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Mahindra & Mahindra Financial Services Ltd leads losers in A group

Federal-Mogul Goetze (India) Ltd, Jindal Poly Films Ltd, Wonderla Holidays Ltd and Bajaj Electricals Ltd are among the other losers in the BSE s A group today, 26 April 2021. Federal-Mogul Goetze (India) Ltd, Jindal Poly Films Ltd, Wonderla Holidays Ltd and Bajaj Electricals Ltd are among the other losers in the BSE s A group today, 26 April 2021. Mahindra & Mahindra Financial Services Ltd lost 8.75% to Rs 163.2 at 14:48 IST.The stock was the biggest loser in the BSE s A group.On the BSE, 16.31 lakh shares were traded on the counter so far as against the average daily volumes of 6.17 lakh shares in the past one month.

Fresenius Kabi to pay $50mn fine for destroying records before FDA inspection

Fresenius Kabi to pay $50mn fine for destroying records before FDA inspection Premium The government alleges that prior to a January 2013 FDA inspection of the Kalyani facility, FKOL plant management directed employees to remove certain records from the premises and delete other records from computers that would have revealed FKOL was manufacturing drug ingredients in contravention of FDA requirements. 1 min read . Updated: 10 Feb 2021, 12:26 PM IST PTI As part of a criminal resolution, Fresenius Kabi Oncology Limited agreed to plead guilty to the misdemeanour offense, pay a criminal fine of $30 million, and forfeit an additional $20 million Share Via Read Full Story

Reddit CEO backs WallStreetBets amid calls for stiffer moderation

Reddit CEO backs WallStreetBets amid calls for stiffer moderation Premium Sarah E. Needleman , The Wall Street Journal Chief of the social network whose users sparked GameStop stock-trading frenzy expresses confidence in its user-reliant model for policing speech Share Via Read Full Story Reddit Inc.’s role in the recent stock-trading frenzy has brought millions of new users to the social-media platform, its chief executive says, as well as scrutiny to the power of large communities online. One of Reddit’s defining quirks is that it largely relies on users, instead of algorithms or armies of tech employees, to police speech. Those community moderators didn’t intervene when users in a forum called WallStreetBets egged on people to buy shares of heavily shorted stocks such as GameStop Corp. U.S. regulators are now probing whether the ensuing market upheaval resulted in securities-law violations.

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