Sebi seeks report from NSE on shutdown over tech glitch
NSE is expected to submit its report in the next 48 hours and a detailed root analysis will also be submitted after the preliminary report.
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
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.
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At the meeting, the Sebi board has also repealed SEBI (Underwriters) Regulations, 1993, and made amendments to SEBI (Merchant Bankers) Regulations, 1992 and SEBI (Stock Brokers) Regulations, 1992.
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.
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
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.
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
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.
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.
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.
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.
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
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.
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.
Enforcement Directorate raids Viva group in connection with PMC bank
Viva group is mainly into real estate, hotel, education, and owns Tab Cab.
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.
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.
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.
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.
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.
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.
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.
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