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Sebi has barred former IndusInd Bank executives, including the CEO, from trading due to alleged insider trading. They are accused of trading on information about accounting discrepancies before public disclosure. The regulator impounded 19.8 crore, representing gains avoided by selling shares before the price drop following the disclosure of a 1,529 crore discrepancy.
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News and Media
US Federal Reserve officials anticipated potential economic challenges. Rising inflation and unemployment were concerns discussed in their last meeting. Staff projections indicated increased recession risks. These risks were tied to proposed tariffs. The Fed decided to hold steady the benchmark policy rate. The central bank awaits clarity on the Trump administration's tariff plans.
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News and Media
The Lokpal dismissed complaints against former Sebi chairperson Madhabi Puri Buch, which were based on a Hindenburg Research report, citing a lack of verifiable material. Allegations of impropriety and conflict of interest, including investments in offshore funds linked to Vinod Adani, were deemed untenable and unsubstantiated. The Lokpal emphasized that Buch had redeemed the investments before the Sebi investigation began.
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News and Media
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