No compulsion to invest in mid/small caps; be ‘true to label’: SEBI
NEW DELHI: As the market regulator’s recent change in norms regarding constitution of multi-cap funds continues to cause some discomfort among mutual funds, SEBI Chairman Ajay Tyagi on Tuesday said that the regulator is not forcing anyone to invest in mid or small cap companies, as it has only asked fund houses to keep their […]
Sebi shortlists Bharti Airtel, Wipro, others to revamp IT infra network, communication systems
NEW DELHI: Markets regulator Sebi has shortlisted eight companies including Bharti Airtel, Wipro and Tata Communications to revamp its IT infrastructure network and communication systems. The other shortlisted companies are — Hewlett Packard Enterprise India, IBM India, NTT India, Orange Business Services India Technology and Sify Technologies. The Securities and Exchange Board of India (Sebi) […]
Brokers body seeks Sebi,Finance Ministry of intervention as Franklin closes 6 Mutual Fund schemes
NEW DELHI:Terming the shut down of six debt schemes by Franklin Templeton Mutual Fund (FTMF) as an extreme step that has created panic, an umbrella body of brokers on Friday sought markets regulator Sebi and the Ministry of Finance’s intervention to protect investor interest. FTMF stunned all by deciding to shutter operations of six schemes […]
Covid-19 lockdown: Capital, debt service providers to stay open, says Sebi
NEW DELHI: Capital markets regulator Sebi said the entities providing capital and debt market services will remain operational during the nationwide lockdown for 21 days, announced by Prime Minister Narendra Modi as part of efforts to curb spread of COVID-19 pandemic. Referring to an order issued by Ministry of Home Affairs, Sebi said “the order… […]
Centre extends Sebi chairman Ajay Tyagi’s term by 6 months: Report
NEW DELHI: The government is believed to have given a six-month extension to incumbent Sebi Chairman Ajay Tyagi, amidst a continuing process of selecting a new chief for the capital market regulatory body. A 1984 batch IAS officer of Himachal Pradesh cadre, Tyagi assumed charge as Sebi chief on March 1, 2017. According to sources, […]
FPIs pulled out Rs 38,930 cr in FY19 due to weak market sentiments: Sebi
NEW DELHI: As macroeconomic headwinds weighed on investor sentiments through the year, foreign portfolio investors pulled out Rs 38,930 crore in 2018-19, according to market regulator Sebi’s annual report. “In order to further develop the Indian securities market as an avenue for fundraising, eligibility norms for FPIs (Foreign Portfolio Investors) were relaxed and data privacy […]
Sebi mulls tighter norms to ensure full disclosure on loan defaults with rating agencies
NEW DELHI: Amid concerns over banks citing ‘client confidentiality’ to resist sharing of information on delayed loan repayments and possible defaults by their borrowers, capital market regulator Securities and Exchange Board of India (SEBI) is planning to tighten its norms to make it mandatory for companies to provide these details to credit rating agencies. Amid […]
Sebi fines GKS Properties Rs 5 lakh for fraudulent trade
NEW DELHI: Markets regulator Sebi levied a fine of Rs 5 lakh on GKS Properties for executing non-genuine trades in the illiquid stock options segment at BSE. The ruling follows an investigation conducted by Sebi in the stock options segment of the bourse between April 2014 and September 2015. During investigation, Sebi noted that 81.38 […]
SEBI, MCA probing PWC’s resignation as auditor of Reliance Home Finance
NEW DELHI: Regulator SEBI and the Ministry of Corporate Affairs are looking into the sudden resignation of PWC as auditor of Reliance Capital and Reliance Home Finance and have asked the stock exchanges to collect all necessary information including trade details and statements made by the three entities. The development assumes significance in the wake […]
Sebi bars Hotel Leelaventure from selling properties to Brookfield Asset Management
NEW DELHI: Cash-strapped Hotel Leelaventure on Wednesday said capital markets regulator Securities and Exchange Board of India (SEBI) has barred it from selling its four hotels and other assets to Canadian investment fund Brookfield Asset Management. On March 18, Hotel Leelaventure Ltd (HLVL) had announced sale of its four hotels located in Bengaluru, Chennai, Delhi […]
Sebi orders release of Alchemist Infra’s demat account in Rs 1,900 crore illegal scheme case
NEW DELHI: Sebi has ordered release of demat account of Alchemist Infra Realty, the firm allegedly involved in raising over Rs 1,900 crore through unregistered collective investment scheme (CIS). The release order is passed in compliance with the directions passed by Calcutta High Court in December 2018 wherein it had directed to defreeze the demat […]
Sebi to auction 17 properties of MPS Group
NEW DELHI: Market regulator Sebi said it has lined up as many as 17 properties of the West Bengal-based MPS Group of companies for an online auction next month at a total reserve price of about Rs 65 crore. This sale is in addition to over 30 properties of the group auctioned in June 2017 […]
Didn’t receive any reference on relaxing rules in Jet Airways matter: Sebi
NEW DELHI: Markets watchdog Sebi on Thursday said it has not received any reference on relaxation in rules regarding Jet Airways. The regulator’s statement comes amid reports that relaxations have been sought by Gulf carrier Etihad for infusing additional funds into crisis-hit Jet Airways, which is listed on the exchanges. In its brief statement issued […]
Bombay High Court restrains SEBI from auctioning Pancard Clubs’ properties
MUMBAI: The Bombay High Court in an interim order on Wednesday restrained the Securities and Exchange Board of India (SEBI) from auctioning off private properties of the Pancard Clubs, a company. A bench of justices B P Dharmadhikari and Revati Mohite-Dere also directed the SEBI to file its reply to a petition filed by the […]
Sebi mulls policy to identify ‘difficult to recover’ cases
NEW DELHI: Faced with difficulties in recovery of penalties and other dues from some defaulters, capital markets regulator Securities and Exchange Board of India (SEBI) is planning to create a separate category of ‘difficult to recover’ cases for optimal utilisation of its resources. However, Sebi can initiate or continue its prosecution proceedings against the defaulters […]
NHAI files papers with Sebi to raise Rs 10,000 crore via bonds
NEW DELHI: The National Highways Authority of India (NHAI) has filed draft papers with markets regulator Sebi to raise up to Rs 10,000 crore through bonds to finance its various projects. NHAI has filed papers for “public issue of taxable, secured redeemable non convertible bonds in the nature of debentures upto Rs 10,000 crore”. The […]