Tarun Sharma

MARKETS

Trading resumes on NSE after being shut for majority of the day, trading extended till 5 pm

Market timing may be extended till 5 pm. NSE has approached Sebi and other exchanges for increasing the trading timing

BUSINESS

Four brokers of ICEX under SEBI scanner for payment irregularities

Market regulator follows the money trail to check for wrongdoings by Indian Commodity Exchange under Liquidity Enhancement Scheme.

BUSINESS

Sebi board meeting | IPO norms changed to ease large issues

At the meeting, the Sebi board has also repealed SEBI (Underwriters) Regulations, 1993, and made amendments to SEBI (Merchant Bankers) Regulations, 1992 and SEBI (Stock Brokers) Regulations, 1992.

BUSINESS

Tops Grup case: ED summons actor Armaan Jain again for questioning

The Enforcement Directorate is investigating if Jain had business dealings with Vihang Sarnaik, the son of Shiv Sena MLA Pratap Sarnaik. The investigative agency is probing a contract given to the Tops Grup for security services by the Mumbai Metropolitan Region Development Authority.

BUSINESS

Sebi likely to ease IPO norms for large issue in February 17 meeting

New norms likely boost capital market by helping mega issues like LIC’s; regulator to also discuss norms to make independent directors more accountable

BUSINESS

ED arrests actor Sachin Joshi in Omkar Group money-laundering case

The arrest came after income tax officials searched the home and offices of the actor-businessman over five days.

BUSINESS

Commodity Derivative Advisory Committee member seeks white paper on energy contracts

Sebi and CDAC are concerned about decreasing volumes and falling participation in agricultural derivative contracts

BUSINESS

Spot gold trade set to take off soon on existing exchanges

The Securities Contracts (Regulation) Act would also see some amendments to give shape to gold being treated as a security and in the provisions for duration of contracts.

BUSINESS

Multi Commodity Exchange ditches 63 Moons, picks TCS as new technology partner

This is the first time that MCX is changing its technology partner. Currently, 63 Moons Technologies which was the founder-promoter of MCX, is providing technology for the clearing and settlement software at MCX.

BUSINESS

Budget 2021 | SEBI assigned new responsibility as Gold Spot Exchange regulator

In the budget of 2018-19, the government had announced its intent to establish a system of regulated gold exchanges in the country. For this purpose, SEBI will be notified as to the regulator. For warehousing purposes, the government has appointed Warehousing Development and Regulatory Authority as a regulator.

BUSINESS

Budget 2021 | Government wants to make Income-Tax department taxpayer-friendly

Simplification of forms, I-T filing exemption to those above 75 years of age, reduction in tenure of reassessment, and faceless dispute redressal committees are the highlights.

BUSINESS

Budget 2021: Centre proposes folding three securities Acts into an umbrella legislation

Finance Minister Nirmala Sitharaman has proposed merging the Securities Contracts Regulation Act, Depositaries Act, and Securities Exchange Board of India Act into a new Securities Code Act. Market experts feel this will help in faster amendment as only one Act will have to be modified when required instead of amendments across these inter-related Acts, which can be cumbersome

BUSINESS

CBI carrying out surprise checks on FCI godowns in Punjab and Haryana

Central agency said to be carrying out checks after allegedly receiving a ‘large number of complaints’ about irregularities at FCI godowns in the two States.

BUSINESS

Sebi in talks to cut down minimum application size to help retail investors

SEBI is in talks to reduce the minimum application size from Rs 15,000 to Rs 7,500-8,000. If the application size is decreased, then the number of subscriptions will increase, which is helpful to retail investors, say sources.

BUSINESS

Enforcement Directorate raids Viva group in connection with PMC bank

Viva group is mainly into real estate, hotel, education, and owns Tab Cab.

BUSINESS

NSEL scam | Anjani Sinha's arrest: How things unfolded

The Central Bureau of Investigation, Serious Fraud Investigation Office and Enforcement Directorate have been investigating the NSEL scam.

BUSINESS

NCDEX top job | No suitable applicants; Sebi asks exchange to invite fresh applications for MD post

NCDEX is looking for a new chief as its Managing Director Vijay Kumar Venkatraman’s tenure will end shortly.

BUSINESS

Coca-Cola unit is the latest company to face taxman’s scrutiny for alleged evasion of GST

Hindustan Coca-Cola Beverages Pvt Ltd gets show-cause notice for allegedly not paying taxes on the promotional and marketing amount it received from parent. The company confirms receipt of notice, says it fully complies with regulations.

BUSINESS

Uber, Ola face DG-GST Intelligence probe over alleged tax evasion

For several years now, the cab aggregators are alleged to have refrained from paying GST on the incentives they pay drivers. In addition, they have allegedly not paid GST on ride cancellations despite charging customers for the same.

BUSINESS

I-T department surveying L&T, Zee Group

The Income Tax Department initiated the survey of Larsen & Toubro and Zee Group after receiving information from the GST department.

BUSINESS

SEBI likely to give a nod to Sachin Bansal-led firms’ acquisition of Essel Mutual Fund

If SEBI agrees to Sachin Bansal’s purchase, it could be the first such instance where a company will be allowed to become a sponsor as per new regulations that have been relaxed lately by the premier markets regulator.

BUSINESS

Interview | For long-term investors, India a compelling story of massive potential: Vistra India head

In an interview with Moneycontrol, Navita Yadav, Country Managing Director of Vistra India, speaks on fund flows into emerging markets, Fed moves and opportunities in REITs and INVITs.