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accrued illegal gains worth nearly Rs 16 crore after buying shares of Piramal Enterprises (holding company) using unpublished price sensitive information.Of…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…
Mumbai: RBI and markets regulator Sebi have discussed the huge volumes in the futures and options (F&O) segment, amid concerns raised by finance minister Nirmala Sitharaman and senior govt officials.“The volumes in the F&O market are very large, perhaps larger than the nominal GDP. We have discussed the matter with Sebi, and they are dealing…
Mumbai: Markets regulator Sebi on Sunday proposed to tighten the selection criteria for stocks that could be traded in the derivatives segment. As part of the proposed rule, it could eliminate those stocks that have low investor participation and yet are included for trading in the futures & options (F&O) segment of the bourses.In the…
NEW DELHI: The All India Trinamool Congress on Thursday written to Sebi and urged the market regulator to investigate the exit polls that predicted a landslide victory for the BJP-NDA in the Lok Sabha elections.In his letter, TMC leader Saket Gokhale alleged that pollsters manipulated the exit polls to influence stock markets, stating, “Investors made…
Six companies within the Adani Group have disclosed receiving show-cause notices from Securities and Exchange Board of India (Sebi), as per their recent filings with the stock exchanges. The notices were issued for suspected non-compliance with regulations related to related party transactions, listing rules, and the authenticity of auditor certificates.According to an ET report by…
IT services major Infosys said that the Odisha GST authority has imposed a penalty of Rs 1.46 lakh on the company. The penalty has been imposed on Infosys for availing ineligible input tax credit.Infosys announced the same in an exchange filing. The company said that it received the order on April 22, 2024, passed by…
MUMBAI: The stock price of BSE crashed 13.3% on Monday after it said that it would have to pay some additional amount to market regulator Sebi for wrongful benchmarking of the regulatory fee for options contracts traded on it since fiscal 2007. For a similar incident MCX has also been served a letter by Sebi…
In a recent incident, a 58-year-old resident of Kolkata lost Rs 20 lakh to an investment scam on WhatsApp. Initially enticed by a Facebook advertisement offering a complimentary online stock trading course, the victim was subsequently added to a WhatsApp group by the organisers. Following a period of establishing trust, he was directed to a…
