SEBI rationalises norms to speed up rights issues

n a bid to make fundraising through rights issues faster and cost effective, the Securities and Exchange Board of India (SEBI) on Wednesday rationalised norms and the eligibility criteria and regulations for such issues. Continue Reading

SEBI proposes changes in listing, disclosure norms

The Securities and Exchange Board of India (SEBI) has proposed amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to strengthen corporate governance practices and disclosure requirements. Continue Reading

SEBI defers auction of Asurre Agrowtech’s properties

The Securities and Exchange Board of India (SEBI) on Friday announced that it has decided to defer the auction of 18 properties of Asurre Agrowtech scheduled on 30 August. Continue Reading

SEBI fines SBI, LIC & BoB

The Securities and Exchange Board of India (SEBI) on Friday imposed penalties of Rs 10 lakh each on the State Bank of India (SBI), the Life Insurance Corp of India (LIC) and the Bank of Baroda (BoB) for violation of its mutual fund regulations. Continue Reading

NCLAT dismisses IT dept plea against Reliance Jio

The NCLAT has dismissed petitions filed by the Income Tax Department, which raised objection over the approval granted to Reliance Jio Infocomm scheme to hive off its fiber and tower business into two separate units. Continue Reading

‘Karvy Stock indulged in activities which were never allowed’ : Sebi chief

The comments from the regulator’s chairman Ajay Tyagi come days after Securities and Exchange Board of India (Sebi) banned Karvy, with immediate effect, for selling client stocks pledged with it through associated entities. Continue Reading

Infosys clarifies on ‘new’ whistleblower reports

Infosys clarified that recent media reports, which claimed that the company is hit by a fresh whistleblower complaint, refer to substantially the same charges made in the plaint that was disclosed by the IT firm last month. Stock exchanges last week had sought clarification from the company over the media reports that suggested the company was ‘hit by another whistleblower complaint against Salil Parekh’. Continue Reading