We would like to welcome you to watch Stock Market Ka Tadka Ep-6. A little bit of comedy, Some sarcasm and lots of fun. So who was in the news this weekend? Supreme court, Adani Group, SEBI investment advisor and TCS too.

So as you know last week the Supreme Court did a final hearing of rounds in the matter of the Adani Group Stock Manipulation case. The Supreme Court came heavily on petitioners. As per the Supreme Court, they could not produce any bonafide or strong evidence against Adani Group.

As per the court newspaper clippings are not proof. Also, the court said that Hindenburg and OCCRP reports are not gospel truth and there are no credentials in reports which prove that allegations against Adani Group are true. Even SEBI has not pressed anything against Gautam Adani.

In other news India’s top IT company TCS has been caught stealing the source code of the software of a USA tech company and a federal court in the USA has fined it ₹210 million for this mischief.

According to reports in USA newspapers, TCS employees copied and pasted the code of software owned by DXC Technology. The company caught this and sued TCS in court. TCS is denying this and saying they will re-appeal against the decision. However, this news did not go well with TCS Investors in India. Its share fell heavily and investors suffered losses.

This week too SEBI caught 2 entities indulging in illegal activities. Unfortunately, both are registered entities. One is Mr Harwinder Sidhu who is a registered research analyst. SEBI caught him doing many violations like trading as per tips given by him to his clients, not maintaining any record of his tip advisories, and not auditing his firm.

In an interim order, SEBI has fined him ₹20 Lakh for these violations and asked him to deposit money with SEBI within 15 days from the release date of the order.

In another order, SEBI gave directions against Ms Pinky Kelval, a registered Investment advisor. SEBI caught her doing account handling of clients, charging more fees to clients and selling unsuitable plans to clients irrespective of their age and risk profiling.

Also, many clients filed complaints with SEBI against her unruly attitude towards them. In the Current order, SEBI has asked her to resolve all complaints against her received on the SCORES website.

This was all for this week. Let's meet next week with another episode with some quirky stock market news.

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00:00 Intro
00:13 Netflix Suffered a Loss of $55 Million
01:14 Supreme Court Dropped Case Against Gautam Adani
01:56 SEBI Caught a Registered Research Analyst
02:58 Another Investor Advisor caught Doing Illegal Activity
03:29 TCS Fined $210 Million For Code Theft
04:21 Will Meet You Next Week A