Posts in category Business Standard
GQG Partners checks in at GMR Airports Infrastructure, buys 4.7% stake (08-12-2023)
Total 11.8% equity stakes changed hands in block deals
Nifty tops 21K on RBI boost; Indices rise amid hopes of better eco growth (08-12-2023)
The RBI on Friday riased its GDP forecast for the current fiscal to 7 per cent from 6.5 per cent earlier
Sebi looks to introduce new ‘high-risk’ investment vehicle, says Buch (08-12-2023)
The proposed category will likely have a higher minimum investment threshold but lower than that of PMS
Ready to introduce same-day settlement of trades by March 2024: Sebi chief (08-12-2023)
Sebi chief Madhabi Puri Buch on Friday said the capital markets regulator is ready to introduce same-day settlement of trades on the stock exchanges by March 2024.
Speaking at the Global Economic Policy Forum 2023 organised by the Confederation of Indian Industry (CII), Buch said, "We are ready to introduce T+0 (T plus zero) settlement trade by the end of the current fiscal".
The regulator, which has already reduced the settlement timelines to as short as one day after the transaction, is now looking to shorten the same further.
The Sebi chief talked about the T+1 regime that has been implemented in the market. Earlier this year, the country's stock markets transitioned from T+2 to T+1 settlement, settling trades on the following business day.
"It takes two things to make this happen. First is technology and second is co-creation. We are now moving to T+0 which will happen before the end of this financial year and one year from there we will have instantaneous settlement, which is
India’s Russian oil imports seen rising on lower prices: Govt official (08-12-2023)
The Group of Seven large economies known as G7 and some other nations have imposed a ceiling of $60 per barrel for oil at Russian ports to cut Moscow's revenue seen as funding its war in Ukraine
Crypto wrap: Cryptocurrency in Parliament; Bitcoin’s surge to 18-month high (08-12-2023)
This week, in reply to a question in the Parliament in the ongoing Winter Session, the Centre revealed that as many as 28 Virtual Digital Assets service providers have registered themselves with FIU
ESMA should follow principle of mutual trust, cooperation: T Rabi Sankar (08-12-2023)
RBI dy governor says not comfortable extraterritorial jurisdiction regulations
Sebi is looking to create a new asset class, says Madhabi Puri Buch (08-12-2023)
Capital markets regulator Sebi is looking to create a new asset class -- which lies between mutual funds and portfolio management services (PMS) -- and the new product can cater to high-risk investors, its chief Madhabi Puri Buch said on Friday.
The Sebi chief said that there is a spectrum of asset classes for investors. Of these, "mutual funds are the highly retail investors, then you have in between a PMS and then you have AIF (alternative investment fund) for private equity".
"We feel there is room for an additional asset class somewhere between mutual funds and PMS... Sebi is looking into a whole new asset class," Buch told reporters here at the sidelines of a CII event.
In October, mutual funds industry body AMFI clarified that the idea of introducing a new asset class, which lies between mutual funds and PMS, was at a "very nascent stage".
According to the industry body, there was a deliberation within the industry for an instrument that caters to investors who are looking fo
Sebi chief deeply regrets failure to de-freeze shares in Kirloskar case (08-12-2023)
Sebi chief Madhabi Puri Buch on Friday said the capital markets regulator deeply regrets the failure to de-freeze the shares held by members of the Kirloskar family in Kirloskar Industries Ltd (KIL) despite the SAT's directive.
"I think what happened in terms of delay in de-freezing accounts was unacceptable. Whatever have been the cause and root cause, communications with the depository etc., Sebi was responsible, Sebi was accountable, we deeply regret what happened," Buch told reporters at the sidelines of the CII Global Economic Policy Forum here.
Further, she said that the Securities and Exchange Board of India (Sebi) has already initiated a full process review in this regard.
"Within 30-45 days. We will revamp the process. So that risk of this happening again is completely minimised," she added.
The comments came after the Securities Appellate Tribunal (SAT) pulled up Sebi on Monday for failing to de-freeze the shares held by members of the Kirloskar family in Kirloskar ...
India’s equity MF inflows moderate in November; SIPs hit new high (08-12-2023)
The inflows dropped 22.15% month-on-month to Rs 15,536 crore in November from Rs 19,957 crore in October, the data showed