BUSINESS
Royal Orchid: How classifying a 'subsidiary' as an 'associate' helped inflate profits by 638%
The regulator has fined the company and its promoter entities, and asked them to file a detailed report on how this misclassification has affected the consolidated financial statements.
BUSINESS
Sebi’s new rights-issue norm could dilute shareholder's stake without a vote, but proxy advisors welcome it
After its Board meeting on Sept 30, the regulator announced a set of new norms to speed up rights issue, including one on what to do with the unsubscribed portion of an issue
BUSINESS
MC Exclusive| Over 115 stockbrokers get SEBI notice for continued association with algo platform Tradetron
The markets regulator has issued the notice as part of a larger probe into the operations of algo platforms.
BUSINESS
Explained: What's the new norm that increases transparency for 60% of India Inc, and why concerns were raised with MCA
A mandate issued to private companies can help with fundraising and improve transparency in the ecosystem but it can also create a hassle for the companies' boards.
BUSINESS
Sebi easing compliance norms for RAs, IAs welcomed; some worry about bad actors flooding the scene
Lower networth requirements and allowing part-time IAs and RAs may encourage better candidates to apply, said experts.
BUSINESS
Explained: Why Religare Enterprises' largest shareholder is in a battle with its Chairperson and Board
The dispute began when the Burman Group acquired a substantial stake in the company, triggering an open offer.
BUSINESS
Key Sebi board meet today: Big decisions likely on derivatives, FPI
On the agenda are crucial decisions relevant to market players and intermediaries, including the big one—of strengthening the index derivatives framework.
BUSINESS
MC Exclusive: EaseMyTrip promoter to sell block worth Rs 580 cr at floor price of Rs 38 on Sept 25
The floor price is expected to be Rs 38; the share closed at Rs 40.99 today
BUSINESS
Some I-bankers cut deals with SMEs to inflate valuation, take share of illegal gains
In a novel practice that is quickly catching on, some of the bankers are convincing smaller enterprises to list for a profitable but illegal arrangement, according to sources.
BUSINESS
Sebi bars Axis Capital from acting as investment banker in debt market until further orders
In an interim order issued on September 19, the Securities and Exchange Board of India (Sebi) has also asked ACL to reply within 21 days to the observations made in the order.
BUSINESS
Sebi employees assured of a committee to look into workplace demands: Sources
The regulator recently withdrew an earlier press statement in a sign that the impasse between the regulator and its employees is ending
BUSINESS
Explained: Why is the new fee-collection mechanism for IAs, RAs both welcomed and feared?
The opinion over this mechanism is divided, with some IAs and RAs worrying about increased compliance burden and costs, and with other IAs/RAs and investors welcoming it as a much-needed step in the reform process.
BUSINESS
Investment advisor's arrangement with Smallcase faces regulatory heat; fintech denies any wrongdoing
According to a notice issued by SEBI, the regulator found various violations by the IA, including forcing clients to use services of broker partners and outsourcing core compliance functions, which the IA claimed were part of its vendor arrangement with Smallcase.
BUSINESS
MC Odd Lot: Director of listed yarn trader sends in handwritten resignation on torn-out sheet of paper
The company has submitted a photograph of the letter in its filing to the exchanges.
BUSINESS
MC CEO Pay Report: How much were India Inc top bosses paid in FY24?
Among the Nifty 50 companies, there are three top bosses - Thierry Delaporte of Wipro, who resigned in April, Pawan Munjal of Hero MotoCorp, and Rajeev Jain of Bajaj Finance - who took home in excess of Rs 100 crore each in FY24
BUSINESS
SEBI-registered research analysts, investment advisors face new threat of identity theft. What's the way out?
There is a rising number of frauds being perpetrated in the name of RAs and RIAs, who are then left to defend themselves. Lawyers share how they can safeguard themselves
BUSINESS
MC Investigates: Platform used by top brokerages faces scrutiny over Sebi advertising code compliance
While analysts and investment advisors are not allowed to cite past performance or display accuracy scores, Pickright Technologies permits them to showcase these metrics.
BUSINESS
Sebi fines debenture trustee Vistra ITCL for various violations including lack of independence in preparing asset-cover certificate
The DT's preparation of asset-cover certification was found to be poor in its diligence; the Sebi order cited other violations too
BUSINESS
Why ESG reporting could be 'significantly diluted' with voluntary disclosure, according to this industry expert
In an interview with Moneycontrol, Smitha Shetty, the APAC director of Achilles Information, explains why the regulator's ease of doing business proposal for ESG reporting may set Indian capital markets back many steps.
BUSINESS
Twice unlucky: Investors file complaint on SCORES, get defrauded based on info in plaint
Sebi unearths an audacious fraud perpetrated by a former employee of an investment advisor, which involved impersonating the capital market regulator itself
BUSINESS
MC Odd Lot: After 200-day delay, company alerts exchanges about resignation of independent director
The company has claimed health issues of compliance officers and busyness of management as reasons
BUSINESS
Advocate claims large share of bank balance was legal fee, not illegal-advisory earnings; Sebi spots inconsistency
The regulator has asked Ajay Kumar Chaddha, who ran groups on WhatsApp and Telegram that provides stock tips, to refund fee collected
BUSINESS
Sebi's plan to bring more finfluencers under its fold welcome, but could backfire on two counts
The market regulator has floated a consultation paper relaxing the norms governing RAs and IAs, in an attempt to get more entities to register. But there may be unintended consequences.
BUSINESS
Broker Shares Bazaar, probed for running illegal PMS, now ghosts Sebi; finally loses registration
The brokerage lost its membership with BSE after the exchange came to know that the brokerage was running an unregistered PMS
