May 22, 2019, 08.27 PM IST
Stock Analysis, IPO, Mutual Funds, Bonds & More

Sebi plans to tweak share buyback rules

The issue was discussed in the Sebi-appointed Primary Market Advisory Committe (PMAC).

Sebi proposes to reduce time for rights issue process

Currently, rights issue process takes 55-58 days from the time company decides to launch the issue till listing.

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

Let us check out the factors that may bring in all action in Wednesday’s market.

Sebi paves way for mutual fund participation in commodity derivatives market

MFs won’t be allowed to take positions in sensitive commodities like agri products.

Stocks in the news: DHFL, Cipla, IndusInd Bank, TechM, DLF, Maruti and IDFC First Bank

HSBC has maintained buy rating on PI Industries with a target price of Rs 1,250.

Sebi allows mutual funds in exchange traded commodity derivatives

The mutual fund schemes cannot invest in physical goods except in ‘gold’ through ETFs.

Regulatory forebearance: For the greater good

In the Essel and IL&FS cases, mutual funds have sought leniency to ensure the net asset values of their units don’t plunge.

NSE challenges Sebi orders in co-location case before SAT

Sebi has been probing alleged lapses in high-frequency trading offered through NSE's co-location facility.

After RBI, Sebi & IRDAI launch initiatives to boost startups

IRDAI said that with the regulatory sandbox approach, fintechs “will have a safe and conducive space to experiment and where the consequences of failure can be contained.”

Sebi proposes innovation sandbox for fintech companies

Sebi feels that fintech firms should have access to market related data.

Sebi issues proposals for startups on IGP to migrate to main platform

The regulator proposed that the companies listed on IGP, wanting to list on the mainboard, should complete at least one year of listing on the former platform.

Sebi slaps Rs 1 crore fine on En Aromatic & Petro Chemicals

En Aromatic & Petro Chemicals had raised nearly Rs 61.5 crore through the RCPs offer.

Sebi, stock exchanges beef up surveillance before poll results

The poll results are likely to have a bearing on trading and increased monitoring helps to keep in check possible manipulations and excessive volatility in the markets.

Sensex rises over 200 pts to hit record high in early trade

The benchmark BSE Sensex jumped over 200 points to hit a record intra-day high of 39,565.82 as investors' euphoria over exit poll outcome.

NSE to appeal against Sebi order in co-location case

Exchange says it has strong grounds to contest the orders, including monetary liability.

NSE to appeal against Sebi’s co-location orders

On April 30, Sebi had barred NSE from accessing the securities market for a period of six months.

Many companies face a tricky situation on exec bonuses as new norms kick in

New rules make shareholder approval mandatory for all bonuses paid to top executives.

Sebi fines IFCI Financial Services for not complying with power of attorney norms

IFCI Financial Services is a depository participant of National Securities Depositories Ltd and Central Depositories Securities Ltd.

Sebi refuses to lift market ban on Allied Financial, 7 entities for various violations

The watchdog revoked the directions against three former directors -- Rajeev Kumar Asopa, Lalit Agarwal and Rajendra Prasad Basia -- of the company in the same case.

KEI Industries pays Rs 1.78 crore to settle 2 cases with Sebi

The regulator had initiated two adjudication proceedings against the firm for alleged violation of PFUTP (Prohibition of Fraudulent and Unfair trade Practices) norms as well as provisions of Securities Contracts (Regulation) Act.

40 stocks hit 52-week highs on BSE; 87 others hit 1-yr lows

Of the 2,286 scrips traded, 1,718 advanced, 440 declined and 129 remained unchanged.

Sebi sends notice to HDFC, Kotak MFs, questions pact with Essel

This would be the first time Sebi has questioned the pact between fund houses and Essel.

HDFC AMC receives two show cause notices from SEBI on FMPs

Last month, HDFC Mutual Fund had informed investors it plans to extend the tenure for one of its FMPs coming up for maturity by another year, due to its exposure to Essel group companies.

Sebi asks FHL to recover Rs 403 cr from Singh brothers, company tells HC

Daiichi moved the high court seeking execution of the Rs 3,500 crore a Singapore tribunal's arbitral award won by it in April 2016.

4 mistakes that can hurt your retirement planning

Mistakes in dealing with other related areas can in fact derail otherwise careful retirement planning.

Stocks in the news: TechM, Adani Green, DLF, Tata Motors, HPCL and Jet Airways

Edelweiss has downgraded Bajaj Finserv to reduce and revised target price to Rs 6,481 .

Stocks in the news: Tata Motors, Reliance Capital, Cipla, Fortis Healthcare and Bharti Airtel

UBS has maintained buy rating on Bank of Baroda and lowered target price to Rs 145.

Sebi allows FPI investment in municipal bonds

The limits for FPI investment in SDLs is 2 per cent of outstanding stock of securities.

ICRA top brass under SEBI scanner for AAA rating to IL&FS

Rating agency ICRA’s top brass is under Sebi scanner for alleged interference to ensure good rating for IL&FS, the agency said in a disclosure. Sebi is looking at whistle blower allegations that ICRA top management meddled to ensure AAA rating to IL&FS. The market regulator has forwarded the whistle blower complaint to the rating agency. “The board of ICRA has given KPMG mandate to look into allegations,” sources said.ICRA top brass under SEBI scanner for AAA rating to IL&FS

Did rating companies factor in debt MF risks? Sebi wants to know

Sebi wants to know the amount of cover considered while assigning ratings to NCDs.

Ravi Narain moves SAT to challenge Sebi’s Co-location order

Narain and Ramkrishna held the post of managing director and chief executive officer (MD & CEO) of NSE in succession.

Sebi allows Magadh Stock Exchange to exit bourse business

MSE has no outstanding dues to Sebi pertaining to 10 per cent of the listing fee and the annual regulatory fee, the regulator said.

IL&FS Securities moves SAT against Sebi order on Allied Financial

In February, Sebi had barred Allied Financial and others for misappropriating client securities and a host of other violations.

Sebi to cap royalty payments to 2%

In what will impact big listed companies like Maruti Suzuki, Colgate, GSK, HUL and Nestle, Market regulator Sebi is in favour of capping royalty payments at 2 per cent, as against Kotak Committees recommendation of 5 per cent. Sources tell ET Now that market regulator will bring up the issue with Finance Ministry post elections. Sebi to cap royalty payments to 2%

Ravi Narain gets interim relief from SAT

The appeals will now be heard on July 22 after Sebi files its reply.

Appellate body stays Sebi ban on 3 NSE employees

SEBI had barred the 3 NSE employees from holding any position with any stock exchange.

NSE slaps fines on over 250 companies for non-compliance with listing regulations

As many as 31 companies in the list are liable to pay a fine of Rs 4,50,000.

Soon, non-banking companies may verify via eKYC

Access to Aadhaar database will be a boon for mobile wallets and digital lenders.

Mutual funds to submit details about artificial intelligence-based systems on quarterly basis: Sebi

AMFI would consolidate the information and submit the same within 30 calendar days from the end of a quarter to Sebi.

Sebi panel may recommend FPI investment in unlisted cos

The move will align with Sebi’s aim to allow greater participation of FPIs in the Indian capital market.

Sebi bats for 2% cap on royalty payments

Market regulator may be open to a higher than 2 per cent royalty in case of technology transfer.

Sebi may be asked to relax 75% promoter stake norm for PSBs

The government shareholding in many state-run banks is currently above 75 per cent.

SAT grants interim stay on Sebi's order against Infotech Financial, NSE official, others

Sebi's order barring the entities from the market shall remain stayed till further orders, the tribunal said, and listed the matter for further hearing on July 22.

L&T buys 8.86 lakh Mindtree shares, increases holding to 26.48%

The company on Thursday picked up 886,438 equity shares from the open market.

DVR: An instrument whose time hasn’t come

Differential voting rights are essentially certain shareholders having different number of votes.

Sebi to soon act decisively on the crisis in debt fund mart

Sources told ETNow that Sebi could soon unveil fresh directives to reign in mutual funds acting like banks.

Sebi rejected NSE’s consent plea just hours before order

Sebi in its order said NSE had violated its rules governing stock exchanges.

Why do investors ignore balanced hybrid mutual funds?

Schemes that are mandated to invest 40-60 per cent in debt or equity is still not popular among mutual fund investors.

Future course of action after studying Sebi order: NSE chief

Limaye also asserted that the order will have no bearing on its businesses.

Sebi orders do not affect functioning as an exchange, says NSE

The markets regulator on Tuesday directed the bourse to disgorge profits worth over Rs 687 crore.

Kotak Mahindra AMC admits better communication needed over credit risks

The comments come against the backdrop of the fund house seeking more time for payouts with respect to Fixed Maturity Plans.

Co-location scam jigsaw and how Sebi cracked the code

The stock exchange allowed OPG and others to back-up servers and gave them first access.

Co-location case: 3 NSE officials move SAT for stay order on Sebi ban

Exchange officials seek relief, Securities Appellate Tribunal to hear the case on Monday

NSE co-location case: Sebi partially relaxes order against OPG Securities, 3 directors

Noticees are OPG Securities and its three directors Sanjay Gupta, Sangeeta Gupta and Om Prakash Gupta.

Tata Chemicals & Tata Global Beverages to merge consumer businesses

Tata Global Beverages to be renamed Tata Consumer Products, the group announced.

Regulators have to be accountable to Parliament: Former SEBI Chair UK Sinha

The Parliament and its committees should examine the regulators more often, says UK Sinha.

Sebi puts Leela-Brookfield deal on hold

India’s largest life insurer holds 2.38 per cent in Leela.

Proxy advisory company reject JSW Steel scheme

About 75% of the interest burden is borne by the company and the remaining by the employee, who can acquire a maximum of 0.517% of the issued share capital of the company through this scheme.

ICRA top brass being probed for influencing AAA rating for IL&FS

“The board of ICRA has given KPMG mandate to look into allegations,” sources said.

Nabventures launches maiden fund to back agri, food and rural start-ups

As per the release, NABARD has contributed to 16 other alternative investment funds with an overall capital commitment of Rs 273 crore so far.

ICRA hires agency to probe charges of officials’ meddling in ratings

An anonymous complaint was forwarded by market regulator to the ICRA management.

Leelaventure gets shareholders' nod to sell hotels; to abide by Sebi directive

The hotels for which shareholders have given approval are in Delhi, Bengaluru, Chennai and Udaipur.

Sebi fixes minimum net worth for clearing corporations at IFSC

Clearing corporations will also regularly review their net worth requirement and ensure that the same does not fall below the prescribed threshold.

Sebi fines 2 promoters of Aadi Industries Rs 30 lakh for disclosure lapses

Rushabh Jitendra Shah and Minesh Devendra Shah were promoter directors of the firm at the time of violation.

Sebi levies Rs 36 lakh fine on 7 entities for fraudulent trade practices

Sebi observed that the firms were among the entities that had indulged in executing non-genuine trades.

Sebi imposes Rs 79 lakh fine on MD, 6 directors of Ranklin Solutions

A total fine of Rs 49 lakh was imposed on MJVVD Prakash while the six directors were fined Rs 5 lakh each.

L&T’s open offer for Mindtree unlikely to open on May 14

L&T has missed a deadline to issue its letter of offer to Mindtree shareholders.

Sebi fines NSE Rs 1,100 crore, bans two ex-MDs in brokers’ scam

For its role in the scam, Sebi also banned NSE from the stock market for six months.

Sebi unlikely to hold back NSE IPO after 6-month ban is over: Vikram Limaye

No implications on the functioning of the NSE as a result of the SEBI order, says Limaye.

IL&FS arm moves SAT to annul trades by Allied Financial Services

Sebi is looking into the complaints filed by Dalmia Cement (Bharat) and OCL India against the brokerage firm.

L&T acquires 1,168 shares of Mindtree

The mode of the acquisition was open market purchases.

Leela-Brookfield deal under Sebi lens for RPT violations

The complaint said JM Financial ARC was playing two conflicting roles of a shareholder as well as a lender.

Sebi bars NSE from accessing securities market for 6 months in co-location case

NSE has also been banned from introducing a new derivative product for the next six months.

Ajay Shah, NSE official, others get interim relief in co-location case

The matter will be heard next on July 22. Sebi has to file its reply within six weeks.

Stocks in the news: Hindalco, TGBL, IndiGo, Bajaj Finance and Tata Chemicals

Credit Suisse has initiated coverage on PI Industries with an outperform rating.

Sharekhan settles 2 cases with Sebi, pays Rs 3 crore

Sharekhan was allegedly indulged in front-running activity through its proprietary trading account thereby making personal gains.

ICRA looking into IL&FS rating issue, hires external experts for assistance

The crisis-ridden infrastructure conglomerate, once a pioneer of public-private partnership, came under the scanner of multiple regulators besides SEBI post defaults in debt obligations.

Why are many investors betting on multi cap schemes?

Should you also join the party?

Sebi reduces minimum subscription requirement for REITs, InvITs

REITs have to offer their units in lots worth at least Rs 50,000 in initial and follow on public offers.

FPIs bring back age-old PCC model to ringfence liability under new regulation

In a PCC the liability or losses of one cell does not spill over to other cells.

NSE widens probe to find out if more brokers gained preferential access

Eight brokers connected 10-20 per cent of their IPs to the secondary server.

Independent directors should be conscious, careful & prudent; not silent: Former SEBI Chief UK Sinha

In an exclusive interview with ETCFO, UK Sinha, former chairman at market regulator Securities and Exchange Board of India (SEBI) throws light on these questions.

Vodafone Idea Q4 loss narrows to Rs 4,882 crore QoQ, income flat at Rs 11,932 crore

Expenses declined to Rs 17,599.60 crore from Rs 18,226.10 crore on a sequential basis.

P S Reddy takes charge as MD, CEO of MCX

Reddy has taken over from Mrugank Paranjape, who decided not to continue for the second term as the MD and CEO.

Sanjiv Puri's role after elevation will be to continue YC Deveshwar's legacy

Puri, 56, becomes the fifth Indian chairman of the cigarette-FMCG-hotel giant, after Ajit Narain Haskar, J N Sapru, K L Chugh and Deveshwar.

Shriram Properties gets Sebi nod for IPO

The IPO comprises fresh issue aggregating up to Rs 250 crore besides an offer for sale of up to 42,403,271 shares.

A bad incentive system is a bane to savers and investors

The incentive problem is one of severe misalignment of the interests of the customer and the salespeople.

PC Jeweller gets board's nod for export division demerger

The export division's turnover stood at Rs 2,690.37 crore as on March 31, 2018, which is 28.35 per cent of PCJL's turnover.

Errant mutual fund managers have a good reason to fear

Suspicious transactions between stock brokers and mutual fund officials are nothing new.

Sebi slaps Rs 1 crore fine on 11 entities for manipulative trade

The regulator had conducted investigation from August 2013 to June 2014 regarding the trading in the scrips of Technologies.

Sebi bars Siyaram Development, 8 directors from market

Sebi also directed the entities to refund the money collected by the company along with 15 per cent interest.

Lobby seeks longer reign for startup founders after IPO

IndiaTech proposes extending sunset period in differential voting rights to 20 yrs

IndiaTech proposes extending sunset clause in differential voting rights

The advocacy group has also recommended exempting tech founders from complying with the minimum promoters’ contribution requirement, set at 20% of post-issue capital.

As TER gets into the act, mutual fund expense ratios begin to fall

Last year, Sebi amended the TER slab structure which reduced mutual funds’ fund management costs.

L&T won’t hike Mindtree offer

Decides to stick to original plan, complete L&T Infotech’s merger with Mindtree by 2023.

Sebi floats consultation paper on SROs

At its board meet on March 27, Sebi had approved floating of such a consultation paper.

Himachal Futuristic Communications ex-director settles GDR manipulation probe with Sebi

Maloo was the director of HPCL during the time of alleged violation, and the regulator had initiated adjudication proceedings against him in June 2018.

Fixed Maturity Plans or FMPs saw net outflows of Rs 17,644 crore in April, SIP flows grow

Credit risk funds also saw net outflows worth Rs 1,253 crore in April.

Sebi asks mutual funds to set up committee to review cyber security

Sebi came out with revised guidelines for system audit to be conducted by mutual funds and asset management companies (AMCs).

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