Stock Analysis, IPO, Mutual Funds, Bonds & More

NCLAT order may pave the way for delisting Alok Inds

NCLAT, in view of this, directed Reliance in its Wednesday order to comply with Sebi regulations.

Got a ‘secret’ market tip? Telegram it

There’s also a technological reason for the migration of market scuttlebutt from WhatsApp to Telegram — investigative agencies had cloned mobile phones of accused persons and backed up the latter’s WhatsApp messages, which were used as evidence. Telegram has attracted over 100 million downloads globally on the Android Play Store.

Sebi tightens disclosure norms on loan defaults for listed companies

The move comes just a day after the board of Sebi approved a decision in this regard.

Sebi informs market stakeholders about FATF's sanctions against North Korea, Iran

The development comes following a global caution notice from the FATF.

'Sebi decision to increase PMS limit is positive for mutual funds'

Mutual fund participants believe that the recent decisions by Sebi are aimed at strengthening the capital markets by reducing highly-leveraged trading and thereby attracting more retail participation.

Kiran Mazumdar Shaw settles alleged insider trading case with Sebi in Infosys matter

Shaw had delayed making the requisite disclosures with respect to change in her shareholding.

Sebi seeks NCDEX report on fiasco in castorseed trading

NCDEX is country’s largest agri-derivatives exchange and 2nd -largest commodity derivatives bourse.

Puranik Builders files fresh IPO papers with Sebi; plans to raise Rs 1,000 crore

According to market sources, size of the initial public offer (IPO) is around Rs 1,000 crore.

Infosys troubles: Mohandas Pai says co should stop resorting to rhetoric

"You can't make it a bland statement,"Mohandas Pai said, adding the specific concerns needs to be allayed.

Sebi tightens disclosure norms on loan defaults

​ Sebi also extended the BRR requirement to top 1,000 companies, from 500 currently.

Mutual funds will join DHFL resolution process: Sebi chief

Amid the crisis at DHFL, RBI on Wednesday superseded the board of the company.

Subrata Roy’s plea rejected in bond sale case

The Special Court in Mumbai is expected to soon frame charges against the accused- Sahara chairman Subrata Roy and his accomplices under the Securities and Exchange Board of India (Sebi) Act, considered to be the first stage for the commencement of trial.

Sebi hikes PMS investment size to Rs 50 lakh, tightens default disclosure norms

Base net worth of portfolio managers has also been raised to Rs 5 crore from Rs 2 crore.

Tighter norms for default disclosure by listed firms

The disclosure on defaults must be made within 24 hours from the 30th day, the capital market regulator said.

SBI admits to making many poor commercial decisions

Speaking at an event organised by former Sebi chief M Damodaran here on Thursday, Arijit Basu, a managing director at SBI, also conceded that the bank has erred on some business decisions and cannot attribute those to social compulsions.

NCLAT denies RIL waiver to delist Alok Industries

Reliance Industries didn’t respond till press time Wednesday seeking comment.

Sebi bans Capital Heed proprietor from taking fresh clients for investment advisory services

A Sebi probe also found that Sen, at the time of seeking registration as an investment adviser with the regulator, has declared that he was not engaged in investment advisory services prior to making this application.

Sebi plans to spend Rs 500 crore on IT projects in 5 years: Ajay Tyagi

On challenges, Tyagi said there are broader challenges, including compliance requirements.

75% of top 500 firms have separate chairman, MD posts: Tyagi

The watchdog has asked listed companies to split the post of chairman and managing director. The norm would be effective from April 1 next year.

Satyam case: SC restores Sebi's power to restrain erring auditing firms

The Supreme Court on Monday stayed a direction in the order of Securities Appellate Tribunal (SAT), which stopped market watchdog Sebi, from barring the auditors from auditing listed companies. In January 2018, the Securities and Exchange Board of India slapped a two-year ban on Pricewaterhouse (PwC), an arm of PricewaterhouseCoopers India, from auditing any listed company for its role in the Rs 7,800 crore Satyam scam. The SAT, however, quashed the two-year ban.Satyam case: SC restores Sebi's power to restrain erring auditing firms

Sebi bans Pine Animation, 72 other entities from securities market

These entities have been barred for a time period ranging from five years to eight years.

SC stays SAT's order holding that Sebi lacks power to bar auditors

The SAT, in its order which set aside the ban on audit firm Price Waterhouse (PwC), had noted that SEBI does not have the power to bar auditors. Earlier, the SEBI had challenged SAT's decision to quash a two-year ban that was imposed on PwC in connection with the Rs 7,800 crore Satyam fraud.

Focused funds are topping performance chart. Is it time to invest?

Three schemes from the category that is mandated to invest in a concentrated portfolio of 30 stocks have found place among the top five performers in the multi cap category in the last one year.

Sebi denies RIL a waiver to delist Alok Industries

The appellate tribunal directed Sebi to implead in the case and offer its views.

Sebi levies Rs 37.6 lakh fine on 6 firms for fraudulent trading

Sebi noted that the firms violated the provisions of the PFUTP norms.

PMS rules set to get stricter, ticket size likely to rise to Rs 50 lakh

The stricter norms for portfolio managers are aimed at reducing mis-selling.

Homebuyers seek PM's help on right to take errant realtors to NCLT

Last year, the government amended the Insolvency & Bankruptcy Code to treat homebuyers as financial creditors and allowing them to initiate corporate insolvency resolution process under Section 7 of the Code against defaulting promoters. A group of builders challenged the status in the Supreme Court. However in August, the apex court rejected their plea

Sebi categorises contract specification parameters of commodity derivatives

​These modifications shall require approval from product advisory committee and approval of regulatory oversight committee to be obtained post facto.

Sebi lays down mechanism to map unique client code with demat account

"Stock exchanges and depositories shall map the existing UCCs with the demat account of the clients latest by December 31, 2019," the regulator said in a circular.

Worried independent directors no longer keen to hold board seats

This unabated exodus reflects a trust deficit in corporate India, said the chairman of a leading conglomerate.

Central Bank of India reports higher Rs 6,430 cr loss for FY19 on NPA divergence

The net NPA divergence -- the difference between the NPAs reported by the bank and that assessed by the RBI -- was at Rs 2,565 crore for 2018-19.

YES Bank recovers after slipping 3% on divergence in bad loans for FY19

The divergence in net NPAs of the bank stood at Rs 2,299 crore for 2018-19.

Promoters may ‘Give Way’ to controlling shareholders

Market regulator, SEBI, wants to introduce the concept of controlling shareholders.

RIL begins arguments against Sebi order in SAT

The Sebi had barred the company and 12 of its promoter group entities from dealing in equity derivatives.

Sebi tightens disclosure norms for muni bonds

Every credit rating of such issuer will be reviewed at least once a year, by a registered credit rating agency.

RIL acquisition of Network 18 Media: Sebi says no open offer needed involving IMT

​​On November 23, 2011, IMT entered into a SUA with Raghav Bahl, five entities controlled by him and NW18.

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

The bias for the index remains negative until it decisively breaches the 11,950-12,000 zone, said analysts.

Biz leaders, experts to discuss corporate governance in 2-day summit

The two-day summit, to be held on November 21-22 in Mumbai, will witness the participation of all categories of stakeholders, including business leaders, regulators, corporate chieftains, directors, lawyers, chartered accountants, other professionals and board members.

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

Here’s breaking down the pre-market actions.

Sebi mulls lowering cost of derivatives trading

Brokers said they could end up paying 30-35 per cent less in initial margins.

Time to switch from debt funds to arbitrage funds for more safety, returns?

Some mutual fund advisors are asking their clients to choose arbitrage funds over liquid, ultra short or short duration funds for their short-term needs.

YES Bank’s FY19 profit shrinks on Rs 2,299 crore NPA divergence

Adjusted profit for FY19 after taking into account divergence in provisioning was Rs 1,084 cr.

Sebi disposes of case against ABG Shipyard

ABG Shipyard is undergoing insolvency proceedings.

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

Analysts said the advance-decline ratio needs to improve, as the index looks to take out the 12,000 level in the coming days.

NCLAT asks Sebi to file reply on revised share delisting norms for cos under insolvency

The appellate tribunal has directed to list the matter on November 18 for orders.

Sebi to auction assets of Royal Twinkle, Citrus Check Inns in December

The move comes following the directions of the Supreme Court, Sebi said in a notice.

Mutual fund inflows into equities halve so far this year as retail investments slow

Fund managers had bought shares worth Rs 1.12 lakh crore during January-October 2018, according to the data provided by the Sebi.

SAT lifts Sebi ban on ex-Gammon head

Gammon India is currently fighting a bankruptcy petition filed by banks .

Sterling and Wilson solar falls 20% more, but still no buyers

On Monday, more than 2 million shares were on offer to be sold, but there were no buyers.

Ask almighty: Sebi chief on Nilekani's God remark

The comments come after Nilekani said processes at Infy are so strong that God cannot change their numbers.

Sebi issues operational guidelines for FPIs

The regulator said that all existing FPIs registered as category III FPIs under the 2014 regulations shall be deemed to have been registered as Category II FPIs under the new regulations.

Tax fears keep family offices at bay from investing in India despite Sebi leeway

Sebi recently announced operational guidelines for FPIs and depository participants.

Sebi issues clarifications on PIT Regulations

​The regulator has also clarified that no pre-clearance is required for exercising employee stock options.

Cash-starved CG Power wants to tap markets, said to seek Sebi exemption

The company has sought an exemption on tapping the markets from the Sebi.

Sebi chief Ajay Tyagi says Infosys probe underway

Last month, Infosys had informed that Sebi requested additional information from the company concerning the anonymous complaints.

Sebi asks MFs to create separate portfolios for unrated debt defaults

The directive comes against the backdrop of liquidity woes in the NBFC sector raising concerns about mutual fund investment in such stressed companies.

Sebi issues circular on Aadhaar e-KYC for investors

The circular mentions about the requirements to be fulfilled by entities registered with the UIDAI as KYC User Agency (KUA) as well as for sub-KUA.

Sebi allows MFs to create segregated portfolio for unrated debt

For the purpose of this circular ‘actual default’ by the issuer of such instruments shall be considered for creation of segregated portfolio.

SAT quashes Sebi's order banning Tree House Education and Accessories, officials

Rajesh Bhatia, Geeta Bhatia, Giridharilal S Bhatia and Hiten Trivedi are the officials from whom the ban is lifted.

Sebi to MFs: Report about changes in terms of investments to CRAs, valuation agencies

Earlier, fund houses were required to inform the same to valuation agencies only.

When should you make changes in your mutual fund portfolio?

A combination of scheme categorisation, economic downturn, and market downturn, coupled with negative news on the NBFC sector and couple of frauds, has created mayhem, in the market which led to underperformance of many mutual fund schemes.

Sebi’s cross-margining move to ensure big margin benefits on derivative trade

Internationally, cross-margining is available on various products, including between Indices.

VRise pledges its clients’ securities worth Rs 37 crore to another firm

Brokerage firms help people buy and sell securities by acting as agent.

‘Investors can skip offer of Tata Focused Equity Fund’

Financial planners feel a stable fund management team is a prerequisite before recommending an actively managed equity mutual fund scheme.

PC Jeweller surges 11% as jeweller settles case with Sebi

The company paid Rs 19,12,500 towards full and final settlement of the alleged default.

Sebi tightens rules on P-notes, to need separate registrations

Some long-standing concerns remained even after the regulator issued the new guidelines.

Why are mutual funds silent on dubious credit ratings?

Mutual funds and other institutional investors, who are the consumers of the rating agencies, have been strangely silent, despite having been let down in several egregious cases.

Sebi comes out with operational guidelines for new FPI regulations

A company will have to appoint any one depository as its designated depository for the purpose of monitoring the foreign investment limits.

NSE makes pitch to FM, Sebi to cut securities transaction costs

To further expand markets, we need to further simplify them, said Vikram Limaye, MD and CEO.

Strengthen due diligence for demat requests of physical shares: Sebi

Since April 1, transfer of securities held in physical mode is not permitted.

Rating agency CEOs can’t be part of rating panel: Sebi

The nomination and remuneration committee will have to be chaired by an independent director.

Sebi extends second phase of UPI implementation for retail investors till March 2020

The second phase was to be implemented from July 1, 2019.

Sebi extends second phase of UPI implementation for retail investors till March 2020

The second phase was to be implemented from July 1, 2019.

Sebi allows cross-margining facility to offset positions in co-related equity indices

In 2008, Sebi had allowed cross margining across cash and exchange traded equity derivatives segments.

MF investment in equities halves to Rs 55,700 crore in 2019

Fund managers had bought shares worth about Rs 1.12 lakh crore during January-October 2018.

MD & CEOs of CRAs shall not be members of rating committees: Sebi

​The chief ratings officer has been asked to directly report to the ratings sub-committee of the board of the CRA.

Tata Sons chairman N Chandrasekaran bats for privatisation of discoms

Chandrasekaran said the slowdown is creating a pressure on jobs, and while the cyclical issues ailing the economy get addressed, there are strengths in the structural front, like the demography, and also opportunities presented by technological breakthroughs where India has the edge.

SAT asks Sebi to pass order in RIL-Network 18 deal matter by Nov 30

The order comes following an appeal filed by Victor Fernandes and Sangeeta Fernandes seeking further direction from the tribunal.

CG Power fraud: Ex-CFO says Nashik property not sold yet

V.R. Venkatesh, the former CFO, CG Power has denied any sale of property in Nashik in connection to the CG Power fraud he is primarily accused of. In its investor presentation in August, CG Power had listed several alleged discrepancies or fraudulent transactions including two instances of sale of company properties in Nashik and Kanjurmarg.

DHFL stares at insolvency proceedings

The government notified the Insolvency and Bankruptcy Rules, 2019, to provide a generic framework for insolvency and liquidation proceedings of systemically important financial service providers, other than banks.

DHFL stares at insolvency proceedings

In the case of DHFL, bankers want mutual funds on board to ensure that no entity takes a unilateral decision.

Sebi levies Rs 1.32 crore fine on 16 entities for flouting market norms

Sebi has imposed fines on the entities in the range of Rs 5 lakh to Rs 10 lakh each.

Sterling & Wilson Solar promoters fail to honour loan commitment

Sterling and Wilson has sought more time to repay loans worth Rs 2.341 crore.

Mutual funds approach Sebi with 125 new schemes in 2019

Fund houses attributed the fewer NFOs in 2019 to tepid investors' sentiment and liquidity crisis in debt funds.

Infosys firm on stand, refutes charges of lapses

Lawyers dealing with the company’s legal strategy said Infosys followed all the required procedures as per its internal whistleblower policy. They are also taking a view that if whistleblower complaints are disclosed without verifying the veracity of the charges, they would hurt the company and also the interests of minority investors.

Sebi bans 4 persons from markets in KLG Capital Services insider trading case

APPL was a group company of SKIL, where Mohnot and N Ravichandran worked, according to Sebi order.

Three banks report NPA divergence a day after Sebi directive

Indian Bank has reported a divergence of Rs 820 crore in its net non-performing assets (NPAs) for 2018-19.

Sebi exonerates NSE's former CTO, 2 others in co-location case

C K Nithyanand and B G Srinath were non-executive directors of Way2Wealth at the time of violation.

Sebi asks banks to declare NPA divergences on continuous basis

Currently, such divergences are disclosed by banks in their quarterly financial results.

Promoters' feud has 'zero impact' on IndiGo, says CEO

The differences between co-founders and co-promoters -- Rakesh Gangwal and Rahul Bhatia -- came to the fore in July after Gangwal sought market regulator Sebi's intervention to address alleged corporate governance lapses at the company. They are the promoters of InterGlobe Aviation which operates IndiGo, the country's largest airline in terms of domestic market share.

Delhi police accuse allied MD Awanish Mishra of forgery in Dalmia MF case

In a chargesheet filed by the EOW in the Chief Metropolitan Magistrate court in Karkardooma in Delhi on Monday, the police said it found evidence of alteration and uploading wrong credentials with the NSDL system and transferring of MF units of Dalmia Cement) through forged signatures of the authorised signatories.

Sebi to auction assets of Royal Twinkle Star Club, Citrus Check Inns

The move comes following the directions of the Supreme Court.

Sebi tightens framework for listed banks on bad loan disclosures

In recent months, there have been several instances of under-reporting of bad loans by lenders, prompting regulatory action by the RBI.

NCDEX launches agricultural futures index

The one of its kind index, the AGRIDEX tracks and replicates the performance of the ten most liquid commodities traded on the NCDEX’s platform.

4 real estate companies from three cities requests to avail bailout fund: Nirmala Sitharaman

Earlier this month, the government approved a Rs 25,000 crore fund to help complete over 1,600 stalled housing projects, including ones that have been declared NPAs or admitted for insolvency proceedings in a bid to boost growth by steering consumption in real estate and associated sectors.

Stocks in the news: Vodafone Idea, Bank of India, IOB, DHFL, RCom and NBCC

State-owned NBCC sweetened its bid to acquire bankruptcy-bound Jaypee Infratech.

We stand by Sterling and Wilson: Shapoor Mistry

We stand by the company and each other as promoters, Mistry told. We are not moving away from our commitment to honour in full all the obligations towards the company. The promoters were scheduled to pay Rs 2,563 crore to Sterling and Wilson Solar by November 18. The promoters had repaid Rs 250 crore.

Be prepared for lower returns from your debt mutual funds

A host of measures taken by the Securities and Exchange Board of India (Sebi) to enhance the safety of debt mutual funds are likely to drag down the returns from these schemes, say mutual fund advisors.

Sebi bars 6 entities from securities market for 2 years

Tulip Expotrade, Subah Multimedia, Shraddha Entertainment, Daffodil Tradex, Chetan Dogra HUF and Chetan Dogra are the entities facing the restraint.

Other useful Links

Follow us on

Download et app

Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service