Free Press Journal
  • SEBI mulls 10% cross-shareholding cap in MFs

    New Delhi : To avoid a potential conflict of interest, market regulator SEBI is considering to put a 10% cross-shareholding cap in mutual funds, senior officials told the PTI on Wednesday. The new measure may have an impact on the shareholding pattern of UTI Asset Management Company (AMC). State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB) and Life Insurance Corporation (LIC) have their own mutual funds and

  • Sebi plans to revisit directive on loan default disclosure

    New Delhi: Markets regulator Sebi is considering to revisit its directive on ‘loan default disclosure’, which will make it mandatory for listed companies to inform stock exchanges about such issues as soon as they occur.

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    Sebi conducts ‘search and seizure’ in WhatsApp leak case

    New Delhi: In a major crackdown against leak of price sensitive information about listed firms, market watchdog Sebi today conducted searches at premises of more than 30 market analysts and dealers and seized documents, computers, mobiles and laptops. The searches follow a probe into circulation of unpublished price sensitive information about various listed companies, including some blue chips, through WhatsApp messages and social media chatrooms.

  • Global regulatory trends could impact MF’s growth: Mahalingam

    Mumbai : Securities and Exchange Board of India (SEBI) Whole Time Member G Mahalingam cautioned the mutual fund industry that global regulatory trends could impact the future growth of the asset management companies (AMCs).

  • Additional payout of Rs 891 cr to ex-minority Essar Oil shareholders

    Mumbai : After multiple extensions from Sebi and four months after the closure of USD 13-billion sale of Essar Oil to the Russian giant Rosneft, the promoters on Tuesday announced a payout of Rs 891 crore to erstwhile minority shareholders of the company.

  • Sebi may reduce listing time to four days: Tyagi

    Mumbai: The markets watchdog Sebi is planning to make the initial public offering (IPO) process easier and faster by simplifying the entire procedures with a focus on reducing the listing time to four days from six now.

  • SEBI fines Tata Steel for late disclosure

    Mumbai : Markets regulator SEBI on Thursday imposed a penalty of Rs 10 lakh on Tata Steel for a delay in making necessary disclosures about its increased shareholding in a group firm, Tinplate Company of India Limited.

  • CIS: Sebi gives 2 more months to Anmol India to repay investors

    New Delhi, Cracking the whip on illegal investment schemes in the guise of plant cultivation and animal rearing, Sebi today directed Anmol India Agro-Herbal Farming & Dairies Care Company and its directors to repay money to investors within a maximum two months.

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    Reliance General Insurance gets final observation letter from SEBI

    Mumbai: Reliance General Insurance Company Ltd on Thursday said securities market regulator Securities and Exchange Board of India (SEBI) has issued its final observation letter to the draft red herring prospectus (DRHP) filed by it. The DRHP was dated October 9, 2017.

  • Municipalities may raise Rs 6,000 cr from bonds by FY20

    Mumbai: Municipalities are likely to raise Rs 6,000 crore through bonds over the next three fiscal years–more than four-times of what they had mopped in the past two decades, says a report.

  • Sebi bans Abyss Assam Real, others from capital markets

    New Delhi : Regulator Sebi has barred Abyss Assam Real Estate and its directors from the markets for four years and asked them to refund the money raised from investors without complying with the public issue norms.

  • Congress guns for Gujarat CM Rupani in SEBI case of manipulative share trading

    Gandhinagar: Congress Vice President Rahul Gandhi on Thursday took a dig at Prime Minister Narendra Modi over a report that says SEBI had imposed penalties on several entities, including Gujarat Chief Minister Vijay Rupani’s family, for “manipulative trading in shares.” “Na khaunga, na khane dunga ki kahani. Shah-zada, Shaurya aur ab Vijay Rupani (Another story of ‘will not be corrupt myself, nor allow others to be’),” Gandhi tweeted.

  • Clarification sought on IPO plans of 10 cos

    New Delhi : Markets regulator Sebi has sought clarifications from merchant bankers of 10 firms, including Lemon Tree Hotels and CMS Info Systems, regarding their proposed initial public offers (IPOs).

  • Sebi orders forensic audit of Pacific Finstock

    New Delhi, Markets regulator Sebi has ordered forensic audit of Pacific Finstock Ltd (PFL) after finding prima facie evidence of misrepresentation of financials by it. PFL is among the firms against which Sebi initiated action on August 7 by ordering trading restrictions, following receipt of a list of 331 suspected shell companies from the government.

  • Sebi bats for physical delivery in commodity derivative deals

    The first preference of settlement type shall always be by the way of physical delivery, the market regulator said in a circular. Cash settlement route would be considered in case physical delivery is difficult to implement, it added.

  • Supreme Court to hear Sahara-SEBI case today

    New Delhi: The Supreme Court will today hear the Sahara-SEBI case. Earlier on Tuesday, the Securities and Exchange Board of India (SEBI) moved the top court, seeking contempt proceedings against the Sahara Group for allegedly obstructing the process of auctioning its Aamby Valley property in Pune, initiated on court’s direction.

  • Aamby Valley case: SEBI moves SC seeking contempt

    New Delhi : The SEBI on Tuesday moved the Supreme Court seeking contempt proceedings against the Sahara Group for allegedly obstructing the process of auctioning its Aamby Valley property in Pune, initiated on court’s direction.