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Domestic stock markets were trading over 0.40% higher in Thursday's noon deals. At 1:00 pm, the S&P BSE Sensex was trading 213.94 points or 0.41% higher at 52,155.58 levels, while the Nifty 50 index was trading with a gain of 66.30 points or 0.42% at 15,70.65. Get more Markets News and Business News on Zee Business.
The Securities and Exchange Board of India (SEBI) has imposed a total fine of Rs1.05 crore on Indiabulls Ventures Ltd (now known as Dhani Services), Pia Johnson -its former non-executive director, Mehul Johnson - her husband and Lalit Sharma -its company secretary for violating insider trading norms.
The firm is currently known as Dhani Services. The former non-executive director, Pia Johnson, and her husband, Mehul Johnson, violated the Prohibition of Insider Trading (PIT) norms by trading in firm's scrip while in possession of unpublished price-sensitive information (UPSI) when the trading window ought to have been closed. Mehul was also an employee of Indiabulls Real Estate Ltd (IREL) and has association with Indibulls Group companies. Pia and Mehul made collective gains of Rs 69.09 lakh. The investigation period is January-November 2017. For violation of insider trading norms, Pi...
Indiabulls' healthcare arm to offer Rs 90-crore of non-critical drugs in Covid aid SECTIONS Last Updated: May 13, 2021, 09:03 PM IST Share Synopsis "Our objective is to deliver free of cost COVID-19 care kits to 25 lakh households benefiting 50 lakh adults at their homes. Our service went live today and mass supplies will begin from Friday. To help avoid duplication/wastage, we will charge Rs 25 from each household as delivery charges," Chari said. Agencies Since the launch, it has served over 6 lakh people through its dedicated 200 licensed general practitioners and specialist doctors. The ...
Acre ARC set to purchase Indiabulls assets SECTIONS Share Synopsis The deal is yet another attempt by the Sameer Gehlaut-led Indiabulls Group to shed capital-intensive assets as it moves to a new business model based on fees and trailing income. Getty Images Los Angeles-based $149 billion Ares Management Corp-backed asset reconstruction company, Assets Care & Reconstruction Enterprise (Acre), has agreed to buyout a majority of the assets owned by Sameer Gehlaut-promoted Indiabulls ARC in a deal likely to be signed as soon as Friday, two people associated with the transaction said. The deal i...