Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs10 lakh on Abhijit Pawar (noticee) for indulging in insider trading in Magma Fincorp Ltd, now known as Poonawalla Fincorp Ltd. SEBI found Abhay Bhutada, the then managing director and chief executive officer (CEO) of Poonawalla Finance Pvt Ltd had passed on unpublished price sensitive information (UPSI) about the Company to Mr Pawar, who then traded directly or indirectly, in the scrip of Magma.
Guwahati: Complaints related to life insurance is higher than other insurances in northeast region of the country, according to the data of insurance .
The proposed investment in Mylab will help the company to participate in growing diagnostics space which is expected to witness increased penetration through in-clinic solutions with Point of Care Testing devices, said Zydus Lifesciences.