Latest Updates Around The World
Indian Overseas Bank (IOB) and Punjab & Sind Bank have announced plans to raise Rs 4,000 crore and Rs 3,000 crore respectively by selling shares to institutional investors this quarter.IOB Managing Director Ajay Kumar Srivastava said on Wednesday that the bank has received all required approvals for the qualified institutional placement and is now in […]
Zerodha founder and CEO Nithin Kamath said the 15% open interest (OI) limit at the brokerage level puts a hard ceiling on the extent to which a brokerage firm can grow and the pace of that growth. While the restriction limits scale, it ultimately benefits consumers by reducing concentration risk and preventing any single broker […]
Markets regulator Securities and Exchange Board of India (Sebi) has proposed a uniform 30-day delay for both sharing and use of price data for educational and awareness activities. In a consultation paper released on Tuesday, the regulator noted that the 30-day delay would be sufficient to protect against misuse of exchange data while keeping education […]
Generic drug maker Hindustan Laboratories has filed preliminary documents with capital markets regulator Sebi to raise money through an initial public offering (IPO).The company’s maiden public offer involves a fresh issue of 50 lakh shares along with an offer for sale (OFS) of 91 lakh shares by the promoter, as per the draft red herring […]
Markets regulator Sebi has rolled out a new framework to make it easier for Alternative Investment Funds (AIFs) to create a special class of schemes meant only for accredited investors and by giving more relaxations to Large Value Funds (LVFs). The latest rules take effect immediately.Under the new rules, AIFs can launch ‘AI-only’ schemes that […]
Sebi chairman Tuhin Kanta Pandey on Monday said the market regulator will soon change rules to ban the use of current market data for investor education.The comments came days after Sebi imposed a fine and ordered payout of Rs 546 crore to ‘fininfluencer’ Avdhoot Sathe. Pandey asserted that there is no ‘regulatory vacuum’ regarding education […]
Sebi on Friday proposed that all regulated entities and their agents should display the registered name and registration number prominently on the homepage of their social media platforms.This proposal comes after the regulator noted the growing need to clearly distinguish content uploaded by Sebi-regulated persons from material posted by unregistered persons on social media. According […]
Markets regulator Sebi has banned mutual funds from investing in equity placements before the IPO (initial public offer) but has allowed them to invest in anchor rounds, a source said on Friday. This move is aimed at boosting liquidity and increasing transparency in the valuation of companies selling their first shares. “We have asked mutual […]
Securities and Exchange Board of India (Sebi) has allowed portfolio managers to transfer their Portfolio Management Services (PMS) businesses after regulatory approval. In a circular today, the market watchdog said the initiative is part of its broader efforts to promote ease of doing business and simplify compliance across the capital market ecosystem. Under the new […]
