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Market Movers: What changed for D-Street while you were sleeping

Let’s check out the factors that have the potential to move markets all through Thursday.

ITAT upholds case against NDTV’s Prannoy Roy and Radhika Roy

Tax department had alleged the Roys concealed income of more than Rs 117 cr each; Prannoy Roy refutes charges.

Settlement mechanism: Sebi sets grounds for granting confidentiality to applicants

Now, an applicant can be assured confidentiality while filing a plea under settlement mechanism.

Sebi fines 4 entities Rs 21 lakh for fraudulent trading in BSE stock options

ENPAR Fortune Pvt Ltd, Flyhigh Exports Pvt Ltd and Anuj Katta were fined Rs 5 lakh each.

Stocks in the news: Sun Pharma, HDFC, Jet Airways, Apollo Hospitals and Adani Power

Deutsche Bank has maintained a 'buy' rating on ICICI Prudential Life Insurance Company.

NDTV to file appeal against Sebi order imposing Rs 12 lakh fine

The Sebi order came after the regulator examined multiple disclosure lapses by NDTV.

BSE seeks Sebi approval to launch futures contracts of more base metals

Base metal prices in the past one year has witnessed volatility because of the US-China tariff war.

Sebi imposes Rs 12 lakh fine on NDTV for disclosure lapses

​The order comes after the regulator examined multiple disclosure lapses by NDTV and noted non-compliance with the SAST Regulations.

IndusInd Bank-Bharat Financial merger to be effective from July 4

In accordance with the scheme, Bharat Financial shareholders will get 639 shares of the bank for every 1,000 held.

SAT stays Sebi ban on NDTV’s Roys, next hearing on Sept 16

Sebi had alleged that the promoters of NDTV entered into three loan agreements.

UK Sinha panel on MSMEs submit report to RBI

"The committee held its deliberations including consultations with various stakeholders and has submitted its report to the governor," RBI had said in a statement Tuesday.

Incentivise AIFs for India’s capital needs

While the narrative so far has been focused on FPIs, AIF industry has grown by leaps and bounds.

Exchanges get nod to offer index trade on commodity futures

In addition, NSE, BSE and ICEX also are exchanges which have a commodity derivatives segment (CDS) launched recently.

Leela sale row: ITC seeks waiver of minimum shareholding norm

ITC alleged that large amounts will be paid to the promoters and JM Financial ARC will also benefit from the deal but the company will not receive any value.

C sets up panel under UK Sinha to study MSMEs

The committee will suggest long-term solutions for the economic and financial sustainability of the micro, small and medium enterprises, RBI said in a statement, adding the panel will submit the report by the end of June.

How Sebi wants to discipline rating agencies and restore faith in them

It is mandatory for the rating agencies to publish a standardised liquidity indicator.

IL&FS case: Independent directors, rating agencies, auditors under Sebi lens

Number of borrowers, including listed firms, were not servicing their debt obligation timely.

Stocks in the news: Dilip Buildcon, SpiceJet, PNB, Canara Bank, BSE and Mahindra and Mahindra

Here are a few stocks which may buzz the most in Wednesday's trade.

Fraudulent trade: Sebi slaps Rs 45 lakh fine on five entities

Sebi had conducted an investigation into the trading activities of several entities.

HDFC Mutual Fund to buy Rs 500-cr NCDs of Essel Group from its debt schemes

In May, Sebi had issued separate show cause notices to HDFC Mutual Fund and Kotak Mutual Fund seeking details of the terms of their investments in Essel Group’s debt securities.

HDFC MF to buy Rs 500-crore NCDs of Essel Group from its debt schemes

Mutual funds collectively held Rs 7,000 crore worth of Essel papers.

HDFC AMC falls 7%, erodes m-cap by Rs 2,500 crore

HDFC AMC will buy Rs 500 crore worth of NCDs of the Essel Group from the debt schemes that have exposure to these securities.

SEBI, MCA probing PWC's resignation as auditor of RCap, Reliance Home Fin

The development assumes significance in the wake of the auditors' role coming under the scanner of multiple agencies in cases involving various corporate houses, including listed companies.

GSTN-like body on cards: Govt plans co to screen and rate borrowers

The govt is considering on creating an SPV similar to GSTN to monitor & screen commercial borrowers.

Sebi prescribes norms for rating agencies to improve rating standards

The regulator also introduced disclosure of rating sensitivities in the press releases.

Sebi bars NDTV promoters Prannoy, Radhika Roy from accessing securities markets for 2 years

Prannoy and Radhika Roy also cannot hold management positions in NDTV during this period.

Aditya Birla Sun Life Mutual Fund launches Pharma & Healthcare Fund

The scheme can also invest in equities of listed overseas companies, in line with the RBI and SEBI guidelines.

Deloitte global CEO met top officials to persuade them against the possible ban

Deloitte global CEO Punit Renjen apprises North Block officials about impact of ban on Indian market

More independent directors, Sebi nominees may board rating agencies

Following the IL&FS default, Sebi plans to overhaul the governance structure of rating firms.

HDFC MF takes Essel group’s exposures on its books; to inject Rs 500 crore to repay investors

“The liquidity arrangement may involve an aggregate outlay not exceeding Rs 500 crore and will be put in place shortly,” the company said in a release.

What does in person verification mean?

Traditionally IPV was done physically where an employee of the intermediary would visit and verify but now it is done online via video conferencing.

IIM professor V Ravi Anshuman appointed part-time member of Sebi

Anshuman is at present posted as a professor at the Indian Institute of Management, Bangalore.

Sebi looks to reward company insiders who turn whistleblowers

The regulator said it will provide adequate safeguards against victimisation of the informant.

Lenders file for Jet Airways' bankruptcy; hearing from Wednesday

The lenders have been trying to sell the airline as a going concern since the past five months, but failed due to many a reason.

Larsen & Toubro vs Nalanda Cap stand-off reaches Sebi’s doors

Prasad believes L&T is undervaluing Mindtree and investors should hold out for a better deal.

Sebi discussion paper proposes up to Rs 1 crore reward for tip on insider trade

In case the information is frivolous, Sebi will take appropriate action against the informant.

MCA, Sebi sign MoU for data exchange for better surveillance

The MoU comes in the wake of increasing need for surveillance in the context of corporate frauds.

Corporate affairs ministry, Sebi to start automatic data exchange

The ministry and Sebi Friday entered into a formal memorandum of understanding (MoU) for dataexchange.

Why SEBI needs to strengthen rules to protect retail investors in debt mutual funds

The funds that held bonds which were impacted or downgraded (IL&FS group, Essel, ADAG and DHFL) adhered to regulatory norms.

Tweet Buster: Experts question directors’ role on firms’ boards

Sanjay Bakshi issued a warning to investors, cautioning them that they are on their own.

Sebi examines ‘default probability’ framework to keep rating companies on toes

Sebi is examining a ‘default probability’ framework to keep credit rating agencies on their toes.

Co-location case: SAT rejects NSE plea for bank guarantee to Sebi

Last month, NSE moved the tribunal challenging Sebi's rulings against it in the co-location case.

Shyam Steel Industries files IPO papers with Sebi

Market sources said the IPO size is estimated to be around Rs 500 crore.

Sebi mulls buffer to shield investors in liquid funds

In case of redemption pressure, these sovereign instruments could be sold quickly.

Can physical shares be accepted in buybacks, companies ask Sebi

The uncertainty will impact thousands of investors who continue to own physical shares.

SBI-led consortium to take Jet Airways to NCLT, seek resolution under IBC

As a way forward, lenders decided to take Jet Airways to NCLT and seek resolution under the IBC.

Tapping the bourses: The procedure for filing for an IPO with SME exchanges

Listing pre-supposes good corporate governance, which results in sustainability and helps generate an independent valuation of the company.

Sebi bars 12 entities from securities market for manipulating share price

The probe revealed that entities were connected to each other and were acting in concert to manipulate the price of the scrip.

Sebi sends notice to HDFC Mutual Fund, officials for extending FMP

Essel debt exposure had impacted the scheme, which the fund house sought to contain by giving the option for a rollover

Sebi notice to top funds, brokerage over insider trade: Manappuram shares crash

Sebi has served a show-cause notice on the company’s top management, suggests reports.

Deleveraging cycle at Reliance Industries likely to ease investor concerns

The proposed transfers will benefit Reliance Jio in two ways.

Stocks in the news: Reliance Infra, Airtel, Jet Airways, Jaypee Infratech and ICICI Bank

Here are a few stocks which may buzz the most in Monday's trade.

Rel Cap, Rel Home Finance plumb fresh 52-week lows

Both stocks looked set to extend their losing streak to third consecutive session.

Sebi floats discussion paper on regulatory sandbox for fintechs

The markets regulator said the current move was a step ahead in the same direction as innovation sandbox.

Sebi slaps Rs 30 lakh fine on 6 entities for fraudulent trade

The regulator had conducted a probe from December 2011 to October 2013 into the trading of PPTIL's shares.

Penna Cement Industries gets Sebi nod for Rs 1,550-cr IPO

IPO comprises fresh issue of up to Rs 1,300 crore and an offer for sale of up to Rs 250 crore

Tatas await decision on plea to ban Deloitte, BSR

If the ban comes to play, it will be a setback for the two firms as it will lead to 300-plus listed companies shifting their business to other audit firms.

NCLT asks Sebi to conclude probe into Leela's asset sale

The counsel for Hotel Leela Venture requested that the hearing be adjourned for four months as Sebi's probe is underway.

L&T confident of taking control of Mindtree: AM Naik

L&T boss AM Naik says once the offer for 31% in Mindtree is complete, his company will gain majority and with IT firm’s ind directors giving a thumbs-up to offer, road seems to be clear

Sebi wants 10% mandatory deposit before appeals at SAT against its orders

The Securities and Exchange Board of India (Sebi) has sought an amendment to the Sebi Act to provide for a "pre-deposit" .

How to trade commodity futures and options

MCX is the largest, and listed, metals and energy exchange.

Sebi panel proposes ways to ease FPI regulations

The panel was constituted to consolidate and rationalise the FPI framework.

Over 150 overseas investors lose FPI licence

This is the first time since 2014 there is a net fall in the total number of registered FPIs.

Panel suggests new route to attract FPIs not keen to register with Sebi

Earlier, private banks were allowed to do only proprietary trades in India.

Sebi slaps Rs 60 lakh fine on 12 entities for non-genuine trades in scrip of Tilak Finance

The entities have been fined for violating provisions of PFUTP norms.

Sebi, bourses step up surveillance for election result

Markets are likely to witness significant movements on Thursday.

Sebi proposes to review share buyback rules

Sebi said there is a concern that much of the activities of the subsidiaries are not available in the public domain.

Plea in Supreme Court for action against Indiabulls Housing for misappropriating 98K cr public money

The petition alleged that money worth thousands of crores were siphoned off by Sameer Gehlaut, the chairman of the firm, and the directors of Indiabulls for their personal use.

Sebi plans to tweak share buyback rules

The issue was discussed in the Sebi-appointed Primary Market Advisory Committe (PMAC).

Sebi proposes to reduce time for rights issue process

Currently, rights issue process takes 55-58 days from the time company decides to launch the issue till listing.

Sebi slaps Rs 10 lakh fine on Choice Broking for misusing clients' fund

The Securities and Exchange Board of India (Sebi) carried out an inspection of broking operations of Choice Equity from April 2015 to September 2016.

NBFCs seeking to pass off governance, solvency issues as liquidity problem: Uday Kotak

"India needs to do significant capacity building in its economic and financial sectors"

Sebi slaps Rs 24 lakh on Amtek Auto for disclosure lapses

As per the order, Amtek Auto is the promoter of Castex Technologies Ltd (CTL).

Sebi proposes innovation sandbox for fintech companies

Sebi feels that fintech firms should have access to market related data.

What extra precautions are mutual funds taking after recent fiascos?

A series of downgrades and defaults have shaken the confidence of the extra conservative investors, who bet on debt schemes for marginally higher after-tax returns.

Sensex's rise from 20K to 40K: 5 lessons for equity mutual fund investors

We look at some critical lessons that equity fund investors learnt during the journey of Sensex reaching 40K.

Market Movers: What changed for D-Street while you were sleeping

Let us check out the factors that have the potential to move markets all through Friday.

Sebi probing if mutual funds did bond deals to prop up returns

Move comes in the wake of allegations that funds are doing friendly deals with each other to boost, suppress valuations

Why DHFL payment won’t bring any gains for investors soon

On Tuesday, DHFL paid Rs 962 crore as interest on some of the debentures.

80% of PMSes delivered solid returns in May: Look who all missed the jackpot

The minimum investment threshold for PMS schemes is Rs 25 lakh.

Sebi paves way for mutual fund participation in commodity derivatives market

MFs won’t be allowed to take positions in sensitive commodities like agri products.

Sebi allows mutual funds in exchange traded commodity derivatives

The mutual fund schemes cannot invest in physical goods except in ‘gold’ through ETFs.

NSE challenges Sebi orders in co-location case before SAT

Sebi has been probing alleged lapses in high-frequency trading offered through NSE's co-location facility.

After RBI, Sebi & IRDAI launch initiatives to boost startups

IRDAI said that with the regulatory sandbox approach, fintechs “will have a safe and conducive space to experiment and where the consequences of failure can be contained.”

Extend tax sops to retail investors in corporate bond: Mkt players to FM

The Union Budget for 2019-20 is scheduled to be presented on July 5.

Sebi issues proposals for startups on IGP to migrate to main platform

The regulator proposed that the companies listed on IGP, wanting to list on the mainboard, should complete at least one year of listing on the former platform.

Sebi slaps Rs 1 crore fine on En Aromatic & Petro Chemicals

En Aromatic & Petro Chemicals had raised nearly Rs 61.5 crore through the RCPs offer.

Complete banning of Deloitte is going to be a big issue: Sandeep Parekh, Finsec Law Advisors

Earlier, PwC had been banned in Satyam case and RBI imposed a one-year ban on SR Batliboi recently.

India, Israel may list firms in each other’s bourses

“We are hoping to move on this front quickly,” said Ron Malka, Israel’s ambassador to India.

Investors with a risk appetite may opt for Fortis over Apollo

Fortis Healthcare holds the hope of a turnaround under new owner IHH.

After Market: R-Adag stocks bleed, Jet at all-time low; Yes Bank hits 5-year low

Rupee’s weakness against the US dollar also influenced market mood.

Sebi, stock exchanges beef up surveillance before poll results

The poll results are likely to have a bearing on trading and increased monitoring helps to keep in check possible manipulations and excessive volatility in the markets.

Stocks in the news: HDFC, Wockhardt, Gruh Finance, RCap, Jet Airways, and Aurobindo Pharma

CLSA has maintained buy rating on Bharti Airtel with a target price of Rs 425.

Nippon Life makes open offer to acquire 22.49% stake in RNAM

Transaction is to be payable in cash for a total consideration of Rs 3,179.41 crore.

Nippon Life makes open offer to acquire 22.49 per cent stake in RNAM

The transaction is to be payable in cash for a total consideration of Rs 3,179.41 crore.

Aluminium, zinc deliveries off to a robust start on MCX

A Sebi official said delivery results in a better speculator hedger mix and prevents “excessive” speculation.

NSE to appeal against Sebi order in co-location case

Exchange says it has strong grounds to contest the orders, including monetary liability.

Indiabulls insider trading case: Sebi impounds Rs 87.21 lakh from former director, spouse

Pia Johnson of Indiabulls Ventures Ltd (IVL) and her husband Mehul Johnson traded in the scrip of IVL when in possession of unpublished price sensitive information (UPSI)), Sebi said.

L&T delayed offer for Mindtree to open on June 17 at Rs 980/share

L&T’s open offer to buy 31 per cent additional stake in Mindtree will kick off on June 17.

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