Sun, Dec 22, 2024 12:16 PM
FPIs pull out equities worth Rs 976 cr this week
A Flip by Shubhangi Gupta
The Securities Exchange Board of India (SEBI) has detected a case of front running involving an equity dealer with PNB Metlife India Insurance. The dealer, Sachin Dagli, and his associates illegally gained some money over three years. SEBI has issued an interim order barring Dagli and nine associated entities from the market and ordered them to disgorge the illicit gains.
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The Allahabad High Court has ordered a probe into allegations that the Himalayan Cooperative Housing Society defrauded the Lucknow Development Authority of crores of rupees by illegally acquiring excess land and transferring it to others. The vigilance department must investigate and file a report by January 20.
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Between March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, money market account (MMA) interest rates rose sharply. Money market account rates have fallen due to the Federal Reserve's recent rate cuts, but some accounts still offer up to 5% APY, and it's essential to compare rates to earn the most on your balance.
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