Bhavini Mishra, Khushboo Tiwari

Stories by Bhavini Mishra, Khushboo Tiwari

Why Has Indigo Taken M&M To Court?

Why Has Indigo Taken M&M To Court?

Rediff.com   4 Dec 2024

'This case is not a good example of intellectual property strategy for either sector.'

Why SME players are a worried lot today

Why SME players are a worried lot today

Rediff.com   28 Nov 2024

Of the total 199 small and medium enterprises (SMEs) listed this year so far, 22 had an issue size of less than Rs 10 crore, which the Securities and Exchange Board of India (Sebi) will no longer allow in the listed ecosystem after its recent consultation paper. The market regulator on Tuesday proposed an overhaul of the rules governing the initial public offerings (IPOs) of SMEs and corporate governance norms for listed SMEs, following concerns over 'systemic risk' seen in the ecosystem with instances of fund diversion and price manipulation.

AIFs gain currency as fundraise tops Rs 5 trn

AIFs gain currency as fundraise tops Rs 5 trn

Rediff.com   27 Nov 2024

Alternative investment funds (AIFs) have crossed Rs 5 trillion in terms of funds raised, while the investment commitments have surpassed Rs 12 trillion for the first time as of September, according to data released by the Securities and Exchange Board of India (Sebi).

Could Adani Settle With US Accusers?

Could Adani Settle With US Accusers?

Rediff.com   23 Nov 2024

Though a settlement will provide respite from a long legal battle, legal experts say it may create a perception of guilt.

'I assure all shareholders of their fair share'

'I assure all shareholders of their fair share'

Rediff.com   2 Nov 2024

'Everything can be resolved, but my husband's legacy is not up for sale.'

MF licence aspirant list swells with new wave of AMCs ready to roll

MF licence aspirant list swells with new wave of AMCs ready to roll

Rediff.com   24 Oct 2024

India's thriving mutual fund (MF) industry is drawing interest from several firms, with multiple applications submitted to the Securities and Exchange Board of India (Sebi) for asset management company (AMC) licences.

6 Month Tenure For Next Chief Justice

6 Month Tenure For Next Chief Justice

Rediff.com   18 Oct 2024

Justice Sanjiv Khanna 'belongs to that school of legal luminaries who give the highest primacy to facts.'

Sebi intervenes in Rs 45 cr Trafiksol IPO irregularity

Sebi intervenes in Rs 45 cr Trafiksol IPO irregularity

Rediff.com   14 Oct 2024

The Securities and Exchange Board of India (Sebi) has intervened in the matter concerning alleged irregularities by Trafiksol ITS Technologies, which had come out with a Rs 45 crore initial public offering (IPO) last month. In an ex-parte order, the market regulator has said it will undertake a detailed examination into the disclosures made by the small and medium enterprise (SME) company in its draft offer document. BSE had halted the listing of Trafiksol, a software provider for traffic systems, amid complaints around use of the issue proceeds and wrongful disclosures.

Will Anna's Death Be A Wake-Up Call For India Inc?

Will Anna's Death Be A Wake-Up Call For India Inc?

Rediff.com   8 Oct 2024

'In India, managers and the leadership almost glorify overworking.'

Ace acquires another plane as Jet deal gets delayed

Ace acquires another plane as Jet deal gets delayed

Rediff.com   7 Oct 2024

Ace Aviation, which has been fighting Jet Airways for the acquisition of three Boeing B777 aircraft, said that it has acquired another aircraft for the conversion slot in early February 2025.

Supreme Court allows claiming input tax credit on construction expenses

Supreme Court allows claiming input tax credit on construction expenses

Rediff.com   5 Oct 2024

In a development that may encourage increased investment in commercial real estate, the Supreme Court on Thursday gave the industry relief by permitting input tax credit (ITC) on construction expenses for buildings meant to be leased. "If the construction of a building was essential for carrying out the activity of supplying services, such as renting or giving on lease or other transactions in respect of the building or a part thereof, which are covered by clauses (2) and (5) of Schedule II of the CGST (Central Goods and Services Tax) Act, the building could be held to be a plant," said Justice Abhay S Oka and Justice Sanjay Karol.

Sebi's six-step plan may shake up F&O volumes

Sebi's six-step plan may shake up F&O volumes

Rediff.com   3 Oct 2024

The Securities and Exchange Board of India's (Sebi's) six-step plan to curb retail participation in speculative index derivatives may lead to a substantial drop in volumes - potentially by 30-40 per cent. These measures aim to reduce excessive speculation in the futures and options (F&O) segment, where daily turnover often exceeds Rs 500 trillion and retail investors end up on the losing side of the trade more often. Sebi has decided to increase the contract size from Rs 5 lakh to Rs 15 lakh, raising margin requirements and mandating the upfront collection of option premiums from buyers.

Brokerages revise fee as true-to-label norms kick in

Brokerages revise fee as true-to-label norms kick in

Rediff.com   3 Oct 2024

Leading brokerages have revised their charges with the true-to-label norms by the Securities and Exchange Board of India (Sebi) kicking in from Tuesday.

Hyundai to Swiggy: Sebi nod for IPOs paves way for bumper festival season

Hyundai to Swiggy: Sebi nod for IPOs paves way for bumper festival season

Rediff.com   1 Oct 2024

The Securities and Exchange Board of India (Sebi) has given green light to several mega initial public offerings (IPOs) last week, paving the way for bumper launches during the ongoing festival season. According to the update on Sebi's website, Hyundai Motor India, which will be the country's largest IPO of nearly Rs 25,000 crore, received the observation letter from the market regulator on September 24. The regulator also gave the final observations on the offer documents of Vishal Mega Mart and Swiggy.

Sebi board okays new asset class, MF Lite rules

Sebi board okays new asset class, MF Lite rules

Rediff.com   1 Oct 2024

The Securities and Exchange Board of India (Sebi) on Monday approved the introduction of a new asset class, designed to offer greater flexibility to fund managers and target investors with a higher risk appetite. The markets regulator also cleared the liberalised Mutual Funds Lite (MF Lite) framework, aimed at fund houses that solely launch passively managed schemes. In another significant move, the board reduced the timeframe for rights issues from the current 317 working days to just 23.

Liquidation of Jet Airways only option, lenders tell SC

Liquidation of Jet Airways only option, lenders tell SC

Rediff.com   27 Sep 2024

Lenders of bankrupt airline Jet Airways, led by the State Bank of India (SBI), on Thursday told the Supreme Court that successful bidder Jalan Kalrock Consortium (JKC) was "unwilling" to pay the dues and that the "liquidation" was the only option left. The bench led by Chief Justice of India (CJI) DY Chandrachud was hearing the SBI-led consortium plea against the NCLAT's March order upholding ownership transfer of the bankrupt airline to JKC.

Bourses up vigil on SME IPOs: Mandate comprehensive financial disclosures

Bourses up vigil on SME IPOs: Mandate comprehensive financial disclosures

Rediff.com   26 Sep 2024

Stock exchanges have intensified vigil on Small and Medium Enterprise (SME) listings by mandating more comprehensive financial disclosures and enhanced monitoring of utilisation of issue proceeds from investment bankers, amid rising instances of dubious practices. Bourses - responsible for vetting initial public offering (IPO) documents and granting approvals to SMEs - have tightened norms in recent weeks with further measures planned for new filings to safeguard investor interests, sources said.

Over 93% retail traders lost money in F&O in three years, says Sebi

Over 93% retail traders lost money in F&O in three years, says Sebi

Rediff.com   24 Sep 2024

An analysis by the Securities and Exchange Board of India (Sebi) has revealed that retail traders remain at the wrong end of the stick when it comes to equity derivatives trading. About 93 per cent of them incurred an average loss of Rs 2 lakh (per trader) during the last three financial years. The new report highlights an increase in the loss-making individual investors in futures and options (F&O) to 91.1 per cent in FY24 compared to 89 per cent in FY22.

NRIs yet to fully warm up to GIFT City's higher FPI limits

NRIs yet to fully warm up to GIFT City's higher FPI limits

Rediff.com   20 Sep 2024

The Securities and Exchange Board of India (Sebi) has permitted 100 per cent contribution from non-resident Indians (NRIs) and overseas citizens of India (OCIs) in the corpus of foreign portfolio investors (FPIs) based out of Gujarat International Finance Tec-City (GIFT City), the country's international financial services centre (IFSC). However, the Indian diaspora is yet to fully embrace this new route. The regulator allowed this route to enhance the fund ecosystem at GIFT City and attract genuine investments from overseas Indians.

The Battle Of The Two Wills

The Battle Of The Two Wills

Rediff.com   20 Sep 2024

When there are two wills produced before the court, which one will be executed?