Three people settle insider trading charges with SEBI in PNB case

14 Aug 2024 CW Team

Three individuals have settled insider trading charges with the Securities and Exchange Board of India (SEBI) for alleged violations related to PNB Housing Finance Ltd. The settlement, which totals Rs 15.6 million, resolves the case against Sidhant Chandalia, Naysar Parikh, and Ronak Narendra Parikh. Chandalia and Naysar Parikh each paid Rs 5 million, while Ronak Narendra Parikh paid Rs 4.5 million in settlement charges and Rs 898,000 for disgorgement of wrongful gains, including interest. SEBI announced that with the acceptance of the settlement terms and receipt of the settlement amounts, the adjudication proceedings against these individuals are concluded. The settlement was reached without admitting or denying the findings of fact. SEBI had previously initiated proceedings against these individuals for allegedly breaching insider trading regulations. Chandalia was accused of communicating Unpublished Price Sensitive Information (UPSI) regarding PNB Housing Finance. Naysar Parikh and Ronak Narendra Parikh received show cause notices?Parikh for communicating UPSI and Ronak Narendra Parikh for trading based on UPSI. (ET)

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..