News for 'Madhabi Puri Buch'

T+0 settlement: Sebi for 2-phase implementation

T+0 settlement: Sebi for 2-phase implementation

Rediff.com30 Dec 2023

The Securities and Exchange Board of India (Sebi) is contemplating the implementation of a same-day settlement cycle, known as T+0, in two phases. This is seen as a preliminary step towards instantaneous settlement. The shorter T+0 settlement cycle is being considered for the equity cash segment as an optional mechanism, in addition to the current T+1 (Trade plus one day) cycle.

If govt has nothing to hide...: Cong on Shah's claim on Adani row

If govt has nothing to hide...: Cong on Shah's claim on Adani row

Rediff.com14 Feb 2023

...why are the government is running away from a Joint Parliamentary Committee

Market regulator Sebi lens on MF free float ownership in smallcaps

Market regulator Sebi lens on MF free float ownership in smallcaps

Rediff.com7 Mar 2024

The Securities and Exchange Board of India (Sebi) has asked fund houses operating smallcap funds with a large corpus to share data on their holdings in the total free float of smallcap stocks, according to sources. This is part of the stress tests that the regulator wants fund houses to undertake amid a surge in inflows into smallcap schemes and growing concerns about valuations. Free float refers to the quantum of freely available shares for trading on the stock market.

Events that shaped Indian businesses in 2024

Events that shaped Indian businesses in 2024

Rediff.com1 Jan 2025

Unprecedented bribery charges, farewells, separation, failed union, monumental mergers and record-breaking IPOs, along with a healthy dose of online happenings in the form of spat and lessons in customer care, corporate India saw it all in 2024.

Sebi mulls bringing in new expense structure for mutual funds

Sebi mulls bringing in new expense structure for mutual funds

Rediff.com8 Apr 2023

The Securities and Exchange Board of India (Sebi) is discussing with mutual funds (MFs) a proposal on introducing new total expense ratio (TER) slabs linked to the total equity and debt assets by replacing the current ones that are linked to assets of an individual scheme. Senior MF executives confirmed that Sebi had held discussions on this matter with AMCs. Such a change is expected to lead to a lower TER cap for bigger asset management companies (AMCs).

Securities transaction tax on F&O hiked from October 1

Securities transaction tax on F&O hiked from October 1

Rediff.com23 Jul 2024

Finance Minister Nirmala Sitharaman on Tuesday said the securities transaction tax (STT) will be increased on futures and options (F&O) trade from October 1 to discourage retail investors from investing in the risky instrument.

Ravneet Kaur: An IAS officer with varied experience

Ravneet Kaur: An IAS officer with varied experience

Rediff.com17 May 2023

The Appointments Committee of Cabinet has named Ravneet Kaur, a Punjab cadre IAS officer of 1988 batch, as chairperson of the Competition Commission of India (CCI). Kaur will hold the post for five years or until attaining the age of 65. She is the second woman to serve in an 'economic regulator' role after Madhabi Puri Buch, who was appointed chairperson of the Securities and Exchange Board of India last year and the first woman to head the country's chief national competition regulator.

Adani-Hindenburg saga: Over 12 entities involved in short-selling under Sebi lens

Adani-Hindenburg saga: Over 12 entities involved in short-selling under Sebi lens

Rediff.com20 Mar 2023

More than a dozen entities, both domestic and foreign, had come under the regulatory glare over alleged short-selling before and after the publication of the Hindenburg research report against Adani Group, two people familiar with the development said. The Securities and Exchange Board of India (Sebi), which is examining the rise in stock values of Adani Group in the past few years, is also scrutinising the trade data and trade pattern of these entities allegedly involved in short-selling and made significant profit. Enquiries in the trade pattern of these entities reflected a profit of over Rs 30,000 crore, pre- and post-Hindenburg saga, said one of the two people.

Sebi probing smallcaps a warning bell for microcaps; time to exit: Analysts

Sebi probing smallcaps a warning bell for microcaps; time to exit: Analysts

Rediff.com20 Mar 2024

Micro-cap stocks are in the line of fire as market regulator Securities and Exchange Board of India (Sebi) is tightening its noose around investment in small-cap stocks. Given this, analysts suggest investors exit the segment, at least, for the time being. Independent market analyst, Ambareesh Baliga, for instance, said that regulators have gotten worried on the valuation front, though belated, which could prove to be the last straw on the camel's back.

How To Curb Speculation In F&Os

How To Curb Speculation In F&Os

Rediff.com13 Jul 2024

'Sebi had no problem with derivatives until trading exploded after Covid.' 'But now, having built a dangerous road, from which different entities, mainly governments, are extracting a heavy toll, Sebi is concerned that people are driving on it in much greater numbers,' explains Debashis Basu.

Sebi's daily transfer diktat to further pinch brokers

Sebi's daily transfer diktat to further pinch brokers

Rediff.com7 Feb 2023

The Securities and Exchange Board of India (Sebi) has proposed measures mandating daily upstreaming of all investor funds from stockbrokers to clearing corporations (CCs). The step, aimed at reducing risk on client funds, will further deplete brokers' revenues as they will lose interest income with transfers being done daily. At present, stockbrokers convert the surplus funds into bank guarantees (BG) or fixed deposit (FD) receipts which earns them extra income.

NSE indefinitely defers the internal limit for trading hour extension

NSE indefinitely defers the internal limit for trading hour extension

Rediff.com13 Dec 2023

The National Stock Exchange (NSE) of India is going to indefinitely defer the internal deadline set for extending trading hours, according to sources in the know. The exchange aimed to introduce a three-hour evening session exclusively for index derivatives by March 2024, contingent upon regulatory clearance from the Securities and Exchange Board of India (Sebi). Sources indicate that the market regulator has not provided a favourable indication, dimming optimism surrounding the proposal.

Adani charges: Cong seeks probe, BJP questions timing

Adani charges: Cong seeks probe, BJP questions timing

Rediff.com21 Nov 2024

With billionaire Gautam Adani charged in the United States with alleged bribery and fraud, the Congress on Thursday said it 'vindicates' its demand for a Joint Parliamentary Committee investigation into the various 'scams' involving his conglomerate.

Sebi orders forensic audit of 3 suspected shell firms

Sebi orders forensic audit of 3 suspected shell firms

Rediff.com14 Sep 2017

Sebi has asked exchanges to appoint independent auditors to conduct forensic audit of these firms for verification, including their credentials/financials.

Brokers target March-end for secondary mkt ASBA

Brokers target March-end for secondary mkt ASBA

Rediff.com7 Jan 2024

Investors may have to wait a little longer for Unified Payments Interface (UPI)-based block mechanism in the secondary market even as the market regulator has set the effective launch date as January 1, 2024. Several brokerage firms said they may take a few months more to implement it. Investors will be able to register for this facility only if the stock broker has opted for the UPI block facility.

MFs Expect Sebi To Tighten Norms Further

MFs Expect Sebi To Tighten Norms Further

Rediff.com2 Apr 2022

'Looking at the speed at which changes were made post the Franklin Templeton issue, we are awaiting more stricter norms in the months to come.'

Allegro Capital barred from mkts for insider trading in Biocon shares

Allegro Capital barred from mkts for insider trading in Biocon shares

Rediff.com9 Jul 2021

Sebi has barred Allegro Capital and one of its senior executives from the securities market for one year in a case related to alleged insider trading activities in the shares of Biocon. Besides, the market watchdog has directed them to disgorge wrongful gains along with interest. The amount would be more than Rs 24 lakh. Allegro Capital and its director as well as major shareholder Kunal Ashok Kashyap have been fined Rs 10 lakh each, according to an order by Sebi dated July 8.

Sebi didn't dilute NSE orders, acted as per remit: Tyagi

Sebi didn't dilute NSE orders, acted as per remit: Tyagi

Rediff.com2 Mar 2022

Days after the government went public with its intent to examine a Sebi order in the NSE matter, its outgoing chairman Ajay Tyagi on Wednesday made it clear that the markets regulator did not "dilute" any of the quasi-judicial verdicts. The comments assume significance as they come after Finance Minister Nirmala Sitharaman, as per reports, recently said the government is examining if Sebi has taken "necessary punitive" action in the case. In a media interview, the FM had said the government was analysing if there had been "enough application of mind in dealing with this" and if after applying its mind, Sebi took adequate corrective steps.

90% Retail Investors Lose Money

90% Retail Investors Lose Money

Rediff.com5 Jan 2024

Only the top 5 per cent profit makers account for 75 per cent of profits.

Search on for new wholetime member at Sebi

Search on for new wholetime member at Sebi

Rediff.com5 Feb 2018

Likely to select from 3 shortlisted; follows Sanjeev Kaushik's refusal to take the job if made to retire from IAS

Former NSE chairman Chawla had revealed yogi's identity to Sebi in 2018

Former NSE chairman Chawla had revealed yogi's identity to Sebi in 2018

Rediff.com3 Mar 2022

The mysterious Himalayan 'yogi' who allegedly advised Chitra Ramkrishna, former managing director and chief executive officer of the National Stock Exchange (NSE), on important matters of the bourse could be none other than Anand Subramanian, according to a letter written by former NSE chairman Ashok Chawla to the Securities and Exchange Board of India (Sebi). Subramanian was group operating officer of the NSE and advisor to Ramkrishna during 2015-16. He joined as chief strategic advisor in April 2013.

Women Leaders: A Way To IPO Success?

Women Leaders: A Way To IPO Success?

Rediff.com10 Jan 2023

Indian society may be more advanced than we think it is, notes Ajit Balakrishnan.

Why is Sebi hesitant to ban retail algos despite obvious illegalities?

Why is Sebi hesitant to ban retail algos despite obvious illegalities?

Rediff.com21 Sep 2022

Because they have become too big and pervasive and the time to regulate is long gone, points out Debashis Basu.

Sebi And Phenomenon of Confusing Rules

Sebi And Phenomenon of Confusing Rules

Rediff.com2 Jun 2022

Since 2016, Sebi has made many rules to prevent unauthorised trading by stockbrokers. Yet, one comes across dozens of cases of blatant overtrading in client accounts, every year, leading to massive losses to investors, observes Debashis Basu.

Biocon chief: Sebi's insider trading laws need an overhaul

Biocon chief: Sebi's insider trading laws need an overhaul

Rediff.com26 Jul 2021

When Biocon chairperson Kiran Majumdar-Shaw - well known for raising issues ranging from lack of civic services in Bengaluru to climate change - decided to take on the Indian stock market regulator, the Securities and Exchange Board of India (Sebi), she forced the Indian corporate world and legal community to take notice. In an interview to Business Standard, Majumdar-Shaw called a Sebi order to impose a fine on insider trading charges against a Biocon employee and an external consultant an "Agatha Christie" fiction, which destroyed the reputation of "innocent people". "The order is pure harassment and has caused huge reputational damage to us and goes against the principles of good governance promised by this government," Mazumdar-Shaw said. "We will certainly appeal this," she added.

'Crypto is serious threat to financial stability'

'Crypto is serious threat to financial stability'

Rediff.com11 Mar 2024

'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'

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