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The Bombay Stock Exchange (BSE) building in Mumbai.(Bloomberg)

Millennials look for relief in stocks

Mint, Mumbai | By Nasrin Sultana
UPDATED ON AUG 17, 2020 05:30 AM IST
Many of these new investors were lured into trading by the sharp plunge in stock values after the lockdown was announced in end-March, hoping to make a quick buck as share prices rebound.
The promoter group on October 6, 2010 sold 10.72 million shares of KBL worth Rs 275 crore in the company to Kirloskar Industries.(REUTERS)
The promoter group on October 6, 2010 sold 10.72 million shares of KBL worth Rs 275 crore in the company to Kirloskar Industries.(REUTERS)

Sebi pulls up Kirloskar’s promoters for fraud

Hindustan Times, Mumbai | By Jayshree P Upadhyay
UPDATED ON AUG 12, 2020 02:59 PM IST
In a showcause notice to the six promoters of KBL and two others, Sebi alleged that the promoter group was aware of the precarious financial condition of KBL when these shares were sold, committing a fraud on minority shareholders of Kirloskar Industries.
Tyagi, an Indian Administrative Service (IAS) officer, will now head the regulator till at least February 28, 2022. This is his second extension; the first one was granted in February for six months.(PTI file photo)
Tyagi, an Indian Administrative Service (IAS) officer, will now head the regulator till at least February 28, 2022. This is his second extension; the first one was granted in February for six months.(PTI file photo)

Ajay Tyagi gets extension as SEBI chief

Livemint, Mumbai | By Jayshree P Upadhyay
PUBLISHED ON AUG 06, 2020 07:52 AM IST
“The decision was mostly to ensure that there are no disruptions at regulators at a time when the Indian economy and corporates are going through Covid-19 related uncertainties,” a finance ministry official said on the condition of anonymity.
Sebi said the proposed museum should become a unique resource for knowledge of Indian securities market(Reuters File Photo)
Sebi said the proposed museum should become a unique resource for knowledge of Indian securities market(Reuters File Photo)

Sebi to set up virtual museum of securities market

New Delhi | By Press Trust of India | Posted by Kanishka Sarkar
UPDATED ON AUG 02, 2020 02:45 PM IST
The virtual museum of securities market will engage the audience with creative content through various means like video, audio, chat bot, voice assistants, virtual reality, analytics, interactive and animated elements.
Earlier, a trader could utilize his shares as margins by giving a power of attorney (PoA) to his broker.(Reuters)
Earlier, a trader could utilize his shares as margins by giving a power of attorney (PoA) to his broker.(Reuters)

SEBI relaxes margin trading regulations

Livemint | By Jayshree P Upadhyay, Mumbai
UPDATED ON JUL 30, 2020 05:49 AM IST
Brokers had made five representations to the market regulator and the finance ministry, highlighting practical difficulties in implementing the new norms announced in February.
As per Sebi, the entities had filed incorrect information with the company and BSE on multiple instances.(Reuters File Photo)
As per Sebi, the entities had filed incorrect information with the company and BSE on multiple instances.(Reuters File Photo)

Sebi slaps penalties totalling Rs 50 lakh on eight entities

Press Trust of India | By Press Trust of India
PUBLISHED ON JUL 22, 2020 04:08 PM IST
The eight entities penalised by Sebi were required to make disclosures about their shareholding data to the company as well as stock exchange but failed to do so.
A worker wearing a protective suit takes body temperature measurement of a man inside the Shanghai Stock Exchange building, as the country is hit by the coronavirus outbreak at the Pudong financial district in Shanghai, China on February 28, 2020.(Reuters File Photo)
A worker wearing a protective suit takes body temperature measurement of a man inside the Shanghai Stock Exchange building, as the country is hit by the coronavirus outbreak at the Pudong financial district in Shanghai, China on February 28, 2020.(Reuters File Photo)

More investors seek direct bets in stocks

Mint, Mumbai | By Nasrin Sultana
UPDATED ON JUL 12, 2020 11:42 PM IST
According to the Securities and Exchange Board of India (Sebi), the number of new demat accounts opened in fiscal year 2020, was the most in at least a decade at 4.9 million, a 22.5% jump from the 4 million accounts opened in the previous year.
A salesman displays gold bars inside a jewellery shop in Hyderabad.(REUTERS)
A salesman displays gold bars inside a jewellery shop in Hyderabad.(REUTERS)

MCX launches Gold Mini Options from today. Here is all you need to know

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Meenakshi Ray
UPDATED ON JUL 10, 2020 12:48 PM IST
The regulatory board has given the approval to MCX to launch Gold Mini Options with Gold Mini (100 grams) bar as underlying.
Rating agencies want to withdraw ratings of firms whose issuances are not backed by enough data.
Rating agencies want to withdraw ratings of firms whose issuances are not backed by enough data.

Sebi asks agencies to rate all firms

Hindustan Times, Mumbai | By Jayshree P Upadhyay
UPDATED ON JUL 10, 2020 07:02 AM IST
At present ratings can be withdrawn only if a bank issues a no objection certificate or if the instrument/ loan has been assigned a ‘D’ or default rating.
In a notice, the regulator has invited Expression of Interest (EoI) from solution providers for “upgrade and revamp of IT network, IP telephony and video conferencing set-up of Sebi”.(Reuters file photo)
In a notice, the regulator has invited Expression of Interest (EoI) from solution providers for “upgrade and revamp of IT network, IP telephony and video conferencing set-up of Sebi”.(Reuters file photo)

Sebi plans to rope in agency to revamp IT network, communication systems

New Delhi | By Press Trust of India
UPDATED ON JUL 09, 2020 06:58 PM IST
Besides, the Securities and Exchange Board of India (Sebi) is planning to have a centralised control over its network and IP (internet protocol) telephony infrastructure. 
Embassy Office Parks REIT is currently the only such listed trust in India. On Tuesday, the company’s REIT was trading at Rs 341 per unit on BSE. (Reuters)
Embassy Office Parks REIT is currently the only such listed trust in India. On Tuesday, the company’s REIT was trading at Rs 341 per unit on BSE. (Reuters)

Retail investors may open up REITs

Hindustan Times, Mumbai | By Anirudh Laskar & Jayshree P Upadhyay
PUBLISHED ON JUL 08, 2020 05:47 AM IST
The move is aimed at improving liquidity for investors in REITs, two people with direct knowledge of Securities and Exchange Board of India’s (Sebi’s) plans said on condition of anonymity.
Under Section 15-I (3) of SEBI Act, the watchdog had issued fresh notices after the board of it felt that ₹25 lakh of penalty imposed on December 26 on three rating agencies were inadeqaute.(Reuters file photo)
Under Section 15-I (3) of SEBI Act, the watchdog had issued fresh notices after the board of it felt that ₹25 lakh of penalty imposed on December 26 on three rating agencies were inadeqaute.(Reuters file photo)

SAT permits SEBI to levy higher penalties on ICRA Ltd

Livemint, Mumbai | By Jayshree P Upadhyay
PUBLISHED ON JUL 07, 2020 07:27 AM IST
The Tribunal was hearing a petition filed by ICRA Ltd against a second showcause notice issued by SEBI on 28 January where the regulator sought to increase the monetary penalty against the credit rating agency.
The new framework is aimed at helping stressed companies raise capital through timely financial intervention at the same time protecting the interest of shareholders.(REUTERS)
The new framework is aimed at helping stressed companies raise capital through timely financial intervention at the same time protecting the interest of shareholders.(REUTERS)

Sebi relaxes rules for listed companies with stressed assets

New Delhi | By Press Trust of India
PUBLISHED ON JUN 23, 2020 02:00 PM IST
Consequently, Securities and Exchange Board of India (Sebi) has eased the pricing methodology of preferential issues by such firm.
Mutual funds typically are not aggressive on recoveries.(Getty Images/iStockphoto)
Mutual funds typically are not aggressive on recoveries.(Getty Images/iStockphoto)

For MFs, recovery of risky assets turn bleak

Hindustan Times, Mumbai | By Jayshree P. Upadhyay and Neil Borate
PUBLISHED ON JUN 08, 2020 05:02 AM IST
Side-pockets, or a segregated portfolio, ensures money invested in MF debt schemes, linked to stressed assets, gets locked until the fund recovers the cash from the company.
The matter will be heard on Monday. Investors will be deprived of an expeditious return of their investments, said asset management company (AMC).(Bloomberg News)
The matter will be heard on Monday. Investors will be deprived of an expeditious return of their investments, said asset management company (AMC).(Bloomberg News)

Franklin moves Gujarat HC to vacate stay on e-voting process

Hindustan Times, Mumbai | By Jayshree P Upadhyay and Neil Borate
PUBLISHED ON JUN 06, 2020 04:56 AM IST
This e-voting process was stayed till June 12 by the high court on a petition by Rasna promoters that the winding up decision was taken without the consent of the unitholders.
According to a Securities and Exchange Board of India (Sebi) panel, conventional capital that prioritises financial returns will not be sufficient in a post-covid world.(Reuters file photo)
According to a Securities and Exchange Board of India (Sebi) panel, conventional capital that prioritises financial returns will not be sufficient in a post-covid world.(Reuters file photo)

SEBI proposes wider avenues to raise social capital

Livemint, Mumbai | By Jayshree P Upadhyay
PUBLISHED ON JUN 02, 2020 08:22 AM IST
The idea to create a social stock exchange (SSE) platform that would list non-profit organizations (NPOs) and social welfare organisations as a transparent funding mechanism was first proposed in the 2019-20 budget, the panel had faced hurdles on how will these firms be valued.
The meeting also took note of the activities undertaken by the FSDC Sub-Committee chaired by RBI Governor Shaktikanta Das and the initiatives taken by the various regulators in the financial sector.(Sushil Kumar/HT PHOTO)
The meeting also took note of the activities undertaken by the FSDC Sub-Committee chaired by RBI Governor Shaktikanta Das and the initiatives taken by the various regulators in the financial sector.(Sushil Kumar/HT PHOTO)

Nirmala Sitharaman chairs FSDC meeting, takes stock of economy amid Covid-19

New Delhi | By Press Trust of India
PUBLISHED ON MAY 28, 2020 05:03 PM IST
The 22nd meeting of the FSDC, which was held via video conferencing, assumes a greater significance considering that the economy is expected to contract by 5 per cent by some estimates amid the virus crisis.
Given the sharp fall in the value of stocks, more companies could look at the option of delisting their shares in the coming months.(Mint)
Given the sharp fall in the value of stocks, more companies could look at the option of delisting their shares in the coming months.(Mint)

More firms may opt for delisting

Livemint, Mumbai | By Swaraj Singh Dhanjal and Jayshree P Upadhyay
PUBLISHED ON MAY 27, 2020 11:37 PM IST
Anil Agarwal’s Vedanta Ltd was the first off the block since the coronavirus pandemic hit India’s economy.
A talisman vendor goes around the market tying lemons and chillies at the entrances to shops that opened after relaxations in lockdown, in Jaipur, Rajasthan, India on Tuesday, May 19, 2020.(Photo by Himanshu Vyas/Hindustan Times)
A talisman vendor goes around the market tying lemons and chillies at the entrances to shops that opened after relaxations in lockdown, in Jaipur, Rajasthan, India on Tuesday, May 19, 2020.(Photo by Himanshu Vyas/Hindustan Times)

Disclose financial fallout from coronavirus, Sebi tells firms

livemint, Mumbai | By Jayshree P Upadhyay
UPDATED ON MAY 21, 2020 04:53 AM IST
India’s markets regulator on Wednesday directed companies that have publicly traded securities, including shares and bonds, to disclose broad-ranging details about the financial fallout from the coronavirus pandemic.
Corporate bond funds, banking & PSU funds and credit risk funds can invest an additional 15% of their assets in sovereign bonds or treasury bills, according to a letter from the SEBI.(Aniruddha Chowdhury/Mint)
Corporate bond funds, banking & PSU funds and credit risk funds can invest an additional 15% of their assets in sovereign bonds or treasury bills, according to a letter from the SEBI.(Aniruddha Chowdhury/Mint)

India to allow funds more exposure to government bonds

Mumbai | By Bloomberg | Posted by: Shankhyaneel Sarkar
UPDATED ON MAY 20, 2020 08:15 AM IST
Sebi wants to make the portfolios of these products liquid after mutual funds witnessed large redemptions last month in the wake of Franklin Templeton’s shock decision in April to wind up $4.1 billion of its debt funds in India.
Headquarters of Franklin Resources Inc., parent company of money management unit Franklin Templeton in San Mateo, California.(Bloomberg Phpto)
Headquarters of Franklin Resources Inc., parent company of money management unit Franklin Templeton in San Mateo, California.(Bloomberg Phpto)

Franklin Templeton offers unconditional apology to Sebi

Mint, Mumbai | By Jayshree P Upadhyay
PUBLISHED ON MAY 09, 2020 01:29 AM IST
Upset over Johnson’s comments made in the group’s quarterly earnings call where she said certain regulatory changes also contributed to its decision to shut the debt schemes, Sebi said that Franklin Templeton should focus on refunding investors.
GAIL said it had refuted the provisional assessment orders of DoT and sought its withdrawal.(Pradeep Gaur/ Mint file photo)
GAIL said it had refuted the provisional assessment orders of DoT and sought its withdrawal.(Pradeep Gaur/ Mint file photo)

Didn’t consider DoT’s demand notice as material event, GAIL tells SEBI

New Delhi | By Press Trust of India| Posted by: Harshit Sabarwal
PUBLISHED ON MAY 08, 2020 06:50 PM IST
Replying to a notice by the Securities and Exchange Board of India (Sebi) over non-disclosure of Department of Telecommunications (DoT) assessment orders/demand notices, GAIL on May 6 said the demand was not legally tenable.
Lockdown hurdles are forcing Franklin to seek electronic voting alternatives for winding up its mutual fund schemes.(Mint Photo)
Lockdown hurdles are forcing Franklin to seek electronic voting alternatives for winding up its mutual fund schemes.(Mint Photo)

Franklin seeks external advisers to wind down its credit-risk funds

Mint, Mumbai | By Jayshree P Upadhyay
PUBLISHED ON MAY 05, 2020 12:35 AM IST
The six schemes with total assets under management of Rs 25,856 crore were shut down on April 23 owing to severe illiquidity and redemption pressures caused by the Covid-19 pandemic.
The schemes allegedly did not follow Sebi’s scheme classification mandate.(REUTERS)
The schemes allegedly did not follow Sebi’s scheme classification mandate.(REUTERS)

Sebi investigates Franklin Templeton

Hindustan Times, Mumbai | By HT Correspondent
PUBLISHED ON MAY 04, 2020 02:52 PM IST
The parent’s inquiries revolve around the impact of the decision on their brand, while Sebi’s probe seeks to understand the fund house’s commitment to adequate risk management, portfolio diversification, credit research .
The finance ministry has allowed 29 insurance companies and nine securities entities, including the Bombay Stock Exchange (BSE) and the National Securities Depository Limited to undertake Aadhaar authentication services.(File photo for representation)
The finance ministry has allowed 29 insurance companies and nine securities entities, including the Bombay Stock Exchange (BSE) and the National Securities Depository Limited to undertake Aadhaar authentication services.(File photo for representation)

29 insurance, 9 stock firms allowed to perform Aadhaar authentication services

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON APR 25, 2020 11:59 PM IST
The department has issued two separate notifications to allow these entities to use Aadhaar authentication services with necessary standard security and privacy measures.
Congress leader P Chidambaram pointed out how the UPA government had handled a similar situation during the global financial crisis in 2008 when mutual funds faced liquidity stress.(PTI file photo)
Congress leader P Chidambaram pointed out how the UPA government had handled a similar situation during the global financial crisis in 2008 when mutual funds faced liquidity stress.(PTI file photo)

After Franklin Templeton shuts debt schemes, Chidambaram asks govt to step in

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON APR 25, 2020 04:03 PM IST
Franklin Templeton, one of the first global financial firms to launch asset management operations in India more than two decades ago, said on Thursday it would close the yield-oriented, managed credit funds.
SEBI Grade A Recruitment 2020.(Screengrab)
SEBI Grade A Recruitment 2020.(Screengrab)

SEBI Grade A Recruitment 2020: Last date for application extended, check details

Hindustan Times, New Delhi | By Nandini
UPDATED ON APR 29, 2020 02:27 PM IST
SEBI had invited online applications for 147 vacancies of Officer Grade A (Assistant Manager) for General Stream, Legal Stream, Information Technology Stream, Engineering Stream, Research Stream and Official Language Stream posts on March 7.
Securities and Exchange Board of India
Securities and Exchange Board of India

Sebi trains lens on Chinese FPIs

Livemint, Mumbai | By Jayshree P Upadhyay
UPDATED ON APR 20, 2020 04:32 AM IST
In a letter to custodians, the Securities and Exchange Board of India (Sebi) sought details of portfolio investments from China, Hong Kong and 11 other Asian countries
Markets have tanked more than 30% so far in March, with major indexes suffering their worst single-day fall in history on Monday.(PTI file photo)
Markets have tanked more than 30% so far in March, with major indexes suffering their worst single-day fall in history on Monday.(PTI file photo)

Stock markets to remain open despite nationwide lockdown

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON MAR 24, 2020 10:16 PM IST
Ashishkumar Chauhan, the chief executive officer of S&P BSE Sensex, confirmed that the exchange will remain open.
A salesman shows a gold necklace to customers at a jewellery showroom in Ahmedabad, India, in October 2019.(Reuters File Photo)
A salesman shows a gold necklace to customers at a jewellery showroom in Ahmedabad, India, in October 2019.(Reuters File Photo)

Gold prices crash over Rs 1,000 as investors liquidate assets over coronavirus fears

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON MAR 13, 2020 05:26 PM IST
The prices in bullion market plunged as investors liquidated everything to cover losses over coronavirus outbreak.
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