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Insider trading: Supreme Court upholds SAT clearance to Biocon MD
The Supreme Court has backed a tribunal's decision, clearing Biocon's managing director, Shreehas P Tambe, of insider trading allegations from 2017. The Securities and Exchange Board of India's appeal was rejected. Tambe was accused of trading Biocon shares while possessing unpublished price-sensitive information.
Jindal Poly Films dispute, India's first class action suit, sent by Supreme Court to arbitration
The Supreme Court has sent a minority shareholder dispute involving Jindal Poly Films to arbitration. This decision overturns earlier orders from the National Company Law Tribunal and Appellate Tribunal. The case concerns allegations of asset stripping and financial losses to shareholders. The arbitration will take place in Delhi.
Alpha Corp to take over three stuck projects following Supreme Court approval
The Supreme Court has revived Alpha Corp's plan to complete three stalled projects of Earth Infrastructures. This decision offers hope to over 3,000 homebuyers. Alpha Corp will invest Rs 750 crore to finish the projects, with no extra cost to buyers.
Trade Spotlight: How should you trade Ajanta Pharma, HFCL, Timken India, Linde India, Supreme Industries, and others on March 13?
The market is expected to continue to face risk-off sentiment amid geopolitical tensions. Below are some short-term trading ideas to consider.