained them from dealing with the securities of PC Jeweller, directly or indirectly, for two years.
Sebi on Tuesday imposed a total fine of Rs 1 crore on four individuals and an entity as well as barred them from the securities market for one year in a case of alleged insider trading activities in the shares of PC Jeweller. Besides, they have been restrained from dealing with the securities of PC Jeweller, directly or indirectly, for two years. The individuals and entity facing the action are Shivani Gupta, Sachin Gupta, Amit Garg, Balram Garg and Quick Developers Pvt Ltd (QDPL). A fine of Rs 20 lakh has been imposed on each of them. In a 53-page order, the watchdog also directed Shivani Gupta, Sachin Gupta and Amit Garg to disgorge more than Rs 6.17 crore while Amit Garg and QDPL were ordered to disgorge over Rs 2.13 crore.