The Congress on Saturday intensified its offensive against SEBI chief Madhabi Puri Buch, asking what was keeping her from appearing before a parliamentary panel. Shortly after Congress leader Rahul Gandhi, in an Instagram video, flagged "risks to billions of retail investors in the stock market", the party posed three questions on Buch, who skipped a recent appearance before the Public Accounts Committee by citing a last-minute emergency. "Why is Madhabi Buch reluctant to answer questions before the Public Accounts Committee (PAC) of Parliament? Who is behind the plan to protect her from being answerable to the PAC? Is there a well-thought-out conspiracy to risk the hard-earned investments of crores of small-medium investors and benefit Modi ji's dear friend Adani?" the Congress' media department chairman Pawan Khera asked in a statement. Gandhi earlier posted a video on Instagram in which he is heard speaking to Khera on the phone and urging him to devise innovative ways of ...
At 7:20 AM, GIFT Nifty futures were trading approximately 8 points higher at 25,998 against Nifty futures close, suggesting a muted opening.
Board expected to informally address conflict of interest claims and employee grievances
Sebi board meeting today, Sept 30, will be the first meeting since allegations were pressed against Sebi Chairperson Madhabi Puri Buch by Hindenburg Research. Here's what to expect from the meeting
Regulator to also bring a combo-product of rights issue and preferential allotment
Spillover of trading activity from these contracts into remaining products, analysts believe, can limit the impact to 20-25%
Standard Glass Lining Technology Ltd, which manufactures specialised engineering equipment for pharmaceutical and chemical sectors, has filed preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The Telangana-based company's IPO is a combination of fresh issuance of shares worth Rs 250 crore and an Offer For Sale (OFS) of up to 1.84 crore equity shares by promoters and other selling shareholders, according to the Draft Red Herring Prospectus (DRHP). Those selling shares in the OFS include -- S2 Engineering Services, Standard Holdings, Kandula Ramakrishna, Kandula Krishna Veni, Nageswara Rao Kandula, Katragadda Venkata Ramani and Venkata Siva Prasad Katragadda. The company may consider raising up to Rs 50 crore in the pre-IPO placement. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh to the extent of Rs 130 crore will be used for payment of a debt, Rs 30 crore for investment in a
Market regulator Sebi tweaked the selection criteria for stocks to join and exit the derivatives (F&O) segment on Thursday, June 27
Markets regulator Sebi on Thursday significantly reduced the time taken by stock exchanges for granting approval to stock brokers for internet-based trading to seven days from the current 30 days. The move is aimed at facilitating ease of doing business. Under the rule, the broker is required to apply to the respective stock exchange for a formal permission to provide internet-based trading service. Further, the stock exchange, which was required to communicate its decision to the member within 30 calendar days, will now have to do so within 7 days, the Securities and Exchange Board of India (Sebi) said in its circular. The internet trading can take place through order routing systems, which will route client orders to exchange trading systems for execution. Thus a client sitting in any part of the country can trade using the internet as a medium through brokers' internet trading systems. Additionally, the regulator has abolished the existing requirement of periodic confirmation
Sebi board on Tuesday decided to amend norms governing mutual funds, whereby asset management companies (AMCs) need to put in place an "institutional mechanism" for identification and deterrence of potential market abuse, including front-running and fraudulent transactions in securities. The mechanism should consist of enhanced surveillance systems, internal control procedures, and escalation processes to identify, monitor and address specific types of misconduct, including front running, insider trading, and misuse of sensitive information, Sebi said in a statement issued after the conclusion of the board meeting. With a view to address the issues faced by venture capital funds (VCFs) registered under the erstwhile VCF norms with respect to their inability to fully liquidate the investments of their schemes within the tenure of the scheme, the Sebi's board has approved a proposal to provide an option to such VCFs to migrate into AIF (Alternative Investment Fund) rules and avail the
The regulator has also approved certain flexibility for FPIs, IPOs, and AIFs
The regulator proposes considering funds and insurance companies holding 5% in firms post-public offer as large non-public shareholders, as per the paper
Rao will be handling the investigation department and the internal inspection department
Defers decision on easing delisting, NRI investment norms; introduces framework on fractional real estate ownership
Sebi chairperson Madhabi Puri Buch on Thursday said the markets regulator's board will be discussing potential changes on delisting at its next meeting. Addressing an event organised by industry body Ficci, Buch said the Sebi management will also table changes on insider trading norms before the board either in December or January. "There was a popular belief that we will never review the delisting regulations and we will always stay with the reverse book building process. We have a consultation paper that was floated, we have got a lot of feedback and at the next board meeting we are taking that proposal to our board," Buch said. Similarly, she said it was widely believed that Sebi is "very dogmatic about insider trading" but the regulator has initiated a relook into the same by initiating consultation. All these are part of efforts to "eschew dogma", Buch said, adding that Sebi is focusing on data and backtesting the data to drive regulations. She said the regulator is fine delay
Sebi chairperson says industry will be pleased with the fresh proposal
Market participants say there is a visible change in the momentum of reforms. Some even say they are finding it difficult to keep pace with the changes
Sebi's decisions will improve transparency
Adani-Hindenburg saga may be discussed
Nine out of 10 individual traders in the equity F&O segment incurred net losses during both the years FY 2018-19 and FY 2021-22, according to a study by market regulator SEBI.