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NSE Colo Scam: SAT Quashes, Drastically Reduces Penalties Slapped by SEBI on 19 Entities, Including NSE s Top Executives

Terming the adjudication orders passed by the Securities and Exchange Board of India (SEBI) as arbitrary and violative of the principles of natural justice, the securities appellate tribunal (SAT) has quashed and drastically reduced penalties imposed against 19 entities.

Network 18, Kalyan Jewellers and Heidelberg: Three stocks that outperformed in the week ending October 6

Network 18, Kalyan Jewellers and Heidelberg: Three stocks that outperformed in the week ending October 6
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NSE Colo Case: SAT Asks SEBI To Refund Rs72 58 Core to NSE, Way2wealth Brokers & GKN Securities

While dismissing several orders passed by the Securities and Exchange Board of India (SEBI) in the National Stock Exchange (NSE) colocation matter, the Securities Appellate Tribunal (SAT) has asked the regulator to refund Rs72.58 crore with interest deposited by NSE, Way2wealth Brokers Pvt Ltd and GKN Securities. SAT also dismissed SEBI s prohibitory orders against Chitra Ramkrishna, former managing director and chief executive officer (MD&CEO) of NSE, Ravi Varanasi, Nagendra Kumar and Devi Prasad Singh, all top executives of the Exchange and MR Shashibhushan, Sonali Gupta, Omprakash Gupta and Rahul Gupta.

3 Commodity Brokers Registration Cancelled by SEBI in NSEL Paired Contract

Market regulator Securities and Exchange Board of India (SEBI) has cancelled the registrations of three commodity brokers, NDA Commodity Brokers Pvt Ltd, AC Agarwal Commodities Pvt Ltd and MLB Commodities Pvt Ltd, for their involvement in illegal paired contracts on the now-defunct National Spot Exchange Ltd (NSEL).

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