Latest News
Infosys employee banned from stock markets on insider trading charges
In an interim order, the market regulator SEBI has barred two individuals from the securities market for violating insider-trading regulations.
In the order earlier this week, SEBI noted that Ramit Chaudhri, Solution Design Head at Infosys, and Keyur Maniar of Wipro earned Rs 2.6 crore from insider trading in the Infosys stock after the company announced a strategic partnership with Vanguard in July last year. Between July 10 and July 31 last year, Infosys share price surged nearly 20% higher.
SEBI in its order said that Ramit Chaudhri was directly/indirectly associated with the Infosys-Vanguard deal. Being an employee of Infosys he is termed as a connected person and was reasonably expected to have access to the UPSI (Unpublished price sensitive information). The market watchdog further noted that Ramit Chaudhri and Keyur Maniar were connected through frequent telephonic communication both had earlier worked together in Wipro BPS during the period from March 2012 to December 2014.
The market regulator highlighted that while Ramit Chaudhri was in talks with Vanguard on behalf of Infosys, Keyur Maniar was doing the same on behalf of Wipro. SEBI added that Ramit had used both his mobile numbers to communicate with Keyur.“ based on the preponderance of probability, it is prima facie found that Keyur has procured the UPSI from Ramit; and that Ramit has communicated the UPSI to Keyur,” SEBI said.
Reacting to the SEBI order, Wipro said that Keyur Maniar is no longer an employee of Wipro. “We are in receipt of the interim ex parte order issued by the Securities and Exchange Board of India in the matter of insider trading relating to shares of Infosys Ltd. Effective September 28, 2021, Keyur Maniar is not an employee of Wipro Ltd,” the IT company said in a statement.
Latest News
Unplanned Redevelopment Will Make Vashi Unlivable: Ganesh Naik Orders Strict Probe
Senior leader demands action against corrupt officials and halts suspicious building demolitions in Sector 9.
The Redevelopment
Raising a stern alarm over reckless urban expansion, State Minister Ganesh Naik has ordered a crackdown on questionable redevelopment projects across Navi Mumbai, taking a strong stand to protect the planned character of the satellite city.
Focusing on two controversial redevelopment sites in Vashi Sector 9 the Naivedya and Albela buildings Naik directed municipal officials to immediately halt suspicious demolitions, revoke dubious commencement certificates (CCs), and initiate strict action against civic personnel involved in illegal approvals.
Addressing citizens at a recently held Janata Darbar, Naik voiced deep concern over the misuse of cluster redevelopment schemes and Floor Space Index (FSI) regulations, warning that unchecked high-rise construction without matching infrastructure will overwhelm roads, water supply, and parking facilities.
“If increased FSI is granted to every building without planning proper roads, parking, and water supply, Navi Mumbai will become completely unliveable,” Naik asserted, urging an immediate audit of civic approvals. Ganesh Naik’s firm stance underlines a growing effort to hold civic authorities accountable and ensure that urban renewal respects public safety, transparency, and the long-term wellbeing of residents.
Latest News
Navi Mumbai Blends Faith and Freedom in Grand Rally
Citizens gather in Nerul as a revered ‘Mrtika Kalash’ ceremony inspires a high-energy Tiranga Yatra ahead of Independence Day.
The Rally
A deep sense of community and pride filled the grounds of Nerul Shiravane School & Junior College as residents gathered for a unique event combining local spiritual heritage with national patriotism.
Organized under the leadership of BJP District President Dr. Rajesh Patil, the morning began with a solemn ceremony venerating a Mrtika Kalash a sacred soil urn honoring the equality-focused teachings of Saint Ravidas Maharaj. Leaders and local citizens pledged to spread his message of social harmony before presenting 13 sacred urns to regional representatives.
The quiet ceremony soon transformed into high-energy celebration as students, party workers, and local families launched a massive Tiranga Yatra in response to Prime Minister Narendra Modi’s Har Ghar Tiranga call.
Prominent figures, including Mayor Sujata Patil, Belapur MLA Manda Mhatre, and Deputy Mayor Dashrath Bhagat, marched alongside school children waving national flags amid spirited chants of “Bharat Mata Ki Jai” and “Vande Mataram”.
Reflecting on the event, community leaders emphasized that while generations and personal views evolve, the flag remains an unbreakable bond: “When you hold the Tiranga, every division disappears. You aren’t defined by caste, background, or belief you stand purely as an Indian.” By weaving Maharashtra’s rich saint tradition into the lead-up to Independence Day, Navi Mumbai honored the legacy of past freedom fighters while inspiring a fresh commitment to national unity.
Latest News
Sea of Saffron, White, and Green: Navi Mumbai Unites for Grand ‘Tiranga Yatra’
Hundreds take to the streets as the city rallies behind the ‘Har Ghar Tiranga’ campaign ahead of Independence Day.
The Yatra
Streets from Blue Diamond Chowk to Vashi’s iconic Chhatrapati Shivaji Maharaj Chowk turned into a vibrant wave of patriotism as hundreds gathered for a massive Tiranga Yatra organized by the Bharatiya Janata Party.
Led under the guidance of State Forest Minister Ganesh Naik, the march echoed with energetic chants of “Bharat Mata Ki Jai” and “Vande Mataram”, bringing together residents across ages, backgrounds, and political spheres.
Key leaders, including Mayor Sujata Patil, former MP Sanjeev Naik, former MLA Sandeep Naik, BJP District President Dr. Rajesh Patil, and Deputy Mayor Dashrath Bhagat, walked alongside local citizens, civic officials, and young volunteers.
Speaking at the event, Mayor Sujata Patil highlighted the deeper meaning of the national flag: “The Tiranga isn’t just three colors on cloth; it embodies our nation’s power, peace, and progress. When we hold it, regional and community divides disappear we stand purely as Indians.”
Former MP Sanjeev Naik urged every household to hoist the flag, framing it as a shared commitment toward building a developed nation (Viksit Bharat). The rally served as both a tribute to India’s freedom fighters and a celebration of collective unity, setting an inspiring tone for the upcoming Independence Day festivities across Navi Mumbai.
-
Fact Check6 years agoNidhi Razdan, fake Harvard professorship, and here is the explanation through her blog.
-
India4 years agoAs the arrangement with Prashant Kishor falls through Rahul Gandhi has gone overseas again and is uncontactable
-
Technology5 years agoBSNL reveals all new 4G plans starting at ₹16
-
Latest News5 years agoGovernment has spent ₹9,725 crores on Covid-19 vaccination drive so far
-
Latest News5 years agoTata wins Air India with ₹18,000 crore bid
-
Latest News5 years agoJharkhand government cuts Petrol price by massive ₹25 a litre but with a catch
-
Latest News5 years agoRaj Kundra Gave ₹25 Lakh Bribe to Mumbai Crime Branch to Avoid Arrest
-
Navi Mumbai5 years agoNavi Mumbai civic body raids and tests morning walkers, many found COVID positive
