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…
MUMBAI: Piramal Capital Housing Finance’s MD and his wife, along with another entity, have settled a Sebi investigation over insider trading by paying about Rs 43.5 crore. According to Sebi’s order, the three entities accrued illegal gains worth nearly Rs 16 crore after buying shares of Piramal Enterprises (holding company) using unpublished price sensitive information.Of…
MUMBAI: There is growing evidence that Indian retail investors are fast turning into speculators with a majority losing money in the stock market. A new study by Sebi‘s research division in the cash section of the stock market for FY23 showed that one in three investors in the segment indulged in intra-day trading. And of…
NEW DELHI: Securities and exchange board of India (Sebi) served administrative warning to Paytm over two transactions with Paytm Payments Bank conducted in the fiscal year 2021-22. Paytm on Monday said in its filing that it has strictly followed all regulatory requirements and compliance standards.The two transactions were of 3.24 billion rupees ($38.8 million) and…
