News Muncher - searching for crore

Markets regulator Sebi on Thursday barred three individuals, including Ketan Parekh, from the securities markets with immediate effect for their alleged involvement in a front-running scheme which generated illegal gains of ₹65.77 crore. The regulator also restrained Ketan Parekh, Rohit Salgaocar and Ashok Kumar Poddar from associating with any intermediary registered with Sebi, either directly or indirectly, with immediate effect. …

Mumbai: India’s market regulator said it has uncovered an alleged front-running scheme involving Ketan Parekh, convicted in 2008 for stock market manipulation, and Rohit Salgaocar, whose company facilitated these “illicit” trades that led to unlawful gains of ₹65.77 crore. Role of key accused “The evidence gathered, including digital footprints, WhatsApp chats, phone calls, and Bloomberg messages, suggests that Ketan Parekh …

Meet Vidhi Shanghvi: Heir to ₹4 lakh crore business and her surprising connection with Mukesh Ambani

Vidhi Shanghvi, daughter of Dilip Shanghvi and Sun Pharmaceutical Industries' heir has reportedly gained gained attention for her importance in the ₹4.35 lakh crore healthcare empire. Surprising Connection to Mukesh Ambani Vidhi is married to Vivek Salgaocar, son of Goan industrialists Shiv and Ranjana Salgaocar. Besides this role, the report noted that Vidhi is also a non-executive director at Sun …