🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Awfis reports insider trading breach by senior executive
YourStory
·
8m ago
Medial
An executive at co-working space company Awfis Space Solutions, Anindita Seal Sarkar, violated the company's insider trading guidelines. Sarkar sold shares and made purchases without proper clearance. The violation was detected during a routine review, and Awfis has referred the matter to its Audit Committee for appropriate action. The company confirmed that no monetary penalty was imposed, and no previous violations have been reported in the current fiscal year. Awfis recently reported a significant increase in revenue for Q2 FY25 and turned profitable during the same period.
View Source
Related News
Mamaearth Sr Exec flouts insider trading norms, sells shares worth INR 15 lakh in two tranches
Inc42
·
1y ago
Medial
D2C unicorn Mamaearth has disclosed that one of its senior executives, Shuchi Garg, allegedly violated insider trading norms by trading shares of the company without prior approval. Garg conducted two separate transactions worth INR 15.2 lakh without obtaining pre-clearance from the company secretary. Mamaearth has issued a warning letter to the employee and will present the matter to the audit committee meeting for further action. The company's stock has surged over 42% since its November listing on the BSE.
View Source
Coinbase to launch CFTC-compliant perpetual futures trading in US
Economic Times
·
1m ago
Medial
Coinbase is set to launch CFTC-compliant perpetual futures trading in the U.S., according to a senior executive. This initiative aligns with regulatory standards by the Commodity Futures Trading Commission. Perpetual futures, a derivative allowing traders to speculate on digital assets without an expiration, provide high leverage and 24/7 trading access. This move capitalizes on the crypto market's rising interest in complex financial products while enabling traders to hedge risks and potentially amplify returns.
View Source
Data breach: hacker claims senior Star Health executive sold data of 31 million customers
Economic Times
·
10m ago
Medial
- Star Health Insurance experienced a massive data breach allegedly caused by an executive selling personal data of over 31 million customers to hackers. - The chief information security officer of Star Health Insurance, Amarjeet Khanuja, is accused of selling the data and demanding more money for backdoor access on behalf of senior management. - The hacker, known as xenZen, is now offering to sell the entire dataset for $150,000 or smaller batches of 100,000 entries for $10,000. - Star Health Insurance previously filed a lawsuit against Telegram and a self-styled hacker for using chatbots on the messaging app to leak personal data and medical reports of policyholders. - The breach exposed sensitive customer information, including full names, contact details, residential addresses, pre-existing medical conditions, policy numbers, and more. - The leaked data presents various risks like identity theft, financial fraud, targeted scams, hacking, phishing, account takeovers, and extortion.
View Source
Binance Co-Founder Offers $10,000 Bounties to Employees Who Report Leaks
Startup News FYI
·
1y ago
Medial
Binance co-founder Yi He announced a new policy offering bounties of $10,000 to employees who report insider trading or information leaks. This comes after allegations of insider trading at the company involving the listing of token Ronin. The move mirrors a previous incident at Coinbase, where former product manager Ishan Wahi and his brother were charged with insider trading. Binance is taking steps to prevent similar issues and maintain market integrity.
View Source
Two friends, a mega deal and insider trading. Here’s how Sebi uncovered a crime
Livemint
·
6m ago
Medial
In July 2020, Infosys secured a $1.89 billion contract from Vanguard, prompting insider trading investigations by SEBI. Two former Wipro employees, Keyur Maniar and Ramit Chaudhri, were found guilty of using non-public information post-deal announcement to profit. SEBI fined Maniar ₹2.6 crore plus interest and banned both from securities trading for a year. The case underscores the prevalence of insider trading in IT, prompting calls for tougher corporate penalties and better internal controls.
View Source
Awfis Ropes In Nivia Sports Executive Rajesh Kharabanda To Its Board
Inc42
·
1y ago
Medial
Coworking space provider Awfis has announced the appointment of Rajesh Kharabanda as a non-executive, non-independent director, following approval from the company's board. This decision required shareholder approval via postal ballot. Awfis has been expanding its presence in the coworking industry and this new appointment reflects its commitment to strengthen its board of directors.
View Source
Intel CEO Pat Gelsinger retires from struggling chipmaker
Economic Times
·
8m ago
Medial
Intel announced that CEO Pat Gelsinger will retire from the company on December 1. In the meantime, CFO David Zinsner and senior executive Michelle Johnston Holthaus will serve as interim co-CEOs. Intel's board will commence the search for a permanent CEO. As a result of this news, the company's shares saw a near 3% increase in premarket trading.
View Source
Apple ex-lawyer ordered to pay $1.15 million SEC fine for insider trading
Economic Times
·
1y ago
Medial
Former Apple lawyer, Gene Levoff, who pleaded guilty to insider trading, has been ordered by a federal judge to pay a $1.15 million fine in a related civil case brought by the US Securities and Exchange Commission. The judge emphasised that Levoff's actions were particularly egregious given his former role in enforcing Apple's insider trading policies. Levoff had been fired by Apple in 2018 and was subsequently charged with making stock trades based on nonpublic information about the company's earnings announcements. He pleaded guilty in 2022 and was sentenced to probation, community service, and a forfeiture.
View Source
IndusInd Bank’s accounting crisis under control, to be resolved soon: RBI Governor Sanjay Malhotra - BusinessToday
Business Today
·
2m ago
Medial
RBI Governor Sanjay Malhotra stated that IndusInd Bank's accounting issues are under control and should be resolved soon, following a SEBI crackdown on former executives for insider trading related to financial discrepancies. IndusInd Bank shares rose 5% after the announcement. Bank officials, including CEO Sumant Kathpalia, allegedly engaged in insider trading, avoiding losses of Rs 19.78 crore. SEBI has banned these individuals from dealing in securities and restricted their financial transactions.
View Source
Women occupy just 7% of executive roles across 121 unicorns in India: Report
Internet
·
3m ago
Medial
A report by staffing consultancy Longhouse reveals women occupy only 7% of executive roles in 121 unicorn startups across India, highlighting a significant gender disparity. The limited female representation in executive leadership is partly attributed to a constrained talent pipeline from low female enrollment in engineering education. While around 79% of women in startups hold mid-senior level positions, only a small percentage advance to vice president and senior executive roles, indicating potential barriers to reaching top leadership.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
