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Mumbai: Market regulator, the Securities and Exchange Board of India (SEBI) has taken strict action in a front-running case, banning PNB Met Life Insurance Company’s equity dealer Sachin Bakul Dagli and eight other entities from the stock market. According to the SEBI, front running was being done by Dagli and eight entities for more than three years and during this period, all of them collectively earned illegal profits of Rs 21.16 crore. The market regulator banned Dagli and the eight entities from the stock market and seized the unlawful gains. The SEBI had investigated some suspicious front-running trades related to PNB MetLife India Insurance before this action. Also Read: Record high 5.12 mn cars voluntarily recalled in South Korea in 2024 The focus of this investigation was to find out whether the suspicious entities were doing front running in the trade of PNB MetLife India Insurance with the help of other people, including dealers and fund managers. It also sought to find whether SEBI rules have been violated or not. The investigation, which was conducted from January 1, 2021, to July 19, 2024, revealed that most of the trading decisions at PNB MetLife were assigned to Dagli for execution. The investigation found that Dagli, the equity dealer of PNB MetLife, and his brother Tejas Dagli, an equity sales trader at Investec, obtained confidential, non-public information about the upcoming trading decisions of PNB MetLife and Investec. This information was further used to make trading decisions and shared with Sandeep Shambharkar, who executed front-running trades through the accounts of Dhanmata Realty Private Ltd (DRPL), Worthy Distributors Private Ltd (WDPL), and Pragnesh Sanghvi. DRPL and WDPL Directors Arpan Kirtikumar Shah, Kabita Saha, and Jignesh Nikulbhai Dabhi were also involved in carrying out this task. The SEBI said that 6,766 front-running trades have been executed. A profit of Rs 21,15,78,005 was earned from this. PNB MetLife, in its statement given to IANS, said: “Company has fully cooperated with the authorities in this matter and wants to thank SEBI for the conclusion of its findings of fraud by the named individual against PNB MetLife. In line with our internal processes, we have taken disciplinary action.” “PNB MetLife is committed to upholding the highest standards of corporate governance, transparency, and integrity,” the company added. Front-running is an illegal practice, entailing a trader or broker receiving confidential information about a large company or institution making a bulk order in a particular stock and creating a position in that particular stock before the big order is executed. In such a situation, when the order is executed by a big company or institution, the trader or broker gets the benefit of the sudden rise in that stock.
A patient holds up a dosage of Wegovy, a blockbuster drug used for weight loss. —AP Photo/Amanda Andrade-Rhoades, File NEW MEXICO, United States — Unlike scores of people who scrambled for the blockbuster drugs Ozempic and Wegovy to lose weight in recent years, Danielle Griffin had no trouble getting them. The 38-year-old information technology worker from New Mexico had a prescription. Her pharmacy had the drugs in stock. And her health insurance covered all but $25 to $50 of the monthly cost. For Griffin, the hardest part of using the new drugs wasn’t access. It was finding out that the much-hyped medications didn’t really work for her. READ: My life on Ozempic, the so-called weight-loss ‘miracle drug’ “I have been on Wegovy for a year and a half and have only lost 13 pounds,” said Griffin, who watches her diet, drinks plenty of water and exercises regularly. “I’ve done everything right with no success. It’s discouraging.” In clinical trials, most participants taking Wegovy or Mounjaro to treat obesity lost an average of 15 percent to 22 percent of their body weight—up to 50 pounds or more in many cases. But roughly 10 percent to 15 percent of patients in those trials were “nonresponders” who lost less than 5 percent of their body weight. Now that millions of people have used the drugs, several obesity experts told The Associated Press that perhaps 20 percent of patients—as many as 1 in 5—may not respond well to the medications. It’s a little-known consequence of the obesity drug boom, according to doctors who caution eager patients not to expect one-size-fits-all results. “It’s all about explaining that different people have different responses,” said Dr. Fatima Cody Stanford, an obesity expert at Massachusetts General Hospital The drugs are known as GLP-1 receptor agonists because they mimic a hormone in the body known as glucagon-like peptide 1. Genetics, hormones and variability in how the brain regulates energy can all influence weight — and a person’s response to the drugs, Stanford said. Medical conditions such as sleep apnea can prevent weight loss, as can certain common medications, such as antidepressants, steroids and contraceptives. “This is a disease that stems from the brain,” said Stanford. “The dysfunction may not be the same” from patient to patient. Despite such cautions, patients are often upset when they start getting the weekly injections but the numbers on the scale barely budge. “It can be devastating,” said Dr. Katherine Saunders, an obesity expert at Weill Cornell Medicine and co-founder of the obesity treatment company FlyteHealth. “With such high expectations, there’s so much room for disappointment.” That was the case for Griffin, who has battled obesity since childhood and hoped to shed 70 pounds using Wegovy. The drug helped reduce her appetite and lowered her risk of diabetes, but she saw little change in weight. “It’s an emotional roller coaster,” she said. “You want it to work like it does for everybody else.” The medications are typically prescribed along with eating behavior and lifestyle changes. It’s usually clear within weeks whether someone will respond to the drugs, said Dr. Jody Dushay, an endocrine specialist at Beth Israel Deaconess Medical Center. Weight loss typically begins right away and continues as the dosage increases. For some patients, that just doesn’t happen. For others, side effects such as nausea, vomiting and diarrhea force them to halt the medications, Dushay said. In such situations, patients who were counting on the new drugs to pare pounds may think they’re out of options. “I tell them: It’s not game over,” Dushay said. Trying a different version of the new class of drugs may help. Griffin, who didn’t respond well to Wegovy, has started using Zepbound, which targets an additional hormone pathway in the body. After three months of using the drug, she has lost 7 pounds. “I’m hoping it’s slow and steady,” she said. Other people respond well to older drugs, the experts said. Changing diet, exercise, sleep and stress habits can also have profound effects. Figuring out what works typically requires a doctor trained to treat obesity, Saunders noted. Subscribe to our daily newsletter By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . “Obesity is such a complex disease that really needs to be treated very comprehensively,” she said. “If what we’re prescribing doesn’t work, we always have a backup plan.”Head-To-Head Comparison: Cutera (NASDAQ:CUTR) & CeriBell (NASDAQ:CBLL)
NEW YORK, Nov. 23, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating: Markforged Holding Corporation (NYSE: MKFG ), relating to its proposed merger with Nano Dimension Ltd. Under the terms of the agreement, Markforged stockholders will be entitled to receive $5.00 in cash per share of Markforged they own. ACT NOW . The Shareholder Vote is scheduled for December 5, 2024 . Click here for more information: https://monteverdelaw.com/case/markforged-holding-corporation/ . It is free and there is no cost or obligation to you. Cyclo Therapeutics, Inc. (Nasdaq: CYTH ), relating to its proposed merger with Rafael Holdings, Inc. Under the terms of the agreement, Cyclo common stock will automatically be converted into the right to receive shares of Rafael common stock. Click here for more information https://monteverdelaw.com/case/cyclo-therapeutics-inc/ . It is free and there is no cost or obligation to you. BurTech Acquisition Corp. (NASDAQ: BRKH ) , relating to the proposed merger with Blaize, Inc. Under the terms of the agreement, shares of BurTech Acquisition will be exchanged for shares of Blaize. ACT NOW. The Shareholder Vote is scheduled for December 10, 2024. Click here for more information https://monteverdelaw.com/case/burtech-acquisition-corp-brkh/ . It is free and there is no cost or obligation to you. Crossfirst Bankshares, Inc. (Nasdaq: CFB ), relating to its proposed merger with First Busey Corporation. Under the terms of the agreement, Crossfirst common stock will automatically be converted into the right to receive 0.6675 shares of Busey common stock. ACT NOW . The Shareholder Vote is scheduled for December 20, 2024 . Click here for more information https://monteverdelaw.com/case/crossfirst-bankshares-inc/ . It is free and there is no cost or obligation to you. NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask: Do you file class actions and go to Court? When was the last time you recovered money for shareholders? What cases did you recover money in and how much? About Monteverde & Associates PC Our firm litigates and has recovered money for shareholders...and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341. Contact: Juan Monteverde, Esq. MONTEVERDE & ASSOCIATES PC The Empire State Building 350 Fifth Ave. Suite 4740 New York, NY 10118 United States of America jmonteverde@monteverdelaw.com Tel: (212) 971-1341 Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC ( www.monteverdelaw.com ). Prior results do not guarantee a similar outcome with respect to any future matter.Jimmy Carter, the peanut farmer who tried to restore virtue to the White House after the Watergate scandal and Vietnam War, then rebounded from a landslide defeat to become a global advocate of human rights and democracy, has died. He was 100 years old . The Carter Center said the 39th president died Sunday, more than a year after entering hospice care , at his home in Plains, Georgia, where he and his wife, Rosalynn, who died in November 2023, lived most of their lives. A moderate Democrat, Carter ran for president in 1976 as a little-known Georgia governor with a broad grin, effusive Baptist faith and technocratic plans for efficient government. His promise to never deceive the American people resonated after Richard Nixon’s disgrace and U.S. defeat in southeast Asia. “If I ever lie to you, if I ever make a misleading statement, don’t vote for me. I would not deserve to be your president,” Carter said. Carter’s victory over Republican Gerald Ford, whose fortunes fell after pardoning Nixon, came amid Cold War pressures, turbulent oil markets and social upheaval over race, women’s rights and America’s role in the world. His achievements included brokering Mideast peace by keeping Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin at Camp David for 13 days in 1978. But his coalition splintered under double-digit inflation and the 444-day hostage crisis in Iran. His negotiations ultimately brought all the hostages home alive, but in a final insult, Iran didn’t release them until the inauguration of Ronald Reagan, who had trounced him in the 1980 election. Humbled and back home in Georgia, Carter said his faith demanded that he keep doing whatever he could, for as long as he could, to try to make a difference. He and Rosalynn co-founded The Carter Center in 1982 and spent the next 40 years traveling the world as peacemakers, human rights advocates and champions of democracy and public health. Our founder, former U.S. President Jimmy Carter, passed away this afternoon in Plains, Georgia. pic.twitter.com/aqYmcE9tXi Awarded the Nobel Peace Prize in 2002, Carter helped ease nuclear tensions in North and South Korea, avert a U.S. invasion of Haiti and negotiate cease-fires in Bosnia and Sudan. By 2022, the center had monitored at least 113 elections around the world. Carter was determined to eradicate guinea worm infections as one of many health initiatives. Swinging hammers into their 90s, the Carters built homes with Habitat for Humanity. The common observation that he was better as an ex-president rankled Carter. His allies were pleased that he lived long enough to see biographers and historians revisit his presidency and declare it more impactful than many understood at the time. Propelled in 1976 by voters in Iowa and then across the South, Carter ran a no-frills campaign. Americans were captivated by the earnest engineer, and while an election-year Playboy interview drew snickers when he said he “had looked on many women with lust. I’ve committed adultery in my heart many times,” voters tired of political cynicism found it endearing. The first family set an informal tone in the White House, carrying their own luggage, trying to silence the Marine Band’s traditional “Hail to the Chief” and enrolling daughter, Amy, in public schools. Carter was lampooned for wearing a cardigan and urging Americans to turn down their thermostats. But Carter set the stage for an economic revival and sharply reduced America’s dependence on foreign oil by deregulating the energy industry along with airlines, trains and trucking. He established the departments of Energy and Education, appointed record numbers of women and nonwhites to federal posts, preserved millions of acres of Alaskan wilderness and pardoned most Vietnam draft evaders. Emphasizing human rights , he ended most support for military dictators and took on bribery by multinational corporations by signing the Foreign Corrupt Practices Act. He persuaded the Senate to ratify the Panama Canal treaties and normalized relations with China, an outgrowth of Nixon’s outreach to Beijing. But crippling turns in foreign affairs took their toll. When OPEC hiked crude prices, making drivers line up for gasoline as inflation spiked to 11%, Carter tried to encourage Americans to overcome “a crisis of confidence.” Many voters lost confidence in Carter instead after the infamous address that media dubbed his “malaise” speech, even though he never used that word. READ MORE: Rosalynn Carter, outspoken former first lady, dies at 96 After Carter reluctantly agreed to admit the exiled Shah of Iran to the U.S. for medical treatment, the American Embassy in Tehran was overrun in 1979. Negotiations to quickly free the hostages broke down, and then eight Americans died when a top-secret military rescue attempt failed. Carter also had to reverse course on the SALT II nuclear arms treaty after the Soviets invaded Afghanistan in 1979. Though historians would later credit Carter’s diplomatic efforts for hastening the end of the Cold war, Republicans labeled his soft power weak. Reagan’s “make America great again” appeals resonated, and he beat Carter in all but six states. Born Oct. 1, 1924, James Earl Carter Jr. married fellow Plains native Rosalynn Smith in 1946, the year he graduated from the Naval Academy. He brought his young family back to Plains after his father died, abandoning his Navy career, and they soon turned their ambitions to politics . Carter reached the state Senate in 1962. After rural white and Black voters elected him governor in 1970, he drew national attention by declaring that “the time for racial discrimination is over.” Carter published more than 30 books and remained influential as his center turned its democracy advocacy onto U.S. politics, monitoring an audit of Georgia’s 2020 presidential election results. After a 2015 cancer diagnosis, Carter said he felt “perfectly at ease with whatever comes.” “I’ve had a wonderful life,” he said. “I’ve had thousands of friends, I’ve had an exciting, adventurous and gratifying existence.” ___ Contributors include former AP staffer Alex Sanz in Atlanta. Bill Barrow, The Associated Press
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Echoes of change: Comparing Serbia’s student protests with N. Macedonia's Color RevolutionTop 10 Best Hospitality Management Companies in India 2025For the first time, private sector banks as a group met priority sector lending targets including sub-targets for major heads in 2023-24, particularly in agriculture, showed central bank data. Although all bank groups managed to achieve their stipulated overall targets and sub targets, private sector banks did better than public sector counterparts. ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for For public sector, private and foreign banks, the target is 40% of adjusted net bank credit (ANBC) or credit equivalent of off-balance sheet exposure (CEOBE), whichever is higher, for small finance banks the target is higher at 75%. One of the reasons for the private sector to achieve their priority sector target Is that these banks are now allowed to invest in priority sector lending certificates (PSLCs). These are issued against banks’ priority sector loans under various sub-targets and general categories. Banks use PSLCs to guard against shortfalls. The total trading volume of PSLCs climbed 26% in FY24 , primarily led by PSLC-General. Among the four PSLC categories, the small and marginal farmers category registered the highest trading volume, partly reflecting specialisation by a few banks in lending to this category of borrowers and the inability of other banks to meet sub-targets through direct lending, the RBI said in its report on Trends and Progress of Banking. In the past five years, private sector banks have emerged as major sellers of PSLCs. In FY24, they accounted for 49% of total sales as compared with 21% in the case of PSBs, the RBI said. 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The last day to apply is December 31, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )Japanese Prime Minister Shigeru Ishiba on Saturday signaled his intention to work with North Korean leader Kim Jong Un, saying "actions based on strategic decisions by the leaders" of the two countries would move forward the situation of Japanese nationals abducted by North Korea. Ishiba made the remark at a Tokyo event themed on the abduction issue. He said his government will tackle it with firm resolution and secure the return of all the Japanese nationals abducted by Pyongyang in the 1970s and 1980s. North Korea claims the issue has already been settled, but Japan, which officially lists a total of 17 Japanese nationals as abductees, rejects the assertion. The two countries have no official diplomatic ties.
The secret hacks you need to know to save up to 54% on first-class train tickets By RICHARD MARSDEN FOR THE MAIL ON SUNDAY Published: 06:49 EST, 29 December 2024 | Updated: 06:54 EST, 29 December 2024 e-mail View comments Some diligent planning ahead – combined with a few savvy crosschecks – can make all the difference when it comes to bagging a cheap first-class ticket. Follow our guide to the ins-and-outs of travelling posh and a whole new world of British trains opens up, including bigger seats, soft drinks and snacks on shorter journeys, and hot meals and alcoholic drinks on long-distance services such as Avanti. We tried all the tricks to get first-class tickets at reduced prices – here’s what we found... Is there really a simple way of getting a cheap first-class ticket? Yes. Sign up to the Seatfrog auction app ( seatfrog.com ). After buying a standard-class fare for a journey, it’s possible to bid for an upgrade to first. On most trains, a limited number of such upgrades are available. It’s a straightforward system: the highest bid wins, with the auction closing 30 minutes before departure. On a random check, we found a standard ticket from London Euston to Penrith at 1.40pm was £94, while a first-class ticket was £230. Using Seatfrog you could bid for an upgrade for £36. So, effectively, the first-class ticket came to £130 – a saving of £100 (or 43 per cent off). Are first-class tickets for all train services offered on Seatfrog? Almost all. Transport for Wales has just joined but Scotrail and Hull Trains don’t take part. If not entering a Seatfrog auction, is it better to book in advance or wait till the last moment? Booking well in advance is usually best, says Mark Smith, of website Seat61.com . When we looked, a first-class fare from York to Edinburgh was £59.80 ten weeks in advance. This compared to £91.70 on the day (54 per cent more). Is there an exact best time to book ahead? Eight to 12 weeks is best for long-distance routes as this is when most rail operators release timetables and when prices are normally lowest. Fares may be up to 75 per cent cheaper during this ‘sweet spot’. Some operators allow you to book bargain advance fares even further ahead: LNER is 20 weeks and Hull Trains 26 weeks. What about very last-minute deals? These are possible and worth checking if the Seatfrog app is not for you. On trainline.com – on the day of travel – we found the difference between first-class and standard-class for Bristol to Penzance was a mere £22.10 – £83.50 instead of £61.40. For London King’s Cross to Edinburgh, a last-minute first-class ticket was £138.90 (booked 30 minutes before travel) while journeys later on that week were £173 to £299. Are some routes better for first-class deals than others? Yes. The best prices are usually available when travelling between regional stations and when avoiding London, says Railsmartr.co.uk. It highlights that a York to London first-class fare on the same day at around the same time can cost £95 (for a journey of 1h 52m), while York-Edinburgh in first class can be as low as £52 (for a journey of 2h 37m). Read More How to save a fortune by stocking up on booze in Calais: JEFF MILLS reveals the astonishing bargains What about upgrading once you’re onboard? This is sometimes possible if there’s availability – you’ll need to ask the guard. Especially low rates may be available at weekends and bank holidays. The cost on Great Western Railway and Greater Anglia is from £10, or it’s from £10 to £45 on LNER. You can pay there and then with your card and walk on through. What about on Avanti West Coast trains? It's different from the others with two upgrade possibilities: standard premium and first class. You sit in the same-style carriages for both – with wider seats and a guaranteed table – but with standard premium you do not get free food or drink. On-the-day first-class upgrade prices are similar to LNER. If booking in advance, Saturday fares between London and Glasgow might be £85 (standard), £120 (standard premium), and £199.50 (first class). On all journeys, standard premium is from £17.50 extra. Do railcard discounts apply to first-class tickets? Yes, when tickets are bought in advance. They do not work for upgrades available via Seatfrog or onboard. Any other travel tips? Try boarding a train with a restaurant car. Although first-class passengers get priority bookings, standard-class ticket holders can dine too on GWR. When do GWR dining cars run? GWR’s Pullman Dining is in a vintage-style Pullman carriage, available Mondays to Fridays on the 1.03pm and 7.04pm Paddington to Plymouth services; 5.48pm from Paddington to Swansea; 1.15pm and 6.16pm from Plymouth to Paddington; and the 12.23pm Swansea to Paddington (gwr.com). It’s £37 for two courses or £44 for three courses; wine is from £17 per bottle. What about the Transport for Wales dining service? Two courses £21.95 (with a bottle of wine £37) or three courses £24.95 (with a bottle of wine £40); for details, see First Class Menu at tfw.wales . Share or comment on this article: The secret hacks you need to know to save up to 54% on first-class train tickets e-mail Add commentMusk causes uproar by backing German far-right party ahead of key elections
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There’s been a lot of reporting in recent months around Apple’s efforts to expand its footprint in customers’ homes with in-development products like a wall-mounted smart home hub . According to a new report in Bloomberg , that strategy could also include a smart doorbell. This doorbell would use Apple’s FaceID technology to scan people’s faces as they approach the door, then connect wirelessly to a deadbolt lock and automatically unlock for residents of the home. The doorbell is reportedly in the early stages of development and wouldn’t come to market before the end of 2025 at the earliest. It might work with third-party locks that are compatible with Apple’s HomeKit, or Apple might launch with a specific lock maker. Bloomberg notes that while a smart doorbell with FaceID would allow Apple to compete with products like Amazon Ring, it would also make the brand vulnerable to new risks, particularly if the system was blamed for home break-ins.