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Tarun Sharma

Special Correspondent

Moneycontrol News

COVID-19 | IIT alumni launch philanthropic initiative to raise funds for medical infrastructure

TRENDS

COVID-19 | IIT alumni launch philanthropic initiative to raise funds for medical infrastructure

The alumni groups have come together to provide critical medical equipment like oxygen concentrators, cylinders, para monitor machines and other support supplies to government hospitals.

SEBI’s proactive steps provide booster dose to capital market in pandemic times

TRENDS

SEBI’s proactive steps provide booster dose to capital market in pandemic times

From developmental work to strengthening the regulatory or compliance framework, the SEBI, MIIs and Intermediaries seem to have worked well together, despite the constraints, to ensure minimum hindrances in the stock market and related activities.

Vedanta’s Sterlite plant sends out first load of medical oxygen

BUSINESS

Vedanta’s Sterlite plant sends out first load of medical oxygen

The Supreme Court had on April 27 allowed the Sterlite Copper plant in Thoothukudi, which was shut down in May 2018 over pollution concerns, to reopen to produce oxygen.

Sebi proposes to give easier exit to shareholders post-IPO, change 'promoter' definition: Here is what experts say

BUSINESS

Sebi proposes to give easier exit to shareholders post-IPO, change 'promoter' definition: Here is what experts say

Moneycontrol has spoken to legal experts and market observers to obtain their views on the discussion paper. Most are of the opinion that the regulator’s proposals would have a favourable impact on the Indian equity market.

Exclusive| We plan to turn IIFL Finance into a retail-only NBFC, says chairman Nirmal Jain

BUSINESS

Exclusive| We plan to turn IIFL Finance into a retail-only NBFC, says chairman Nirmal Jain

Jain talks to Moneycontrol about IIFL group’s digital transformation, tapping the international market for funds, taking on rivals in the crowded discount brokerage space and more.

Do your due diligence before sending show cause notices on service tax defaults: CBIC tells officers

BUSINESS

Do your due diligence before sending show cause notices on service tax defaults: CBIC tells officers

Tax-related associations say the department has issued notices even to many businesses which are exempt from service tax for the year 2015-16. Experts say that not all differences in data between income tax and service tax amount to tax evasion.

Lockdown forces sharp fall in cement demand; signals slowdown in construction activity

BUSINESS

Lockdown forces sharp fall in cement demand; signals slowdown in construction activity

Industry pins its hopes on lifting of temporary state imposed restrictions; government has major infrastructure projects like Bharat Mala in the pipeline

COVID-19 second wave | Sebi gives listed companies more time to report results

BUSINESS

COVID-19 second wave | Sebi gives listed companies more time to report results

The market regulator has also extended the time period for filing annual secretarial compliance report to June 30.

Sebi may tighten noose on exchanges for tech glitch by penalising management: Source

BUSINESS

Sebi may tighten noose on exchanges for tech glitch by penalising management: Source

In the past, Sebi had imposed a disincentive amount of Rs 50 lakhs on National Stock Exchange for a techanical glitch. Though there is no fixed amount for the monetary disincentive currently, it’s clear that the regulator wants to formalise penalties at a higher amount to avoid such mishaps in future.

COVID fallout: Sebi may not allow brokers to work from home if call recording is not in place

BUSINESS

COVID fallout: Sebi may not allow brokers to work from home if call recording is not in place

ANMI wants 16 other relaxations due to severe pandemic conditions; regulator is cautious about front running cases and unauthorised trade without client information, which does not favour investors.

Loss-making companies still holding AGMs at the last minute: IiAS report

BUSINESS

Loss-making companies still holding AGMs at the last minute: IiAS report

In the seventh edition of its study on the association between the timing of AGMs of Nifty 500 companies and their financial performance, the advisory firm continues to contend that the rationale offered by many companies for delaying their AGMs due to their ‘large size and complex business’ is untenable.

Companies in critical sectors manage to vaccinate employees below eligible age of 45

BUSINESS

Companies in critical sectors manage to vaccinate employees below eligible age of 45

Authorities have allowed companies in critical sectors such as ports and power to vaccinate employees even if they are not old enough to be normally eligible. Companies say they are diligently abiding by the rules in their vaccination drives.

Tax evasion: Byju’s parent faces scrutiny by GST intelligence wing

BUSINESS

Tax evasion: Byju’s parent faces scrutiny by GST intelligence wing

Edtech unicorn Byju’s faces two cases for alleged tax evasion of around Rs 43 crore and has been asked to respond to show-cause notices detailing the alleged violations.

We continue to be optimistic about the potential of transmission sector: IndiGrid

BUSINESS

We continue to be optimistic about the potential of transmission sector: IndiGrid

Harsh Shah, Chief Executive Officer, IndiGrid, spoke to Moneycontrol on the rights issue, future plan of the company, amendment to Sebi regulations and the potential of InvITs and Real Estate Investment Trusts. IndiGrid is now planning a rights issue that will open on April 6 and close on April 13.

Sebi tweaks rules for delisting, sustainability reporting and startups

BUSINESS

Sebi tweaks rules for delisting, sustainability reporting and startups

Sebi’s board has approved a series of measures, which make it easier for startups to go public, introduced new norms that make delisting of shares more transparent, and introduced sustainability reporting by companies.

CBI books DHFL promoters for creating over 2.6 lakh fake home loan accounts

BUSINESS

CBI books DHFL promoters for creating over 2.6 lakh fake home loan accounts

The case registered by CBI is against promoters of DHFL Kapil Wadhawan and Dheeraj Wadhawan who are already facing two other cases by CBI in the Yes bank scam and UP power Corporation scam.

Sebi board set to have an action-packed meeting on March 25

BUSINESS

Sebi board set to have an action-packed meeting on March 25

Items that could be on the agenda include a revamp in delisting regulations, de-classification of promoters, shareholding norms for Market Infrastructure Institutions and discussions on an innovation growth platform.

MCA orders inspection of Edelweiss Asset Reconstruction Company’s books after whistleblower complaint to PMO

BUSINESS

MCA orders inspection of Edelweiss Asset Reconstruction Company’s books after whistleblower complaint to PMO

Paras Kuhad, a former additional solicitor general of India and 14 percent shareholder in EARC along with his family, has alleged that controlling shareholders diverted at least Rs 1,800 crore from the asset reconstruction firm; the company has strongly denied any wrongdoing.

Sebi may direct exchanges to operate from DR site within 45 minutes if tech glitch halts trading

BUSINESS

Sebi may direct exchanges to operate from DR site within 45 minutes if tech glitch halts trading

All main exchanges have an alternative base of operation called DR site to help them conduct operations seamlessly during an emergency.

Enforcement Directorate conducts searches on real estate player Shivalik Group

BUSINESS

Enforcement Directorate conducts searches on real estate player Shivalik Group

An Enforcement Directorate team from Delhi searched more than a dozen places on March 4.

Enforcement Directorate launches money-laundering investigation against Franklin Templeton

BUSINESS

Enforcement Directorate launches money-laundering investigation against Franklin Templeton

ED will probe if Franklin Templeton officials sold their investments and made unlawful gains just before the AMC closed six debt mutual fund schemes in April 2020.

Income Tax department raids locations linked to Taapsee Pannu, Anurag Kashyap

INDIA

Income Tax department raids locations linked to Taapsee Pannu, Anurag Kashyap

Besides actor Taapsee Pannu and film director Anurag Kashyap, the I-T department's searches were on at locations linked to film producer Vikas Bahl and distribution company Phantom Films, according to a report

NSE glitch: Sebi forms panel to strengthen interoperability

BUSINESS

NSE glitch: Sebi forms panel to strengthen interoperability

Problems at NSE and its clearing corporation created an unforeseen situation in which market players could not switch to another exchange’s clearing corp..

Trading glitch: NSE’s new offerings may run into SEBI hurdle

BUSINESS

Trading glitch: NSE’s new offerings may run into SEBI hurdle

The regulator wants the exchange to expand its capacity to take orders as new services will put pressure on the market architecture and an interruption like the one on Wednesday could repeat.

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