The Economic Times
Stock Analysis, IPO, Mutual Funds, Bonds & More

NRIs may soon get to invest as FPIs

NRIs are currently allowed to invest only 5 per cent in a listed company.

Ontario Teachers, Capital International in talks to buy a stake in NSE

However, a source close to Tiger Global said the US fund is likely to continue as a shareholder in the exchange.

Bhav bhagwan che! But who is really playing bhagwan here?

The biggest conundrum we face is what is on the front pages of the pink press everyday.

Burger King India gets Sebi nod for IPO

Burger King's offer comprises fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale of up to 6 crore equity shares by QSR Asia.

Investor complaint case: SC expunges SAT's comments against Sebi

“We have no hesitation in stating that Sebi as a regulator in the instant case has not performed its duties and has kept the complaint pending for more than six years, which speaks volumes by itself. The tribunal fails to fathom why the complaint could not have been decided unless Sebi officials had a vested interest in not deciding the matter," SAT had said.

Sebi disposes of insider trading case against former Gammon Infra CMD

In November, the Securities Appellate Tribunal (SAT) has set aside a Sebi order that banned Rajan from the capital markets for alleged insider trading.

Govt starts search for new Sebi chief

The Centre has started a search process to find the next chairman of the Securities and Exchange Board of India (Sebi). Incumbent Sebi chief Ajay Tyagi’s three-year term ends in March.

Rakesh Jhunjhunwala under Sebi lens for ‘insider trading’

Sebi issues summons to investor Jhunjhunwala, some family members and Aptech directors.

Sebi rejigs secondary market advisory panel

The Secondary Market Advisory Committee is chaired by IIM Ahmedabad Professor and former whole-time member of Sebi, Jayanth R Varma, the latest update with the Securities and Exchange Board of India (Sebi) showed.

Sebi panel proposes sweeping changes to norms governing related party transactions

The panel proposed changes to strengthen the monitoring related party transactions.

Sebi rationalises margin framework for commodity derivatives to check volatility

In addition, clearing corporations have been asked to prescribe floor values of initial margin as well as margin period of risk (MPOR) depending upon their categories.

Sebi slaps Rs 1.89 cr fine on 21 entities for fraudulent trading in Sarang Chemicals' shares

Penalties levied by the regulator on the entities are in the range of Rs 2 lakh-Rs 20 lakh, for flouting market norms.

Vakrangee revamps senior management, enhances independence of board

The company is in compliance with the Kotak committee recommendations and SEBI’s revised Listing Obligations and Disclosure Regulations.

Sebi plans to rationalise margin system in derivatives

The regulator is expected to come out with the new margining system this week.

US PE firm Vista unfair to us: Accelya minority shareholders

Vista Capital officials could not be reached for their comment.

Sebi urges SC to allow IHH open offer for Fortis

Sebi has urged SC to allow IHH Healthcare to proceed with an open offer for Fortis Healthcare.

Sebi cautions investors against dealing in PACL properties

Sebi found PACL to have collected Rs 60,000 crore through illegal collective investment schemes .

Not received Sebi request for further audits: Infosys

Earlier this month, Infosys put out the results of its internal investigation -- clearing the executives of all wrong-doing. The whistleblower has ostensibly mailed the US Securities and Exchange Commission with evidence. That investigation is still underway.

Infosys shares fall on reports Sebi likely to call for forensic audit

The scrip declined 1.37 per cent to Rs 773.80 during the day on the BSE

Sebi considering use of AI to curb market manipulation

Market regulator Sebi is considering the use of artificial intelligence and other advanced technology to curb market manipulation, its chairman Ajay Tyagi said on Thursday.Sebi considering use of AI to curb market manipulation

Govt to decide soon on letting Indian firms list overseas

The official said many companies are interested in listing their equity shares in foreign countries.

What changed for D-Street while you were sleeping

Here’s breaking down the pre-market actions.

India Inc should avoid pushback on corporate governance, says Sinha

Sinha said there are too many members at the Financial Stability and Development Council (FSDC), headed by the finance minister, which is preventing decisions to be taken.

Sebi bans Equicom Financial, directors from providing investment advisory services

They have also been barred from capital markets, Sebi said in an order.

SEBI-Sahara case: Supreme Court exempts Sahara group chief Subrata Roy from personal appearance

Roy was sent to the Tihar Jail by the apex court on March 4, 2014 and came out on parole after spending over two years in prison on May 6, 2016 to perform the last rites of his mother Chhabi Roy. He has been out of prison since then.

Sebi levies Rs 20.4 lakh fine on 4 firms for fraudulent trade in illiquid stock options

The orders follow a probe conducted by the regulator between April 2014 and September 2015.

Sebi to hire independent agencies to dispose of attached assets

The Securities and Exchange Board of India said bids can be submitted by February 10, 2020.

New India Assurance settles insider trading case with Sebi, pays over Rs 62 lakh

New India Assurance paid Rs 62.68 lakh to settle the case through settlement procedure.

Sebi asks individual to disgorge Rs 4.9 crore for flouting takeover norms in Orient Tradelink case

The amount has to be paid along with a 10 per cent interest from August 1, 2019.

CPSE ETF's 7th tranche to open on Thursday; govt to raise Rs 10,000 crore

The issue will open for anchor investors on Thursday and for other institutional and retail investors, the next day.

Stocks in the news: Maruti Suzuki, Aptech, Wockhardt, HDFC, DHFL and Infibeam

TeamLease Services, Mastek and Tata Coffee are some of the companies which will report Q3 results today.

Don't see board room issues impacting IndiGo's performance: Hardeep Singh Puri

The differences between co-founders and co-promoters -- Rakesh Gangwal and Rahul Bhatia -- came to the fore in July 2019 after Gangwal sought market regulator Sebi's intervention to address alleged corporate governance lapses at the company. In the wake of the feud, arbitration proceedings are also going overseas between the two promoters' sides.

Sebi comes out new framework to check non-compliance of listing rules

According to a Sebi circular, exchanges can impose a fine of Rs 50,000 per instance for non-compliance with respect to obtaining in-principle approval of bourses before issuance of securities.

Sebi cuts notice period for rights issue to 3 days

The markets regulator said it has simplified the rights issue process to make it more efficient and effective.

IRFC files IPO draft papers with Sebi

The shares of the company are proposed to be listed on the BSE and the NSE.

Sebi may raise trading margins in commodities

They added that margins to trade could consequently increase.

Sebi informs market stakeholders of updated list of entities, individuals under UNSC sanctions

Registered intermediaries shall continuously scan all existing accounts to ensure that no account is held by or linked to any of the entities or individuals included in the list.

Shri Bajrang Power gets Sebi nod for Rs 500 crore IPO

The company, an integrated manufacturer of long steel products in the country, is the first one to get a clearance this year from the regulator to float an IPO.

Sahara chairman Subrata Roy appears in SC, says has paid most of his dues

Sahara chairman Subrata Roy on Friday claimed in the Supreme Court that he had cleared most of the dues demanded by the market regulator to pay public depositors in his group companies. Sebi informed the court that he had so far paid only a part of the money due, including interest.

Stocks in the news: HDFC, Dr Reddy's Labs, ICICI Bank, JSW Steel and Cipla

DCB Bank reported an increase of 12.31 per cent in its net profit at Rs 96.70 crore for December quarter.

Sebi cautions PACL investors against fake emails

Sebi in a press release said that the committee headed by retired Justice R M Lodha received complaints from investors of PACL that they are receiving emails from requesting them to file application forms for claiming refund.

Best conservative hybrid schemes to invest in 2020

Conservative hybrid funds invest 75-90 per cent of the corpus in debt instruments and 10-25 per cent of the corpus in equity or stocks.

How Sebi's new margin money rule changed the game for stockbrokers

It would lead to an increase in the impact cost or slippages.

Sebi moots splitting investment advisor, distributor roles

Sebi has suggested mechanisms for charging fees from clients and proposed to raise the net worth requirement for IAs.

Sebi puts in place guidelines for listed REIT, InvIT on rights issue

Sebi has allowed listed REIT and InvIT to make a rights issue of units.

Sebi comes out with disclosure format for listed debt securities

The first submission should be made by the listed entities for the half-year ended March 31, 2020.

FPIs: Sebi exempts certain entities from clubbing of investment limit

The exemption would be applicable where the Indian government has entered into agreements or treaties with overseas governments or there is an order.

Sebi fines Zee Group Rs 9 lakh for disclosure lapses

The regulator has levied a fine of Rs 6 lakh on 25FPS Media Private Limited and Rs 3 lakh on Zee Media Corporation Ltd (ZMCL), Securities and Exchange Board of India (Sebi) said in an order.

Sebi allows stock exchanges to launch 'option in goods' in commodities

The provision will pave the way for launching options contracts in commodities, says Sanjit Prasad, ICEX.

Sebi exonerates 9 former, current NSE officials in co-location case

In 2015, Sebi had received complaints alleging various irregularities in respect of co-location facility provided by NSE.

Hedged trades may cost less as Sebi likely to lower margin requirements

Initial margins that traders must pay exchanges include SPAN and Exposure.

SAT stays Sebi order in Axis-Karvy stock broking case

Axis Bank lent Rs 80.47 crore to Karvy Stock Broking in the form of overdraft against shares.

The big-will-get-bigger thesis on D-Street is bound to fail. Here’s why

D-St will not react to any stimulus, which it may or may not be expecting from Budget.

Sebi suspends Jagruti Securities for one year

Sebi ordered inspection in December 2006 after it received certain complaints against Jagruti Securities regarding non-payment of funds and securities to the clients.

Sebi rejects Axis Bank plea to invoke Karvy shares

Axis Bank lent Rs 80.47 crore to Karvy Stock Broking in the form of overdraft against shares.

SAT upholds Sebi's Rs 2,423 cr fine on PACL directors

The company and its directors had mobilised funds to the tune of over Rs 2,686 crore by running unregistered collective investment schemes between 2013 and 2014.

Sebi cancels registration of stock broker Click2Trade Capital

Sebi said that it has been declared a defaulter and expelled from the memberships of BSE.

NCDEX wants govt to mandate banks to extend agri-credit only against eNWR in Budget

NCDEX said that the Commodity Transaction Tax (CTT) levied on processed agri commodities has increased impact cost of market participants.

Sebi bans former Diageo official for 7 yrs in insider trading case

Regulator Sebi has barred Nishat Shailesh Gupte, a former official of Diageo Plc

Sebi puts off deadline for splitting CMD post by 2 yrs

Monday’s extension irked corporate governance experts.

Capital call: Government set to allow firms to directly list overseas

While detailed discussions on the proposal have taken place, a formal decision is awaited, sources said.

Sebi defers deadline by 2 years to split chairman & MD post

Top 500 entities were earlier required to separate chairperson & MD post from April 1, 2020.

Turning to tech disruption for wealth creation

Zeva Astras, a tech-driven wealth management startup, has received funding worth $80 million from a US-based venture capitalist.

PACL case: Sebi introduces facility to view status of claim applications, rectify errors

PACL, which had raised money from the public in the name of agriculture and real estate businesses, was found by Sebi to have collected more than Rs 60,000 crore through illegal collective investment schemes (CIS) over a period of 18 years.

Want to Budget-proof investment? Go for insurance stocks: Sudip Bandyopadhyay, Inditrade Capital

Govt needs to figure out sources of revenue or allow a higher fiscal deficit.

Budget may give Rs 500 cr each for two MSME funds

The distressed asset fund will also receive a guarantee from the Credit Guarantee Fund Trust for Micro and Small Enterprises, which was set up by the government and Sidbi a few years ago.

DMart plans Rs 6,200 crore QIP to meet Sebi holding norm

Avenue Supermarts promoter Damani has to pare his 80.21% stake to comply with the SEBI’s minimum public shareholding rule for listed companies. This stipulates that promoters cannot own more than 75%.

Stocks in the news: Coffee Day, UltraTech Cement, Sterling & Wilson, JSW Steel and SpiceJet

Punjab National Bank (PNB) has scrapped its plan to sell shares in its mortgage lending subsidiary PNB Housing Finance.

NSE under another Sebi probe, this time for document leaks

Alleged leaks took place during Ramkrishna’s tenure; bourse said to have filed consent plea.

Patanjali group eyes Rs 25k crore turnover in FY20

Patanjali group will register a joint turnover of Rs 25,000 crore in the current fiscal ending March 2020, in which around Rs 12,000 crore would be contributed by Patanjali group firms and Rs 13,000 crore will come from Ruchi Soya, which was acquired recently by Patanjali.

Karvy case fallout: Brokers may lose power of attorney privilege

Brokers taking collateral may only get to create a pledge on shares with customer consent.

NSE approaches markets regulator Sebi for IPO

SBI, earlier this month, announced that it is looking to sell 50 lakh shares representing 1.01 per cent stake in the NSE as part of its capital raising exercise. Currently, State Bank of India (SBI) holds 5.19 per cent stake in the exchange. The entire IPO would be offer-for-sale (OFS), wherein existing shareholders will sell NSE's shares.

Sebi puts in place operating guidelines for investment advisers in IFSC

Under the framework, any recognised entity or entities desirous of operating in IFSC as an investment adviser (IA), may form a company or LLP to provide investment advisory services.

Sebi restrains Vrise Securities from registering new clients for 6 months

The firm was formerly known as Vishesh Capital.

Sebi proposes plugging a loophole in MF transactions

If you have been reading any investing-related news recently, you would probably guess — correctly — that this effort of the regulator is amongst the fallout of the Karvy affair.

SP arm concealed ‘material info’ in IPO papers: Kenneth Andrade

Old Bridge Capital’s alternate investment fund was one of the investors in Sterling and Wilson IPO.

Government plans to garner Rs 10,000 crore from 7th tranche of CPSE ETF

The issue is likely to open for anchor investors on January 30.

Mutual fund houses see red as Sebi asks them to monitor listed companies

Mutual funds, AIFs may need to report corporate governance issues in firms they invest in.

Mutual funds add 68 lakh folios in 2019

As per Sebi, the number of folios with 44 fund houses rose to 8.71 crore at the end of December 2019 from 8.03 crore at the end of December 2018

Sebi bans Adamina Traders for 3 years for fraudulent trading

Sebi had issued a show cause notice in September 2017 to Adamina Traders alleging that the firm manipulated Secunderabad Healthcare shares.

Splitting CMD roles: SBI cites Act, seeks clarity from Sebi

Sebi has asked all listed companies to appoint separate individuals to the posts of chairman and managing director by April 1, 2020. Also, the chairman, who will have a non-executive role, should not in any way be related to the managing director or the CEO. This rule, however, does not apply to companies with no identifiable promoter.

Gati’s board clears 13.3 million shares’ allotment to Allcargo

The preferential allotment would result in Allcargo acquiring 10.91 per cent stake in Gati.

Sebi comes out with system audit framework for exchanges, clearing corporations

The decision has been taken based on discussions with stock exchanges, clearing corporations and depositories along with recommendations of Sebi's Technical Advisory Committee.

How Sebi’s new rule on upfront margins will hurt brokers

On Sebi order, stock exchanges have asked stock brokers to compulsorily collect the entire initial margin before a trade that is not carried forward to the next day. Here's how Sebi’s new rule will hurt brokers.How Sebi’s new rule on upfront margins will hurt brokers

Sebi tweaks rating withdrawal norms for CRAs

Sebi said at the time of withdrawal, the CRA should assign a rating to such instrument and issue a press release mentioning the reason for withdrawal of rating.

Derivatives trading in commodity indices

SEBI has permitted trading in composite and sectoral indices.

IndiGrid to raise Rs 7,500 crore debt in 18 months to finance acquisitions

​IndiGrid is on track to achieve asset under management of Rs 18,000 crore over the next two years as it acquires projects for which it has signed framework agreement with Sterlite Power. It will acquire four of these assets in the next 6-18 months.

Power Grid plans public InvIT to raise Rs 10k cr

The issue is likely to open for subscription before the end of FY20.

Info Edge opens Rs 100 cr venture fund

It is, however, yet unclear if the company will bring in external investors to back the fund along side it, or the stage in which it will invest in potential companies.

Allcargo acquires 13% stake in Gati

Allcargo said that the firm is well on track to complete the process to acquire 44.5 per cent stake in Gati.

CCI approves Reliance's divestment of Jio tower assets

The proposed transaction involves the acquisition of indirect control of RJIPL by Jarvis, the Competition Commission of India (CCI) noted in a combination notice filed with it. Tower Infrastructure Trust, an InvIT, currently holds 51 per cent of the outstanding equity share capital of RJIPL. Current Sponsor of the InvIT is RIIHL.

Sebi levies Rs 1.83 cr fine on 29 entities for fraudulent trading in Dhanleela

The regulator has imposed fine in the range of Rs 5 to Rs 15 lakh each on the individuals for violating provisions of Prohibition of Fraudulent and Unfair Trade Practices.

Srei plans to raise Rs 3,000 crore via NCDs, commercial papers in FY21

The proposals will be placed before its board for approval on February 14.

Route Mobile gets Sebi nod for IPO

The company had earlier received Sebi nod for the IPO in 2018 as well, which had expired. ​

Sebi appoints Babita Rayudu as executive director

Prior to her promotion as executive director, Rayudu was in the legal affairs department in Sebi.

Sebi continues with pro-employee measures, plans holiday home tie-up

The markets watchdog, which has been taking several pro-staff initiatives, has now invited "Expression of Interest from reputed, well established entities or agencies having hotels or resorts at tourist destinations in India to provide holiday home facility to Sebi".

Diversified mutual funds seen as a better bet than the ESG theme, for now

Axis ESG fund is a bit different from other ESG funds as it will invest up to 30% of its corpus in foreign stocks. The Axis ESG NFO fund closes on February 5.

Sebi settles insider trading case in Sabero Organics matter for Rs 59 lakh

The regulator during a probe between May-June 2011, noted that Coromandel, after a meeting with the representatives of Sabero Organics, informed the exchanges about the acquisition of the latter by it.

How Sebi circular can adversely impact investment advisors

The circular makes five changes to the law governing ‘investment advisors’.

1 2 3 4 5 6 7 8 9 10

Other useful Links

Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service