Conducting unannounced visits of top mutual fund executives, the Securities and Exchange Board of India (SEBI) has increased its regulatory control by closely examining their digital gadgets including mobile phones, iPads, and laptops. Moneycontrol claims that over the past 12 months, SEBI has targeted five top-notch mutual funds, gaining access to the cell phones of…
Driven by a notable rebound in information technology (IT) companies, benchmark indices came out Thursday’s trading session on a bullish note. Closing 62.87 points higher at a historic 80,049.67, the S&P BSE Sensex closed; the NSE Nifty50 gained 15.65 points and settled at 24,302.15. Along with Nifty Pharma, the Nifty IT index climbed over 1%…
On Monday, the stock market reached all-time highs as the Sensex surged 443 points to settle at a record 79,476.19. In a similar vein, the Nifty increased by 131.35 points to close the day at 24,141.95, setting new records for both indices. Tech Mahindra, UltraTech Cement, Bajaj Finance, Hindustan Unilever, Tata Consultancy Services, JSW Steel,…
Regarding its accusations against the Adani Group, Hindenburg Research has received a show-cause notice from the Securities and Exchange Board of India (SEBI). The Indian multinational was previously accused of illegal activities and manipulating share prices by the US-based short seller. In response, Hindenburg described the notification as an effort to frighten and suppress people…
Overview of Settlement Infosys CEO Salil Parekh paid ₹25 lakh to SEBI to resolve insider trading allegations. Despite SEBI requirements, a significant commercial deal was not UPSI. Background of the Case In July 2020, Infosys and Vanguard delivered Cloud-based record-keeping technology, sparking discussion. SEBI defines large announcements as UPSI to prevent market and stock price…
Quant Mutual Fund, one of India’s most rapidly expanding asset managers, is now under investigation by the SEBI on allegations of front-running. A practice known as “front-running,” in which a smaller customer uses insider knowledge to make arrangements before a bigger client does, is illegal. According to the Economic Times, searches and seizures have been…
In a significant step for India’s burgeoning electric vehicle (EV) industry, Ola Electric has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). This groundbreaking move marks the first IPO by an EV startup in the country and is set to be one of the largest new-age…
The Securities and Exchange Board of India (Sebi) has provided significant relief to Foreign Portfolio Investors (FPIs) by relaxing the timelines for reporting and disclosing material changes. This move is set to streamline the process for FPIs, ensuring better compliance and reducing the regulatory burden. Previously, FPIs were required to disclose many material changes as…
