New Delhi: Taking a tough stand on insider trading and other serious offences, market regulator SEBI on Friday decided to exclude these violations from the consent order, a window available for settling disputes on payment of a fee. The modified guidelines, issued by the Securities and Exchange Board of India (SEBI), also said that this window will only apply for offences committed two years prior to submission of application to...
07:06 AM, May 26, 2012
Mumbai: The BSE Sensex and NSE Nifty were completely lacklustre in trade after shedding all gains. Endless concerns in Eurozone and rupee near all-time low kept investors away from risky assets. Even the market breadth turned neutral. The BSE Bankex too shed all gains, which was up 1.77 per cent at one point of time today. Top private sector lender ICICI Bank tanked 1.4 per cent and its rival State...
09:13 AM, May 17, 2012
Mumbai: Market regulator Securities and Exchange Board of India (SEBI) on Monday said India Inc mobilised only Rs 791.8 crore in the primary market through five issues during February, 2012, registering a decline of 93.5 per cent over the previous month. Corporates had mobilised Rs 12,126.6 crore through four issues in January. "During February, 2012, Rs 791.8 crore was mobilised in the primary market through five issues as compared to...
10:43 PM, Apr 16, 2012
Mumbai: Beleaguered firm Kingfisher Airlines has taken on board three independent directors to comply with the listing norms, a week after its lone independent director walked out citing poor health condition. According clause 49 of Sebi's Listing Agreement, at least 50 per cent of the Board of Directors should comprise of independent directors. After the exit of Anil Kumar Ganguly, the Kingfisher board was left with just three directors of...
07:47 PM, Mar 28, 2012
Gurgaon: SEBI on Monday said it will come out with new norms for Initial Public Offer (IPO) in the next few months as the capital market regulator aims at ensuring minimum price volatility on the day of listing. "May be in next few months," Securities and Exchange Board of India (SEBI) Chairman UK Sinha told reporters when asked about timeline for the new IPO norms. He was in Gurgaon to...
04:32 AM, Mar 27, 2012
New Delhi: Finance Minister Pranab Mukherjee on Saturday asked capital markets regulator SEBI to diligently protect the interest of retail investors. "He (the Finance Minister) has directed us to be very careful towards protecting interest of small investors and also work towards market regulation and development," SEBI Chairman UK Sinha told after a board meeting. The meeting was chaired by Mukherjee. The board discussed the future agenda and expectations of...
12:48 AM, Mar 25, 2012
New Delhi: The number of complaints filed against economic offences came down to 244 in 2010-11 against 312 cases in the previous fiscal. There were 244 complaints filed for offences under the Income Tax Act in 2010-11 as against 312 cases in 2009-10, Minister of State for Finance SS Palanimanickam told the Rajya Sabha in a written reply. In 2008-09, there were 162 cases of such offences. The number of...
05:50 PM, Mar 20, 2012
New Delhi: The Corporate Affairs Minister has ordered an inquiry into its books following complaints from numerous investors against real estate major DLF. The senior officials of the ministry say they've received several complaints alleging that there are anomalies in the company's books. Sources says that SEBI has sent a reference to the Ministry in this regard. The Companies Act empowers the ministry to call and scrunitise a company's books....
06:32 AM, Mar 02, 2012
New Delhi/Mumbai: After some hiccups and a late government intervention, the sale of government's 5 per cent stake in ONGC through an auction finally managed to sail through with an estimated proceeds of about Rs 12,000 crore to partly meet the disinvestment target of current fiscal. Hectic parleys were held for more than four hours after the end of the auction process at 1530 hours and a final tally of...
09:40 PM, Mar 01, 2012
Mumbai, Last week was indeed flat and positive with NIFTY gaining back almost all that it had lost during the first few days. Immense fund flow clubbed with retail participation helped NIFTY to move above 5400, hinting that the markets are entering another bull phase. NIFTY is on a consolidation mode and it is having a base at 5325 and 5250. The resistance for the NIFTY will be at 5450...
02:27 PM, Feb 13, 2012
New Delhi: Market watchdog SEBI seems to be the latest to catch the fancy of social networks like Twitter, Facebook and blogs for spreading its message to investors as also to snoop on discussions at these platforms as part of its investigation and oversight activities. The Securities and Exchange Board of India (SEBI) is hiring specialist IT officers, whose role would include keeping track of social media platforms like Twitter...
12:34 PM, Feb 12, 2012
New Delhi: Stock exchanges on Tuesday pitched for abolition of the Securities Transaction Tax (STT) on equity trades at their meeting with Finance Ministry officials in New Delhi. The issue of removal of STT was raised by representatives of different stock exchanges, including BSE, National Stock Exchange, MCX-SX and USE. Besides, the officials of the market regulator Securities and Exchange Board of India (SEBI) were also present in the meeting....
09:18 PM, Feb 07, 2012
New Delhi: The Supreme Court on Monday declined to entertain a plea questioning the appointment of UK Sinha as SEBI chairman, saying it is aimed against an individual under the garb of raising legal and constitutional issues. A bench headed by Chief Justice SH Kapadia said this was for the second time that the same issue has been raised before the court despite it asking the petitioner earlier to raise...
02:33 PM, Nov 21, 2011
Pentamedia was not just a corporate scam like Satyam, but also a money laundering operation. ...
10:10 PM, Nov 09, 2011
New Delhi: In October 2005, the Bombay Stock Exchange suspended trading in Pentamedia Graphics stocks after the Securities and Exchange Board of India (SEBI) found attempts to rig the market. Following this, the Pentamedia group was pushed to the brink, the group's majority businesses in the US dried up and cash flow was hit badly. Owner Dr V Chandrasekaran had anticipated it all since 2000 and came up with a...
06:55 PM, Nov 09, 2011
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