News digest: Sensex hits record high, panel favours phone tapping, and more

From a committee on fair market conduct suggesting Sebi should seek powers to tap phones to R S Sharma's reappointment as Trai chairman, BS brings you top stories to keep up with the latest news

Sebi should seek power to tap phone calls: Panel on fair market conduct

A committee on fair market conduct has suggested that market regulator, Securities and Exchange Board of India (Sebi), should seek powers to tap telephones and other electronic communication devices to check insider trading and other frauds.

Currently, Sebi has the power to only ask for call records, which includes numbers called and the duration of calls made. If the recommendation is implemented, Sebi will be able to listen in on the calls, as well as intercept other forms of electronic communication. Read on...  

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