January 13, 2021
1 min read

SEBI bans CNBC Awaaz show anchor

Madhabi Puri Buch, wholetime member, SEBI, passed an interim order on Wednesday in the case of CNBC Awaaz show “Stock 20-20”, co-hosted by Hemant Ghai…reports Asian Lite News

Hemant Ghai, an anchor with CNBC TV 18, has been debarred by the Securities and Exchange Board of India (SEBI) from trading in stock markets and offering investment advice.

Madhabi Puri Buch, wholetime member, SEBI, passed an interim order on Wednesday in the case of CNBC Awaaz show “Stock 20-20”, co-hosted by Hemant Ghai.

“CNBC TV 18 is also advised to appropriately bring to the notice of the viewers of the shows co-hosted by Mr. Hemant Ghai that SEBI has passed an interim order against him for prima facie violations of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003,” the 35-page order said.

SEBI found on analysis of the trading pattern of two entities viz. Jaya Hemant Ghai and Shyam Mohini Ghai for the period between January 1, 2019 and May 31, 2020 (Relevant Period), high correlation of the trades of the aforesaid entities was observed with the recommendations furnished in the show “Stock 20-20” aired on CNBC Awaaz.

As per the investigation, Ghai was hosting/co-hosting various shows, including “Stock 20-20”, “Munafe Ki Taiyari Pehla Sauda”, and “Kamai Ka Adda”. “Stock 20-20” is described as a show that features recommendations on certain stocks to be bought/sold during the day.

It was observed that Jaya Hemant Ghai and Shyam Mohini Ghai had undertaken a large number of ‘buy-today-sell-tomorrow’ (BTST) trades during the relevant period in synchronisation with the recommendations made in the show.

Also read:Airtel gets approvals for 100% FDI in subsidiaries

Previous Story

Govt to sell stake in SAIL

Next Story

Sixth Edition of Apeejay Bangla Sahitya Utsob Goes Global

Latest from Business

EVs Drive Cleaner Cities

Each EV is equipped with GPS tracking for real-time monitoring and efficiently serves the city’s 159.46 square kilometre area The use of electric vehicles (EVs) in household waste collection is ushering in

Residential Market Sees Revival

Sales jump 77% from FY19 to FY25 as luxury housing, office leasing, logistics, and tech-led investments drive real estate recovery. India’s residential real estate market has witnessed a dramatic revival in the

Recovery From Realty Stress Rises

Crisil expects residential demand in these markets to grow by 7–9 per cent in FY26, offering critical support to projects now being revived through restructuring Asset Reconstruction Companies (ARCs) are expected to

Qatar Debut For Tata

Tata Motors emphasised that its international offerings are backed by strong research and development capabilities, with vehicles that are thoroughly tested and adapted to local conditions Tata Motors has unveiled its all-new
Go toTop