BUSINESS
SEBI presses ahead with reforms agenda, new developments to re-write ground rules
Aside from stonewalling on the Adani-Hindenburg issue, there was much for retail investors and intermediaries to cheer after the SEBI board meeting.
BUSINESS
A host of far-reaching changes for market players lined up for Sebi board meet today
Under the leadership of Chairperson Madhabi Puri Buch, SEBI has instituted several incisive reforms that are altering the market landscape
BUSINESS
SEBI lays out protocol for unlisted MIIs to secure NOCs
The unlisted MII shall pay a fee to SEBI at the rate of 0.1% of the paid-up share capital of the unlisted company or Rs 5,00,000, whichever is higher.
BUSINESS
SEBI levies Rs 1 crore penalty on another subsidiary in the CCD network; CFO, promoter-director go off the hook
The company- MACEL- acted as a pass-through entity for the said fund diversion and has aided and abetted CDEL in such a large-scale fund diversion.
BUSINESS
Arshad Warsi, wife get relief from SAT in YouTube pump-and-dump case
The SAT observed that the SEBI order was 'bereft of any evidence' that required the passing of such a strong and harsh order.
BUSINESS
HFTs, arbitrage firms to face brunt of STT hike, retail traders likely to retreat
Finance minister Nirmala Sitharaman’s 25 percent hike in Securities Transaction Tax by hike on selling futures and options caught everyone by surprise. In the F&O segment, the number of retail investors touched 3.2 million in January 2023, a number that could now fall
EARNINGS
Pessimism in Indian startup ecosystem overdone: Credit Suisse
The funding environment signals a pause for breath rather than a complete halt of funding, the report says. As firms focus on profitability, growth slows down, which further pressures valuation. Slower growth also results from startups trying to preserve their capital, as incremental funding has become more difficult
BUSINESS
Jefferies' Chris Wood: India set for renewed outperformance vis-à-vis Asian, EM peers
Christopher Wood cites continuing strong GST revenues and buoyant retail sales as evidence of economic resilience in India
BUSINESS
Chris Wood warns of potential 2023 earnings downgrades and recession
The number of people collecting UI (unemployment insurance) benefits rose by 69,000 in the last week of February, the largest increase since November 2021.
BUSINESS
Chris Wood sees India as a much more straightforward, long-term story than China
Wood indicated that unbridled confidence, which was once a feature of the Chinese economy, no longer exists.
BUSINESS
Chris Wood says FDIC rescue of SVB is 'Uncle Sam bailing out the rich'
The move is the latest example of the approach adopted during the 2008 financial crisis that there was one rule for Main Street and another for Wall Street. The maxim can now be extended to Silicon Valley, Wood says in the latest edition of GREED & fear
BUSINESS
Maharashtra leads in new investor registrations even as retail mojo nosedives
Uttar Pradesh held on to the second spot but registered a 2.9 percent YoY drop, accounting overall for 1.5 million new registrations
BUSINESS
No great strides forward: India Inc sports dismal track record on women's representation, salaries
Women directors are paid, on average, only one-third of the salaries earned by men and represent only 17 percent of the board across indices.
BUSINESS
Seven facts about GQG Partners, the firm rescuing Adani companies from Hindenburg onslaught
The investment boutique firm employs analysts with an investigative journalism background and its co-founders are invested to the order of $1 billion in the firms' own strategies.
BUSINESS
Extending market hours could be a UPI moment: Tejas Khoday of FYERS
UPI became a hit because you could transfer money to anybody in a jiffy at any time. It's the 24-by-7 into 365-day availability that caused it to become a success story. It's the same with extending trading hours too. It's about availability, it's not about the fee here.
BUSINESS
SEBI tightens norms for buybacks through stock exchange route
The regulator in an operational guidance circular has mandated that no company shall purchase more than 25 percent of the average daily trading volume (in value) of its shares
BUSINESS
Social Media and Stock Manipulation 101: How to con investors and make a run for it
There will always be ‘visionaries’ and ‘dreamers’ with smart-alecky ideas to part investors and their hard-earned money. With the regulator hot on their tail, they better be able to run as fast as their scrips soar.
BUSINESS
How Joshi the Jadugar worked the mechanics in Axis front-running case
There were no bank transactions between Viresh Joshi and other entities in India. Proceeds from the front-running trades were transferred to Viresh Joshi's Dubai-based firm's bank account
BUSINESS
Can Jimny, Fronx help Maruti Suzuki reclaim lost market share?
The auto manufacturer had run into a turbulent phase in FY09-12 and emerged on top of the situation with a 51% market share in FY19. Can it script a redux of history once again?
BUSINESS
SEBI wants to bolt the exit door for REITs/InvITs' sponsors
SEBI contends there is a need to have at least one sponsor throughout the life of the REIT/InvIT given that this particular segment of the market is "in a nascent stage and continuously evolving."
BUSINESS
SEBI pitches stricter norms for bonus shares issue; targets discrepancies
The proposals seek to eliminate the mismatch between the listed capital and the issued capital of the issuer company
BUSINESS
SEBI mulls tighter regulation norms for ESG rating providers, eyes 'Parivartan' of firms
The paper pitches that ERPs be permitted to adopt either a issuer-pays or a subscriber-pays business model.
BUSINESS
SEBI's consultation paper mulls increasing skin in the game for underwriters
The proposals, if accepted, will call for more 'financial commitment' from them
BUSINESS
SEBI ED urges India Inc to let go of ‘litigation mindset’, find other ways to resolve disputes
Executive director VS Sundaresan also expresses concern that SEBI is being forced to release more regulations as many companies refuse to follow even the basic norms of corporate governance
