Nalco reported a consolidated loss of Rs 28.25 crore in the quarter ended September 30.
The Sebi had barred the company and 12 of its promoter group entities from dealing in equity derivatives.
Every credit rating of such issuer will be reviewed at least once a year, by a registered credit rating agency.
The appellate tribunal has directed to list the matter on November 18 for orders.
Brokers said they could end up paying 30-35 per cent less in initial margins.
The one of its kind index, the AGRIDEX tracks and replicates the performance of the ten most liquid commodities traded on the NCDEX’s platform.
India's passive funds have delivered 9.6% this year, much higher than active funds' 5.7%.
ABG Shipyard is undergoing insolvency proceedings.
The move comes following the directions of the Supreme Court, Sebi said in a notice.
Further, because of holding securities for different purposes in a single account, it was difficult for the regulator to monitor movement and usage of client securities.
Sebi recently announced operational guidelines for FPIs and depository participants.
The company has sought an exemption on tapping the markets from the Sebi.
Gammon India is currently fighting a bankruptcy petition filed by banks .
A host of measures taken by the Securities and Exchange Board of India (Sebi) to enhance the safety of debt mutual funds are likely to drag down the returns from these schemes, say mutual fund advisors.
Internationally, cross-margining is available on various products, including between Indices.
The comments come after Nilekani said processes at Infy are so strong that God cannot change their numbers.
Last month, Infosys had informed that Sebi requested additional information from the company concerning the anonymous complaints.
In hindsight, it might be termed irrational exuberance.
The directive comes against the backdrop of liquidity woes in the NBFC sector raising concerns about mutual fund investment in such stressed companies.
UltraTech Cement will sell its entire stake in Bangladesh-based Emirates Cement Bangladesh
For the purpose of this circular ‘actual default’ by the issuer of such instruments shall be considered for creation of segregated portfolio.
Rajesh Bhatia, Geeta Bhatia, Giridharilal S Bhatia and Hiten Trivedi are the officials from whom the ban is lifted.
The regulator said that all existing FPIs registered as category III FPIs under the 2014 regulations shall be deemed to have been registered as Category II FPIs under the new regulations.
Earlier, fund houses were required to inform the same to valuation agencies only.
The second phase was to be implemented from July 1, 2019.
The second phase was to be implemented from July 1, 2019.
In 2008, Sebi had allowed cross margining across cash and exchange traded equity derivatives segments.
The regulator has also clarified that no pre-clearance is required for exercising employee stock options.
The circular mentions about the requirements to be fulfilled by entities registered with the UIDAI as KYC User Agency (KUA) as well as for sub-KUA.
The economy is going to bottom out somewhere around December-January-February.
The company paid Rs 19,12,500 towards full and final settlement of the alleged default.
Some long-standing concerns remained even after the regulator issued the new guidelines.
The order comes following an appeal filed by Victor Fernandes and Sangeeta Fernandes seeking further direction from the tribunal.
Sebi has imposed fines on the entities in the range of Rs 5 lakh to Rs 10 lakh each.
A company will have to appoint any one depository as its designated depository for the purpose of monitoring the foreign investment limits.
To further expand markets, we need to further simplify them, said Vikram Limaye, MD and CEO.
Since April 1, transfer of securities held in physical mode is not permitted.
The nomination and remuneration committee will have to be chaired by an independent director.
The chief ratings officer has been asked to directly report to the ratings sub-committee of the board of the CRA.
APPL was a group company of SKIL, where Mohnot and N Ravichandran worked, according to Sebi order.
Fund houses attributed the fewer NFOs in 2019 to tepid investors' sentiment and liquidity crisis in debt funds.
Indian Bank has reported a divergence of Rs 820 crore in its net non-performing assets (NPAs) for 2018-19.
C K Nithyanand and B G Srinath were non-executive directors of Way2Wealth at the time of violation.
SBI plans to raise about Rs 8,000 crore by selling a minority stake in the initial share sale of SBI Cards.
Currently, such divergences are disclosed by banks in their quarterly financial results.
The issue relates to the valuation of the shares of Federal-Mogul Goetz (India) Ltd or FMG by Tenneco Inc arising out of open offer for acquisition of 25.02 per cent.
As per Sebi's circular, the mutual fund houses will also have to state the reasons for such changes. The provision is applicable from November 6, the date of issuance of the circular.
The move comes following the directions of the Supreme Court.
In recent months, there have been several instances of under-reporting of bad loans by lenders, prompting regulatory action by the RBI.
Indian regulators have been wary of indirect investment routes.
RBI had imposed regulatory action, restricting remuneration of MD&CEO and putting a cap on branches.
Here are top stocks and sectors that created all the buzz during the week gone by.
The company’s current market share for auto in India is 24 per cent.
Tulip Expotrade, Subah Multimedia, Shraddha Entertainment, Daffodil Tradex, Chetan Dogra HUF and Chetan Dogra are the entities facing the restraint.
As per the regulator's circulars, listed companies are required to submit details for authentication to the regulator that provides company specific user ID and password.
Sebi noted that the individuals had caused artificial price rise in the scrip of the company.
Mutual funds and NBFCs have been the biggest lenders to promoters in recent years.
Mutual fund distributors who want to undertake Aadhaar authentication services through KUAs (KYC User Agency) should enter into an agreement with the KUA. They should also get themselves registered with UIDAI as sub-KUAs.
Upon observing large-scale reversal of trades in the stock options segment of the exchange, Sebi conducted a probe between April 2014 and September 2015.
Historically, strategy formulation and execution has been one of the key strengths of Sun Pharma.
Issuers must make appropriate disclosures at the time of listing and on a continuous basis.
Sebi noted that the brokerage house utilised overdraft facility on client bank account and charged interest to the client bank account for such facility, which is in violation of the brokers' norms.
Queries sent to the SEC with regard to cooperation sought from Sebi remain unanswered.
Total income fell to Rs 159.58 crore during the quarter under review from Rs 164.05 crore.
Stock exchanges have asked Infosys why the company failed to disclose the matter.
The regulator ordered to impound the losses avoided, worth over Rs 7 crore, by the director Arvind Goyal through fraudulent trading.
The regulator may also summon the company's top management and others.
Currently, there are more than 20 startups in India valued at over $1 billion .
Retail investors also need to be given extra focus and be made a part of the capital market story, Tyagi said.
In the wake of a number of resignations in listed companies off late, the Securities and Exchange Board of India (Sebi) on Friday floated stricter disclosure norms for resignation of auditors. In a circular, the regulator said that listed entities should disclose the detailed reasons to stock exchanges in case of resignation of its auditor within 24 hours of receiving the reasons from the auditor.Sebi tightens norms for resignation of statutory auditors
Nirmala Sitharaman pointed out that India needs a vibrant stock market.
The tribunal had quashed the order but partly allowed disgorgement of the Rs 13 crore fee from the auditors concerned.
The proceeds of the issue will be utilised towards augmenting the company's capital base to meet future requirements.
Upon resignation of auditor, audit committee needs to raise concerns with management, Sebi said.
Qatar Airways has no interest in buying a stake in Air India but is interested in IndiGo, said its CEO.
KPR Mill announced its plans to buyback as many as 37.51 lakh equity shares on April 30.
Infosys said that it will provide the information as per the requests. Earlier on Wednesday, Infosys said speculations of co-founders and former employees being involved in the recent whistleblower allegations were "appalling" and seem to be aimed at tarnishing the image of some of "the most accomplished and respected individuals".
The draft documents for 125 NFOs have been submitted with the Securities and Exchange Board of India (Sebi). Interestingly, many mutual fund companies are looking at index funds and global funds.
The company is said to be one of the top ten dividend-paying companies in India, having paid Rs 10,530 crore (Rs 271 per share) in FY19.
“The probe had found certain instances of funds being transferred to the promoter's company. When Thapar was confronted with the same, he refused to give satisfactory replies,” added one of the officials cited above. There was no response from Thapar or the company to a query on this matter from ET.
PMAC panel also has representatives from Sebi, RBI and finance and corporate affairs ministries.
Analysts said many of these stocks would have been included in the derivatives segment but for this ban period.
The regulator imposed a fine of Rs 12.2 lakh on Excell Steel and Rs 5 lakh each on Gokul Financial Advisors and Universal Enterprises.
The regulator also asked other investors of PACL to await committee's notification.
SEBI said that the load structure should be reviewed annually by Amfi, in consultation with SEBI.
The entities have violated Substantial Acquisition of Shares and Takeovers (SAST) norms, Sebi noted in separate orders issued on Thursday.
Even if the bankers agree on a deal under the ICA, it is not binding on funds.
“The company will cooperate with the SEC’s investigation,” Infosys said in a BSE filing.
The certification helps in creating the necessary manpower for the growing market ecosystems.
NSE had informed Sebi that it visited the office of the firm after the directors were absconding.
Prem Watsa has controlling stake in the bank which posted a loss of Rs 197.4 crore in 2018-19.
The markets regulator will also hire a firm to look after floral managements at the office.
The auction will be conducted on November 22.
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
Under the norms, brokers are required to segregate own securities and client securities.
Baring PE Asia has emerged as the sole bidder to acquire a controlling stake in CanFin Homes.
Private banks were in a party mood, with ICICI Bank and IndusInd Bank leading the charts.
Sebi said there is a need to create awareness among investors about such incidents.
Sethna executed trade with an aim to artificially raise the price of the scrip.
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