Free Press Journal
  • ‘Smart’ BKC to be energy-efficient too

    Mumbai : The ‘Smart Bandra-Kurla Complex’ project that is set to go live by next October will now include an interesting feature to make the business district an energy-efficient complex. The new addition—Building Monitoring System—will have a live web-based dashboard that would flash energy consumption of the commercial buildings of the business district. The inclusion of this component in ‘Smart BKC’ by the Mumbai Metropolitan Region Development Authority is to create energy saving

  • Tackling black money growth not Sebi’s job, says UK Sinha

    Mumbai : Tackling black money growth is not the task of Sebi but it is pro-active in curbing market manipulations and information about tax evasion that comes to its notice is passed on to the authorities concerned, its chief U K Sinha said.

  • sebi

    SEBI trying to check start-ups exodus: chairman

    New Delhi: India’s capital markets regulator SEBI on Monday said that it is making best efforts to check the flight of start-ups to other countries by creating a conducive climate for their growth in India.

  • Aadhaar row: SC assures decision by tomorrow on larger bench plea

    New Delhi: The Supreme Court today assured the Centre and bodies like SEBI and RBI that it will take a decision by tomorrow evening on their plea seeking setting up a larger bench for modifying an earlier order restricting the voluntary use of Aadhaar card to PDS and LPG schemes only.

  • SC refuses to modify order restricting use of Aadhaar

    New Delhi : In a jolt to the Centre, the Supreme Court on Wednesday refused to modify its interim order and allow bodies like the RBI and SEBI and some states to allow voluntary use of Aadhaar card for welfare schemes other than the public distribution system and LPG schemes.

  • Centre pitches for voluntary benefit of Aadhaar card in Supreme Court

    New Delhi : The Centre and its various arms pitched strongly in the Supreme Court for voluntary use of Aadhaar cards to provide benefits of various welfare schemes, other than PDS and LPG, at the doorsteps of the aged and weaker sections of society, which are the target groups.

  • Sebi wants MFs to lower costs, be vigilant of risky assets

    Mumbai : To safeguard investors’ interest and help them maximise returns, markets regulator Sebi is set to tighten norms for mutual funds by asking them to lower the cost of investments and be more vigilant about risky assets.

  • Supreme Court to hear pleas seeking relaxation on use of Aadhaar

    New Delhi : The Supreme Court will hear applications by the Gujarat government, the RBI, the SEBI and the UIDAI seeking modification of its order restricting the government – both at the central and in state level – not to insist on Aadhaar card except for the disbursal of food grains under PDS, and cooking fuel including kerosene and cooking gas.

  • SEBI attaches Saradha’s Realty property to recover Rs.774 cr

    Kolkata : The Securities and Exchange Board of India (SEBI) has attached 134 properties of Kolkata-based Saradha Realty India Ltd. and its managing director Sudipta Sen to recover Rs.774.3 crore along with returns due to investors. The market regulator, on its website, said notice to recover the amount was sent to the company and Sen but it went unanswered and the dues were not paid.

  • Arun Jaitley

    FMC merges with Sebi; to bolster commodities mkt regulations

    Mumbai:  Marking the first ever merger of two regulators, Forward Markets Commission merged with securities market watchdog Sebi that will help strengthen as well as streamline regulatory framework to curb manipulations in the commodities derivatives segment.

  • UCX CEO not fit and proper person to run bourse: FMC

    New Delhi :  Commodity exchange UCX’s Managing Director and CEO Praveen Pillai is not a “fit and proper person” to run the bourse due to professional misconduct and financial irregularities, the regulator Forward Markets Comission has said in a order. After the NSEL fiasco, this is the second time FMC has issued such a ruling and comes less than a week before the regulator’s merger with capital market watchdog Sebi.

  • Sebi steps up black money probe; offshore arbitrage under scanner

    New Delhi : Widening its probe into suspected tax evasion and laundering of black money through stock markets, regulator Sebi is looking into illicit ‘arbitrage’ through derivatives trading from offshore locations.

  • Commodity exchanges get 1-year to rationalise salaries

    New Delhi :  Commodity exchanges will have to rationalise salaries of their key management personnel within a year as per Sebi norms, while they have been given six months to put in place ‘Chinese walls’ to segregate regulatory functions from other departments.

  • Satyam scam: Sebi asks Raju family, others to return Rs 1,800 crore

    Mumbai : In a fresh order in the nearly seven-year old Satyam scam case, regulator Sebi on Thursday asked 10 entities linked to the main accused B Ramalinga Raju — including his mother, brother and son — to disgorge over Rs 1,800 crore worth of illegal gains made by them.

  • Amtek Auto’s arm Castex Tech under Sebi lens

    New Delhi : As a crisis continues at Amtek Auto, markets regulator Sebi has begun a probe into alleged share price manipulation at its listed subsidiary Castex Technologies through forced conversion of foreign bonds.

  • Sebi notifies revised listing regulations

    New Delhi: Capital market regulator Sebi has notified amended listing regulations that allow listed companies to seek shareholders’ approval for related party deals through ordinary resolutions. Besides, Sebi’s provisions for listed entities have been aligned with those of the Companies Act, 2013. The latest listing norms, finalised after consultations, will consolidate and streamline the provisions of existing listing agreements for different segments of the capital market. “The regulations have thus been structured