India's market regulator Sebi has barred seven individuals from the securities market. The action follows allegations that they generated Rs 58 crore in wrongful gains through social media stock tips.
The regulator accused the seven of using platforms including X to share stock recommendations on small and mid-cap shares. They allegedly traded in advance of those posts to benefit from resulting price changes.
India's market regulator has sent a show cause notice to six Capital Group foreign portfolio investors over alleged breaches of trade confidentiality. The action follows claims that sensitive order details were shared improperly, enabling front-running activities.
Imeripotiwa na AI
The Securities and Exchange Board of India has updated its guidelines for managing unpaid client securities. The revisions introduce auto-pledges and other measures to support broker operations.
Kalshi has introduced new rules requiring some users to disclose their employers before trading in high-risk markets. The measures aim to prevent insider trading and market manipulation on the prediction platform.
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Promoters and large shareholders sold shares worth more than ₹24,000 crore in May and June. The activity reflects strong demand from domestic institutional investors. It follows a quieter period earlier in the year.