In his first major interview with Lakshman Roy, Economic Policy Editor at CNBC Awaaz, newly appointed SEBI Chief Tuhin Kanta Pandey reaffirmed SEBI’s commitment to investor protection and outlined plans to strengthen financial awareness through dedicated investor education programmes.
 
                                                                                            Tuhin Kanta Pandey, a seasoned bureaucrat, takes over as SEBI Chairperson, succeeding Madhabi Puri Buch.
 
                                                                                            Sources say the search process has been started so that a replacement is in place if incumbent Madhavi Puri Buch does not get an extension after her three-year tenure ends on February 28, 2025
 
                                                                                            Political Roundup : Kiren Rijiju Responds to Congress' Hindenburg Allegations: Accuses Congress of Betraying India. Congress announces nationwide protest on Aug 22 seeking SEBI chief resignation, JPC probe. Calcutta HC orders transfer of probe into murder of woman doctor to CBI. Watch here for more details
 
                                                                                            Markets briefly dipped but have largely shrugged off losses due to Hindenburg’s claims. Nifty fell to 24,400 amid profit booking. Mid and smallcaps outperformed, while India VIX jumped nearly 4%. PSU Banks, FMCG, and Autos lagged, while Realty, Metals, private banks, and Oil & Gas sectors gained. Catch Nandita Khemka and Yatin Mota as they discuss stocks on their radar.
 
                                                                                            The market veteran pointed out that the report seemed filled with 'conspiracy' claims and failed to present any clear, actionable allegations
 
                                                                                            Indian equity market closed one percent higher after a gap-up opening on Friday but failed to sustain above the short-term moving averages (10 and 21-day EMA), which coincides with the 24,400 mark. This is a crucial level to watch for further upside towards 24,700, the upper end of the bearish gap created on August 5. If the index fails to close and sustain above 24,400, consolidation may continue with support at the 24,100-24,000 zone, according to experts. The Nifty 50 finished the week 1.4 percent down at 24,368. This morning GIFT Nifty is hinting at a mildly negative start. Investors will be watching out for any reaction to the Hindenburg allegations against SEBI chief Madhabi Puri Buch and her husband saying that they had stakes in offshore funds used by the Adani group. Among stocks in focus, watch out for Adani Group stocks, Jubilant Foodworks, Honasa, Bharat Dynamics and Mazagon Dock. Catch Nandita Khemka in conversation with Kunal Rambhia—Fund Manager, The Streets.
 
                                                                                            SEBI Chief Madhabi Puri Buch addresses the Global Fintech Fest, which is India's largest Fintech conference. The theme of GFF'23 is 'Global Collaboration for a Responsible Financial Ecosystem- Inclusive | Resilient | Sustainable'
 
                                                                                            Manish Tewari of the Congress raised the demand during a meeting of the Parliamentary Standing Committee on Finance but BJP members opposed it saying the issue was sub-judice.
 
                                                                                            With digitisation happening across the ecosystem, all government departments and democratisation of data, 'third party validation' is the future as it is enabled by technology
 
                                                                                            One of the key reforms expected during Madhabi Puri Buch’s upcoming three-year tenure as the Chairperson of SEBI, is the development of robust internal mechanisms for SEBI to improve in-house investigative agencies in insider trading, and securities fraud actions
 
                                                                                            The new chairperson’s biggest challenge will be to make Sebi more democratic by listening to all the stakeholders
 
                                                                                            However, he said mutual fund is the right route for retail investors to participate in the capital markets.
 
                                                                                            Tyagi, who is part of the committee formed by the government to examine the pros and cons of virtual currencies (VCs), including launching an own cryptocurrency, said that a policy in this regard should come out first and then only the role of Sebi can be outlined.
 
                                                                                            Ajay Tyagi, chairman of the Securities and Exchanges Board of India, today met with the officials of national exchanges, depositaries and Clearing Corporation for the first time since taking over office.
 
                                                                                            Sebi has received many "strong comments" on its proposed norms for HFT including suggestions that it should focus on norms which would cater to India-specific requirements and not adopt practices from other parts of the world, he said.
 
                                                                                            "The Commission is of the considered opinion that the appellant in the instant case has not made a bona fide public interest in seeking information, the disclosure of such information is likely to cause unwarranted invasion of privacy of the individual under Section 8(1)(j) of the RTI Act.
 
                                                                                            Appreciating the role of some shareholder groups in the country, Sebi Chairman U K Sinha said here that the regulator has huge expectations from the investor associations but sadly their role has been going down over a period of time.
 
                                                                                            CBI is probing the regulator's decision to approve MCX-SX (the currency and equity trading platform of MCX) in 2008 and renew recognition in 2009 and 2010.