NSE co-location case | Delhi HC grants bail to Chitra Ramkrishna, Anand Subramanian
The Hindu
Justice Sudhir Kumar Jain said he was granting “statutory bail” to the two former officials, Chitra Ramkrishna and Anand Subramanian, of the NSE
The Delhi High Court on September 28 granted bail to former National Stock Exchange (NSE) head Chitra Ramkrishna and ex-group operating officer Anand Subramanian in the co-location scam case being probed by the CBI.
Justice Sudhir Kumar Jain said he was granting “statutory bail” to the two former officials of the NSE.
A detailed copy of the order is awaited.
An FIR was registered in the case in May 2018, amid fresh revelations about irregularities at the country’s largest stock exchange. The CBI is probing the alleged improper dissemination of information from the computer servers of the market exchanges to stock brokers.
Mr. Subramanian was arrested by the CBI on February 24.
The CBI had arrested Ms. Ramkrishna on March 6, a day after her anticipatory bail application was dismissed by a trial court.
In a status report filed in the bail plea by Mr. Subramanian, the CBI said the investigation has established that co-accused Ms. Ramkrishna abused her official position at NSE to illegally appoint him as the Chief Strategic Advisor and also arbitrarily and disproportionately hiked his compensation and re-designated him as group operating officer without requisite approvals.
xAI’s Grok may soon come to an iOS app as the company announced its Series C funding round of $6 billion.
Biocon and Zentiva receive EU approval for Liraglutide, a complex formulation for diabetes and weight management.
Equity markets fluctuate as Sensex and Nifty rise initially, then fall; global markets and oil prices also discussed.
Microsoft has been working on adding internal and third-party AI models to power Microsoft 365 Copilot.
China's dominance in critical minerals poses supply chain vulnerabilities for India, US, and EU nations, requiring strategic diversification efforts.
India's controversial popcorn tax system sparks outrage and criticism, with opposition questioning the complex GST rates.
ICAI President investigates auditing lapses at Byju's, disciplinary committee probing, details undisclosed, part of ongoing investigations.
Sensex and Nifty rebound sharply after steep decline, driven by value buying, bluechip stocks, and global market rally.
AS-IT-IS Nutrition aims for ₹300 crore GMV in 2025 with ATOM range, endorsed by Ravindra Jadeja.
Adani Group acquires Air Works, India's largest MRO company, expanding its aviation services with a ₹400 crore deal.
Sterling and Wilson Renewable Energy Ltd. secures ₹1,200 crore order for 500 MW Solar PV project in Gujarat.