The Securities Appellate Tribunal (SAT) on January 23 delivered major relief to the National Stock Exchange when it set aside SEBI's April 2019 order directing it to disgorge Rs 1,000 crore for committing violations of stock exchanges and clearing corporation regulations. Additionally, the orders passed against former MD and CEO of NSE, Ravi Narain and Chitra Ramkrishna, to disgorge 25 percent of their salaries to the Investor Protection Fund have also been set aside.

Wipro: Employee union writes to labour dept over firm terminating offers of 452 freshers

An employee union has written to the labour department for an inquiry on Wipro, days after the company confirmed that it let go of 452 freshers for performing poorly on internal assessments after delaying onboarding. In its letter to the labour department, the Nascent Information Technology Employees Senate (NITES), a union of IT employees, said it was 'seeking prompt intervention’ in the matter against Wipro.