Broker bodies had collectively made representation to SEBI in December 2022 and again rasied the issue last year. Some had challenged the provisions of 'Fit and Proper' in Bombay HC and SAT also.
The action also comes against the backdrop of a sharp surge in capital raising by Indian companies, drawing global investors looking to diversify away from the U.S. due to heightened geopolitical tensions.
MSCI’s regional stocks gauge rose 0.2% after the US benchmarks advanced for a second consecutive day. The dollar held its losses after falling the most in a month during the US session.
SAT said SEBI had made out a prima facie case of violation of the Investment Adviser (IA) and Research Analyst (RA) regulations, which ruled out any blanket relief to the appellants at this stage.
SAT also directed Sathe and ASTA not to sell the fixed assets, as per the order the value of fixed assets is around Rs 100 crore.
US moves on Greenland may have boosted traditional havens such as precious metals but the developing world is on a roll
The SAT held that a stay by the NCLAT only puts the insolvency order on hold and does not wipe it out. Since the order continues to exist, the stock exchanges were justified in keeping the company under ASM.
Tribunal has reserved its order after hearing SEBI and Avadhut Sathe clash over allegations of unregistered stock tips, use of market data, and compliance with an interim impounding order.
SEBI has identified 47 significant indices based on mutual fund AUM data between January 1, 2025 and June 30, 2025. These include widely tracked benchmarks such as Nifty 50, Sensex, Nifty Bank, Nifty Next 50 etc.
Indian equities have been trailing their regional peers since last year as punishing US tariffs weigh on investor sentiment
Chinese stocks gained and the offshore yuan held steady against the dollar after the data release
The financial results cast new light on the scale of Jane Street’s trading operations in India, where the company is currently facing investigations by the stock market regulator
The regulator also directed the entities to disgorge the unlawful gains of Rs 1.07 crore along with 12 per cent interest per annum, jointly and severally, to the Investor Protection and Education Fund within 45 days.
SAT criticised SEBI for the inordinate delay in initiating enforcement action, nearly a decade after the alleged transactions.
CAS is being introduced to make closing prices fairer, globally aligned and more reliable as financial benchmarks.
The objective of the proposal is to simplify client onboarding by reducing repetitive KYC requirements while strengthening and standardising risk management at KYC Registration Agencies.
For the week ended January 9, foreign currency assets, a major component of reserves, decreased by USD 1.124 billion to USD 550.866 billion, the central bank's data showed.
The proposal will help in reducing cost of funding for FPIs, especially on index rebalancing days, considering there would be outright purchases or sales in incoming or outgoing stocks in an index.
Panel’s view is that such arrangements may also include clauses related to third parties, raising serious minority shareholder concerns.
The online stock brokerage platform’s chief argued that India’s exchanges have international linkages and shutting them down for local elections affects global image
Japan’s Nikkei 225 index fell 1%, while US equity-index futures dropped 0.1% and contracts indicated weaker opens for Hong Kong and mainland China
Panel will be chaired by Chief Economic Advisor V Anantha Nageswaran and conduct independent, theme-based reviews to assess key regulations.
Margin reduction is seen as a key measure to deepen the cash market, prompting SEBI to place the proposal before the panel, which subsequently agreed to it.
Asian shares, relatively cheaper after three years of gains, face key risks this week from US inflation data and a possible Supreme Court ruling on President Donald Trump’s tariffs.