SEBI bars 2 operators for cheating investors, orders them to return Rs 4.83 crore

IANS | June 21, 2025 6:49 PM

New Delhi, June 21 (IANS) The Securities and Exchange Board of India (SEBI) has barred two operators -- Shivprasad Pattiya and Alkesh Narware -- for three years, alleging that they fraudulently created artificial volume in illiquid stocks options and cheated investors, and directed them to return Rs 4.83 crore (with 12 per cent from February 1, 2022) within 45 days.

DGCA raps Air India for absence of strict disciplinary measures against key officials

IANS | June 21, 2025 2:53 PM

New Delhi, June 21 (IANS) The Directorate General of Civil Aviation (DGCA), in its order issued to Air India to remove three senior officials responsible for “serious and repeated lapses” in crew scheduling, has categorically mentioned “systemic failures in crew scheduling, compliance monitoring, and internal accountability” at the airline.