Markets regulator Sebi on Thursday clarified that the cybersecurity and cyber resilience framework (CSCRF) applies only to systems used exclusively for its regulated activities. Shared infrastructure will also be audited if not already covered by the RBI or another regulator. Further, if regulated entities (REs) comply with RBI (or other regulator) cybersecurity rules that are … Read more
When it comes to investing in mutual funds, returns often grab the spotlight. However, what’s equally—if not more—important is the risk that is associated with the fund you choose and take to earn those returns. This is where the riskometer, introduced by the Securities and Exchange Board of India (SEBI), plays a crucial role in … Read more
Markets regulator Sebi has proposed a new accredited investors-only alternative investment fund (AIF) regime with lesser compliance rules, a move aimed at enabling sophisticated investors to back higher-risk ventures more efficiently, its senior official said on Thursday. Separately, Sebi is also working on an FPI (Foreign Portfolio Investors) portal, a one-stop shop that will provide … Read more
Market regulator Securities and Exchange Board of India (Sebi) has directed exchanges to de-freeze Sanjiv Bhasin‘s trading and demat accounts after the former IIFL director deposited Rs 1 crore with the Sebi in compliance with the Securities Appellate Tribunal (SAT). The SAT’s August 1 order came on an appeal filed by Bhasin against a Sebi … Read more
Zerodha founder and CEO Nithin Kamath reflected on the company’s unconventional growth journey, highlighting how customer referrals and word-of-mouth publicity, rather than advertising, have helped the discount broker acquire customers since its inception. “When we started Zerodha, we didn’t have the money to advertise, not that it would’ve worked,” Kamath wrote on X (formerly Twitter). … Read more
Mumbai-based OnEMI Technology Solutions that operates India’s digital lending platform (Kissht), a technology-enabled lender in India has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) to raise funds through Initial Public Offering (IPO). About OnEMI Technology Solutions IPO The IPO, with a face value of … Read more
Markets regulator Sebi on Thursday announced the launch of an investors’ awareness campaign on All India Radio (AIR) specifically on frauds related to the securities market taking place through social media platforms. Also, Sebi in collaboration with the Ministry of Panchayati Raj has launched a nationwide training initiative for block-level panchayat representatives to promote financial … Read more
India’s markets regulator on Monday proposed that low-value transactions between interconnected entities, or “related parties”, no longer need to be disclosed and that only some of such high-value deals need shareholder approval. These proposals are part of the Securities and Exchange Board of India‘s (SEBI) relook at the required disclosures on labour, environment and other … Read more
Shares of Nuvama Wealth Management have dropped 6.5% over two sessions, hit by investor concerns following income tax search operations at the firm’s offices in connection with the Jane Street market manipulation probe. The stock slid as much as 4.1% on Friday to Rs 6,931.75 on the BSE, extending Thursday’s fall, as regulatory heat around … Read more
Dialysis services provider Nephrocare Health Services Limited has filed the draft red herring prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (Sebi) to raise funds through an initial public offering (IPO). The company plans to raise Rs 353.4 crore via issue of fresh shares. According to the DRHP, the proposed IPO … Read more