Stock Analysis, IPO, Mutual Funds, Bonds & More

Fresh jolt to Hotel Leela-Brookfield deal by SAT

This comes after ITC Ltd. moved the tribunal against the market regulator's order rejecting its contention that the sale should not be allowed because of related-party transactions.

Settle unpaid dues before filing 'scheme of arrangement' with bourses: Sebi to companies

Sebi said listed entities will be liable for punitive action in case of furnishing any false information.

Sebi fines ICICI Bank, compliance officer Rs 12 lakh for disclosure lapses

The probe revealed that ICICI Bank failed to disclose the information regarding signing of the binding agreement to the stock exchanges in a timely manner.

Altico default will hit debt mutual funds

Schemes with securities of troubled NBFC have to mark down value of holdings.

NCCL gets renewal of recognition for 3 years from Sebi

NCCL was granted recognition to act as a clearing corporation for a period of one year.

NCLAT impleads Sebi as a party in the plea filed by RIL in Alok Industries matter

RIL has got debt-ridden Alok Industries in its fold after the Ahmedabad bench of National Company Law Tribunal (NCLT) approved its Rs 5,050-crore resolution plan earlier this year in March.

Waiting for Sebi feedback on Equitas SFB listing, otherwise will go for IPO: CEO

Equitas Holding is already listed and it has 100% shares of the small finance bank.

Sebi imposes Rs 6 lakh fine on SRU Securities for manipulative share trading

The order follows an investigation conducted by Sebi between December 2014 and January 2016.

Altico default sends mutual funds, banks scurrying for cover

UTI MF and Reliance Nippon AMC segregated co’s papers to protect NAVs of debt schemes.

As market looks up, it's time to buy quality stocks. Where to find them?

Any sign of renewed strength in the economy should spell opportunity for investors to invest.

YES Bank promoters seek probe against short sellers hammering the stock

The two shareholders had sent a similar letter to the stock exchanges last month as well.

Sebi working on mobile app for e-voting to facilitate greater retail participation

The regulator said it plans to provide relevant links to the recommendations of registered proxy advisors to retail investors

Satyam scam: SAT quashes Sebi order of banning PwC for two years from auditing

The Securities and Appellate Tribunal (SAT) on Monday quashed an earlier order of Securities and Exchange Board of India (SEBI) to ban Price Waterhouse, an affiliate firm of PwC India, from auditing listed companies for two years due to its role in Satyam fraud about a decade back.Satyam scam: SAT quashes Sebi order of banning PwC for two years from auditing

Deutsche Bank may get Sebi nod to operate as commodity custodian for MFs

Sebi's board in March this year approved a proposal to allow mutual funds and portfolio managers to trade in this segment.

SAT quashes Sebi order of banning PwC for two years from auditing

SAT ruling went on to add that Sebi in fact has no jurisdiction banning any audit firm.

These two factors should determine your asset allocation

The quantifiable parameters to first look at are risk tolerance of the person and the number of years to retirement.

Stocks in the news: SBI Life, Biocon, L&T, Dr Reddy's Labs and Manpasand Beverages

Power Grid said it has bagged an inter-state power transmission project under a tariff-based competitive bidding.

Yes Bank stock rallies on Sebi settlement

Yes Bank, along with its compliance officer, has paid a total amount of Rs 66 lakh towards settlement charges.

Colgate, GSK Pharma, Honeywell and Sanofi continue their outperformance

MNC stocks getting a premium due to their clean balance sheet and high level of transparency.

SBI selling 4.5% in SBI Life at 1.4% higher price

Thursday’s offer was for non-retail investors, while both retail and non-retail investors will be allowed to bid on Friday.

Sun Pharma tanks 4% as Sebi orders forensic audit

Sun Pharma shares slip 4% after Sebi orders probe, close low at 415.90 on BSE.

Sebi warnings to mutual funds more than double in FY19

In some cases, Sebi has resorted to further legal proceedings, depending on the gravity of the violation.

Sebi rejigs primary market advisory panel

Panel has representatives from Sebi, RBI, and finance and corporate affairs ministries.

Whistleblower probe: Sebi orders forensic audit of Sun Pharma

Shares of Sun Pharma closed at Rs 431, up 1.30 per cent on the BSE on Thursday.

Divergence in ratings likely to end soon: SBI

The SBI study found that there are divergences on PD across rating firms.

Sebi seeks clarification from IndiGo on Gangwal's latest letter

Gangwal has complained to Sebi against certain statements made by the chairman and CEO of the airline company Rahul Bhatia.

Bajaj Energy gets Sebi nod for Rs 5,450 crore IPO

Bajaj Energy's IPO comprises fresh issuance of shares worth Rs 5,150 crore and an OFS of Rs 300 crore.

Mark-to-market valuation likely for all debt securities

The move could dim the popularity of products such as liquid schemes.

Macroeconomic headwinds weighed on investor sentiment in FY19: Sebi report

The watchdog had withdrawn the minimum residual maturity restriction of three years for investment in government securities and state development loans.

SAT sets aside Rs 3 lakh fine on Central Bank of India

The tribunal let off the lender on censure for the violations, according to an SAT order.

Yes Bank, its compliance officer pay Rs 66 lakh to settle case with Sebi

Yes Bank had reported 'Nil' divergences in its assets classification and provisioning from RBI norms.

Should large & mid cap mutual funds form a part of your portfolio?

​It has now been over a year since the scheme re-categorisation exercise was carried out by mutual funds.

Regulator steps up pressure on Brickwork and CARE Ratings

CARE Ratings has asked its managing director and CEO Rajesh Mokashi to go on leave.

Fragmented yield curve key hurdle in growth of corp bond mart: Sebi Chief

Most of the G-sec issuances are concentrated in only a few maturity buckets, Tyagi said.

Sebi bets on data analytics, new generation tech to address market challenges

The watchdog has been taking strict action against erring entities.

EHL proposes new scheme to list Equitas Small Finance Bank

EHL had also approached Sebi with a reverse merger proposal but the regulator turned down the request.

Equitas Holding tumbles 10% as RBI bars arm from opening new branches

Equitas Holdings had approached the regulator with a reverse merger proposal.

Stocks in the news: SBI Life, Alkem Labs, RNAM, CG Power and Tata Motors

Cash-strapped CG Power has failed to raise working capital loans as banks are reluctant to lend.

Sebi allows mutual funds to tie up with banks to rejig exposure

The regulator said the signing of ICA must be in the interest of investors and AMCs should take approval from their board and trustees.

NCLAT rejects Sebi plea against resolution plan of Assam Company

Sebi had challenged the NCLT order of September 20, 2018, approving the resolution plan of Abu Dhabi-based BRS Ventures Investments for Assam Company.

Sebi says Rs 106 cr refunded to Sahara investors; company wants 'idle' money back

Sebi said an aggregate amount of Rs 15,438 crore has been recovered so far from Sahara.

Mutual funds are not there to provide risk capital: Sebi chief

Debt MFs have come under fire for investing beyond their capacity and not following the best risk practices.

DHFL may get a Rs 7,000-crore lifeline

Dewan Housing Finance Corp’s lenders plan to infuse more funds to ensure SMA-2 loans don’t turn into NPAs.

Sebi clean chit is one issue less for Sun Pharma to worry about

It took Sebi around eight months to investigate the whistle blower complaint.

Sebi exonerates three former NSE executives, seeks action against two

NSE has been directed to initiate enquiry against these two employees and submit a report to Sebi within six months from the date of the order.

Client securities: Sebi extends deadline by a month to implement new provisions

The provisions of the June circular were to be applicable from September 1.

SBI all set to sell 6.6% stake in life insurance arm

This helped promoters reduce their stake to 75 per cent from 84 per cent.

Essel group makes partial repayment to mutual fund houses

Essel Group raised Rs 4,200 crore by selling 11% in Zee Entertainment to global fund Invesco Oppenheimer.

Kotak Institutional puts add on Sun Pharma, target price Rs 460

Add Sun Pharmaceutical Industries Ltd. at a price target of Rs 460.0 .

Sebi imposes Rs 1.15 cr fine on Syncom Healthcare, officials for flouting market norms

Sebi noted that the firm had issued 4.5 million GDR amounting to approximately Rs 96 crore on September 3, 2010.

Mid cap mutual funds

According to Sebi norms, mid cap mutual funds must invest at least 65% of their corpus in mid-sized or mid cap companies.

Sun Pharma shares dip 2% on forensic audit of books

The scrip declined 1.63 per cent to close at Rs 424.90 on the BSE.

IRCTC files draft papers with Sebi for IPO

According to market sources, the IPO would be worth about Rs 500-600 crore.

Govt introduces code of conduct, performance rating for non-official directors at PSBs

The government has decided to institute certain measures to improve corporate governance in banks.

Basics of crude oil futures

The contract takes price cues from WTI crude oil futures contract offered on Nymex.

Sebi wants MFs to invest only in listed securities

Sebi said it has also decided to give flexibility to MFs to invest in unlisted NCDs up to a maximum of 10% of the debt portfolio of the scheme.

RBL CEO clarifies on insider trading charge, says Sebi did not contact them

The overall growth for the bank will be in the 20-25% range.

Stellar show! India’s top PMSes stop bleeding in Aug, log up to 6% gains in depressed market

PMSes cater to wealthy investors with portfolio sizes exceeding Rs 25 lakh.

Yes Bank nears stake sale to tech firm to boost capital: CEO

Gill said the stake sale was likely to be less than 10% initially but could rise.

Stocks in the news: YES Bank, Indiabulls Realty, ZEEL, CG Power and IndiGo

NTPC has been allocated Badam coal block in Jharkhand by Ministry of Coal.

Sebi plans rules for advisers, PMS to operate in GIFT City

Sebi also considering allowing trading of new products like dollar-rupee derivatives in India’s first IFSC.

SAT pulls up Sebi over victim redressal

“Disgorgement without restitution does not serve any purpose,” it said, while delivering a judgement in the matter of Vital Communications earlier this month.

View: Few ideas for a better 35% public float rule

If government or Sebi is to indeed push for a 35% public float, it must first do three things.

Several measures underway for further development of GIFT City: Sebi chief

"India also must figure on the map of the global financial centres network," Tyagi said.

Sebi brings in stricter norms on disclosure lapses

The exchanges would issue notice to the non-compliant listed entity to pay fine within 15 days from the date of the notice.

Small cap mutual funds

According to Sebi, small cap mutual fund schemes must invest at least 65% of their corpus in small companies.

Large cap mutual funds

Large cap mutual fund schemes have a mandate to invest at least 80% of the corpus in top 100 companies by market capitalisation.

Sebi approves norms for startups to shift to main board after 1 year

The company would need to have a profitablity/ networth track record of three years or at least 75% of its shareholding should be with QIPs.

Sebi eases buyback norms for companies with housing finance, NBFC arms

The repurchase of shares by listed companies is governed by the Buyback Regulations of the Sebi as well as the Companies Act.

Sebi will look into details gathered on CG Power, says Tyagi

The lapses include advances to related and unrelated parties as well as liabilities of the company and the group potentially being understated by hundreds of crores of rupees.

SEBI approves recommendations by HR Khan committe on FPI regulations

Sebi on Wednesday approved several recommendations made by the HR Khan Committee to simplify and rationalise the existing regulatory framework for foreign portfolio investors (FPIs) by easing operational constraints and compliance requirements. SEBI approves recommendations by HR Khan committe on FPI regulations

Sebi okays up to Rs 1 cr reward for corporate whistle blowers

Whistle blowers in a company fraud will be rewarded 10% of the recovery, or a maximum of Rs 1 cr.

Sebi removes broad-based criteria for FPIs, eases KYC norms

Sebi decided that the FPIs will be re-categorised into 2 categories instead of 3 currently.

Sebi may ask mutual funds to reduce exposure to unrated debt

Sebi, at a meeting scheduled today in Mumbai, is likely to take up issues relating to mutual funds, startup listing platform and buybacks.

Stocks in the news: Sun Pharma, DHFL, Equitas Holdings, SBI and Varun Beverages

RBI has taken action against Equitas Small Finance Bank for failing to meet deadline for getting shares listed.

Sebi to ease buyback norms for companies with housing finance, NBFC arms

A proposal for the same is to be discussed by Sebi's board at its meeting this week.

Sebi rejects Icra’s settlement application in IL&FS case

There was also an abrupt downgrade in the ratings of bonds sold by IL&FS.

Analyst Calls: RBL Bank, L&T, Sun Pharma, Dr. Reddy’s Lab, JSW Steel

ICICI Securities has maintained buy rating on RBL Bank and reduced target price to Rs 536 from Rs 725.

Sebi asks Finmin to consider changes in laws for DVRs

Snapchat’s IPO in 2017 drew the attention of startups to DVR structures.

Tyagi moots single platform for gilts, corp bonds

Ajay Tyagi said corporate bond market can play an important role in pushing economic growth given the handicaps in the banking system.

PNB board approves amalgamation with OBC, United Bank

The board meeting held on Thursday followed the finance ministry asking the three banks to consider the proposal of amalgamation, PNB said in a regulatory filing.

JM Financial former VP, other settle insider trading case with Sebi, pays Rs 1.24 cr

Atul Saraogi is son-in-law of Vimala Devi Kalantri, according to Sebi's order.

Retail investor shadow over DHFL resolution

Bankers estimate that DHFL raised about Rs 7,000-8,000 crore from retail investors.

We may need a rethink on minimum public float limit: Sebi chief

“If on its own it goes to a higher level, that is always welcome,” Ajay Tyagi said.

Sebi eases investment norms for AIFs operating in IFSC

Sebi (Alternative Investment Fund) Regulations pertain to provisions for domestic AIFs.

Stocks in the news: TechM, RIL, Bajaj Finance, Sun Pharma and DHFL

The NCLT has approved JSW Steel’s Rs 19,700 crore bid for debt-ridden steelmaker Bhushan Power and Steel.

Sebi asks finance ministry to consider changes in laws for DVRs

SEBI had announced a new framework for DVR issuances after a board meeting on June 27.

Sebi mulls slew of reforms; tighter check on rating agencies, reward and hotline for informants

Sebi board on Wednesday may also take up issues relating to MFs & startup listing platform.

Ideal mutual funds for a student

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

Sebi enhances disclosure norms on encumbered shares

The details are required to be furnished in addition to the already mandated disclosures on encumbrance of shares, invocation of encumbrance and release of the same.

Bourses to constitute advisory committee on commodities: Sebi

Exchange will have the right to accept, reject or modify any recommendations made to it by the PAC

Withdraw higher surcharge on debt instruments also: FPIs

Hong Kong-based ASIFMA said that they welcome the recent decision to withdraw the increased surcharge rates applicable on non-corporate FPIs.

Sebi panel worried over 35% minimum shareholding plan

Government nominees on the panel are keen to ensure the proposal is implemented.

After exchanges, Jignesh Shah sees 100-times bigger opportunity in 'startup ecosystem'

"When I set up exchanges and launched different products, I was creating and innovating for a very elite class in financial markets.Today, I want to create something for the masses," Shah told in an interview.

Sebi to relax norms to allow smart cities to issue muni bonds

The proposed norms would be presented for Sebi's board approval at a meeting scheduled later this month.

HSBC maintains hold on Sun Pharma, target price Rs 400

Hold Sun Pharmaceutical Industries Ltd. at a price target of Rs 400.0 .

Axis Bank settles debenture trustee norms violation case with Sebi

Axis Bank was alleged to have falsely reported that corrective steps had been taken since previous inspection.

Markets could face unwinding of Rs 2,500-3,000 crore of partly-paid shares

In June, Sebi tightened the rules for usage of client securities and funds by brokerages.

SEBI voices concern over related party transactions

The capital markets regulator also said another means of such diversion was extension of loans.

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