The Securities and Exchange Board of India (Sebi) Chairman Tuhin Kanta Pandey on Saturday said that the framework for Electronic Gold Receipts (EGRs) may need a review while acknowledging that the EGR framework has not gained the desired traction so far. He also urged the industry to educate investors to deal only in regulated gold … Read more
SEBI’s move to unbundle statutory levies such as GST, STT and stamp duty from the total expense ratio (TER) of mutual funds has brought renewed focus on costs in the asset management industry. By creating a clearer distinction between the base TER and the overall cost borne by investors, the regulator aims to improve transparency. … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) has alleged that Pranav Adani had shared price-sensitive information about Adani Group‘s open offer to acquire shares of NDTV (New Delhi Television) with his brothers-in-law, violating insider trading norms, showed a document reviewed by ET. The allegations pertain to August 2022, when the broadcaster was being … Read more
National Commodity & Derivatives Exchange Ltd (NCDEX) on Monday said it has received an in-principle approval from the Securities and Exchange Board of India (Sebi) to launch a mutual fund transaction platform, a precursor to its planned equity trading segment. The platform will allow investors to subscribe to and redeem mutual fund units, with clearing … Read more
Markets regulator Sebi on Wednesday eased the re-KYC process for Non-Resident Indians (NRIs) by removing the requirement for them to be physically present in India during digital verification. Markets regulator Sebi on Wednesday eased the re-KYC process for Non-Resident Indians (NRIs) by removing the requirement for them to be physically present in India during digital … Read more
Droneacharya Aerial Innovations entered the market in December 2022 as one of the most talked-about SME listings of that year, helped by a headline-grabbing roster of early investors, including Bollywood actors Ranbir Kapoor and Aamir Khan, along with market veteran Shankar Sharma. The IPO, which was subscribed an extraordinary 244 times and rode on the … Read more
Markets regulator Sebi has relaxed the educational qualification criteria for Investment Advisers (IAs) and Research Analysts (RAs), allowing graduates from any discipline to apply for registration. However, passing the NISM certification exam will remain mandatory to ensure domain knowledge and professional preparedness, Sebi said in two separate notifications on Tuesday. Currently, applicants are required to … Read more
Markets regulator Sebi has introduced a threshold-based framework to determine the materiality of related party transactions (RPTs), based on the annual consolidated turnover of the listed entity. Also, the regulator has revised thresholds for approval by audit committees for RPTs undertaken by subsidiaries and simplified disclosure requirements for smaller related party transactions. These new norms … Read more
Zerodha co-founder Nithin Kamath has said that one of the most common and expensive mistakes traders make is believing they can predict the market, even though most know they cannot. Sharing insights from a new podcast episode on Zerodha’s YouTube channel, Kamath said there is a clear gap between “knowing” and “doing” when it comes … Read more
The National Stock Exchange of India (NSE) said on Tuesday that its electricity futures contracts are fast emerging as a benchmark reference for price discovery in the country’s power market, underscoring the growing maturity and integration of India’s energy trading ecosystem. NSE said that in a recent reverse auction conducted by a major utility for … Read more