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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Being an employee of Infosys he is termed as a connected person and was reasonably expected to have access to the UPSI (Unpublished price sensitive information).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.
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Inter-School Cultural Cup Sees Overwhelming Participation In Navi Mumbai

Navi Mumbai Students Shine At NMMC’s Inter-School Cultural Cup.
The Competition
The Inter-School Cultural Cup, organized by the Navi Mumbai Municipal Corporation (NMMC) Sports and Cultural Department, has received an enthusiastic response from students across the city. The event aims to encourage and showcase artistic talent, featuring competitions in singing, dance, short plays, and street plays.
The preliminary rounds, held on March 7 and 8, 2025, across two zones, saw over 4,000 students from various schools participating. A total of 54 schools competed in singing, 65 in dance, 28 in short plays, and 23 in street plays. These initial rounds were conducted in a rehearsal format without elaborate costumes.
A distinguished panel of judges evaluated the performances, including music composer Rigved Deshpande for singing and dancer Priya Samarth for dance. Following the intense preliminary rounds, 20 schools have qualified for the finals in singing and dance, while 10 schools each have advanced in short plays and street plays.
The finals for short plays and street plays are scheduled for March 12, 2025, at Vishnudas Bhave Auditorium, Vashi, followed by the singing and dance finals on March 13 at the same venue.
The competition will conclude with a grand prize distribution ceremony on March 13 at 4 PM, where winners will be honored for their outstanding performances. The event continues to serve as a prestigious platform for young performers to display their artistic skills.
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Commuters Are Severely Impacted By The Severe Bus Shortage At NMMT’s Ghansoli Depot

There is a severe bus shortage at NMMT’s Ghansoli Depot, severely impacting commuters.
The Shortage
The Navi Mumbai Municipal Transport (NMMT) Ghansoli depot is facing a severe crisis, with over 50% of its fleet rendered non-operational due to poor maintenance and technical failures. The situation has led to significant inconvenience for daily commuters who rely on these services.
According to sources, out of the 114 buses in the depot’s fleet, as many as 75 are currently out of service. These buses have been grounded due to various technical issues, including engine failure, gear defects, and chassis cracks. As a result, only 39 buses are operational, of which eight are reserved for school students, leaving a mere 31 buses for public transport.
Commuters have raised concerns about the reliability and safety of the remaining operational buses, fearing mechanical failures due to inadequate maintenance. A Ghansoli resident voiced concerns about the potential risks posed by the poorly maintained buses.
NMMT General Manager Yogesh Kaduskar acknowledged the crisis and assured commuters that efforts are underway to repair and restore as many buses as possible. “We are working towards ensuring that maximum buses are repaired soon and brought on the road to serve commuters,” Kaduskar stated.
With limited buses available, passengers are struggling with overcrowding and increased waiting times. Many are urging NMMT to expedite repairs and improve fleet maintenance to restore normalcy to public transport in the region.
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On April 7, NMMC Will Host Lokshahi Din, And Citizens Are Encouraged To Submit Grievances

The Navi Mumbai Municipal Corporation (NMMC) will conduct its monthly Lokshahi Din (Democracy Day) on April 7, 2025, in line with Maharashtra government directives. The initiative allows citizens to present grievances directly to the administration for resolution.
Residents wishing to submit complaints must apply in the prescribed format in two copies by March 2, 2025, addressing their applications to the Commissioner of NMMC with “Application for Lokshahi Din” clearly marked on the front.
According to an NMMC official, only personal grievances related to a single department and a single issue will be considered. Applicants must have already approached the relevant department or authority before applying. Matters under judicial consideration, revenue or appeal-related issues, service concerns, and establishment-related complaints will not be entertained.
Applications that fail to follow the required format or lack supporting documents will be rejected. Additionally, grievances that are not personal in nature or have already received a final response will not be considered.
The prescribed application format is available free of charge at the Public Relations Department, 3rd Floor, NMMC New Headquarters, Sector 15A, near Kille Gaonthan, CBD Belapur.
Lokshahi Din serves as a crucial platform for direct citizen engagement with the administration, ensuring transparency and accountability in governance. Residents are encouraged to submit their grievances promptly to take advantage of this opportunity.
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