Tag: Securities and Exchange Board of India

Infosys Settles Insider Trading Charges With Markets Regulator, To Pay…

June 27, 2024 admin

Bengaluru: India’s No.2 IT services exporter Infosys’ CEO Salil Parekh has settled charges of violating provisions of insider trading, the country’s markets regulator said on Thursday. Mr Parekh agreed to pay 2.5 million rupees (around $30,000) for failing to have adequate controls to prevent insider trading, the Securities and Exchange Board of India said. Source…

Nation

Should the recent stock market volatility be probed? | Explained

June 15, 2024 admin

Congress Rahul Gandhi shows a stock market movement chart during a press conference in New Delhi on June 6, 2024. | Photo Credit: AP The story so far: The Indian stock market witnessed extreme volatility right after the release of the exit poll results earlier this month and on June 4 when the results of…

Business

Sebi makes process of securities payout directly to client’s account mandatory

June 5, 2024 admin

The Securities and Exchange Board of India. File | Photo Credit: Reuters To enhance operational efficiency and reduce the risk to clients’ securities, markets regulator SEBI on May 5 decided to make the process of direct payout of such securities to the client’s account mandatory. This will become effective from October 14, the Securities and…

Business

SEBI’s latest framework to administer investment advisers, research analysts | Explained

May 16, 2024 admin

The story so far: Capital markets regulatorSecurities and Exchange Board of India (SEBI) on May 2 introduced a framework for better administration and supervision of Research Analysts (RAs) and Investment Advisers (IAs). The framework envisages that stock exchanges will form dedicated bodies to administer these two essential functions. This is to help SEBI have a…

Business

SEBI rejects NSE’s proposal to extend trading hours

May 7, 2024 admin

Securities and Exchange Board of India (SEBI) (File Photo) | Photo Credit: Reuters Capital markets regulator SEBI has rejected a proposal by the National Stock Exchange (NSE) to extend the trading hours in the equity derivatives segment citing a lack of feedback from the stock brokers community. “Currently, there is no plan to extend the…

Business

FirstCry set to withdraw $500 million IPO papers after regulatory scrutiny

April 26, 2024 admin

FirstCry parent BrainBees filed papers with SEBI last December for an IPO that would have been one of the country’s biggest this year. | Photo Credit: Special Arrangement Retailer FirstCry is set to withdraw its papers for an up to $500 million Initial Public Offering (IPO) as early as next week, after markets regulator raised…

Business

Indian regulator finds Adani offshore investors in disclosure rules violation: Report

April 23, 2024 admin

A logo of the Adani Group | Photo Credit: Reuters India’s markets regulator found a dozen offshore funds invested in Adani Group companies were in violation of disclosure rules and in breach of investment limits, two people with direct knowledge of the matter said on April 22. They declined to be named as they not…

Business

Vedanta ordered to pay Cairn UK 9.4 million for delayed dividends

March 13, 2024 admin

FILE PHOTO: A bird flies by the Vedanta office building in Mumbai August 16, 2010. REUTERS/Danish Siddiqui/File Photo | Photo Credit: Reuters March 12 Indian mining group Vedanta must pay $9.4 million) to Cairn UK Holdings for a delay in paying dividends, the Securities and Exchange Board of India (SEBI) said on March 12. The…

Business

SEBI flags froth in small, mid-cap stocks

March 11, 2024 admin

A file photo of SEBI chairperson Madhabi Puri Buch. | Photo Credit: PTI There may be pockets of irrational exuberance in the Indian equity markets, markets regulator Securities and Exchange Board of India (SEBI) said on March 11, referring to concerns over stretched valuations of small- and mid-cap stocks and large inflows into mutual funds…

Business

Paytm shares jumped 5% in the morning trade on February 26, 2024

February 26, 2024 admin

Paytm, on February 9, announced setting up of a group advisory committee to advise the company on strengthening compliance and on regulatory matters. | Photo Credit: The Hindu Shares of Paytm owner One97 Communications jumped 5% in the morning trade on February 26 after Reserve Bank of India (RBI) asked retail payment settlement body NPCI…

Business