Sebi has barred 10 entities, including & and its promoters Nusli N Wadia, Ness Wadia and Jehangir Wadia from the securities markets for up to two years and levied a fine totalling Rs 15.75 crore on them for being involved in a fraudulent scheme of misrepresenting the company’s financial statements. Others banned and penalised by … Read more
The National Highways Infra Trust (NHIT), the infrastructure investment trust of the National Highways Authority of India (NHAI), will hit the market soon to raise ₹1,500 crore and another ₹5,000 crore by the end of this financial year. Officials told ET it will raise ₹1,500 crore via issuance of bonds carrying a coupon rate of … Read more
The stock price of Kansai Nerolac was Rs 390.3 when the market closed on June 13, 2022. The stock had reached its all-time high of Rs 651.5 on January 18, 2021, and has declined by almost 40% from those levels. Synopsis Kansai Nerolac is a subsidiary of Kansai Paint Company of Japan, which has 74.99% … Read more
Mumbai: Zerodha, India’s biggest stock broker, raised concerns over some of the capital markets regulator’s proposals to tighten rules on algorithmic trading by retail investors. The firm’s founder Nithin Kamath wrote in a blog that the Securities and Exchange Board of India in the discussion paper published on Thursday has categorised every order placed by … Read more
Brokers said these two moves have made it possible for the regulator to shorten the settlement cycle. Synopsis The panel will look into the operational issues that had forced the regulator to put the proposal on the back-burner. While domestic brokers are concerned over the continued hitches in the Pay-in process – a system where … Read more
MUMBAI: The Securities and Exchange Board of India on Thursday relaxed certain investment limits for mutual funds that make overseas investments after consultation with the industry. The capital market regulator said that individual mutual funds can now make up to $1 billion in overseas investments within the overall industry limit of $7 billion. The regulator … Read more
By Lav Chaturvedi In the financial year 2020-21, the nine-month period between July 2020 and March 2021 (9MFY21), was the most challenging time for almost every industry. The prolonged phase of lockdown that was enforced to contain the coronavirus pandemic came as a serious setback for them. Ironically, for the broking industry, this period was … Read more
Future Group founder Kishore Biyani, his brother Anil Biyani and Future Corporate Resources Limited (FCRL) have moved the Securities Appellate Tribunal (SAT) against the Sebi order banning them from the capital market for one year. On February 3, the Securities and Exchange Board of India (Sebi) had banned the Biyani bothers and FCRL from accessing … Read more