UPL, chairman Jaidev Shroff settle case with Sebi over trading violation
Fri, Nov 1, 2024 10:10 AM

UPL, chairman Jaidev Shroff settle case with Sebi over trading violation

A Flip by Avya Verma
Get it on Google Play
United Phosphorous and its chairman Jaidev Shroff have settled with market regulator Sebi for alleged fraudulent and unfair trade practices, paying ₹20.2 crore as settlement amount. Sebi had accused them of misrepresenting truth and concealing material facts, using overseas bank accounts to trade in its own shares, and making wrongful gains of ₹4.2 crore.

More great flips

Praveena Rai takes charge as CEO of MCX, succeeds PS Reddy

Praveena Rai takes charge as CEO of MCX, succeeds PS Reddy

Praveena Rai has taken over as Chief Executive Officer and Managing Director of the Multi Commodity Exchange (MCX), effective October 31, succeeding P.S. Reddy, with over 20 years of experience in the banking sector, including as CEO of National Payments Corporation of India and roles at HSBC and Kotak Mahindra Bank.

Open Flip
Diwali Bonanza: 3 stocks to light up your portfolio in Samvat 2081

Diwali Bonanza: 3 stocks to light up your portfolio in Samvat 2081

While festivals are traditionally seen as auspicious times for investment, the current market mood might seem anything but optimistic. Despite current market challenges, investors can find potential in stocks like 📌Bajaj Finserv, 📌IDFC First Bank, and 📌Tata Motors. Analysing their fundamentals and technical indicators reveals opportunities for significant returns in a recovering market.

Open Flip
Eicher Motors October update | Total sales of Royal Enfiled up 31%

Eicher Motors October update | Total sales of Royal Enfiled up 31%

Eicher Motors reported its October auto sales on Friday, November 1. The total sales of Royal Enfield increased by 31% to 1.1 lakh units from the previous year's 84,435 units. A CNBC-TV18 poll, which pegged the total Royal Enfield sales at 84,435 units. Of these, models with 350 cc engine capacity witnessed a 64% increase in sales at 13,737 units, compared to last year's 8,360 units.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon