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Bears return to D Street as foreign funds head for exit

The volatility index jumped 6 per cent to end at 12.45, reflecting heightened nervousness.

Insider trading: Sebi provides standardize format for code of conduct violations reporting

The regulator said it has been receiving various references from listed firms regarding violations related to code of conduct.

Sebi changes formats for limited review, audit reports

"This circular shall be applicable with respect to the financial results for the quarter ending September 30, 2019 and after," Sebi said.

Auditor resignation: Sebi moots stricter disclosures

Sebi has sought public comments to the proposals by August 8.

Sebi slaps Rs 15 lakh fine on Kelvin Fincap for flouting market norms

A penalty of Rs 15 lakh was levied on Kelvin Fincap, formerly known as Dahyabhai Sons.

Difficult to enforce new public holding rule: Sebi

Govt-owned cos are laggards in raising minimum public shareholding level to the 25% norm.

Sebi proposes tighter disclosure on auditor resignation

Markets regulator Sebi Thursday proposed stricter disclosures, including detailed reasons, on resignation of auditors, amid rising instances of auditors quitting companies. Besides, an auditor would have to provide appropriate disclaimer in case of auditor's resignation is due to non-receipt of information from the company concerned. The regulator also proposed to further strengthen and clarify the role of audit committees of the listed firms. Sebi came out with proposals as it found that resignation of an auditor before completion of the audit of financial results for the year hampers investor confidence and leaves investors with lack of reliable information for making their financial decisions.Sebi proposes tighter disclosure on auditor resignation

Sebi tweaks disclosure norms for listed banks

The changes made in the disclosure norms are "in line with the revised RBI requirements," the regulator said in a circular dated July 17.

Sebi proposes additional disclosures for auditor resignations

The proposals revolve around strengthening disclosures to investors and strengthening and clarifying role of the audit committee.

SEBI chief reignites autonomy debate over sharing surplus funds to govt

Securities and Exchange Board of India (Sebi) chairman Ajay Tyagi has written to finance minister Nirmala Sitharaman, saying budget proposals requiring the transfer of the regulator’s surplus funds to the Consolidated Fund of India (CFI) and prior government nod for its annual capital expenditure plans will affect the entity’s financial autonomy, said a person familiar with the development.SEBI chief reignites autonomy debate over sharing surplus funds to govt

IndiGo board meeting to continue on Saturday, says CEO Dutta

The board of InterGlobe Aviation Friday discussed a "range of issues", including appointment of a woman director, and the meeting will continue on Saturday, company's CEO Ronojoy Dutta said.

View: Transfer surplus from Sebi but retain its financial autonomy

The amendment proposed to the Sebi Act, as part of the Budget, to require Sebi to take the government’s permission for making capital expenditure, does curtail the regulator’s autonomy.

Moving Sebi surplus to government will hit fin autonomy: Tyagi

The budget proposes that Sebi take government approval for its annual capital expenditure.

IndiGo posts highest-ever quarterly profit in Q1

​India's biggest airline by market share said its profit soared to Rs 1,203 crore for April-June quarter.

Annai Infra gets Sebi approval to float IPO

The total IPO size is about Rs 200-225 crore, according to market sources.

IndiGo Q1 profit zooms 43 times to Rs 1,203 crore on 44% YoY jump in revenue

CEO Ronojoy Dutta said that this was the highest-ever profit reported by the company.

IL&FS' rating agencies made professional compromises, says Grant Thornton

The role of five CRAs- CARE, Icra, India Ratings, Brickwork and CRISIL have been under review.

Market Movers: What changed for D-Street while you were sleeping

Check out what all might matter on Dalal Street all through the day.

Sebi provides new format for compliance report on corporate governance

SEBI had asked listed companies to submit compliance report on corporate governance in a prescribed format.

Sebi fines GKS Properties Rs 5 lakh for fraudulent trade

GKS Properties was one entity which executed reversal trades, Sebi said in an order.

InterGlobe Aviation board meet on Friday amid promoter spat

Gangwal has flagged concerns about related-party transactions involving IGE Group and the allegations have been refuted by the Bhatia camp.

Stocks in the news: RIL, IndiGo, YES Bank, Mindtree, ACC and Jet Airways

The founders of Mindtree will stay on to stabilise and grow the business.

Are overnight mutual fund schemes a good choice for ultra conservative investors?

Many debt mutual fund investors wanted to shift from liquid funds to overnight funds after a series of downgrades hit liquid funds.

Sebi issued 47 warning letters to mutual fund houses in 2018-19

During 2018-19, 47 warning letters and 24 deficiency letters were issued to mutual funds/ Asset Management Companies.

Govt may revisit restrictions on issuance of DVRs

Up until recently, India only allowed DVRs with lower voting rights.

IL&FS case: Ratings were allegedly doctored by agencies, says Grant Thornton

Grant Thornton in its report pinpoints a Real Madrid match, property deal and contribution to a trust.

Apollo Tricoat Tubes: Do we have a multibagger stock in the making?

The new promoter has got a habit of under-promising future numbers and over-delivering.

New Delhi must reform, instead of picking Mumbai’s pocket

This is where the Jalan panel’s recommendation, that the funds transfer be phased out over three to five years, comes in.

Seven indirect taxation-related laws being amended: FM Nirmala Sitharaman

​​Apart from these seven Acts, the government would also be bringing changes to seven laws related to direct taxation.

11 Nifty-50 companies deviate from Sebi rules

Of the 26 deviations, stock exchanges took penal action against five companies for six lapses.

SBI seeks exemptions from Sebi on new corporate governance norms

The development comes after SBI’s compliance auditor issued “modified” opinions on seven issues.

Grant Thornton submits forensic audit to IL&FS management

The Uday Kotak-led board of the group had appointed Grant Thornton to conduct forensic audit.

D-Street may see $25b inflows with a higher weight in MSCI EM index

Industrials and materials sector companies could see the biggest weight increase.

Care Ratings slips over 4% as MD and CEO sent on leave

Scrip was down 4.35% at Rs 867.30 at around 9.40 am (IST), while BSE Sensex was trading 100 points.

Stocks in the news: YES Bank, Wipro, Care Ratings, ACC and Allahabad Bank

India's fourth-largest software company reported 12.58% YoY rise in net profit.

Turbulence-hit IndiGo shows up on regulatory, government radars

IndiGo instructed to submit all documents, including EY report on related-party transactions.

CARE sends its MD on leave, cites anonymous complaint

In his absence, the company has appointed T.N. Arun Kumar, now executive director (Ratings), as an interim CEO of the company.

Sebi has no mandate to raise revenue for govt: Staff

Sebi generates revenue from the fee levied on market participants for services rendered to them.

Question of trust: Government seeks info on FPI origins from Sebi

Most of the FPIs using trust structure are from the US and Luxembourg.

Will gilt funds’ ongoing rally continue? unlikely, say analysts

Fund managers believe the RBI has to cut interest rates sharply by another 50 bps.

FM sticks to proposals, no relief to FPIs in trust form

Sitharaman says fears of capital flight due to higher tax surcharge baseless.

Govt may have bigger say in Sebi finances

Legal experts said the move is unlikely to have any significant impact on Sebi’s finances.

Sebi to probe if IndiGo CEO downplayed promoters' tiff

Spat between co-founders and promoters escalated after alleged violation of corporate governance rules.

IndiGo CEO downplayed promoters’ tiff? SEBI to probe

Market regulator SEBI is probing whether InterGlobe Aviation Ltd Chief Executive Officer Ronojoy Dutta downplayed the tussle between the promoters of the country's largest carrier IndiGo, ET Now reported on Thursday, citing sources. The spat between co-founders and promoters Rakesh Gangwal and Rahul Bhatia escalated after Gangwal on Tuesday alleged violations of corporate governance rules at the parent group and asked the Securities and Exchange Board of India (SEBI) to intervene. Responding to the allegations, SEBI had sought a reply from InterGlobe by July 19.IndiGo CEO downplayed promoters’ tiff? SEBI to probe

Analyst Calls: HDFC AMC, MCX, DCB Bank, Bajaj Consumer Care, Federal Bank

JM Financial has maintained buy rating on HDFC Asset Management Company with a revised target price of Rs 2,200.

Sebi imposes Rs 42 lakh fine on 5 entities for non-genuine trades

Five entities "indulged in execution of reversal of trades in stock options segment of BSE.

After a dry spell, it’s going to rain IPOs in next 1 month

Half a dozen cos are likely to hit market next month, bringing to an end the dry spell in IPOs.

Wipro Q1 profit rises 13% YoY to Rs 2,388 crore, meets Street estimates

Sequentially, the profit was down 3.86 per cent over the March quarter's Rs 2,483.50 crore.

InterGlobe Aviation shares fall nearly 5%

With promoter spat intensifying, Sebi & corporate affairs ministry dig deep into allegations.

‘Investors can give Union Focused Equity a miss’

Focused funds typically have concentrated portfolios of 25-30 stocks.

Sebi seeks details from IndiGo on promoter complaints

Gangwal listed out certain serious concerns regarding governance matters at IndiGo.

Sebi fines individual Rs 10 lakh for non-compliance with its directive

The Securities and Exchange Board of India (Sebi) levied a penalty of Rs 10 lakh on Purshottam Khandelwal.

Government wants Sebi to probe deeper into IndiGo spat, expand investigation to all board members

The govt has asked Sebi to probe role of all board members and every entity linked to promoters' groups.

Sebi levies Rs 45 lakh fine on Korp Securities for violating market norms

Korp has violated provisions of Prohibition of Fraudulent and Unfair Trade Practices Regulations.

Are Banking and PSU funds a good alternative for savings bank account?

Banking and PSU debt funds are open-ended debt schemes predominantly investing in debt instruments of banks, public sector undertakings and public financial Institutions.

What Sebi’s new rules for debt mutual funds mean for investors

The market regulator had proposed certain changes in debt mutual funds to reduce the risk inherent in them.

Wipro adds 3 $100m-plus clients: Key highlights from Q1 earnings

Wipro expects revenue from its IT services to be in the range of $2,039-2,080 million in Q2.

IndiGo: We need to gauge Gangwal’s motivation for going to Sebi now, says Sameer Narayan

Today the question to ask is why right now? What is it that he is looking for?

Mutual Funds against banks’ move to pay off DHFL retail investors and PFs in full

MFs have refused to back the inter-creditor agreement to save DHFL alleging it's unfair to them.

As IndiGo faces turbulence, regulators intensify scrutiny of governance lapses

InterGlobe Aviation has come under intense regulatory scanner and there are indications of multiple violations of Sebi norms.

IndiGo promoters’ fight turns ugly; Gangwal seeks Sebi’s intervention

The feud between IndiGo’s promoters took a serious turn Tuesday with Rakesh Gangwal seeking an intervention from the capital markets regulator to resolve his “alleged grievances”. India’s biggest airline by market share said in an exchange filing that Gangwal had informed the company board about his communication to SEBI. The company didn’t specify the contents of the letter. The airline’s CEO Ronojoy Dutta separately declined to comment.IndiGo promoters’ fight turns ugly; Gangwal seeks Sebi’s intervention

IndiGo promoters’ feud takes serious turn; Gangwal seeks Sebi’s intervention

Gangwal in a letter to Sebi has alleged “collapsing corporate governance standards” at IndiGo.

CBI in pick and choose game in summoning me: Ex-top cop Rajeev Kumar to Calcutta HC

The court adjourned hearing in the matter till Thursday, when it will be taken up for hearing again.

NCLT hearing on Leela-Brookfield deal: Need another 3 months to finish the probe, says Sebi

ITC is seeking a waiver on equity-ownership threshold to be eligible to file a case against the embattled provider of luxury leisure accommodation.

Stocks in the news: YES Bank, Wipro, Mindtree, Suzlon, DHFL and Cox & Kings

Group of Ministers led by Home Minister discussed the revival of loss-making MTNL.

India's hedge funds threatened by higher taxes

Domestic hedge funds have taken seven years to reach $6 billion in investment commitments.

Is it time to say goodbye to debt mutual funds?

Debt mutual funds indeed earned bad names for themselves in the last one year. The recent fiascos have caught the attention of Sebi as well.

Sterling and Wilson Solar gets Sebi nod for Rs 4,500 crore IPO

The IPO will be an OFS by the Chairman Khurshed Yazdi Daruvala and Shapoorji Pallonji and Company.

Stocks in the news: DHFL, MCX, Federal Bank, Jet Airways, YES Bank, SBI and Tata Metaliks

Auditors of crisis-hit DHFL have sought more information from the company's management.

Auditor resignations likely to trigger probes by RBI, Sebi

In its charge sheet filed in a Mumbai court in the IL&FS Financial Services (IFIN) case, the SFIO said that timely intervention by RBI could have detected the crisis earlier.

Expect Sebi to decide how Sensex, Nifty can be better representatives of market: Ashishkumar Chauhan, BSE

Due to interoperability, expect upside in commodities, equity derivatives & equities, says BSE MD & CEO.

DIPAM mulls OFS of NBCC, Hudco, Coal India, NLC to meet sell-off target

In all these CPSEs there is a scope for further government stakes to be lowered.

Sebi's new rules have made liquid mutual funds safer. Here's how

Sebi has proposed changes that will ensure liquid funds stick to their mandate of utmost safety and liquidity.

Market Movers: What changed for D-Street while you were sleeping

Check out what all might matter on Dalal Street all through the day.

SAT rejects Sebi’s ‘no jurisdiction’ plea, asks it to pass order

The trades were put on hold by the Supreme Court last week.

Here’s how to strengthen ecosystem for quality Fin reporting and audits

Robust regulatory mechanism is required to monitor financial reporting and governance compliance.

InterGlobe Aviation issue may land up in NCLT

Legal experts believe that the fierce battle at IndiGo may not end up at Sebi alone.

Investors add 41 lakh demat accounts in a year

This is the highest number of demat accounts added in a year since 2011.

Ready to discuss reduction in commodity transaction tax: Anurag Thakur

Thakur said it was high time that India becomes a price setter than price taker.

Plan to list 10 CPSEs in current fiscal: DIPAM Secy

The companies which are lined up for IPO include THDCIL, RailTel, TCIL, Water & Power Consultancy Services and FCI Aravali Gypsum.

Citibank moves SAT, questions Sebi and exchanges’ power to annul trades

The matter has also brought forth some grey areas in the current regulations on trade annulment.

Dispute could be heading for an NCLT landing

Sebi may only be able to review whether preferential rights are against the interest of minority shareholders.

Will dilution of promoter stake to 65% be good for the market? 4 experts weigh in

The new proposal, if implemented in a calibrated manner, is good news for investors and lenders.

It will soon be raining PSU stocks. What should equity investors do?

The Budget proposals have increased the chances of an over supply of PSU stocks in the market.

FM Nirmala Sitharaman pushes Sebi to raise public stake limit to 35%; analysts cagey

At present, there are over 1,400 listed companies where promoters had over 65 per cent stake.

Sebi tightens regulations for troubled debt mutual funds

Sebi also expressed its disapproval of the so-called standstill agreement that mutual funds have reached with the indebted Essel Group.

SAT imposes Rs 50,000 penalty on Sebi for lapses in probe

Legal experts said SAT has been proactive in providing relief to aggrieved parties of late.

Government working on solution for FPIs facing higher surcharge

Government is considering some relief for FPIs from the super-rich surcharge levied in the budget.

Planned Sebi cap on royalty to benefit responsible, big companies: Harish Bijoor

That could be a good move though it does not benefit anyone too much, says the brand expert.

Sebi to tighten disclosure norms for pledged shares

Plans to increase disclosures and widen the definition of encumbrance.

Will short term market rates rise after Sebi limits?

Risk aversion has increased in India in the light of frequent credit rating downgrades.

Second phase of UPI mechanism for retail investors from July 1: Sebi

UPI is an instant payment system developed by the National Payments Corporation of India.

Sebi imposes Rs 15 lakh fine on Castex, Metalyst for disclosure lapses

Metalyst Forgings Ltd was the promoter of Castex Technologies Ltd at the the time of violation.

FPI body opposes more inspection powers for Sebi

Currently, FPIs submit only information of their beneficial owners (BO) to Sebi.

Nalanda to exit Mindtree after Sebi questions role

L&T launched an open offer for 31 per cent of Mindtree. It aims to take its holding to 66 per cent.

Sebi exempts 2 family trusts linked to Rajratan Global Wires from open offer

Sunil Chordia Family Trust and Sangita Chordia Family Trust had sought exemption from the obligation of making an open offer.

IndiGo promoter conflict has taken a very ugly and messy turn: HP Ranina

It is a fight on issues of management, corporate governance, independence of directors and of course issues like related party transactions.

KPR Mill first company to withdraw share buyback after Budget imposed 20% tax

KPR Mill on April 30, 2019 had announced plans to buy back 37,50,784 shares for Rs 263.31 cr.

Decoding investments in ‘new’ liquid mutual funds

Liquid funds can invest in debt and money market securities with maturity of upto 91 days only.

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