SEBI

  • Sebi moves US court with $12 million claim on Sahara jet sale April 12, 2015

    New York: In a new twist to the high profile Sebi-Sahara case, the Indian capital markets regulator has approached a US court with a USD 12-million claim on proceeds from sale of a corporate jet owned by a Sahara Group firm. ...
  • India eases rules for foreign investment in government bonds April 9, 2015

    Mumbai: India's market regulator has allowed foreign investors to reinvest in government bonds the same day, according to an emailed circular seen, hoping to sustain outside interest in the country's debt market. India limits the amount of government bonds available to foreign investors, and some 90 percent of that allocation was...
  • Sebi announces minimum Rs 50,000 fine for failure to appoint women directors April 8, 2015

    Mumbai: Taking to task the companies without a woman director, Sebi on Wednesday announced a minimum Rs 50,000 fine on them and warned of further action, including against promoters and directors, for non-compliance beyond September. Without naming the companies that failed to appoint at least one...
  • DLF challenges Sebi order imposing Rs 26 crore fine April 8, 2015

    New Delhi: DLF on Wednesday filed an appeal before Securities Appellate Tribunal (SAT) against capital market watchdog Sebi's order slapping Rs 26 crore penalty on it for indulging in "fraudulent and unfair trade practices". In the biggest-ever penalty in a single case, Sebi, in February, had...
  • Sebi mulls new norms for changes in Sensex, Nifty April 6, 2015

    Mumbai: Regulator Sebi will soon put in place new norms for changes in constituents of the key stock market indices, including Sensex and Nifty, as it frames a separate mechanism for regulating the index providers. The index operators, which include...
  • Over 250 companies appoint women directors on Tuesday to meet Sebi deadline April 1, 2015

    Mumbai: Waking up at the last moment, over 250 companies including from Adani and Essar Groups, appointed women directors to meet the Sebi deadline of Tuesday midnight for having at least one female board member, even as some PSUs were seen lagging behind. The companies...
  • SEBI permits Jaipur Stock Exchange to exit bourse business March 23, 2015

    Mumbai: Sebi on Monday allowed Jaipur Stock Exchange Limited (JSEL) to exit as a bourse from the nation's capital markets. According to the Securities and Exchange Board of India (Sebi), JSEL has substantially complied with the conditions for its exit as per the regulator's framework and therefore "is a fit case...
  • No disconnect between RBI and government, says Arun Jaitley March 22, 2015

    New Delhi: Scotching murmurs of differences between the government and the Reserve Bank of India over regulation of money market, Finance Minister Arun Jaitley on Sunday said there is no 'disconnect' between the two and hoped banks would follow the central bank in reducing interest rates. Jaitley, who addressed the RBI...
  • Not having women on board shameful, will lead to 'very serious' consequences: SEBI March 21, 2015

    Mumbai: Corporate India's "shameful" failure to appoint enough women directors ahead of a deadline set by regulators for April 1 will result in "very serious" consequences for firms, the head of the Securities and Exchange Board of India (SEBI) said on Friday. SEBI in 2014 imposed a quota of one female...
  • No intention to take away significant power from RBI: Arun Jaitley March 20, 2015

    New Delhi: The government will not take away any 'significant' power of the RBI and a clarification on the central bank's role in the regulation of bond market will be provided in April, Finance Minister Arun Jaitley said. In his first full year Budget, Jaitley had...
  • India to strip RBI of power to regulate government bonds March 18, 2015

    New Delhi: India plans to strip its central bank of authority to regulate government bonds but leave it in charge of other money market instruments, setting the stage for a confrontation with Reserve Bank of India Governor Raghuram Rajan. The move by Arun Jaitley's finance ministry is part of an overhaul...
  • Last chance to Sahara to negotiate deal for Subrato Roy's release: SC March 14, 2015

    New Delhi: Sahara Group on Friday was granted the third and last opportunity by the Supreme Court to negotiate a deal for selling its offshore properties for raising Rs 10,000 crore to ensure the release of its Chief Subrato Roy, who has been in jail for a year for non-refund...
  • Sahara defaults on loan taken by Bank of China, prompts legal action March 3, 2015

    New Delhi: In yet another development which will compound trouble for Sahara group, Bank of China may initiate legal action against it for defaulting on a loan, sources said. The sources also said Bank of China had financed Sahara's hotel buys for nearly $900 million. The development takes place even as...
  • Some staff say Sahara has not paid salaries for months February 28, 2015

    Mumbai: Some staff at conglomerate Sahara say they haven't been paid for several months, as the company tries to raise $1.6 billion to bail its boss Subrata Roy out of jail. Reuters interviewed 11 employees independently contacted in separate units in Delhi, Mumbai and Lucknow this week, and found workers at...
  • SEBI cancels Sahara's portfolio management licence February 27, 2015

    Mumbai: The Securities and Exchange Board of India (SEBI) said it has cancelled the portfolio management licence held by Sahara Asset Management Company Pvt Ltd, saying the firm did not comply with its "fit and proper" norms. Financial firms must meet regulators' "fit and proper" criteria to operate in India. The asset...
  • UK Sinha keeps markets guessing on trading on Budget day February 20, 2015

    Mumbai: Sebi is yet to take a call on opening stock markets on Budget day, which falls on a Saturday, its chairman UK Sinha said on Friday. Finance Minister Arun Jaitley will present the first full Budget of the Prime Minister Narendra Modi-led government on February 28 amidst heightened expectations...
  • Realtors seek tax sops, lower rates for home buyers in Budget February 19, 2015

    New Delhi: The real estate industry on Thursday sought more tax incentives and lower interest rates for the home buyers in the upcoming Budget to revive demand. Besides, it sought infrastructure status for housing. Addressing a real estate conference organised by RICS, CREDAI President (Elect) Getamber Anand said the government...
  • Sahara moves Supreme Court for extension of facilities to Subrata Roy in jail by 6 weeks February 17, 2015

    New Delhi: Supreme Court on Tuesday expressed concern over how Sahara Group would raise money to secure its chief Subrata Roy's release, as the group sought extension of facilities inside Tihar jail premises by four to six weeks to enable him negotiate deals with prospective buyers. The apex court expressed concern...
  • FIIs pour Rs 10,000 crore in Indian capital markets in two weeks February 15, 2015

    New Delhi: Overseas investors have pumped in over Rs 10,000 crore in Indian capital markets in the first two weeks of this month on hopes of a pro-growth budget and rising expectations the government will accelerate reforms. The fund inflow this month takes the investment to above Rs 43,000 crore (USD...
  • SEBI-Sahara row:RBI moves SC to stop SIFCL from selling assets February 13, 2015

    New Delhi: In a fresh turn of events in the Sahara case, RBI on February 13 moved to the Supreme Court seeking to implead itself as a party in the company's tussle with SEBI and sought to stop one of its firms from disposing off assets for securing the release...
  • Sebi lowers Sahara case expense estimates to Rs 25.88 crore February 1, 2015

    New Delhi: As a prolonged Sebi-Sahara battle continues, the regulator has revised lower the expenditure it intends to recover from the business group to Rs 25.88 crore in the current fiscal towards money spent on identifying the investors and making refunds. As per the court orders, Saharas were asked to bear...
  • DGCA lifts curb on advance bookings, Centre clears SpiceJet plan January 22, 2015

    New Delhi: In a major relief to the budget carrier SpiceJet, DGCA on Thursday allowed the airline to accept advance bookings beyond March 31 even as the government gave initial nod to its revival plan, which has now been referred to market regulator Sebi to examine whether the funding by...
  • SC allows Sahara group's proposed loan transaction from abroad for raising funds January 9, 2015

    New Delhi: In a relief for Subrata Roy, the Supreme Court on Friday allowed the Sahara Group to go ahead with its proposed loan transaction from abroad for raising funds to ensure release of Subrata Roy from jail. As per court's directions Sahara Group will have to seek permission from Reserve...
  • SC refuses to free Sahara's Subrata Roy from custody December 17, 2014

    New Delhi: The Supreme Court on Wednesday declined Sahara Group chief Subrata Roy's plea for release from jail along with his two other directors. The trio were taken into custody March 4 for non-compliance of Aug 31, 2012, order to return investors' money that Sahara's two real estate companies - Sahara...
  • Sahara awaits court verdict that may give jailed chief Subrata Roy freedom December 17, 2014

    New Delhi: Embattled conglomerate Sahara is readying for a court verdict on Wednesday that will determine if it can take on a new loan and refinance debt on its overseas hotels, including the Plaza in New York, to secure the release of its jailed chief. Sahara Chairman Subrata Roy has been...
  • Sahara to sell Mumbai, Jodhpur land parcels for Rs 1,251 crore December 7, 2014

    New Delhi: After selling land in Gurgaon for Rs 1,211 crore recently, Sahara group is believed to have finalised two more land parcels deals - one in Mumbai and another in Jodhpur - for over Rs 1,250 crore. Besides, talks are in final stages for sale...
  • Sahara permitted by SC to sell 4 properties worth over Rs 2700 crore December 2, 2014

    New Delhi: The Supreme Court on Tuesday permitted the Sahara Group to proceed with the sale of four domestic properties, which is likely to fetch Rs 2,710 crore, in its bid to raise Rs 10,000 crore for the release of its jailed chief Subrato Roy. The court allowed the group to...
  • Checks are in place to prevent illicit fund flows: MoS Finance November 28, 2014

    New Delhi: To prevent illicit money flows into capital markets, authorities have put in place advanced risk management mechanism and other systems, the government said on Friday. Besides, market regulator SEBI has warned stock exchanges regarding probable inflow of funds from terror groups. "SEBI maintains constant vigil...
  • Sahara moves Supreme Court, seeks relief for Subrata Roy on deteriorating health condition November 25, 2014

    New Delhi: The Sahara group moved Supreme Court on Tuesday and appealed for relief for its chief Subrata Roy on his deteriorating health condition. The Supreme Court has said that they can only direct Tihar jail to give necessary treatment to Roy. The move comes a day after the Central Board of...
  • I-T seizes over Rs 135 crore cash, jewellery from Sahara group November 24, 2014

    New Delhi: The Income Tax department has claimed to have seized cash of over Rs 135 crore from the premises of Sahara group during its raids on its two premises in Delhi and Noida in connection with alleged tax evasion charges. Sources said that the department made one of its...