NEW DELHI: Sebi chairperson Madhabi Puri Buch on Thursday cited “personal exigencies” to skip Parliament’s Public Accounts Committee (PAC) meeting, which soon led to a fight between the panel’s head K C Venugopal and NDA members who accused him of taking unilateral decisions and proceeded to lodge a protest with Lok Sabha Speaker Om Birla.The…
NEW DELHI: After much suspense, Sebi chairperson Madhabi Buch is scheduled to appear before the Public Accounts Committee of Parliament on Thursday, a meeting that on agenda is slated to be a performance review of the top regulator, but which may result in fireworks over its functioning as well as about the recent allegations of…
MUMBAI: NSE and nine of its former senior executives, including earlier MD Vikram Limaye, have settled a case with Sebi over allegations that brokers bypassed a trading access point to enable faster trades for Rs 643 crore. This is the largest settlement order in Sebi’s 36-year history. In addition to the settlement amount, eight officials…
MUMBAI: In a move that will make stocks among the most liquid investments, markets regulator Sebi has proposed expanding the scope of T+0 settlement cycle to 500 shares, from 25, in a phased manner, allowing investors to get their money on the day they execute the transaction.The board of the regulatory agency, which met for…
MUMBAI: Markets regulator Sebi is expected to take steps to rein in the retail frenzy in F&O trading in a board meeting on Sept 30. These decisions could include tightening of rules for the speculative futures & options segment of the market and stricter margining system, sources said.The Sebi board is also expected to give…
India’s biggest initial public offer is set to hit the floors, with market regulator Sebi approving the draft red herring prospectus of Hyundai Motor‘s Rs 25,000-crore offer of sale.The much-awaited IPO is expected to be launched in Oct, and follows a series of public offers that have hit the markets recently. Having received a green…
NEW DELHI: The Securities and Exchange Board of India (SEBI) has levied a fine of Rs 1 crore on Jai Anmol Ambani, the son of businessman Anil Ambani, for not exercising proper due diligence while approving general-purpose corporate loans (GPCLs) in the case of Reliance Home Finance. Krishnan Gopalakrishnan, the former chief risk officer of…
NEW DELHI: Anti-corruption ombudsman Lokpal has denied to take any action on two complaints filed against Sebi chief Madhabi Puri-Buch regarding impropriety and conflict of interest on the basis of Hindenburg report. One complaint was filed by a sitting Lok Sabha member, regarding which, the Lokpal said that it “falls short” in persuading them to…
MUMBAI: Bowing to pressure from agitating employees, markets regulator Sebi on Monday did an about turn, withdrawing its Sept 4 press release in which, among other things, it had blamed “external elements” for a spate of agitations by a part of its employees and argued that entry level salaries at the regulatory body, estimated at…
NEW DELHI: Finance minister Nirmala Sitharaman on Monday said that Sebi chairperson Madhabi Puri Buch and her husband have been answering some of the allegations and both are defending themselves and are putting out facts to contradict those that are being alleged by the Congress party.“So, I think the facts have to be taken on…
