The FinTech Hub
Source: Live Mint Upcoming IPOs: Six major companies have now received approvals from the capital markets regulator, the Securities and Exchange Board of India (SEBI) to raise funds via initial public offerings (IPOs). According to SEBI’s update on Monday, January 20, the draft papers of Hexaware Technologies, PMEA Solar Tech Solutions, Scoda Tubes, Ajax Engineering,…
Source: Live Mint At the 17th Mint BFSI Summit & Awards, Narayan outlined the regulator’s response to the frenzy in futures and options, by implementing targeted measures to curb egregious overtrading, particularly around expiry days. These steps, introduced in October 2024, aimed to address specific risks without burdening the entire F&O market with overly broad…
Source: Live Mint The Securities and Exchange Board of India has temporarily restrained the trading activities of Pacheli Industrial Finance Ltd (PIFL) following an alarming surge in the Mumbai-based company’s stock price and questions surrounding its financial dealings. The market watchdog also restrained six entities—the company’s preferential share allottees—from buying, selling, or dealing in PIFL…
Source: Live Mint Mumbai: India’s capital markets regulator is set to ease the registration of foreign portfolio investors (FPIs) if they want to invest in government-backed securities, even as it proposed doubling the equity investment threshold set for granular disclosures by FPIs to ₹50,000 crore. The Securities and Exchange Board of India’s (Sebi) whole time…
Source: Live Mint The market regulator tightened rules for independent advisers and research analysts by imposing deposit requirements and restrictions on the scope of advice to enhance transparency and protect investors. The new guidelines—following the amendment notified on 16 December—aim to reinforce compliance and ensure better segregation of services between independent advisers (IAs) and research…
Source: Live Mint The Centre has appointed former Allahabad high court judge justice Mayank Kumar Jain as the second judicial member of the Securities Appellate Tribunal (SAT). Jain will serve a term of four years or until he reaches the age of 67, whichever comes first. The appointment was formalized through a notification issued by…
Source: Live Mint Mumbai: India’s market regulator said it has uncovered an alleged front-running scheme involving Ketan Parekh, convicted in 2008 for stock market manipulation, and Rohit Salgaocar, whose company facilitated these “illicit” trades that led to unlawful gains of ₹65.77 crore. Parekh and Salgaocar orchestrated trades based on confidential, non-public information (NPI) related to…
Source: Live Mint The Securities and Exchange Board of India (Sebi) on Friday issued a circular outlining guidelines on the transfer and transmission of shareholding among immediate relatives and in specific types of intermediary firms, with the aim of streamlining the regulatory process and safeguarding investor interests in the securities market. The circular provides clarity…
Source: Live Mint Market regulator Sebi has uncovered a front-running scheme involving PNB MetLife India Insurance Company equity dealer Sachin Bakul Dagli and eight other entities, who generated illegal gains of ₹21.16 crore. The front-running by these entities continued for more than three years. Sebi, through an interim order, prohibited Sachin and eight other entities…
Source: Live Mint SEBI Board Meeting Outcome: Capital markets regulator Securities and Exchange Board of India (SEBI) conducted its board meeting on Wednesday, December 18, and tightened the stock exchange listing norms of small-and-medium enterprises’ initial public offerings (SME IPOs). The market watchdog also announced setting up of a performance validating agency called ‘PaRRVA’. Read…
