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…
Unclaimed dividends and shares: If you have unclaimed dividends and shares, it is very likely that they would have been transferred to the Investor Education and Protection Fund. In this article, we understand when unclaimed dividends and shares make way to the Investor Education and Protection Fund and what investors should do.Market regulator Securities and…
Mutual Fund investments need investors to be KYC compliant. Whether you are a new MF investor or an old one, being KYC compliant is mandatory. However, from April 1, the list of documents officially accepted as proof of identity or address will narrow down. The Securities and Exchange Board of India (SEBI) has made it…
PN Gadgil Jewellers, the second-largest organised jewellery player in Maharashtra has filed its draft red herring prospectus with markets regulator Sebi to raise funds through an IPO. The company’s IPO comprises a fresh equity issue of Rs 850 crore and an offer for sale of Rs 250 crore. Under the OFS, promoter SVG Business Trust…
MUMBAI: Days after the Supreme Court asked Sebi to probe if losses due to short selling in Adani stocks were in violation of any law, the markets regulator on Friday made disclosures mandatory for such trades and allowed institutional investor participation. Short selling was earlier restricted to retail and HNI investors, but without disclosure requirement.The…
Minimum Issue Size On Social Bourses Cut To 50LMUMBAI: The board of Sebi on Saturday relaxed some of the guidelines for small not-for-profit organisations (NPOs) and non-government organisations (NGOs) to tap the social stock exchanges (SSEs) to raise funds, including halving the minimum fund-raising size to Rs 50 lakh. The board also approved a regulatory…
