MARKETS
InterGlobe Aviation board faces sharp criticism from proxy advisory firm SES over FDTL crisis
The report said the episode should serve as a wake-up call to corporate boards: “Merely talking about good governance will not enable excellence; one has to walk the talk.” But cautioned that knee jerk reaction like dimissing the board may be counter productive
MARKETS
Intraday position breaches will attract action on weekly expiry days starting today, F&O pre-open session also begins
SEBI’s May 29, 2025 circular to curb speculation, boost transparency, and strengthen risk management in the fast-growing F&O market took effect in phases from July 1 and becomes fully operational from the trading day of December 8.
MARKETS
SEBI is unlikely to intervene in anchor allocation disputes of IPOs
A backlash erupted after Meesho allotted nearly 25 percent of its QIB portion to SBI Funds Management, prompting several institutional investors to withdraw their applications in protest over what they alleged was a disproportionate allocation despite bidding for similar quantities.
MARKETS
Relief to brokers as SEBI and exchanges scrap penalty-first model, roll out ATR-based system for compliance
Stock exchanges have overhauled their compliance framework, replacing the earlier penalty-driven approach with a structured Action Taken Report (ATR) mechanism that gives brokers two months to fix audit deficiencies.
MARKETS
Union Bank and Yes Bank to join Bank Nifty, NSE tweaks Bank Nifty and Fin Nifty methodology
There will be a two-step selection process prioritising F&O-traded stocks, introduce circuit-filter based eligibility for prospective inclusions, and apply a similar new capping structure mirroring the Financial Services index.
MARKETS
SEBI flags fund diversion at Jindal Poly in NCLT filing, says promoters enriched at minority shareholders’ expense
SEBI findings say that Jindal Poly misused company funds, diverted value to promoter entities, and violated disclosure and regulatory norms, causing substantial losses to shareholders.
MARKETS
SAT allows Rohit Salgaocar to cross-examine Ketan Parekh in front-running case
In its interim order dated January 3, 2025, SEBI accused Salgaocar of benefiting from advance knowledge of large trade orders and barred him, Parekh, and others from trading.
MARKETS
SEBI weighs margin reduction in cash trades; key panel takes up proposal
Moneycontrol had reported earlier this month that SEBI has sought inputs from stakeholders on ways to deepen the cash market. After collecting the views from stakeholders, the proposal was presented before the SEBIs advisory committee.
MARKETS
SEBI clears IPO of ICICI Prudential AMC; check key details
The launch of the issue comes against the backdrop of rapid growth in India’s mutual fund industry, as households increasingly channel their savings into financial assets.
MARKETS
Brokerages meet SEBI to present case for status quo on research fee, raise concerns on MF proposal
SEBI has proposed a major overhaul of the Total Expense Ratio (TER) framework for mutual funds to improve transparency and lower costs for investors.
MARKETS
Trading in single stock derivatives may become costly as SEBI likely to remove calendar spread benefit
The new proposal will align the calendar spread treatment for single stock derivatives with Index derivatives and cross margin framework for Index derivatives.
MARKETS
IRS officer Sandip Pradhan appointed new SEBI Whole-Time Member
Currently, only two WTMs are in place; Pradhan’s induction will raise the count to three, leaving one post still unfilled.
MARKETS
Rohit Salgaocar blames Ketan Parekh in front running case, SAT to continue hearing tomorrow
Salgaocar had sought permission to cross examine Ketan Parekh, which SEBI had rejected later Salgacar moved SAT, challenging the rejection of his request.
MARKETS
Sensex Put Options spike 50x in minutes, traders stunned
It is believed BSE is analysing the trades to examine if there was any manipulation, as part of exchange's surveillance mechanism.
MARKETS
Rohit Salgaocar moves SAT as SEBI denies cross examination of Ketan Parekh in front-running probe
Salgaocar’s petition also says that SEBI’s interim order has damaged his reputation and is threatening his livelihood. Matter is pending before SAT for hearing.
MARKETS
SEBI proposes fix for IPO lock-in issues on pledged shares, separate summary of key factors in IPO
SEBI Chairman Tuhin Kanta Pandey has earlier announced about these two changes in his speech at 12th SBI Banking and Economic Conclave on November 6, in Mumbai.
MARKETS
Sebi orders exchanges to investigate prop-trading account misuse after Moneycontrol expose
One Sebi official has confirmed the development while requesting not to be named. “Sebi has directed exchanges to investigate the violations and submit a report,” the source said.
BUSINESS
Top Sebi panel on conflict of interest suggests annual disclosures, recusal policy, whistleblower mechanism
The applicants for the post of Sebi Chairman, Members, and other lateral entry roles must disclose actual, potential, and perceived conflicts of both financial and non-financial nature, the recommendation said.
MARKETS
Prop trading scam uncovered: Fake NISM certificates and masking of traders as employees
NISM certificates are used for individual traders who are shown as brokers’ employees.
MARKETS
SEBI’s high-level committee on conflict of interest of top officials submits its report
SEBI’s existing code on conflict of interest for board members was voluntarily adopted by the board in December 2008, when C B Bhave was the Chairman.
MARKETS
Prop trading scam uncovered: No KYC, no paper trail; misuse of leverage runs on victim’s trust
There are no agreements, no KYC, and no paper trail but trades happen in full swing, and things are fine until someone defaults, or there is a big loss.
BUSINESS
ANMI urges SEBI to restore weekly Bank Nifty; seeks investor education, suitability norms
The NSE discontinued the weekly expiry of Bank Nifty from November 13, 2024, while BSE halted Bankex weekly expiry from November 18, 2024, in compliance with SEBI’s October 10 circular.
BUSINESS
Famous Shiller P/E valuation gauge flashes sub-par decade of return for US equities
For only the second time ever, the cyclically adjusted price-to-earnings ratio, made popular by Nobel laureate Robert Shiller and originally proposed by Benjamin Graham, has moved above 40, a level last seen during the peak of 1999 tech bubble.
BUSINESS
SEBI warns investors over unregulated ‘digital gold’; Tanishq, MMTC among key sellers
SEBI cautioned investors that none of the investor protection mechanisms applicable to the securities market would be available for investments in such digital gold or e-gold products.
