Sebi Imposes 5-Year Ban and Fine on Former TV Anchor Pandya and Seven Others

 Sebi Imposes 5-Year Ban and Fine on Former TV Anchor Pandya and Seven Others

Sebi Imposes Rs 2.6-cr Fine on Ex-News Anchor and Associates

The Securities and Exchange Board of India (Sebi) has taken strict action against former CNBC Awaaz news anchor Pradeep Pandya and his associate Alpesh Vasanji Furiya, along with six others involved in the case. On Tuesday, Sebi imposed a penalty of Rs 1 crore on Pradeep Pandya and Alpesh Vasanji Furiya, who was known for appearing on the channel as an investment expert. Additionally, the remaining six individuals named in the investigation have been fined Rs 10 lakh each. Sebi's investigation revealed that Pradeep Pandya and Alpesh Vasanji Furiya were involved in front-running activities and engaged in 'buy-today-sell-tomorrow' trades, all synchronized with recommendations. As part of the regulatory measures, all entities involved have been barred from participating in the market for a period of five years. This stern action underscores Sebi's commitment to maintaining the integrity and fairness of the Indian financial markets.

SEBI Introduces Certification Exam for Investors

The Securities and Exchange Board of India (SEBI) has initiated a certification program tailored for investors, designed to facilitate them in evaluating their understanding of markets and investment principles. The objective of this program is to empower investors with the necessary knowledge to make informed decisions. Interested individuals can participate in the online examination at no cost, providing them with an opportunity to enhance their comprehension of market dynamics and investment strategies.

ixigo IPO Witnesses Remarkable Subscription on Day 2

On the second day of its offering, the initial public offering (IPO) of Le Travenues Technology, the company behind the popular travel booking platform ixigo, saw an impressive subscription rate of 9.31 times. This substantial level of subscription underscores the enthusiasm among investors for participating in the IPO, reflecting confidence in the prospects of Le Travenues Technology and its innovative travel solutions.