Stock Analysis, IPO, Mutual Funds, Bonds & More

Sebi asks brokers, MFs, others to ensure compliance with prevention of unlawful activities law

Market intermediaries have been asked to comply with anti-money laundering guidelines and obligation for combating terrorism financing.

Indiabulls Housing and Icra in legal tussle over rating

Unlike the RBI-directed moratorium on payment of all bank ‘loans’, there is no uniform rating relief from the Securities and Exchange Board of India (Sebi) on ‘bonds’ floated by companies.

Sebi tweaks framework for stock brokers' risk management capabilities

The criteria for entering the risk-reduction mode for brokers with regard to operationalisation of the interoperability among clearing corporations has been revised.

P-notes investment rises to Rs 68,862 crore till Feb-end

The investment comes at a time when broader market witnessed significant downtrend amid fears of recession due to the coronavirus outbreak.

Sebi may relax rules on 6-month gap between two QIP issues

The regulator said it has received requests from companies seeking a waiver on this requirement of a six-month cooling off period between two successive QIP issues.

PACL case: Sebi bans Sonu Nigam from selling, transferring agricultural land in Karjat area

Nigam has a farmhouse in Karjat, which is 62 kilometres away from Mumbai.

Sebi unveils norms to prevent misuse of client securities

The regulator clarified that an off-market transfer of securities leads to change in ownership and not be treated as pledge.

Two dozen apply for SEBI chairman post

A couple of serving and retired bureaucrats have also applied for the position, sources said.

Sebi approves regulatory sandbox for live testing of new products

A limited registration will be granted for such testing, says Sebi.

Individual investment advisors cannot provide distribution services, says Sebi

Sebi said it will introduce an upper limit on the fees charged to clients by investment advisers.

RBI says GDP growth estimates at risk: Key takeaways from money policy

MPC will continue with the accommodative stance as long as it is necessary, says RBI.

Brokers, take heart! Sebi shelves new upfront margin plan

Intra-day trading contributes at least 50 per cent of most brokers’ daily transaction volume.

Sebi should allow bundling of MF with loans, other financial products: Industry body

The suggestions are expected to increase mutual funds penetration (currently at 2%) in the country.

Sebi exempts Motilal Oswal Family Trust from open offer requirement

Oswal proposes to gift all the equity shares held by him in PIMPL to Motilal Oswal Family Trust.

Market mayhem: Sensex posts worst ever one-day fall in history, nosedives 3,935 points; Nifty ends at 7,610

The carnage wiped off Rs 14.22 lakh crore of the m-cap of the companies listed on the BSE.

FPIs seeking compliance relaxation from custodians

Local custodians have received requests seeking compliance relaxations for FPI accounts as investors overseas are working from home.

Sebi may reclassify mid cap, small cap mutual funds to offer more flexibility

Mutual fund managers claim the categorization had taken away their flexibility to invest, resulting in money flowing into a set of stocks. This has impacted performance of mutual fund schemes, say a few fund managers.

Sebi disposes of insider trading case against SpiceJet's former independent director

It had been alleged that he traded in SpiceJet while in possession of unpublished price information

Saving Yes Bank: SBI aiming to bring in global investors

The state-owned bank is also said to be in talks with Tilden Park, JC Flowers and Cerberus Capital, some of which the previous management had been negotiating with.

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.

Proposed LIC IPO to benefit insurance industry: Fitch

Fitch said it expects that the initial public offering (IPO), once executed, may also encourage some of the other private sector insurance companies to list some of their shares in the stock market over the medium term.

Sebi puts in place stewardship code for mutual funds, AIFs

Market regulator proposes five principles that MFs have to follow

Board members, Execs questioned as IHH-Fortis deal comes under SFIO scanner

The SFIO has widened its probe into alleged financial irregularities at Fortis to also cover the July 2018 deal.

Satyam case: SC restores Sebi's power to restrain erring auditing firms

The Supreme Court on Monday stayed a direction in the order of Securities Appellate Tribunal (SAT), which stopped market watchdog Sebi, from barring the auditors from auditing listed companies. In January 2018, the Securities and Exchange Board of India slapped a two-year ban on Pricewaterhouse (PwC), an arm of PricewaterhouseCoopers India, from auditing any listed company for its role in the Rs 7,800 crore Satyam scam. The SAT, however, quashed the two-year ban.Satyam case: SC restores Sebi's power to restrain erring auditing firms

SC stays SAT's order holding that Sebi lacks power to bar auditors

The SAT, in its order which set aside the ban on audit firm Price Waterhouse (PwC), had noted that SEBI does not have the power to bar auditors. Earlier, the SEBI had challenged SAT's decision to quash a two-year ban that was imposed on PwC in connection with the Rs 7,800 crore Satyam fraud.

Gender games: Too many men, too little change

Sebi (Securities and Exchange Board of India) made it compulsory for companies to have at least one independent woman director on the board of listed companies. Till April 6, 2019, 51 of the top 500 NSE-listed companies had not appointed a woman independent director, numbers from Prime Database showed.

Deviations in loan approvals done on account of ‘vintage relationship’ with clients: RBI report

The agency said this in its chargesheet against Religare Enterprises’ former promoters Malvinder and Shivinder Mohan Singh, its former chairman Sunil Godhwani and two others, in a funds-misappropriation case filed by Religare Finvest.

Karvy fallout: Brokers to face stricter scrutiny of accounts

The Securities and Exchange Board of India has asked exchanges to detect Karvy-like cases beforehand.

Subrata Roy’s plea rejected in bond sale case

The Special Court in Mumbai is expected to soon frame charges against the accused- Sahara chairman Subrata Roy and his accomplices under the Securities and Exchange Board of India (Sebi) Act, considered to be the first stage for the commencement of trial.

Sebi tightens norms for resignation of statutory auditors

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

Sebi finalises graded exit load structures for liquid funds

The Securities and Exchange Board of India (Sebi) finalised the graded exit load structure on liquid funds on Tuesday.

Be prepared for lower returns from your debt mutual funds

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.

SIDBI launches outreach programme for strengthening MSME ecosystem in Haryana

This is the nine outreach programme under the initiative. Eight programmes have already been organised in the states of Uttar Pradesh, Bihar, Uttarakhand, Gujarat, Maharashtra, Rajasthan, Telangana, and Kerala.

Sebi cancels Inter Corporate Financiers and Consultants' registration

Sebi said that Rishabh Shares and Securities was a registered sub-broker of MG Capital Services.

Sebi provides operational exemptions to FPIs

Sebi has not provided any relaxation when it comes to new fund registrations.

Sebi curbs lead to thin trading in Nifty futures

Palviya expects the market to trade in an 8,200-9,200 range for the short term.

Coronavirus: Sebi eases compliance norms for shareholding disclosures

In a separate circular, the regulator said it has eased operational procedure for takeover.

Sebi allows top 100 companies to delay AGMs

The regulator has been giving relaxation to listed companies and other market intermediaries as part of efforts to ease their compliance burden.

Family feud at Gati may hinder share sale to Allcargo Logistics

On December 5, Allcargo bought 10.38 million, or 8.51%, shares in Gati for Rs 77.8 crore.

Sebi asks 10 entities to make open offer to Mindvision Capital's shareholders

The entities have been asked to make the open offer within 45 days from April 15.

Sebi monitoring volatility spike

Fear gauge India VIX hit a 9-month intraday high of 26.49 on March 3.

Sebi urged to declare capital markets as ‘essential services’

Sebi and exchanges have permitted trading via terminals from various locations.

Govt extends appointment of Madhabi Puri Buch as a WTM of SEBI

With this notification, the sole female member of the board will stay on till October 4.

View: Disclosing loan default should not look like another righteous move at a wrong time

Asking companies to disclose loan defaults is a step towards greater transparency in financial markets

CreditAccess Grameen to acquire Madura Microfinance

The transaction is subject to the approval of Reserve Bank of India, the Securities and Exchange Board of India and other regulators.

Top mutual funds risk regulator wrath on Essel debt deadline pact

Shares of Zee Entertainment Enterprises Ltd. have steadied since hitting a 5-yr low Monday.

Sebi asks SEs to draw up framework on fines

The regulator said the framework should impose higher fines on repeat offenders.

Sebi mulls short selling, trading curbs: Report

The finance ministry last week asked the market regulator to take action to curb the stock market’s fall, the newspaper said, citing sources.

Sebi fines YES Bank's two promoter entities Rs 1 crore

The promoter entities that have been penalised are Yes Capital (India) and Morgan Credits.

Coronavirus outbreak: Sebi relaxes guidelines for default recognition by rating agencies

The markets regulator said it felt a need for temporary relaxations in compliance by CRAs in view of the developments arising due to Covid-19 pandemic

Sebi extends second phase of UPI implementation for retail investors

In November 2019, the timeline for implementation of Phase II of UPI with Application Supported by Blocked Amount (ABSA) was extended till March 31, 2020.

Five custodian banks alert Sebi on FPI licence renewal

A fund whose registration is not renewed is disallowed from taking fresh positions.

Sebi plans higher net worth, fee cap for PMS

Sebi has proposed standardising methods for computation of returns by portfolio managers.

Trade body demands Sebi action to curb speculation in castor seed futures

The NCDEX castor seed futures has been hitting upper circuit since last two days on very thin volumes.

Fraudulent trading: Sebi slaps fine of Rs 18 crore on 35 entities

The Securities and Exchange Board of India (Sebi) had conducted investigation into trading of OTIL's shares from January 2009 to September 2009.

Lockdown: Anmi urges Sebi to allow systematic closure of stock markets

The move comes after members of Anmi, which represents over 900 brokers, raised concerns about their safety.

Sebi writes to states to exempt staff of capital market entities from lockdown

Entities like stock exchanges, clearing corporations, mutual funds will be exempt.

CPAI urges Sebi to close exchanges till March 31

Anmi has also requested Sebi to close stock exchanges for at least two days, which will give brokerage firms time to close their entire outstanding positions.

Coronavirus outbreak: Sebi eases compliance requirements for brokers, mutual funds

This is the latest in a series of measures taken by the watchdog in the wake of the coronavirus pandemic, which has also resulted in large scale sell-off in the domestic market.

Coronavirus outbreak: Sebi further relaxes compliance norms for listed firms

The decision has been taken in the wake of the coronavirus pandemic.

ANMI requests Sebi to classify stock brokers as essential services

Sebi and exchanges have permitted trading via terminals from various locations.

No shorter working hours for markets, it'll be business as usual: Sebi

NSE and BSE said all segments at the exchange will operate as usual on Monday.

Sebi launches app for lodging investor grievances

SCORES mobile app will make it easier for investors to lodge their grievances with SEBI

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.

Sebi plans platform for real-time surveillance

This development assumes significance as it will allow Sebi to intervene even in the mid-market hours.

Sebi assessing impact of coronavirus on markets: Mohanty

FSDC, an apex body of regulators formed by the government, is yet to get involved in the discussions.

Dalal Street week ahead: Sebi curbs likely to trigger adverse reactions

Sebi’s measures to curb shorts will bring in very volatile and adverse reaction in the market.

Sebi steps in to curb volatility, restricts wild F&O bets

Sebi has capped the bearish bets one can take without owning the underlying shares.

Sebi move to bring back genuine investors: Sunil Subramaniam

The Sundaram Mutual Fund CEO says the absence of regular investors has been furthering the market fall.

Sebi fines 7 entities for fraudulent trade in Sanwaria Agro stocks

Theses trades were carried out to create false appearance of trading in the scrip of Sanwaria Agro.

Sebi reschedules recruitment process for 147 positions amid coronavirus outbreak

On March 7, the regulator had invited applications for these positions as part of its plan to beef up its headcount for faster and more effective execution of its job.

Gulshan Rai not to join MCX board

In June, the company had informed that market regulator Securities and Exchange Board of India has approved appointment of Gulshan Rai on the Board of MCX.

Will Sebi and exchanges let stock brokers work from home?

Leading institutions will take up the matter with the finance ministry and Sebi.

J&K Bank tanks 5% as Sebi okays open offer exemption

The government has proposed to infuse Rs 500 crore in the lender via a preferential share allottment.

HPCL finally recognises ONGC as its promoter

ONGC had purchased the government’s entire 51.11% in HPCL for Rs 37,000 crore in early 2018.

SBI Funds Management adopts stewardship code as mandated by Sebi

In doing this, SBI Mutual Fund has become the first fund house to implement the stewardship code in India.

Sebi proposes to relax six-month gap between two successive QIPs

The regulator said it has received requests from companies seeking a waiver on this requirement of a six-month cooling off period between two successive QIP issues.

How to lodge complaints, grievances using SEBI's Scores mobile app

Once the complaint is registered on Scores, an intimation is given to the entity against whom the complaint is made. A response needs to be filed by the entity within the stipulated time period.

Sebi opens doors for Mauritius based funds to get preferential Cat I FPI license

The development assumes significance as several Mauritius based investors have been facing uncertainty ever since the country was put on a ‘grey list’ by FATF in February.

Sebi fines Muthoottu Mini Financiers for misleading advertisements

The company had placed advertisements on its website for public issue of NCDs.

Rossari Biotech gets Sebi nod for IPO

The IPO comprises a fresh issue of Rs 150 crore and OFS of up to 1,05,00,000 equity shares.

Sebi bans transfer of clients’ securities to broker accounts

In November, Sebi had barred Karvy Stock Broking from taking new brokerage clients.

Sebi tweaks margin system in derivatives to boost liquidity

The framework will come into effect from May 1, the Securities and Exchange Board of India said.

Sebi may soon launch one commodity, one exchange idea

The concept is in line with the global practice where particular commodities are offered on a single exchange

Sebi prescribes norms for rating agencies to improve rating standards

The regulator also introduced disclosure of rating sensitivities in the press releases.

Sebi move will not stop crooked people from doing insider trading: Sandeep Parekh

Allow firms to decide what should be the lockout window, says managing partner at Finsec.

Sebi allows non-bank custodians to manage gold, related instruments

The regulator has amended Securities and Exchange Board of India (Mutual Funds) Regulations, 1996.

Sebi new norms will make debt mutual funds more liquid, diversified, safer

The market regulator announced a host of changes in liquid funds and other debt mutual funds.

Sebi welcomes Budget announcement on DDT

"It is a movement in the right direction," says Sebi chief Ajay Tyagi.

Yes Bank bondholders reach out to RBI, Sebi on write-down

Move will hurt financial markets and is against the principles of natural justice, say investors

Default by some NBFCs on secured debentures pushes Sebi to introduce reforms

Sebi) has proposed a detailed review of the regulatory framework for Corporate Bonds and Debenture Trustees.

Lockdown effect: ANMI urges Sebi to cut trading hours to 10 am-2 pm

At present, the market opens at 9.15 am and closes at 3.30 pm.

Sebi reviews mechanism regarding guarantees extended by listed firms

Sebi, in a consultation paper, said the listed entity shall extend a guarantee or security to any person or entity, including promoter, promoter group, director, directors' relative and key management person, considering the "economic interest" of the company.

NSE may get Sebi relief on 37% stake sale in CAMS

NSE currently owns a little over 37 per cent stake in CAMS through one of its subsidiaries, NSE Investments Limited (NSEIL).

Sebi proposes new mechanism to make e-voting convenient for shareholders

Sebi said that depositories shall establish a helpline to resolve technical difficulties faced by shareholders relating to the facility.

Sebi bans upfront fees for portfolio managers

The regulator said brokerage should be charged at actual to clients as expense.

Allcargo shares gain on Sebi nod to buy stake in Gati

If the open offer is successful, it will take Allcargo’s stake in Gati to 46.83 per cent.

Sebi’s revised limits may send many stocks into F&O ban

India’s main stock indices are down nearly 30 per cent from their lifetime high levels.

Allcargo Logistics gets Sebi nod for open offer for Gati

On full acceptance of the open offer it will take Allcargo’s stake in Gati to 46.83%.

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