Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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Sebi imposes Rs 6 lakh fine on SRU Securities for manipulative share trading
Posted on 11th September 2019 |
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Markets regulator Sebi has levied a fine of Rs 6 lakh on sub-broker SRU Securities for indulging in manipulative trading in the shares of Cerebra Integrated Technologies. The order follows an investigation conducted by the Securities and Exchange Board of India (Sebi) between December 2014 and January 2016. |
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Tribunal squashes Sebi's ban on PwC in Satyam scam
Posted on 9th September 2019 |
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Mumbai: In a major setback to Sebi, Securities Appellate Tribunal or SAT today overturned the markets regulator's order banning Price Waterhouse Coopers from auditing any listed company for two years for its role in the ₹7,800-crore Satyam scam. However, SAT partly allowed disgorgement of the ₹13 crore fee from the auditor. |
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Sebi orders forensic audit of Sun Pharma financial statements from FY16-18
Posted on 7th September 2019 |
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New Delhi: Drug major Sun Pharmaceutical Industries on Thursday said a forensic audit has been ordered by markets regulator Sebi with regard to its financial statements for three financial years between 2015-16 and 2017-18. In a regulatory filing, Sun Pharma said, "A forensic audit has been ordered by Sebi w.r.t. the financial statements of Sun Pharmaceutical Industries Ltd for the financial years ending March 31, 2016, March 31, 2017 and March 31, 2018". |
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Sebi rejigs primary market advisory panel
Posted on 4th September 2019 |
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Markets regulator Sebi has reconstituted its Primary Market Advisory Committee (PMAC) that advises it on policy framework and development of initial public offerings and other such segments. The 23-member panel is chaired by T V Mohandas Pai, chairman of the Manipal Global Education Services, according to the Securities and Exchange Board of India (Sebi). |
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Sebi exonerates three former executives of NSE in co-location case
Posted on 30th August 2019 |
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The Securities and Exchange Board of India (Sebi), in its order on Thursday, disposed of the show cause notice (SCN) issued to senior employees of the National Stock Exchange (NSE) on January 4, with respect to the co-location (colo) case. The capital markets regulator did not levy any monetary penalty. |
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Safety of investments can’t be compromised for higher yields: Sebi
Posted on 28th August 2019 |
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Markets regulator Sebi has told the mutual fund industry that safety of investment cannot be compromised for higher yields. Speaking at the Association of Mutual in India (Amfi) members summit in Mumbai on Tuesday, Securities and Exchange Board of India chairman Ajay Tyagi also added that, the industry as a whole needs to do its own analysis on a regular basis to avoid such situations in future. |
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FPI tax not the only reason behind selloff, says Sebi chairman Ajai Tyagi
Posted on 24th August 2019 |
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SEBI Chairman Ajay Tyagi on Friday stated that the recent heavy sell-off in the markets was not solely due to gloomy market sentiments on account of enhanced surcharge on foreign portfolio investors’ (FPI) announced in the Budget but several other factors of the economy coupled with the general slowdown. Underlining the measures taken (by the government) to contain the further selloff, he said, “There are other reasons pertaining to the economy. Corporate earnings are not improving and there is a general slowdown (in the economy). |
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Resolution plan: Sebi may have reservations on Mutual Fund’s signing DHFL ICA
Posted on 21st August 2019 |
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The resolution plan of Dewan Housing Finance Corporation is expected to remain stuck till mutual funds sign the inter-creditor agreement (ICA), as the Securities and Exchange Board of India (Sebi) is yet to green-light the same. Since July, banks, the Association Of Mutual Funds in India (AMFI) and the Indian Banks Association have separately written to the markets regulator seeking its inputs on whether mutual funds can sign the inter-creditor agreement. At this juncture, the matter is being pursued by RBI with the markets regulator. |
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Sebi likely to ease share buyback norms for NBFC
Posted on 20th August 2019 |
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Mumbai: In the wake of the liquidity crisis hitting the NBFCs and housing finance companies (HFCs), securities market regulator Sebi might ease share buy-back norms for these firms. The proposal is expected to be presented at the regulator's board meet on Wednesday. |
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