
SEBI pushes for faster info
The Securities and Exchange Board of India (SEBI) has proposed to bring down the time given to companies to disclose price sensitive information under the insider trading regulations from nine days to two days.
This is to ensure there is no delay in disseminating price sensitive information to the market and to other shareholders, a move that would enhance corporate acciountability and add to investor interest.
In a consultative paper released on Monday, the market regulator said: "The time gap between the date of transaction and the date of dissemination of information by the stock exchange may be reduced from nine days to two working days by making necessary amendments to the relevant provisions of Insider Trading Regulations."
As per the listing agreement of the stock exchanges and SEBI Insider Trading Regulations, 1992 companies are required to disseminate price sensitive information to the market through stock exchanges and media on a continuous and prompt manner.
The directors, officers of the company, deemed insiders have to disclose their purchase and sale of shares in the company on crossing certain threshold limit prescribed in the regulation to the company.
They are required to disclose change in voting rights, shareholding within four working days and the company in turn is required to disclose this to the Stock Exchanges, on which the company is listed, within five days.

Virus fears return to haunt markets

HCL Tech Dec qtr profit jumps 27% to Rs.3,982 crore

India’s trade deficit at 25-month high in Dec

How to check income tax refund status online. Read here
- Income tax refund (ITR) status can be checked on the National Securities Depository Limited (NSDL) website as well as on the income tax department’s e-filing site.

US industrial production jumps 1.6 per cent in December

Signal sees global outage, company says 'working hard to restore service'

Messaging app Signal experiencing technical difficulties

Bengaluru emerges as world’s fastest growing tech hub, London second: Report

SC asks Govt's, 61 firms' reply on PIL alleging duty evasion in iron ore exports

PVR reports net loss of ₹49 crore in Q3

DGCA issues guidelines on carrying cargo in passenger compartment of aircraft

Stuck in Kent: How Brexit red tape strangled cross-border trade

UK prepares for another recessions as lockdowns cripple economy
- Because of the November fall, the economy is set to contract again in the fourth quarter.

Banks in Europe yet to fully feel pandemic’s impact, warns ECB
