News for '-investor-protection'

Jet-Etihad deal stuck on investor protection pact

Jet-Etihad deal stuck on investor protection pact

Rediff.com19 Mar 2013

India, UAE yet to conclude bilateral investment promotion and protection agreement.

Sebi to notify investors' protection scheme terms

Sebi to notify investors' protection scheme terms

Rediff.com14 Feb 2009

Market regulator Securities and Exchange Board of India is expected to notify the provisions of investor group protection scheme within a month, a Sebi member said in Ahmedabad on Saturday.

NSE cautions investors against 'dabba' trading

NSE cautions investors against 'dabba' trading

Rediff.com10 Apr 2023

The National Stock Exchange (NSE) on Monday cautioned investors against some fraudsters running illegal dabba trading with guaranteed returns to investors. Dabba trading is an illegal form of trading in shares, where operators of such trading rings allow people to trade in equities outside the stock exchange platform. The cautionary statements came after NSE found that the entities -- Shri Parasnath Commodity Private Limited, Shri Parasnath Bullion Private Limited, Faary Tale Trading Private Limited and Bharat Kumar (associated with Trade with Trust) --were providing dabba or illegal trading platform with assured returns.

In a first, Sebi mulls rules for fractional ownership in real estate

In a first, Sebi mulls rules for fractional ownership in real estate

Rediff.com22 May 2023

The Securities and Exchange Board of India (Sebi) has for the first time proposed to regulate online platforms offering fractional ownership in real estate, a model already popular in countries like the United States and UAE. In a consultation paper floated recently, the capital markets regulator stated that such fractional ownership of real estate assets was proposed to be brought as MSM (micro, small, medium) REITs under Sebi (Real Estate Investment Trusts) Regulations. This model allows investors to own a fraction or a small share in a real estate asset like buildings and office spaces, which could include warehouses, shopping centres, conference centres.

Making Debt MFs Safer For Investors

Making Debt MFs Safer For Investors

Rediff.com16 Aug 2023

Fund managers often find themselves selling bonds at prices below their fair value to meet redemption demands. Investors are the ultimate losers in this. CDMDF aims to remedy this by stepping in and purchasing securities at their fair value in such times.

Finfluencers: Real Or Fake Experts?

Finfluencers: Real Or Fake Experts?

Rediff.com27 Jul 2023

A mass fan following or a large number of views on a YouTube channel can't possibly constitute 'credentials'.

Sebi opens doors for MF investment platforms to charge transaction fee

Sebi opens doors for MF investment platforms to charge transaction fee

Rediff.com21 Dec 2022

Online mutual fund (MF) investment platforms like Groww, Zerodha Coin and Paytm Money, which allow investments in direct MF schemes for free, will soon be able to charge their customers or the fund houses for executing transactions. "They can charge some money but commission-like structure won't be allowed," Madhavi Puri Buch, chairperson of the Securities and Exchange Board of India (Sebi), said on Tuesday. At present, none of these online investment platforms generate any revenue through the MF sales.

Sebi issues Rs 3.12-cr demand notice to NSE's ex-boss Chitra Ramkrishna

Sebi issues Rs 3.12-cr demand notice to NSE's ex-boss Chitra Ramkrishna

Rediff.com24 May 2022

Capital markets regulator Sebi on Tuesday sent a notice to NSE's former chief Chitra Ramkrishna asking her to pay Rs 3.12 crore in a case related to governance lapses at the stock exchange, and warned of arrest and attachment of assets and bank accounts if she fails to make the payment within 15 days. The notice came after Ramkrishna failed to pay the fine imposed on her by the Securities and Exchange Board of India (Sebi). In an order dated February 11, Sebi had slapped a penalty of Rs 3 crore on Ramkrishna for alleged governance lapses in a case related to the appointment of Anand Subramanian as the Group Operating Officer and Advisor when she was at the helm of NSE as its managing director and chief executive officer, as well as for sharing confidential information of the company with an unidentified person.

28 unicorns created in India this year: FM

28 unicorns created in India this year: FM

Rediff.com7 Oct 2021

The Indian economy has witnessed the creation of 28 unicorns, or startups valued over $1 billion, this year on the back of a series of reforms unleashed by the government, Finance Minister Nirmala Sitharaman said. Addressing a virtual conference organised by the Indian Private Equity and Venture Capital Association (IVCA), the minister said the Indian economy has witnessed a spur of unprecedented growth in the form of startups in the last two decades. The Department for Promotion of Industry and Internal Trade (DPIIT) has recognised more than 56,630 startups across districts throughout India, IVCA said in a statement quoting the finance minister.

Sebi comes out with investor charter

Sebi comes out with investor charter

Rediff.com17 Nov 2021

Market regulator Sebi on Wednesday came out with investor charter for investors in securities market which aims at protecting investors' interest. The charter includes rights and responsibilities of investors and dos and don'ts of investing in securities market, as per a public notice. The vision of the investor charter is "to protect the interests of investors by enabling them to understand the risks involved and invest in a fair, transparent, secure market, and to get services in a timely and efficient manner."

Mutual Funds' Rs 100 Trillion Opportunity

Mutual Funds' Rs 100 Trillion Opportunity

Rediff.com23 Mar 2023

Despite strong AUM growth, MFs lag behind other popular investment avenues. MFs received only 6 per cent of total household savings in 2021-2022.

KochharGate: A Litmus Test For CBI

KochharGate: A Litmus Test For CBI

Rediff.com9 Jan 2023

In Chanda's defence, one can always say, why would the Videocon Group take care of her husband as a quid pro quo to get a loan? After all, the group has taken money from the entire banking industry and ICICI Bank's share in the pie is not even 10 per cent. So, if it had a quid pro quo with Chanda to get the money, it must have had similar arrangements with other banks, too. If this is not the case, one must accept that it had got money from all banks, including ICICI, without any under-the-table conditions, points out Tamal Bandyopadhyay.

Bill on crypto currencies likely in winter session of Parliament

Bill on crypto currencies likely in winter session of Parliament

Rediff.com15 Nov 2021

The government is likely to introduce a bill on crypto currencies during the winter session of Parliament beginning November 29, amid concerns over such currencies being allegedly used for luring investors with misleading claims and for funding terror activities, sources said on Monday. Currently, there are no particular regulations or any ban on use of crypto currencies in the country. Against this backdrop, Prime Minister Narendra Modi, on Saturday, held a meeting on the crypto currencies with senior officials and indications are that strong regulatory steps could be taken to deal with the issue.

'If I file revised return, will I get IT enquiry?'

'If I file revised return, will I get IT enquiry?'

Rediff.com9 Sep 2022

Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.

'A ban would stop all innovations in cryptocurrencies in India'

'A ban would stop all innovations in cryptocurrencies in India'

Rediff.com9 Dec 2021

'Any entrepreneur who wants to create companies on blockchain will have to move outside India.' 'A ban will also wipe out the entire asset investing class that has built up in India.'

74% FDI in insurance gets Cabinet nod

74% FDI in insurance gets Cabinet nod

Rediff.com10 Mar 2021

The Union Cabinet on Wednesday gave its nod for amendments in the Insurance Act, paving way for 74 per cent foreign direct investment in the sector. Currently, the permissible FDI limit in the life and general insurance stands at 49 per cent with ownership and management control with Indian. According to sources, the Cabinet in its meeting has approval for amendments in the Insurance Act, 1938.

Govt proposes to introduce single securities mkt code

Govt proposes to introduce single securities mkt code

Rediff.com1 Feb 2021

The proposed move would help in cutting down compliance costs and reducing the friction between rules enacted by capital markets watchdog Sebi, depositories and government, experts said.

Betrayal of salaried, middle classes: Opposition decries Budget 2022

Betrayal of salaried, middle classes: Opposition decries Budget 2022

Rediff.com1 Feb 2022

Party leader Rahul Gandhi dubbed the Union Budget as a 'zero-sum budget', saying it has nothing for the salaried, middle class and the poor.

NSE IFSC to introduce trading in US stocks

NSE IFSC to introduce trading in US stocks

Rediff.com9 Aug 2021

The NSE International Exchange (NSE IFSC) on Monday said trading in select US stocks will soon be facilitated through its platform. The Exchange will soon announce the operational details and will launch the product at the earliest possible time, NSE IFSC said in a statement. It further said depositories, banks and brokers have already started working with NSE IFSC to enable these investment products for Indian investors.

'MFs are a very good story. We want to nurture it'

'MFs are a very good story. We want to nurture it'

Rediff.com13 Dec 2021

'They have helped stabilise our market by acting as a counterbalance to foreign funds.'

Himalayan yogi influenced former NSE MD's decisions: Sebi order

Himalayan yogi influenced former NSE MD's decisions: Sebi order

Rediff.com12 Feb 2022

Ramkrishna gave 'frequent, arbitrary and disproportionate' increase in compensation to Subramanian when there was no evidence of any performance evaluation being done for him and nor was there any evidence to satisfy the rating of A+ given to him for giving such high increment.

Crypto industry asks govt to not rush with ban, take 'nuanced approach'

Crypto industry asks govt to not rush with ban, take 'nuanced approach'

Rediff.com24 Nov 2021

The cryptocurrency industry on Wednesday urged the government to take a nuanced approach towards regulating crypto assets in India and asked investors in the country to remain calm and not arrive at a rushed conclusion, a day after the government listed for introduction a Bill to ban all such cryptocurrencies, with some exceptions.

Tribunal stays Sebi ban on Franklin Templeton's Kudvas

Tribunal stays Sebi ban on Franklin Templeton's Kudvas

Rediff.com2 Jul 2021

The Securities Appellate Tribunal has stayed a Sebi order that barred Franklin Templeton's Asia Pacific head Vivek Kudva and his wife Roopa from the securities market for one year.

Why are the Rich Leaving India?

Why are the Rich Leaving India?

Rediff.com16 Aug 2021

'For HNIs, shifting economic activities outside India by creating regional hubs for businesses is a better option.'

Karvy declared defaulter by NSE for misuse of clients' securities

Karvy declared defaulter by NSE for misuse of clients' securities

Rediff.com25 Nov 2020

The total default is said to be in excess of Rs 3,000 crore - making this the largest default by a broker.

'India, US investment treaty will help trade'

'India, US investment treaty will help trade'

Rediff.com25 Sep 2012

The US and Indian governments are actively engaged in Bilateral Investment Treaty negotiations.

Sebi bars Franklin Templeton from launching new debt schemes for 2 years

Sebi bars Franklin Templeton from launching new debt schemes for 2 years

Rediff.com7 Jun 2021

Sebi on Monday barred Franklin Templeton AMC from launching any new debt scheme for two years and fined it Rs 5 crore for violating regulatory norms in the case of winding up of six debt schemes in 2020. Also, it has been asked to refund investment management and advisory fees to the tune of Rs 512 crore, including interest, collected with respect to the six debt schemes, Sebi said in its 100-page order. In a separate order, the regulator has barred Vivek Kudva, former head of Asia Pacific (APAC) for Franklin Templeton, and his wife Roopa from the securities market for one year for redeeming units of Franklin Templeton MF schemes while in possession of non-public information.

Survey exhorts rating agencies to be more transparent

Survey exhorts rating agencies to be more transparent

Rediff.com29 Jan 2021

India's sovereign credit ratings do not reflect the economy's fundamentals, the Economic Survey said on Friday and nudged the global agencies to become more transparent and less subjective in their ratings. The Economic Survey 2020-21, tabled in Parliament, said that sovereign credit ratings methodology must be amended to reflect economies' ability and willingness to pay their debt obligations, and suggested that developing economies must come together to address this bias and subjectivity inherent in sovereign credit ratings methodology. "Never in the history of sovereign credit ratings has the fifth largest economy in the world been rated as the lowest rung of the investment-grade (BBB-/Baa3). While sovereign credit ratings do not reflect the Indian economy's fundamentals, noisy, opaque and biased credit ratings damage FPI flows," the survey said.

Stock exchanges will face penalties for tech glitches: Sebi

Stock exchanges will face penalties for tech glitches: Sebi

Rediff.com5 Jul 2021

Stock exchanges and other market infrastructure institutions as well as their top officials are liable to face penalties for lapses in handling and recitfying technical glitches, with Sebi putting in a place a stricter compliance system driven by "financial disincentives". The markets watchdog has come out with a detailed Standard Operating Procedure (SOP) for Market Infrastructure Institutions (MIIs) less than five months after a technical glitch halted trading at the country's largest bourse NSE for nearly four hours. There will be a "financial disincentives" structure for MIIs -- stock exchanges, clearing corporation and depositories -- for any business disruption beyond pre-defined time, according to a circular issued on Monday.

Sebi has its hands full, as BMA Wealth investors demand Karvy-like refund action

Sebi has its hands full, as BMA Wealth investors demand Karvy-like refund action

Rediff.com10 Dec 2019

BMA's clients allege that depository firm CDSL and stock exchanges did not act on their complaints, prompting them to protest before Sebi. They say their shares have been transferred to a pool account without their knowledge and have been used to avail loans. Clients alleged that BMA has pledged their securities with a leading private bank, who could have sold their holdings.

SBI orders forensic audit of Jet's accounts

SBI orders forensic audit of Jet's accounts

Rediff.com15 Dec 2018

Jet has come under regulatory scrutiny twice this year.

All IPO disclosures legally binding on companies: Sebi

All IPO disclosures legally binding on companies: Sebi

Rediff.com3 Dec 2012

Company needs to fulfil them even if they were made inadvertently.

Stock market regulation: India slips to 62nd in global ranking

Stock market regulation: India slips to 62nd in global ranking

Rediff.com8 Sep 2014

The country, last year, stood at the 27th spot for effective regulation and supervision of securities exchanges.

Sebi probes crash in mid-caps

Sebi probes crash in mid-caps

Rediff.com6 Oct 2018

Operator syndicate could be behind stock hammering, suspects regulator.

Act fast if your broker is shutting shop

Act fast if your broker is shutting shop

Rediff.com6 May 2016

Investors must withdraw funds, open a new trading account and transfer assets.

Sebi warns investors on risky market

Sebi warns investors on risky market

Rediff.com14 Jan 2011

The Chairman of Securities and Exchange Board of India (SEBI) C B Bhave on Friday alerted investors about the risky capital market.

Options trading in currency derivatives soon

Options trading in currency derivatives soon

Rediff.com21 Sep 2010

Stock Exchagnes in the country will be launching Options in Currency Derivatives very soon, Securities and Exchange Board of India Chairman, C B Bhave said on Tuesday.

Exchanges need to change mindset: BSE chief

Exchanges need to change mindset: BSE chief

Rediff.com29 Sep 2014

BSE needs to shift focus from trading to capital raisin

Convertible debt: Cos must give info to bourses

Convertible debt: Cos must give info to bourses

Rediff.com23 Jun 2009

Commenting on the Sebi's direction, Taurus Mutual Fund managing director R K Gupta said the companies coming out with these instruments will have to meet disclosure norms as per the listing agreement with Sebi like coming out with quarterly results and other price-sensitive information.

Doing business: Pak, B'desh better than India

Doing business: Pak, B'desh better than India

Rediff.com9 Sep 2009

India has slipped a notch to 133 in the Doing Business Index, indicating business environment in the country has become tougher during the year as compared to other nations.