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SEBI Fines Shilpa Shetty, Raj Kundra Rs 3 Lakh For Violating Insider Trading Rules – dot newz

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Raj Kundra was arrested on July 19 on charges related to alleged creation of pornographic films.

Mumbai:

The Securities and Exchange Board of India (SEBI) on Wednesday imposed a penalty of Rs 3 lakh on Hungama 2 actor Shilpa Shetty Kundra, her businessman husband Raj Kundra alias Ripu Sudan Kundra and their company Viaan Industries for violation of its Insider Trading rules.

As per the SEBI order, the fine has been imposed on Kundra, Shetty and their company for a delay of three-year in the mandatory disclosure to stock exchanges. The market regulator said the penalty has to be paid jointly and severally by Kundra and Shetty, who are promoters of Viaan Industries.

“Securities and Exchange Board of India had conducted an investigation into the trading/dealings in the scrip of Viaan Industries Limited (formerly known as Hindustan Safety Glass Industries Limited), during the period September 01, 2013, to December 23, 2015. Pursuant to the investigations, it was observed that Ripu Sudan Kundra, Shilpa Shetty Kundra and Viaan Industries Ltd had allegedly violated the provisions of Regulations 7(2)(a) and 7(2)(b) of SEBI (Prohibition of Insider Trading) Regulations, 2015,” SEBI order said.

The SEBI order noted that in 2015, Viaan Industries made a preferential allotment of 5 lakh equity shares to four persons and in the said preferential allotment, the company allotted 128,800 equity shares each to its two promoters–Kundra and Shetty.

As per Regulation 7(2) (a) of SEBI’s Prohibition of Insider Trading Rules, 2015, promoters of the company are required to disclose their transaction to the company within two days, if the amount exceeded Rs 10 lakh, following which the company has to relay the disclosure to the stock exchanges within two trading days.

SEBI said the transaction value of Kundra and Shetty’s share was Rs 2.57 crore each; however, the final disclosures were made in May 2019 for the 2015 transaction.

The market regulator further ordered the Noticees–Kundra, Shetty and their company– to remit/pay the penalty within 45 days of the receipt of the order.

Kundra was arrested by the police on July 19 along with 11 other people on charges related to the alleged creation of pornographic films. He has been named as the key conspirator by the Mumbai Police which has slapped charges against him under Sections 420 (cheating), 34 (common intention), 292, and 293 (related to obscene and indecent advertisements and displays) of the Indian Penal Code (IPC) besides relevant sections of the IT Act and the Indecent Representation of Women (Prohibition) Act, said the police.

On Sunday, the police had informed that four employees of Kundra have turned witnesses against him in the pornography racket case, increasing troubles for him.

On Monday, the Bombay High Court adjourned the hearing on Kundra’s bail plea till Thursday. The court has also asked the investigating officer to remain present during the hearing in the pornography racket case.The court has not given any interim relief to the businessman.

Kundra and his associate Ryan Thorpe have been sent to judicial custody for 14 days.

On Tuesday, Mumbai Crime Branch said that actor Shilpa Shetty has also not been given a clean chit in the pornography racket case yet, where her husband and businessman Raj Kundra is the prime accused.

According to officials forensic auditors have been appointed to investigate the transactions in all the accounts of the people involved in the case.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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1 Crore Jabs Till 1:30 PM. On PM’s Birthday, Government Aims At Record – dot newz

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The vaccination campaign is key to BJP’s three-week celebrations to mark PM’s birthday.

New Delhi:

As the government raced to deliver a vaccination record on Prime Minister Narendra Modi’s birthday today, the country clocked over 42,000 vaccinations a minute, a senior health official said. Vaccinations crossed one crore in the afternoon – for the fourth time in less than a month – setting up a milestone by the end of the day.

Aiming at 2 crore vaccinations as PM Modi turns 71, the government added a ticker to track Covid shots being given across the country.

“Celebrating the relentless efforts of India’s vaccinators against COVID-19, we have added a ticker to show vaccinations happening in near real-time. We are currently clocking over 42,000 vaccinations/minute or 700/second,” tweeted National Health Authority chief RS Sharma, sharing the new feature.

The vaccination campaign is key to the BJP’s three-week celebrations to mark the Prime Minister’s birthday.

“Let’s do #VaccineSeva and give him (PM Modi) birthday gift by getting vaccinated those who have not taken the dose so far,” Union Health Minister Mansukh Mandaviya had tweeted yesterday, urging people to get the shots.

To achieve its target, the BJP had prepped health volunteers “to ensure that the maximum number of people get their COVID-19 vaccines on the day”.

In recent days, India has reported more than one crore Covid shots in a day more than once.

Senior BJP leaders say the party wants to see the day “recorded in history” as one that saw a record number of Covid vaccines given.

By noon, over 94,00,000 vaccinations had been achieved. PM Modi’s home state Gujarat had crossed five lakh doses, more than the daily doses in the last seven days.

By afternoon, Bihar had given Covid shots to 7.3 lakh people, three times more than the average of the last three days. Madhya Pradesh was at more than 5 lakh doses – 75 per cent of the last two days’ average.





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Under-Construction Flyover Collapses In Mumbai’s Bandra, 14 Injured – dot newz

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The under-construction flyover collapsed at about 4.40am.

At least 14 people were injured after a portion of an under-construction flyover collapsed in Bandra Kurla Complex in Maharashtra’s Mumbai today. The injured were taken to the VN Desai Hospital and their condition is stable, the Brihanmumbai Municipal Corporation said.

The flyover collapsed at about 4.40am.

Visuals shared by news agency ANI showed police personnel and fire departments on the spot as the rescue work is underway.

There has been no loss of life and no person is missing due to the collapse, Deputy Commissioner Of Police Manjunath Singe told news agency ANI.

The flyover is located at MTNL junction in suburban Bandra Kurla Complex (BKC) and will connect the complex’s main road and Santa Cruz- Chembur link road. The construction work of the flyover is being undertaken by Mumbai Metropolitan Region Development Authority (MMRDA).

Further details related to the flyover’s collapse are awaited.





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On PM Modi’s 71st Birthday, President Kovind, BJP Leaders Extend Wishes – dot newz

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Today marks the 71st birthday of Prime Minister Narendra Modi.

New Delhi:

Prime Minister Narendra Modi turned 71 on Friday as President Ram Nath Kovind and other dignitaries and politicians greeted him with BJP leaders hailing his leadership.

Wishing him a long and healthy life, President Kovind said may he continue to serve the nation with his spirit of relentless service.

Home Minister Amit Shah lauded Modi, saying he not only gave the country the idea to think ahead of time and fulfil its resolve with hardwork but also made it a reality.

In PM Modi, the country has got a strong and decisive leader who gave a dignified life to those who were deprived of their rights for decades, he said.

PM Modi brought them in the mainstream of development, Mr Shah added.

The prime minister has shown the world what people-loving leadership is like, he said.

Defence Minister Rajnath Singh said PM Modi has written many new chapters in development and good governance in his tenure so far and wished that he fulfil his dream of making India a strong, prosperous and proud country.

Born in Gujarat in 1950, PM Modi joined Hindutva organisation Rashtriya Swayamsevak Sangh (RSS) at an early age and was later drafted into the BJP.

Made Gujarat chief minister in 2001, PM Modi has never suffered an electoral setback when votes were cast on his leadership, leading the BJP to power in the state for three consecutive terms and then at the Centre back to back in 2014 and 2019.

The BJP embarked on a mega 20-day public outreach, “Seva and Samarpan”, from Friday to mark his 71st birthday and it will continue till October 7 to also commemorate his 20 years in public life, including as Gujarat chief minister.

It has asked its workers to facilitate the COVID-19 vaccination drive as it eyes record-breaking numbers on Friday.





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