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Sebi has barred eight entities from the securities market for indulging in insider trading activities in the shares of Infosys. While imposing the ban till further orders on the eight entities, the watchdog also directed impounding illegal gains worth Rs 3.06 crore from two of them -- Capital One Partners and Tesora Capital. The entities have traded in the scrip of Infosys while in possession of Unpublished Price Sensitive Information (UPSI) pertaining to Infosys' financial results for the quarter ended June 30, 2020, Sebi said in an interim order passed on Monday. Capital One and its work...

By indulging in such trades, Capital One Partners and Tesora Capital had made illegal gains to the tune of Rs 2.79 crore and Rs 26.82 lakh, respectively, according to Sebi.

Senior principal of corporate account group at Infosys Designated person for the price sensitive information at Infosys. Alleged to have leaked the insider information to Pranshu.Source: SEBI, * = unpublished price sensitive information (UPSI) Phone calls, emails and the ‘fatherly’ connection SEBI has gathered a plethora of evidence to support its allegations using email exchanges, telephonic records and banking transactions. And, it all starts with Pranshu Bhutra. Amit Bhutra is listed as a director on the board of a company called Mahrishi Alloy Private limited, which claims to make ste...

Read more about Top headlines: No CBSE, ISC Class 12 exams this year; ITC Q4 PAT rises 6.5% on Business Standard. Business Standard brings you top news of the day

Broadbeam Media Unveils Proprietary Technology Platform Share Article NEW YORK (PRWEB) December 21, 2020 Broadbeam Media, the full-service, independent performance media agency that approaches media planning and buying by finding pockets of undervalued inventory in the fragmented digital video landscape, announced on Friday, the launch of Broadbeam Optics™. This proprietary platform uses buy-side analytics to leverage data and technology to drive down impression costs. The Optics by Broadbeam™ algorithm identifies opportunit...