Free Press Journal
  • Sebi’s cross-shareholding norm puts rating agencies in spot

    New Delhi : Markets regulator Sebi has imposed a 10 per cent cap on cross-shareholding in credit rating agencies, raised their net worth requirement to Rs 25 crore from Rs 5 crore and disallowed having a seat on the rival’s board.

  • Mutual funds told to disclose total expenses charged on daily basis

    New Delhi : Sebi on Tuesday asked mutual fund houses to prominently disclose on a daily basis total expenses charged to customers for all schemes under a separate head on their websites as well as Amfi website. The fund houses need to disclose about name of the scheme, base as well as total TER, additional expense and GST for regular and direct mutual funds plan in a prescribed format. The new directive

  • Sebi seeks info from Jet Airways following complaint of fraudulent practices

    New Delhi: Markets regulator Sebi has sought information from Jet Airways following a complaint of alleged fraudulent practices. In a filing to the stock exchanges today, the airline said last month the regulator sought views of the statutory auditors and the audit committee on certain allegations.

  • SEBI issues notice to ICICI Bank, CEO Kochhar in Videocon case

    Mumbai, Private lender ICICI Bank on Friday said that Securities and Exchange Board of India (SEBI) has sought responses from the company and its MD and CEO  Chanda Kochhar on alleged non-compliance of the “erstwhile ‘Listing Agreement’ and the ‘Listing Obligations and Disclosure  Requirements) Regulations,  2015′”. According to a BSE filing, SEBI sought the reply via a notice issued to the private lender and its MD and CEO on May 24.

  • Berger Paints’ independent director settles case with SEBI

    New Delhi, May 23 (PTI) Berger Paints’ Independent Director Kamal Ranjan Das has settled a case related to disclosure lapses with markets regulator Sebi after paying Rs 2 lakh towards settlement. The ruling comes after Das had filed an application with the regulator in June 2017, proposing to settle the matter pertaining to the delayed compliance of PIT (Prohibition of Insider Trading) regulations, without admitting or denying the findings of fact and

  • SEBI bans Cypress Money, partners from markets, orders refund

    New Delhi: SEBI has barred Cypress Money Investment Adviser and its partners from the securities market for at least three years and asked them to refund the fees collected from clients in respect of the unregistered investment advisory as well as research analyst services.

  • IndiGo scrips plummet 10% on weak Q4 earnings

    New Delhi : Shares of InterGlobe Aviation ended sharply lower by 10 per cent on Thursday, wiping out Rs 5,475 crore from its market valuation, after the company reported a 73 per cent plunge in profit for the March quarter.

  • SAT stays Sebi order of Sahara MF closure

    New Delhi : Embattled Sahara Group on Friday said the Securities Appellate Tribunal (SAT) has stayed an order from markets regulator Sebi which directed Sahara Mutual Fund to wind up its schemes.

  • Nearly 2,200 entities default in paying fine to Sebi

    New Delhi: Nearly 2,200 entities failed to pay penalties imposed on them by markets regulator Sebi for various violations till last December. The defaulters include individuals as well as companies which failed to pay penalties levied on them by Sebi for various offences related to the securities market. Some of these cases are nearly two decades old.

  • Indore: SEBI imposes penalty of Rs 3 crore on Sayaji Hotels promoters

    Indore/New Delhi: Securities and Exchange Board of India has imposed a total penalty of Rs 3.15 crore on 32 entities, including several present and ex-promoters of Sayaji Hotels, for violating capital market norms. This includes norms pertaining to disclosure requirements.

  • Vodafone-Idea merger in final stage of approval says Telecom Secretary

    New Delhi: The merger plan of telecom operators Vodafone India and Idea Cellular is in the “final stage of approval”, Telecom Secretary Aruna Sundararajan said today. The mega merger has already received the green light from NCLT and markets regulator SEBI, and according to Sundararajan, the telecom department “is in the process of expediting it”.

  • Sebi bars Kotecha for 14 years from markets

    New Delhi : Sebi on Thursday imposed a 14-year ban from the securities market on Nirmal Kotecha as well as penalty worth over Rs 32 lakh with respect to fraudulent trades in Pyramid Saimira Theatre shares that happened nearly ten years ago.

  • Sebi to clamp down on erring auditors

    New Delhi : Market regulator Sebi is considering a new set of norms for auditors and other third-party fiduciaries in the securities market under which defaulters will face stringent penal actions, including ban on issuance of audit or valuation reports and disgorgement of unlawful gains and their fees.

  • Bank-backed brokerages to enter commodity derivatives space

    Mumbai : Bank-sponsored stock brokerages are gearing up to enter the commodity derivatives space, a move which is expected to mobilise retail investors for these products and help the markets grow manifold, say industry experts.

  • Sebi to link retail investors’ derivative play with income

    Trading turnover in derivative products has seen a sharp surge of 10-fold over the past decade, during which the ratio of trades in equity derivatives to that of equity cash market has risen to 15-times.

  • Bank denies appointment of PwC for audit

    Mumbai : Punjab National Bank on Friday denied reports that it appointed global firm PwC for forensic audit of accounts of Nirav Modi, accused in Rs 11,400 crore scam, in view of Sebi’s order against the audit firm.