Page 5 - Capital Markets

Sebi bars entities, individuals for unauthorised advisory services

Capital markets regulator Sebi has barred two individuals and two entities from the securities markets for providing investment advisory services without the regulator's authorisation. The regulator has restrained Mahankal Capital, its proprietor Ajay Thakur, Money Capital Investment and its proprietor Vijay Thakur from securities markets for six months. The direction came after complaints against 15 entities, who were allegedly involved in the activities of rendering investment advisory for the period April-November 2019 without obtaining requisite registration from the market watchdog. Sebi conducted an examination in the matter and issued an ad interim ex-parte order dated February 07, 2020, against the entities and directed them to cease and desist from holding out/acting as an investment advisor and further prohibited them from the securities markets until further orders. The regulator found that both the entities and their proprietors were engaged in providing investment ...

Citigroup sets India as high priority market amid rising China risks

The nation saw a record $82 billion in merger and acquisition deals in the second quarter, defying a slump elsewhere

Canara Bank, PNB likely to issue Rs 3,000-crore AT1 bonds this week

AT1 issuances are likely to cross Rs 20,000 crore mark as banks rush to tap capital markets

Sebi proposes regulatory framework for online bond platforms

Capital markets regulator Sebi on Thursday proposed a regulatory framework for the online bond platforms that are selling listed debt securities. Under the proposal, bond platforms should register as stock brokers (debt segment) with the Securities and Exchange Board of India (Sebi) or be run by Sebi-registered brokers, according to a consultation paper. This will also enhance the confidence among investors, particularly non-institutional investors, as the platforms would be provided by Sebi-regulated intermediaries. Additionally, the stock-broker regulations will be applicable to these entities, which would govern their code of conduct and other aspects related to their operations and risk management. "The debt securities offered for buy/ sale by the online bond platforms shall be only listed debt securities," Sebi proposed. It has been proposed that listed debt securities issued on a private placement basis, offered for sale on bond platforms should be locked in for a period of

Govt will tap capital markets to fund road projects: Nitin Gadkari

The minister further said despite fears of global recession, there is no problem in funding infrastructure sector projects.

IndiaFirst Life Insurance selects bankers for IPO expected later this year

IndiaFirst will be the fourth private sector life insurer to get listed on the bourses

Sebi asks bourses, depositories to launch online complaint redressal system

To enable investors to lodge their complaints and track the status of redressal of such grievances, capital markets regulator Sebi on Monday asked exchanges to launch a complaints redressal forum

Why LRS route for investing in capital markets abroad is mainly for HNIs

Those with small amounts should skip it owing to high costs and elaborate tax-related compliances

UPL pays Rs 19.5 lakh to settle auditor appointment case with Sebi

The company settled the proceedings initiated against it after paying Rs 19.5 lakh towards settlement charges

Investment bankers see 58% decline in earnings, shows data

Most companies had to hit pause on their fund-raising plans amid a sharp fall in the stocks, more so for those in the broader market.

American lender Citi to hire 80 commercial bankers in India in 3 years

The move is part of a plan to hire 350 bankers in Citi Commercial Bank Asia Pacific over the next three years, as per a statement

IFSCA invites comments on draft framework on sustainable financial lending

IFSCA has been established as a unified regulator to develop and regulate financial products, financial services and financial institutions in the International Financial Services Centres in India

Sebi bans ARSS Infrastructure, 6 persons from markets; levies fine

Sebi has barred ARSS Infrastructure Projects and six persons from the capital markets for up to one year and levied a fine totalling Rs 47.5 lakh on them for misrepresenting the company's financials

Bank brokerages to continue reporting strong performance: Report

The domestic capital markets continue to remain on an upward trajectory after a strong performance in FY2021

Sebi forms 4-member high powered advisory committee on settlement orders

Capital markets regulator Sebi has constituted a four-member high powered advisory committee on settlement orders and compounding of offences. The committee will be chaired by Vijay C Daga, retired judge of High Court of Bombay, according to an update with the Securities and Exchange Board of India (Sebi) on Tuesday. The other members of the panel are - former law secretary in Ministry of Law & Justice, PK Malhotra; ex-Chairman of Deloitte Haskins & Sells LLP PR Ramesh and DN Raval, Partner at Raval & Raval Associates. The panel will work as per the Settlement Proceedings Regulations, 2018 specified by the regulator. Under the settlement mechanism, an alleged wrongdoer can settle a pending case with the regulator without admission or denial of guilt by paying a settlement fee. The settlement mechanism is a tool for ensuring speedy and efficient resolution of disputes. In September, Sebi had proposed to overhaul the rule governing consent settlements to make the system more

Liquidity moving away from China to high-growth nations: Sumit Jalan

Jalan says investor sentiment, hit by a spate of poor listings in August, shall improve as we see successful listing going ahead

Sebi bars 15 entities from capital market for insider trading in Zee

Regulator's alert system detected a suspicious trading pattern in the scrip around the announcement of financial results for Q1FY20 declared post trading hours on August 18, 2020

Sri Lanka repays $1 billion bond, ending default threat: Report

The money was transfered Monday, Ajith Nivard Cabraal, the state minister for money and capital markets, said by phone

Sebi looks to broaden IPO reach, plans to rope in payment banks

Considers allowing payments banks, SFBs to handle application process; decision likely in Tuesday's meeting

P-notes investment climbs to 33-month high at Rs 91,658 crore in Feb

Investments through participatory notes in the capital market rose to Rs 91,658 crore at February-end, making it the highest level in 33 months, suggesting growing confidence of overseas investors