NEW DELHI: Securities and exchange board of India on Sunday responded to the Hindenburg report saying that the chairperson Madhabi Puri Buch made “relevant disclosures” from time to time and recused herself in matters involving conflict of interest. “It is emphasized that Sebi has adequate internal mechanisms for addressing issues relating to conflict of interest,…
NEW DELHI: The political clash between Congress and the BJP intensified on Sunday after US-based short-seller Hindenburg Research levelled allegations against Sebi chairperson Madhabi Buch. The Congress party demanded immediate government action to address potential conflicts of interest in the regulator’s investigation of the Adani Group and called for a joint parliamentary committee (JPC) to…
NEW DELHI: The Adani Group on Sunday vehemently denied the latest allegations made by US-based short seller Hindenburg Research. The group characterized the allegations as “red herrings thrown by a desperate entity with total contempt for Indian laws.”The new Hindenburg report claimed that Sebi chairperson Madhabi Buch and her husband had stakes in offshore entities…
NEW DELHI: Congress called upon the central government to act swiftly to address potential conflicts of interest within the Securities and Exchange Board of India (Sebi) after fresh allegations leveled by US short-seller Hindenburg Research against Sebi chairperson Madhabi Buch. The opposition party also said that the “seeming complicity of the highest officials of the…
MUMBAI: Hindenburg Research, the US short-seller that in Jan 2023 had alleged extensive corporate fraud by the Adani group using offshore vehicles, on Saturday night cited whistleblower documents claiming that Sebi chairperson Madhabi Puri Buch, with husband Dhaval, had also invested in the same offshore vehicles.Sebi chief and her husband, through 360 One WAM (IIFL’s…
Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch has underscored the critical importance of stringent Know Your Customer (KYC) procedures in the financial services sector. Talking to media at the launch of India’s first dedicated website for passive mutual funds, she emphasized that the KYC Registration Authority (KRA) system is indispensable for…
New Delhi: P N Gadgil Jewellers Limited, a jewellery player in Maharashtra, on Tuesday has received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The company’s initial public offering comprises a fresh issue of equity shares of the face value of Rs 10 each aggregating up…
NEW DELHI: Indian market regulator Securities and Exchange Board of India (Sebi) conducted an extensive analysis of intraday trading patterns. The results reveal a surprising correlation between trading performance and relationship status. The study indicates significant differences in trading behaviors and outcomes based on marital status and gender.Married traders outperformed singlesSebi’s study on intraday trading…
MUMBAI: Markets regulator Sebi has banned fugitive billionaire Vijay Mallya for three years for illegally routing funds through layered transactions using foreign entities and banks to jack up prices of his own companies and also profit from the same. All his holdings in stocks and mutual funds in India have also been frozen while he…
NEW DELHI: The Securities and Exchange Board of India (Sebi)on Friday banned fugitive businessman Vijay Mallya from trading in securities market and being associated with any listed company for a period of three years. The decision was made in connection with the channeling of funds to the Indian securities market through overseas bank accounts with…
