The steps are intended to raise the entry barrier for retail investors, whose losses have been mounting, as per a recent study by the watchdog
The new asset class will fill the void between mutual funds and PMS, providing investors with a viable option for investments between Rs. 10 lakh and Rs. 50 lakh.
Here is the best of Business Standard's opinion pieces for today
Capital markets regulator Sebi has sent demand notices to industrialist Venugopal Dhoot and two other entities, asking them to pay nearly Rs 1.03 crore for insider trading activities in the shares of Videocon Industries. The regulator has warned Venugopal Dhoot of arrest and attachment of his bank accounts and assets as well as other entities if they fail to make the payment within 15 days. Apart from Dhoot, the other two entities who have been sent notices are Electroparts (India) Pvt Ltd and Videocon Realty and Infrastructures. The demand notices came after these entities, including Dhoot, failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi) in September 2021. In the event of non-payment of dues, the market watchdog will recover the amount by attaching and selling the moveable and immovable properties of these entities, the regulator said in three separate notices. Besides, they face attachment of their bank accounts and detention. In Sept
Aditya Birla Sun Life ends trading day 4.4% higher
The regulator has been under pressure with accusations of a toxic work culture and allegations of conflict of interest against the chairperson
Angel One has revised upwards its charges, while Zerodha has maintained the status quo on rates for now
Sebi said that existing regulatory measures have been reviewed to ensure investor protection and the orderly development and strengthening of the equity derivatives market
The market regulator had proposed seven key measures to curb retail participation in index futures and options (F&O) to limit losses
Rahee Infratech Ltd, an integrated railway civil engineering, manufacturing and construction firm, has filed preliminary papers with markets regulator Sebi for raising funds through an Initial Public Offering (IPO), comprising Rs 420 crore through fresh issuance of shares. Apart from fresh issues, the offer will have an Offer For Sale (OFS) component of 27.8 lakh equity shares by its promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Monday. The Kolkata-based company may also consider raising Rs 84 crore in a pre-IPO placement round. If such placement is carried out, the fresh issue size will be reduced. Proceeds from the fresh issue to the extent of Rs 50 crore will be utilised for the purchase of machinery, equipment and vehicles; Rs 280 crore for funding the working capital requirements of the company and the rest for general corporate purposes. Rahee Infratech is focused on providing manufacturing and construction services including the design, supply, ..
Varindera Constructions has filed draft papers with capital markets regulator Sebi to mobilise Rs 1,200 crore through an initial share sale. The proposed IPO (Initial Public Offering) is a mix of fresh issue of equity shares valued at Rs 900 crore and an Offer For Sale (OFS) of shares worth Rs 300 crore by promoters, draft papers filed on Monday showed. Varinder Kumar Garg and Sushma Garg will offload shares worth Rs 201 crore and 99 crore, respectively under the OFS. Proceeds from the fresh issue will be utilised for the purchase of equipment, to support the working capital requirements of the company, payment of debt and for general corporate purposes. Varindera Constructions is an integrated Engineering, Procurement and Construction (EPC) company with experience in the construction of building projects, including residential units, and office complexes, as well as undertaking infrastructure projects such as metro depot and aircraft hangar. In the last 10 fiscal years (ended Mar
The public issue of Vikran Engineering comprises a fresh issue of shares up to Rs 900 crore and an offer for sale (OFS) with promoter Rakesh Ashok Markhedkar offloading shares of up to Rs 100 crore
Capital markets regulator Sebi is expected to take measures regarding the Futures and Options (F&O) segment very soon, in a bid to enhance investor protection, its senior official said on Tuesday. In addition, Sebi has urged the government to introduce tax breaks for subscribers of municipal bonds, which are crucial for funding infrastructure development. The regulator will make a case for a tax break for municipal bonds during a meeting with the finance commission, the regulator's whole time member Ashwani Bhatia said here. Since 1997, municipalities have raised Rs 2,700 crore through bonds for infrastructure projects. Talking about F&O, Bhatia said," Sebi is very soon going to do something about F&O. Study has come (recently)". The regulator, in its consultation paper recently, proposed seven measures to tighten the rules for index derivatives-- revise the minimum contract size and require upfront collection of option premiums intra-day monitoring of position limits, ...
From Tuesday onwards i.e effective October 1, 2024, the Indian financial markets will undergo several reforms that investors must know
The new asset class, dubbed "Investment Strategies," is aimed at high-risk investors and seeks to bridge the gap between mutual funds (MFs) and portfolio management services (PMS)
At 7:20 AM, GIFT Nifty futures were trading approximately 8 points higher at 25,998 against Nifty futures close, suggesting a muted opening.
Doesn't discuss charges against Buch, takes up staff protest
Plan to add more stocks shelved citing 20% midcap, smallcap investment legroom with largecap funds, say sources
The market regulator has directed Shah and six others to impound the illegal gains amounting to over Rs 84 crore and barred Seacoast from raising any money from the public
Markets regulator Sebi on Monday imposed a penalty of Rs 12 lakh on NSE Data And Analytics Ltd for its failure to segregate IT infrastructures and manpower between itself and its parent firm National Stock Exchange (NSE). It has been directed to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in its order. In its order, Sebi noted irregularities with respect to the backup of records and details of the Business Continuity Plan/Disaster Recovery policy, delay in sending acknowledgement letters to investors, irregularities with respect to system audit reports and cyber security audit framework and failure to validate KYC records. Additionally, Sebi said, "There was no segregation of any IT infrastructures (server, network, data centres and IT security), along with the IT manpower, responsible for handling server management, network, data centres and IT security between the noticee (NSE Data And Analytics) and its parent organisation (NSE)". NSE Data