The story of Sahara India Pariwar founder Subrata Roy, who died in Mumbai on November 14 aged 75, is the stuff of movies - of a spectacular rise and an equally spectacular fall. Born in Araria, Bihar, Roy was 30 when he set up Sahara in 1978. He started with a capital of about Rs 2,000, a peon, a clerk and his father's Lambretta scooter in Gorakhpur, eastern Uttar Pradesh, writes Tamal Bandyopadhyay in his 2014 book, Sahara: The Untold Story. Sahara was not his first venture.
Finance Minister P Chidambaram said on Monday he was concerned over inflow of funds into the stock exchanges from unregistered entities.
Japan's main market for emerging technology companies is in talks with the Bombay Stock Exchange for an alliance that could lead to Indian companies listing on its board in Tokyo.
Small stakeholders' participation matters; could prevent firms from taking bad calls.
Sahara group claims that it has directly paid back most of the investors and the total outstanding liability is less than Rs 5,120 crore (Rs 51.2 billion) already given to Sebi towards refund.
The Securities and Exchange Board of India (Sebi) on Friday banned Mumbai-based high net worth individual Sanjay Dangi and promoters related to him from dealing in equity markets. Promoters and promoter entities of Murli Industries Ltd, Ackruti City Ltd, Welspun Corp Ltd, and Brushman India Ltd have been barred from trading in their own and group companies' shares.
The last round of placements at the Institute of Company Secretaries of India (ICSI) in Delhi and Mumbai, this year, saw financial bigwigs like the Securities and Exchange Board of India, the Bombay Stock Exchange and top notch companies recruit students at an average pay package of Rs 4-4.5 lakh per annum, with the highest package hovering around Rs 7 lakh.
Finance Secretary Ashok Chawla, in an impromptu chat with reporters, sided with Sebi, while Planning Commission Deputy Chairman Montek Singh Ahluwalia cited the spat to make a case for setting up a Financial Development and Stability Council (FSDC).
IDR listing norms are to be changed to attract foreign companies and to make BSE more competitive.
The Satyam Computer board plans to invite bids for a strategic investor in the next few days and expects to garner a healthy amount as investment, company chairman Kiran Karnik said on Monday.
The Securities and Exchange Board of India has asked the Bombay Stock Exchange and National Stock Exchange to provide data of scrips traded on April 10 to analyse the reasons for the crash of the information technology scrips on that day.\n\n\n\n
The government said on Tuesday it has advised capital market regulator Securities and Exchange Board of India to make regulations for investment advisors.
The Vedanta chief also appeared confident that the deal to acquire a majority stake in Cairn India, promoted by Edinburgh-based Cairn Energy Plc, would soon receive the approval of the government.
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.
After raising Rs 1,600 crore through an initial public offer in August, the Hyderabad-based company on October 4 terminated the services of Gurumani four years ahead of the expiry of contract and named M R Rao as his successor. Gurumani had a five-year contract starting from April 1, 2009.
Prior to this assignment, he held the position of chief general manager in Reserve Bank of India and was heading the department of banking operations and development. During his stint in the RBI, he has had a wide experience in regulatory and other functions.
The company's accounts were audited by CAG as its shareholders include public sector banks.
This would help investors to get a fair understanding of the companies, Sebi chairman, C B Bhave said while launching independent equity research by Crisil in Mumbai on Tuesday.
Reliance Industries' programme to buy back its shares, which was decided at the December 27 board meeting in the face of opposition from vice-chairman Anil Ambani
Securities and Exchange Board of India may soon launch a full-fledged investigation into the alleged violation of mutual funds regulations by JM Mutual Fund while dealing in government securities.
Sebi's remarks assume importance as the benchmark equity index, Sensex, has surged by over 75 per cent this fiscal to 16,998.78 points.
The new rule follows the recommendations of the Association of Mutual Funds in India's Working Group on Standardisation of Key Operational Areas, a circular by Sebi said in Mumbai on Tuesday evening.
Nagendar Parakh, the senior-most chief general manager of Sebi, filed a petition in the Mumbai High Court on May 3 challenging Sebi's decision of denying him a promotion as an executive director even while junior officers were being elevated.
The proposal to scrap 'indicative portfolios' has arisen because investors have sometimes found deviations of as much as 80 per cent between the indicative and actual portfolios. In some cases, the entire corpus has been invested in a single instrument. Sebi will also consider Amfi's suggestion of a 3 to 6 per cent exit load for FMPs, a minimum tenure of three months and a faster processing of redemption payouts,
Securities and Exchange Board of India would soon initiate action against those responsible for May 17 stock market crash
The bank expects Securities and Exchange Board of India approval for its proposed asset management company in the next few days, Raman said, adding once the approval is secured, the bank expects to start operations of the AMC in a couple of months.
In a move to revamp corporate governance practices, Securities and Exchange Board of India will look afresh at the issue of number of company directorships that a person could hold.
In a move to revamp corporate governance practices, Securities and Exchange Board of India will look afresh at the issue of number of company directorships that a person could hold.
Securities and Exchange Board of India will introduce T+2 rolling settlement cycle from April 1 to reduce risks in the capital market and protect investors' interest.
A six-member jury headed by former Securities and Exchange Board of India chairman M Damodaran will declare the winner of the award for 2009 on February 16 in Mumbai.
The Investors' Grievances Forum on Wednesday charged the Reserve Bank of India with continued cover-up operation in the IPO scam instead of nailing down the scamsters.
Feeder funds may well be the next big thing for Indian investors looking at opportunities abroad. "Several top funds are working on launching feeder funds schemes.
Regulators have to essay a facilitating role while simultaneously ensuring that rules are simple, easy to understand and help in orderly conduct by corporates, the Securities and Exchange Board of India chairman M Damodaran said.
One only hopes that the SEBI will take measures to encourage participation from the retail investor.
Companies are looking to combine risk management with strategy.
This will pave the way for Kapil Puri to expand Spanco Telesystems, the business process outsourcing and telecommunication services company that he set up after partly exiting Sparsh. Puri is slated to receive around Rs 35 crore (Rs 350 million) from the sale of his stake, which will take place at around Rs 200 per share. This includes a premium as against the existing ruling price of Rs 150 per share.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances