MAM
Report on Shemaroo

CNBC Awaaz terminates Stock 20-20 host Hemant Ghai

SEBI found him violating its securities market regulations by making biased recommendations.

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2021/01/14/heamnt.jpg?itok=pMb_pVa0

NEW DELHI: The Network18 Group has terminated stocks editor & anchor Hemant Ghai, the co-host of Stock 20-20 which airs on its Hindi business news channel CNBC Awaaz, as a consequence of an order passed by the Securities and Exchange Board of India (SEBI) against him for violating stock market regulations. 

The network, in a statement, said, “All employees of Network18 are required to pledge themselves to a code of conduct which, among other things, expressly forbids the manipulation of prices of listed securities. Mr Ghai was also a signatory to the code of conduct. Network18 takes its commitment to honesty and integrity seriously. We will not tolerate any behaviour which does not conform to the highest standards of professional and ethical conduct.”

It was alleged that Ghai used to recommend the shares of the stocks that he would have already purchased (in the names of his wife and mother) on the show, which resulted in the same stocks getting sold out, leading to increase in price. Through such activities, they violated the provisions of SEBI's (Prohibition of Fraudulent and Unfair Trade Practices) Regulations.

“By purchasing shares in the accounts of Jaya Hemant Ghai and Shyam Mohini Ghai for which buy recommendation is given, with the advance information of buy recommendation and thereafter selling the same as soon as the market opens on the recommendation day unfairly taking advantage of the price and volume rise post recommendation is a fraud played upon the market and the viewers of the show. The viewers of the Show trust the recommendation made in the Show without realising the scheme has been devised for their personal gains," the SEBI order said.

SEBI has also restrained Ghai from undertaking any activity related to giving investment advice, sell or buy recommendations, publishing of research reports etc, related to the securities market, till further directions. Additionally, the bank accounts of his mother and wife have been frozen, along with his. 

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/10/img_10042021_125152_800_x_800_pixel.jpg?itok=cuTzE2Bk
Rahul ‘The Wall’ Dravid’s calm facade cracks in new Cred ad

MUMBAI: How many times have you seen the Indian cricket team’s former captain Rahul Dravid lose his cool and holler at an opponent? Chances are nil. Known for his calm and gentlemanly temperament, both on and off-the-field, ‘The Wall’, as he’s been dubbed for his rock solid Test match innings, has...

MAM Media and Advertising Ad Campaigns
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/10/img_10042021_114626_800_x_800_pixel.jpg?itok=pmEz9LNP
After Ekatvam, Tanishq highlights India's cultural diversity in new campaign

NEW DELHI: After being brutally trolled for its controversial Ekatvam campaign last year, it would seem that jewellery brand Tanishq has learnt its lesson. Instead of fixating on a particular religious community, the brand is playing up the unity in diversity sentiment in the new brand proposition...

MAM Media and Advertising Ad Campaigns
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/10/img_10042021_111338_800_x_800_pixel.jpg?itok=Uzt32lPb
Krista Thomas joins InMobi Marketing Cloud as SVP & global head – marketing

NEW DELHI: InMobi has onboarded ad tech veteran Krista Thomas as the senior vice president and global head of marketing for its marketing cloud platform. In her new role, Thomas will utilise over 20 years of experience working in the media and marketing industries to expand the awareness and...

MAM Media and Advertising People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/09/img_09042021_134824_800_x_800_pixel.jpg?itok=dathKWZo
Upstox urges us to take the first step towards investing

NEW DELHI: Days after announcing its association with the 2021 edition of the Indian Premier League (IPL), Ratan Tata-backed brokerage firm Upstox has rolled out a new campaign, Start Karke Dekho, that aims to promote better financial participation in the country. By speaking to the fact that...

MAM Media and Advertising Ad Campaigns
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/09/img_09042021_134031_800_x_800_pixel.jpg?itok=vO388T74
No limit on happiness: Axis Bank plays up moments of little joys

NEW DELHI: Axis Bank has released a multi-film campaign for its cards portfolio. The campaign, conceived by Lowe Lintas Mumbai, focuses on the small moments of joy to promote the bank's credit card offerings. In these series of ad films, Axis Bank has taken an emotion-driven approach, in line with...

MAM Media and Advertising Ad Campaigns
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/09/photogrid_plus_1617950947967.jpg?itok=UjMGezc-
GroupM India assigns new roles to Vinit Karnik and Karthik Nagarajan

MUMBAI: In a bid to bolster its core leadership, GroupM India has elevated and assigned new responsibilities to GroupM business head - entertainment & sports practice (ESP) Vinit Karnik and Wavemaker India chief content officer Karthik Nagarajan. Karnik will take over the new role of head –...

MAM Media and Advertising People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/09/punjab.jpg?itok=XNW-p4aJ
Bodycare Creations signs on as official partner of Punjab Kings

MUMBAI: In a testimony to the league’s immense popularity with female audiences, Indian innerwear brand Bodycare Creations has signed on as official partner of the Punjab Kings franchise in the upcoming season of the Indian Premier League (IPL) which begins on 9 April.

MAM Marketing Brands
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/09/taj_mahal-tea.jpg?itok=R8cIW0Uf
Slow down with a cup of tea, says Brooke Bond Taj Mahal

MUMBAI: We live in a world that celebrates speed, where keeping busy is how we measure our happiness. We passionately make plans and feel delighted in chasing them. But the truth is, that life’s most rewarding moments aren’t found in grand plans or great adventures. Instead, they are found when we...

MAM Media and Advertising Ad Campaigns
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/04/08/gaming.jpg?itok=GeGMnS7j
Gaming revenue surged 20% in 2020, audience more diverse: Essence report

MUMBAI: Last year, the world stayed at home. Outdoor divertissements like live sports and events, and catching a movie at the multiplex were off the table, owing to the Covid2019 pandemic. People had to find new ways to distract themselves from the grim reality; apart from online video streaming,...

MAM Marketing MAM

Sign up for our Newsletter

subscribe for latest stories

* indicates required