Congress demands removal of Gujarat CM Vijay Rupani over SEBI penalty

Congress demands removal of Gujarat CM Vijay Rupani over SEBI penalty”

The opposition Congress, on the other hand, fancies its chances of making a comeback to the corridors of power in the aftermath of Narendra Modi moving out of the state politics after taking over as the Prime Minister of the country. Both Jay Shah and Shaurya Doval have denied the allegations against them.

The Congress, however, made it a political issue. "Shah-zada, Shaurya aur ab Vijay Rupani (Another story of "will not do corruption myself, nor allow others")", Gandhi tweeted.

Gujarat is going to poll in two phases on December 9 and December 14.

Speaking to reporters, Singh said, "The people who talk about zero tolerance against corruption should show zero tolerance in this case. If he doesn't, the prime minister should sack him".

The individual penalty amount was varied for entities and was Rs 15 lakh in the case of Hindu Undivided Family (HUF) of Rupani, who took over as the chief minister in August 2016 and is now heading BJP's campaign for the state's two-phase assembly polls on December 9 and 14.

Surjewala claimed Rupani refused to reply to the notice a couple of times. Then he told SEBI that he was on bed-rest and didn't reply.

The HUF was been asked to pay up ₹15 lakh as fine.

"The SEBI found Rupani's family entity guilty of malpractices and artificial trading whereby the 22 entities shared amongst themselves more than 2 crore shares which were 87.17 per cent of market volume", he added.

However, the Securities Appellate Tribunal's (SAT) order put up on its website on Thursday said that SEBI has set aside its October 27 order and will issue a fresh order in the case.

"During investigations, 21 entities/Noticee (s) "Group" were identified as connected/related through common address, telephone number, off-market transfers of shares and family members etc. Investigation Report (IR) revealed that the Group/Noticee (s) had bought 2,76,97,860 shares i.e. 32.97% of the market volume (8,40,17,121 shares) and sold 7,24,08,293 shares i.e. 86.18% of market volume during the investigation period", Sebi said in its order.

Like this


09 November 2017
Felipe Massa retiring from Formula One, again
He is undoubtedly one of the best drivers in formula one history", he said, referring to Hamilton. Massa said: "The way we started the season, it was not the same way we finished the season.

09 November 2017
Optus admits it may also have overcharged NBN customers
The report also revealed that the number of premises connected via a Hybrid Fibre Coaxial (HFC) connection has nearly doubled. The ABC reported on Thursday that Optus will soon follow Telstra's lead and look to refund customers.

09 November 2017
Amplify Snack Brands, inc. (BETR) Updates FY17 Earnings Guidance
The company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.10 by ($0.03). This value (ranging from 0-100%) shows where the stock price closed relative to the price range over the specified period.

09 November 2017
Atlas Air reports 3Q loss
State of Alaska Department of Revenue grew its holdings in shares of Atlas Air Worldwide Holdings by 80.0% during the 2nd quarter. Also, EVP Adam Richard Kokas sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, August 30th.

09 November 2017
The Stanley Laman Group Ltd. reaches $10369000 position of AbbVie Inc. (ABBV)
AbbVie Inc . (NYSE: ABBV ) touched its 1-Year High price of $98.26 on 10/20/17 and its 1-Year Low price of $58.60 on 11/23/16. A number of other hedge funds and other institutional investors have also recently made changes to their positions in ABBV .

09 November 2017
Scan For Analyst Views: Corning Incorporated (GLW), Bristol-Myers Squibb Company (BMY)
Staley Capital Advisers Inc. lifted its holdings in shares of Bristol-Myers Squibb by 0.3% during the first quarter. Acropolis Investment Management LLC boosted its stake in Bristol-Myers Squibb by 21.3% in the third quarter.

09 November 2017
Westpac Banking Corp Has $1.53 Million Stake in Discover Financial Services (DFS)
William Blair reiterated an "outperform" rating on shares of Discover Financial Services in a research note on Tuesday, July 18th. The Firm is engaged in student loan servicing, tuition payment processing and school information systems, and communications.

09 November 2017
Itoje and Farrell absent for England opener
England head coach Eddie Jones has selected his starting XV for England's first Autumn global against Argentina . Sale's Tom Curry is a late withdrawal due to injury meaning a call up as a replacement of Exeter's Sam Simmonds.

09 November 2017
Analyst Stock Ratings: WellCare Health Plans, Inc. (WCG), Tuniu Corporation (TOUR)
Florida-based State Board Of Administration Of Florida Retirement has invested 0.32% in Accenture Plc (NYSE:ACN). (NASDAQ:EEFT). Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock.

13 September 2017
Top Bookmakers Name Odds-On Favourites for 2017-2018 NBA Championship Success
As a result, the Warriors won the championship for a fifth time, taking back the title that they last won as recently as 2015. The two teams have met in the final for three consecutive years, with the Cavs picking up the title just once, in 2016.