B Gopkumar, managing director and chief executive officer at Axis Securities, is the new CEO of Axis Mutual Fund. He takes over from Chandresh Nigam who has stepped down as the CEO. The fund house has been plagued by the front-running scandal that came to light last year when it suspended its former chief dealer Viresh Joshi after finding him guilty in an internal investigation. The Securities and Exchange Board of India (SEBI) on February 28 said it has barred Joshi and 19 others in a front-running case linked to the fund house. The market regulator said it identified Rs 30.5 crore as wrongful gains accrued due to the alleged front-running activities and directed that this amount be impounded from the entities. (This is a developing story, please come back for more)
Abu Dhabi Investment Authority nears buying $500 million stake in India’s Lenskart, sources say - Moneycontrol
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