Mumbai: The SEBI order observed that RIL had entered into a well-planned operation with its agents to corner the open interest in the RPL (Reliance Petroleum) futures and to earn undue profits from the sale of RPL shares in both cash and futures segments and to dump large number of...
Sebi imposes Rs 2 cr fine on 7 entities for violating mkt norms
Markets regulator Sebi has imposed a fine totalling Rs 2 crore on seven entities including promoters and former senior officials of Zylog Systems Ltd for violating several market norms while dealing in the firm’s scrip. Out of the entities facing a penalty, Sthithi Insurance Services, Sudarshan Venkataraman and Ramanujam Sesharathnam...
SEBI Chief calls for investor awareness as retail participation grows
Mumbai: Emphasising on the need for informed decision by investors, Securities and Exchange Board of India (SEBI) Chairman Ajay Tyagi has said that investor awareness and education play an important role in the investor's decision making. In his message, ahead of the World Investor Week scheduled for November 23-29, Tyagi...
SEBI moves SC seeking Rs 62,000 crore deposit
New Delhi: The Sahara group has alleged that markets regulator is "acting biased" and is raising a "wrong demand" asking Sahara group to pay Rs 62,600 crore or $8.48 billion. "It is absolutely wrong demand by SEBI. Hon'ble Supreme court has in the past directed us to deposit the principal...
Sebi orders attachment of bank, demat, MF accounts of Rainbow Industries, directors
New Delhi: The Securities and Exchange Board of India (Sebi) in November 2018 had directed the company and its directors to refund investors' money along with interest. Rainbow Industries had raised Rs 11.36 crore through redeemable preference shares (RPS) from investors without complying with public issue norms. Rainbow issued RPS...
SEBI fines Titan Company employee for insider trading
Mumbai: The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 2 lakh on an employee of Titan Company, Theekevedu B. Alexander, for violating insider trading norms in 2018. The investigation by the capital markets regulator found that the designated employee of the company and his...
SEBI forms panels to suggest policy for securities market data
Mumbai: The committee would identify segment-wise data perimeters, data needs and gaps, recommend data privacy and data access regulations applicable to market data among others. The panel chaired by Madhabi Puri Buch, Whole Time Member, SEBI has CEOs of stock exchanges and depositories, representatives of various stakeholders and senior officials...
Sebi slaps Rs 1 crore fine on Rana Kapoor for disclosure lapses
New Delhi: By not disclosing about the transaction to Yes Bank's board of directors, Kapoor has created an opaque layer between him and stakeholders, Sebi said in an order. Morgan Credits, which was an unlisted promoter entity of Yes Bank, raised Rs 950 crore from Reliance Mutual Fund, now Nippon...
Mutual Fund schemes must be ‘true to label’: SEBI Chief
Mumbai: On September 11, SEBI said that multi-cap funds will now invest minimum 75 per cent of total assets in equities with 25 per cent each in large cap, mid cap and small cap companies. Describing the recent "confusion" regarding its circular on multi-cap funds as "unfortunate", Tyagi said: "What...
Sebi invites application to process, maintain investor complaints
New Delhi: Capital markets watchdog Sebi plans to rope in an agency to process and maintain records of investor complaints received by the regulator. The mandate for the agency is to receive grievances from investors through physical or electronic mode and categorise them. The agency will also be responsible for...