The Securities and Exchange Board of India (SEBI) is reportedly probing alleged irregularities in the management and investment practices of Quant Mutual Fund. A search and seizure operation was conducted at locations in Mumbai and Hyderabad, according to a Moneycontrol report. Quant dealers and people connected with the case were questioned on Friday, the report … Read more
New KYC changes effective from 1st April 2024 are critical for investors to understand to ensure their future and existing investments remain unhindered. The new rules mean that investors with verified or registered KYC status can continue transactions with existing mutual funds and brokers and face no restrictions. However, their KYC is considered incomplete until … Read more
Mumbai: The capital market authorities are understood to be examining a ‘pledge-repledge mechanism’ to meet the twin objectives of ring-fencing unused investor money lying with the stock brokers while simultaneously letting them earn from the float. Since earnings from unutilised money of clients comprise a significant part of the income of many brokers, there has … Read more
While wondering how crypto brokers and exchanges expose customers to unlimited risk, Zerodha co-founder Nithin Kamath in a tweet said that India’s capital market infrastructure and regulations are the best in the world. “Our capital market infrastructure & regulations don’t get enough credit for being among the best in the world. It is crazy & … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) is considering an ambitious plan to alter the payment mechanism in stock market trades. The markets regulator is discussing with market infrastructure intermediaries the possibility of implementing a system that will result in money effectively leaving an investor‘s bank account only after a trade is completed, … Read more
Mobikwik, a digital payments platform, and Fino Payments Bank, which have received the regulatory nod for their IPOs, are yet to see trader interest yet, said brokers. Synopsis Punters in the unofficial grey market are being choosy about trading in the unlisted shares of IPO-bound new-age businesses. Online beauty and wellness retailer Nykaa and PB … Read more
In May, Sebi had issued a consultation paper on the proposed exchange for trading in digital gold, and final regulations should be published soon. Synopsis The Securities and Exchange Board of India (Sebi) plans to regulate online trades in digital gold now sold by various fintech firms and brokerages, two people with direct knowledge of … Read more
Investors and brokers have been grappling with the chaos triggered by the implementation of the new norms on pledging and unpledging of shares introduced by the Securities and Exchange Board of India (Sebi). ET takes a look at what caused the confusion and the ensuing events: What is the new pledge system?Sebi recently introduced a … Read more
NEW DELHI: Escalating tensions between the US and China, a record spike in Covid-19 cases in India and market fatigue following a non-stop rally dragged the domestic equity indices into the red on Monday. Private lenders were dealt the biggest blow, as investors dumped their stocks. ICICI Bank was the biggest loser, down over 6 … Read more