PM to attend SEBI silver jubilee May 24
Submitted by Sarthak Gupta on Sat, 05/18/2013 - 19:40.
Mumbai, May 18 : Prime Minister Manmohan Singh will attend the silver jubilee celebrations of market regulator Securities and Exchange Board of India (SEBI) here Friday, an official said here.
Singapore Deputy Prime Minister T. Shanmugaratnam, who also holds the finance portfolio, will be the guest of honour. He is scheduled to deliver the keynote address on 'Asian Capital Markets - Future Engine of the Global Economy' on the occasion.
Oracle to sell stake in OFSS for meeting regulatory requirements
Submitted by Sukant Sharma on Wed, 05/08/2013 - 21:45.
Global IT giant, Oracle has said on Wednesday that it would sell 5.3 per cent stake in Oracle Financial Services Software (OFSS) to comply with regulatory requirements in India.
SEBI imposes Rs 11 crore fine on Reliance Petroinvestments
Submitted by Sumeet Kak on Sat, 05/04/2013 - 00:02.
India’s capital market regulator, the Securities Exchange Board of India (Sebi) has imposed a pentalty on Reliance Petroinvestments (RPIL) for insider trading in IPCL shares in 2007.
Reliance Petroinvestments is a subsidiary of Reliance Industries (RIL) headed by Mukesh Ambanni. According to the order, RPIL generated a profit of about Rs. 3.82 crore through the trades related to insider trading between February and March 2007. It is believed that the insider trading occurred before the announcement about dividend declaration and the merger of a group.
SEBI imposes Rs 11cr fine on RIL subsidiary for insider trading
Submitted by Keshav Seth on Fri, 05/03/2013 - 17:07.
Capital market regulator SEBI on Thursday slapped a subsidiary of Reliance Industries Ltd (RIL) with a fine of Rs 11 crore after finding it guilty of insider trading in the erstwhile Indian Petrochemicals Corp Ltd (IPCL) share deal case.
Tribunal asks SEBI to respond to Zenith’s appeal
Submitted by Gaurav Mehra on Thu, 04/18/2013 - 23:06.
The Securities Appellate Tribunal (SAT) has asked the country's capital market regulator, the Securities and Exchange Board of India to respond to a plea filed by Zenith Infotech in two weeks.
Sebi incurs costs of over Rs 55cr in high-profile Sahara case
Submitted by Sameer Kapoor on Mon, 04/08/2013 - 20:36.The Securities & Exchange Board of India (Sebi) has so far incurred costs of more than Rs 55 crore in the high-profile Sahara case.
As per the capital market regulator's initial estimates, storage & scanning of investor documents and facilitating Rs 24,000-crore refund to two Sahara firms' bondholders have so far cost it Rs 55.85 crore.
Sebi explained that it contracted Stock Holding Corp of India (SHCIL) to handle work related to storage, digitization and scanning of bondholders' documents and to create a database, for Rs 25.97 crore.
Sahara hits back at Sebi chief over repayment of investors’ money
Submitted by Malini Ranade on Fri, 04/05/2013 - 17:03.
Sahara Group has hit back at Sebi chairman U K Sinha over the bitter question of refunds, terming the regulator statement as "irresponsible".
On Wednesday, Sebi Chairman U. K. Sinha had voiced concerns over increasing volume of grey market operations in the country, and questioned Sahara's claims that it had returned nearly Rs 20,000 crore to investors in cash. The regulator had questioned the credibility of the Lucknow-based group's claims.
SEBI chief voices concerns over expanding grey market
Submitted by Malini Ranade on Thu, 04/04/2013 - 18:45.
SEBI Chairman U. K. Sinha on Wednesday raised alarm over soaring volume of grey market operations in the country.
Addressing a seminar on `Investment Outlook 2013' organized by the Indian Merchants' Chamber, Mr. Sinha said that thousands of crores were being raised through illegal means and invested in grey market.
Without naming Sahara Group, he said, "There is a famous instance where a company has claimed that it has refunded more than Rs 20,000 crore in the last 3-4 months to so-called investors, out of which more than
SEBI's guidelines soon on share buyback
Submitted by Dalbir Sahota on Tue, 03/26/2013 - 17:46.
Kolkata, March 26 : Capital market regulator SEBI Tuesday said it will "very soon" formulate a guideline on buyback of equity shares and expressed hope that it will also be able to come out with a new insider trading regulations this year.
"We got the impressions that some companies are trying to use the buyback regulation not to reward the shareholders, but to manipulate the share price. So keeping that in mind, in order to safeguard the interests of the investors, we are now coming out with a new buyback regulation," Securities and Exchange Board of India (SEBI) chairman U. K. Sinha told reporters here.
Roy challenges SEBI officials for a television face-off
Submitted by Hina Deshpande on Fri, 03/22/2013 - 22:08.
Subrata Roy, the chairman of the Sahara group, has challenged the senior officials at the country's capital market regulator to challenge him on a 60 minute live televised debate.
Manappuram Finance investors plan to seek redress from Sebi
Submitted by Harish Dhawan on Wed, 03/20/2013 - 20:12.
Manappuram Finance Ltd (MFL) shareholders who suffered losses due to steep decline in the market value of the company’s stock are planning to seek redress from Securities & Exchange Board of India (Sebi).
MFL stock crashed nearly 20 per cent to Rs 27.70 a share on Tuesday on reports that the company selectively shared information about huge loan losses with some of its investors before an analyst call.
Sebi moves to prevent mis-selling of MF schemes
Submitted by Hina Deshpande on Wed, 03/20/2013 - 18:16.
In a bid to help investors assess the risk associated with mutual funds schemes, the Securities & Exchange Board of India (Sebi) has issued a circular on product labelling for such schemes.
As per the new guidelines, all the mutual funds will have to mention the nature of scheme such as to generate wealth or provide regular income in a pinpointing time horizon (short/medium/long term).
SEBI asks for detention of Sahara Group head Roy
Submitted by Gaurav Mehra on Sat, 03/16/2013 - 20:30.
India's capital market regulator, Securities Exchange Board of India (SEBI) has filed a plea to detain Sahara Group head, Subrata Roy for not complying with a Supreme Court order dated 31 August, 2012.
SAT asks SEBI not to take action against Sahara till March 11
Submitted by Keshav Seth on Fri, 03/08/2013 - 20:24.
The Securities Appellate Tribunal (SAT) on Thursday asked the Securities & Exchange Board of India (SEBI) not to take any action against Sahara group till March 11.
SEBI had threatened to attach and freeze the properties of two Sahara group firms, its directors and its chief Subrata Roy Sahara after the two companies failed to comply with two Supreme Court directives for returning nearly Rs 24,000 crores to investors.
SEBI sets up committee to get suggestions to curb insider trading
Submitted by Divesh Sharma on Wed, 03/06/2013 - 20:39.
Capital market regulator Securities & Exchange Board of India (SEBI) has set up a committee to suggest new rules to curb the rising menace of insider trading activities.
The 16-member committee, which will be headed by former chief justice of Karnataka High Court Justice N. K. Sodhi, will review the existing insider trading norms and suggest new rules.
SEBI and IRDA at loggerheads again
Submitted by Harish Dhawan on Wed, 02/27/2013 - 20:42.
India's Insurance regulator is once at loggerheads again with the country's capital market regulator SEBI.
The Insurance Regulatory & Development Authority (IRDA) has objected to SEBI's proposal to allow insurance firms to become proprietary trading members for the recently approved debt trading on stock exchanges.
Supreme Court refuses to give Sahara more time to deposit Rs 24,000 crore with SEBI
Submitted by Ashok Rawat on Mon, 02/25/2013 - 21:41.
New Delhi, Feb 25 : The Supreme Court on Monday rejected the Sahara Group's plea to extend the deadline for depositing money with the Securties and Exchange Board of India (SEBI).
Dismissing the Sahara Group's petition, the apex court bench headed by Chief Justice Altamas Kabir said the latter has been given sufficient time to deposit the money.
It maybe recalled that the Sahara Group was ordered in August last year to repay the amount raised by what the Supreme Court called "dubious means" from nearly three crore small investors.
SEBI allowed mutual funds to park 20% in gold deposit schemes
Submitted by Harish Dhawan on Sat, 02/16/2013 - 18:02.
The Securities & Exchange Board of India (SEBI) has finally given permission to mutual funds (MFs) to park up a fifth (20 per cent) of their gold holdings in gold deposit schemes (GDS) run by banks.
The move aims at curbing escalating imports of gold and also to make better use of idle physical gold. In January, India's gold imports jumped to 100 tonnes, the highest level of gold imports in 18 months and up 23 per cent from the corresponding month of the previous year.
SEBI freezes accounts of two Sahara firms
Submitted by Keshav Seth on Fri, 02/15/2013 - 22:39.
The Securities Exchange Board of India (SEBI) ordered freezing of bank accounts of two firms belonging to the Sahara India group for not returning more than Rs. 24,000 crore to investors.
SEBI has said that it is freezing the accounts and attachment of properties of Sahara India Real Estate Corporation (SIREC) and Sahara Housing Investment Corporation (SHIC) and topexecutives including its chairman Subrata Roy. The capital market regulator has also asked the Sahara Group companies to deposit SHIC's cash and bank balance worth Rs 309.19 crore and SIREC's worth Rs 1,655 crore with the regulator.
SEBI freezes accounts of SIREC and SHIC
Submitted by Sumeet Kak on Fri, 02/15/2013 - 11:11.
India's capital market regulator, the Securities Exchange Board of India (SEBI) has announced its decision to freeze the accounts and properties of Sahara India Real Estate Corporation (SIREC) and Sahara Housing Investment Corporation (SHIC).
.
Recent Images
Technology Sector
Buzzing Stocks
Energy Sector
Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate








