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Sebi order Rs 2-crore to be impounded from Polaris founder, ex-CFO

It is alleged that Arun Jain, who was the CMD of Polaris Consulting, and Srikanth, ex-CFO, had traded in the shares of the company while in possession of 'price sensitive information'.

Virtusa will purchase shares at a price of about Rs 220.73 apiece, aggregating to about Rs 1,173 crore.
Experts believe that while the sector may face some hiccups in the short term due to the pricing pressure, long-term outlook looks promising.
While the company met the street's (low) expectation, the guidance of 0.5-2.5 per cent growth was disappointing.
PC makers like Hewlett-Packard and Lenovo are still hoping Windows 10 will boost PC sales this fall, when they'll be offering more new models for sale.
India has an estimated 4,200 start-ups, taking the country's global ranking to number three in the world of start-ups.

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