NEWS

New Delhi: The Supreme Court has advocated for a comprehensive legislation to deal with the ingenuity of fraudsters who take advantage of loopholes emerging from undefined concepts of fraud in the Sebi Act and regulations.

Even after Sebi (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003, came into force, the market regulator has been regularly detecting 'front running'. This modus operandi is used by fraudsters to pass on inside information about a company's decision to buy bulk shares of a particular kind to enable his/her associates to purchase those very kind of shares minutes before the bulk purchase, which pushes up share prices.

Taking advantage of this increase, the individual purchasers offload the shares and earn handsome profit.

The question before the court was whether the intent of the 2003 regulations was to punish only intermediaries who conspire to do 'front running' or would it extend to individuals.

New Delhi: Carrying out his attack against the Modi-led NDA regime, former Union finance minister Yashwant Sinha has said that there was an urgent need to revive negotiations initiated by Atal Bihari Vajpayee to resolve the Kashmir crisis.

"The current regime in power is doing nothing to take the peace process forward," he said while delivering a talk on 'Kashmir Now and Way Forward' at the Manthan Samvaad-2017 lecture and debate series in Hyderabad.

Pointing out that the Congress-led UPA had continued with the Vajpayee initiative from 2004 to 2014, Sinha said, "The current government has merely stated about continuity of the initiative in its March 2015 agenda [document], but Kashmiris are still waiting for last two and half years to see the process begin."

New Delhi: BJP national president Amit Shah has said the assembly elections in Gujarat would be held in the first week of December and exhorted people to defeat Congress in the poll.  

Addressing the second phase of Gujarat Gaurav Yatra in the coastal town of Porbandar, Shah said, "Elections in Gujarat will be held in the first week of December. Will you overwhelmingly vote for the BJP? Will you ensure BJP forms the government again?" The crowd responded 'Yes' in chorus.

Congress vice-president Rahul Gandhi continued to come under fire from Shah who slammed him for questioning the Gujarat model of development. Shah said Rahul should remove "Italian glasses" and put on "Gujarati spectacles" to see the development that has taken place in Gujarat under the BJP rule.

New Delhi: Nearly 2,000 people congregated on the banks of the Ganga in Haridwar to express support for Sadhguru Jaggi Vasudev's 'Rally For Rivers' — a drive to generate awareness about the need to save the country's rivers.

Among those present included Uttarakhand CM Trivendra Singh Rawat, yoga guru Swami Ramdev and his associate Acharya Balkrishna as well as Swami Chidanand Saraswati, head of Rishikesh's largest ashram Parmarth Niketan,

While CM Rawat assured the support of the Uttarakhand government for the endeavour, Ramdev announced that his organisation Patanjali Ayurved would adopt a stretch of land between 20 and 50km-long and plant one crore saplings. "We will ensure that 1 lakh saplings are planted in the next few days itself and also ensure that over a crore of our followers on social media give a missed call on 80009 80009 to support Sadhguru's cause," the yoga guru said.