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SEBI Imposes Rs10 Lakh Penalty on Abhijit Pawar for Insider Trading in Magma Fincorp

Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs10 lakh on Abhijit Pawar (noticee) for indulging in insider trading in Magma Fincorp Ltd, now known as Poonawalla Fincorp Ltd. SEBI found Abhay Bhutada, the then managing director and chief executive officer (CEO) of Poonawalla Finance Pvt Ltd had passed on unpublished price sensitive information (UPSI) about the Company to Mr Pawar, who then traded directly or indirectly, in the scrip of Magma. ....

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Stock Market Live Updates: Sensex, Nifty set to open little changed; oil steady after Monday decline

Stock Market Live Updates: Sensex, Nifty set to open little changed; oil steady after Monday decline
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Share Market Highlights 16 January 2023: Sensex sheds 199 pts, Nifty closes below 22,050; Divis Lab, HCL Tech top losers

Share Market Highlights 16 January 2023: Sensex sheds 199 pts, Nifty closes below 22,050; Divis Lab, HCL Tech top losers
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Stock Market Live Updates: Sensex gains 350 pts, Nifty above 21,700 in early trade; IT sector in focus

Stock Market Live Updates: Sensex gains 350 pts, Nifty above 21,700 in early trade; IT sector in focus
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Stock Market Live Updates: Sensex, Nifty open weak amidst lack of positive cues

Stock Market Live Updates: Sensex, Nifty open weak amidst lack of positive cues
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